VANCOUVER, July 19, 2016 /CNW/ - Eureka Resources Inc.
("Eureka" or the "Company") (TSXV: EUK) is pleased to announce
it has listed its common shares for trading on the Frankfurt Stock
Exchange under the symbol WKN: 875742 , Eureka's international
securities identification number ("ISIN") is CA2986551018. The
Frankfurt Stock Exchange is one of the world's largest trading
centres for securities, it is the largest of Germany's seven stock exchanges.
This European listing will help to increase the company's
trading liquidity and facilitate investment by European
investors.
About Eureka
FG Project
Since its incorporation in 1981, Vancouver-based Eureka has focused on the
exploration and development of natural resource properties. Its
flagship project is a 100% interest in the FG Property
(formerly called Frasergold), consisting of 9393 hectares and
located 100 kilometers east of Williams
Lake, British Columbia. The property hosts a Measured and
Indicated (376,000 ounces) gold resource at an average grade of
0.776 g/t gold, using a cut-off grade of 0.5 g/t, and an Inferred
gold resource (634,900 ounces) at an average grade of 0.718 g/t
gold, using a cut-off grade of 0.5 g/t. Mineralization has been
outlined over a strike length of 3 kilometres, and has the
potential for additional mineralization that could extend along an
interpreted strike length of over 10 kilometres (for further
information see "NI 43-101 Technical Report, Frasergold Exploration
Project, Cariboo Mining Division, dated July
27, 2015" available on SEDAR or on the Company's
website).
Gemini Lithium Project
Eureka recently entered into an agreement with Nevada Sunrise
Gold Corporation ("Nevada Sunrise") (TSXV: NEV), which allowed
Eureka to acquire a 50% participating interest in the Gemini
Lithium Project ("Gemini" or the "Joint Venture"). The Gemini
Lithium Property is located in the western Lida Valley, 10
kilometers east of the community of Lida, Esmeralda County, Nevada. Gemini currently
consists of 247 placer claims totaling 4,940 acres (2,000
hectares). The Lida Valley contains two sub-basins that have the
potential to host lithium-bearing brines similar to the proven
lithium brine deposits and geological environment located in the
Clayton Valley, 40 kilometers to the northwest. The only production
of lithium in North America is
from economic contents of lithium in brines in the Clayton
Valley.
John R. Kerr, P.Eng., is the
Company's designated Qualified Person for this news release within
the meaning of NI 43-101 and has reviewed and approved the
technical information in this news release.
Neither the TSX Venture Exchange nor its regulation services
provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release
Cautionary Statement Regarding Forward-Looking
Information
This news release includes certain "forward-looking
statements" under applicable Canadian securities legislation that
are not historical facts. Forward-looking statements involve risks,
uncertainties, and other factors that could cause actual results,
performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Forward-looking statements in this news release include, but are
not limited to, statements with respect to the proposed timing of
the permit submission for the Gemini Project and the business and
operations of the Company. Forward-looking statements are
necessarily based on a number of estimates and assumptions that,
while considered reasonable, are subject to known and unknown
risks, uncertainties and other factors which may cause actual
results and future events to differ materially from those expressed
or implied by such forward-looking statements. Such factors
include, but are not limited to: general business, economic and
social uncertainties; litigation, legislative, environmental and
other judicial, regulatory, political and competitive developments;
delay or failure to receive board or regulatory approvals; those
additional risks set out in the Company's public documents filed on
SEDAR at www.sedar.com; and other matters discussed in this news
release. Although the Company believes that the assumptions and
factors used in preparing the forward-looking statements are
reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this news release,
and no assurance can be given that such events will occur in the
disclosed time frames or at all. Except where required by
law, the Company disclaims any intention or obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events, or otherwise.
SOURCE Eureka Resources, Inc.