VANCOUVER, June 24, 2015 /CNW/ - Eureka Resources Inc. ("Eureka" or the "Company") (TSXV: EUK) announced today the appointment of veteran geologist and mining analyst Douglas A. Leishman, P.Geo., FGAC, ARSM, B.Sc., to its Technical Advisory Board. The other members of the Technical Advisory Board are John Kerr, P.Eng., Chair, and Kristian Whitehead, P. Geo., both Directors of the Company.
Michael Sweatman, President and CEO of the Company stated: "Doug Leishman's reputation and track record speaks for itself, and we are delighted that he has agreed to assist Eureka in this capacity."
Mr. Leishman is a Graduate of the University of London, Imperial College, where he attended the Royal School of Mines and completed a degree in Mining Geology in 1981. Early in his career, Doug served in positions of responsibility at Canadian Superior Exploration, Esso Minerals Canada, Esso Erz (Germany), Prospection Ltd. (Oman) and Camchib Resources. He worked as an Independent Contractor and a Consulting Geologist based in Kamloops, B.C. from 1984 to 1990. Mr. Leishman was Senior Mining Analyst of Yorkton Securities Inc. from 1990 to 2000, covering junior exploration companies primarily focused on exploration in the Americas; after Yorkton from 2001 to 2005 he was the Director of Geology and Exploration for Endeavour Financial Ltd., a financial advisory firm focused on the mineral industry. He served as a Director of Southern Arc Minerals Inc. from January 2005 to July 2008, and Fortress Minerals Corp. from June 2004 to February 2006, and a Director of Terrane Metals Corp., from July 2006 to October 2010. He has been a Registered Member of the Association of Professional Engineers and Geoscientists of British Columbia since 1994, and a Fellow of the Geological Association of Canada since 1985.
Eureka also announced that it has granted 1.4 million incentive stock options at an exercise price of $0.10 to Directors, Officers and Advisors. The options are for a period of 5 years from the grant date.
About Eureka and the Frasergold Project
Since its incorporation in 1981, Vancouver-based Eureka Resources, Inc. (TSX-V: EUK) has focused on the exploration and development of natural resource properties. Its flagship project, the Frasergold deposit, was the subject of a National Instrument 43-101-compliant technical report entitled "Report on the 2007 and 2008 Drill Programs on the Frasergold Project", dated November 18, 2009, authored by K. V. Campbell, Ph.D, P.Geo, and G. H. Giroux, MA.Sc, P.Eng., and filed on SEDAR by Hawthorne. The Frasergold Project is located about 100 kilometres east of Williams Lake, B.C., Canada, with good summer/fall access by B.C. provincial highways and secondary roads.
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 Company's proposed financing, objectives, goals or future exploration plans at the Frasergold 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, shareholder 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.
For further information: Further information on Eureka and the Frasergold Project can be found on the Company's website at www.eurekaresourcesinc.com or at Eureka's listing at www.sedar.com, or by contacting Michael Sweatman, President and CEO by email at [email protected] or by telephone at (604) 449-2273.