Goldeye Explorations Limited (TSX-V:GGY) reports that Sandy Lake Gold Inc. has purported to invoke the force majeure provisions of the option agreement between Goldeye and GPM Metals Inc. concerning the Weebigee Project as announced in their press release issued on July 27, 2016. Sandy Lake Gold previously announced on July 21, 2016 that it had acquired GPM’s rights under the Option Agreement.
While Goldeye fully supports on-going engagement and meaningful discussion and consultation with local First Nations, it does not accept the position taken by Sandy Lake Gold that the Option Agreement’s force majeure clause has been triggered.
Goldeye is disappointed that Sandy Lake Gold has added another issue to the ongoing dispute between the companies. The Company will continue to seek resolution of all items in dispute pursuant to the terms of the Option Agreement.
About Goldeye Explorations Limited
Goldeye Explorations is a gold-focused junior exploration company engaged in the exploration and evaluation of mineral properties in Ontario, Canada. Goldeye’s flagship Weebigee Project is located near Sandy Lake in Northwestern Ontario. The company has additional properties at Gold Rock near Dryden and Shining Tree in Northeastern Ontario.
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