September 12, 2007
Eureka Resources, Inc.: Diamond Drill Program on Frasergold Property
VANCOUVER, BRITISH COLUMBIA -(Sept. 12, 2007) - Eureka Resources, Inc. (the “Company”) (TSX:EUK) is pleased to announce a 5000-meter drill program commenced by Hawthorne Gold Corp. (“HGC”) on the Frasergold property where HGC has an option to earn a 5 1% interest.
The above drill program is part of a 30,000-meter diamond drill commitment by HGC on this property.
HGC’s 2007/2008 exploration and development program also includes surface trenching, underground channel and bulk sampling, and property-wide aerial surveys including photogrammetry and geophysics (magnetic, EM and radiometric) as well as initiating a baseline environmental study.
Historic exploration work has outlined a 10-kilometer-long mineralized zone that remains open along strike and down dip. The historic resource of approximately 363,000 ounces of gold, consisting of 6,612,675 tons of mineralized material at an average grade of 0.055 ounces of gold per ton, was calculated using only the higher grade portion of the deposit. The historic resource calculation was not conducted according to current CIM standards and is not compliant with NI 43-101. The calculation is not to be relied upon for evaluating the Frasergold Property and is presented for historic purposes only.
ON BEHALF OF EUREKA RESOURCES INC.
J. J. O’Neill, President & CEO
Certain information regarding the Company, including management’s assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this release.
For more information, please contact
Eureka Resources Inc.
J. J. O’Neill
President & CEO
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