Since its incorporation in 1981, Vancouver-based Eureka Resources, Inc. (TSX-V: EUK) has focused on the exploration and development of natural resource properties in order to create wealth for investors.
Under the leadership of chairman and president John J. (Jack) O'Neill, Eureka has remained committed to the highest and best levels of corporate responsibility---environmental responsibility in the field, legal responsibility in meetings its statutory obligations to securities regulators, and financial responsibility in its relationship with investors.
Trading on the respected Toronto Stock Exchange's Venture Exchange, Eureka is a member of Canada's pre-eminent public venture-equity market. The TSX Venture Exchange provides access to capital for companies, such as Eureka, at the early stages of their growth, while offering investors a well-regulated market for making venture investments.
Eureka is fully compliant with all provincial and national corporate and securities rules and regulations. Prospective and current investors can view a complete list of all Eureka's public disclosures, including press releases and interim and annual reports, at the System for
Electronic Document Analysis and Retrieval (SEDAR) filing system of the Canadian Securities Administrators.
Conducting business in British Columbia, Eureka is part of a burgeoning industry that in 2010 produced an
$8.9-billion impact on the province's economy. According to a study commissioned by the Mining Association of B.C., the industry recorded $5.2 billion in direct and indirect expenditures in 2010, directly employed 21,112 workers, and contributed $932 million in federal, provincial and municipal taxes.
In 2011, Eureka Resources Inc. signed an agreement with Teslin River Resources Corp. (TSX-V: TLR) , which has the right to earn a 51% interest in Eureka's Frasergold property in B.C.'s Cariboo region by spending $3,550,000 on the gold property and providing payments to Eureka totaling $200,000 over a three-year period.
Teslin can earn an additional 24% interest (totaling 75%) by completing a feasibility study. The province's mines produced an estimated $270 million worth of gold in 2009.
Eureka's Lottie Lake property, also in central B.C., incorporates a promising copper deposit. Provincial copper production totalled an estimated $1.2 billion in 2009.