Eastmain Resources Inc.
TSX : ER

Eastmain Resources Inc.

November 08, 2013 09:00 ET

Clearwater Project-Eau Claire Deposit

Hole 490 6.38 g/t Au, 10.14 g/t Te across 14.5 m

TORONTO, ONTARIO--(Marketwired - Nov. 7, 2013) - Eastmain Resources Inc. (TSX:ER) is pleased to announce an update on the current definition drill program underway on its wholly-owned Clearwater Project, located in the James Bay region of Quebec. 53 drill holes totaling 20,270 metres have been completed to date. Visible gold has been observed in 31 drill holes, occurring as very fine single particles to clusters of up to more than 100 gold grains ranging from 0.1 to >1.0 mm size within both quartz-tourmaline veins and altered rock.

The current drill program is focused on defining additional near-surface, open-pitable resources within the southeastern extension of the 450 West Zone, where high-grade trench channel sample data was recently reported (NR Oct 24, 2013). Drilling will continue to define the lateral and vertical extensions of the Eau Claire gold deposit, which currently forms a crescent-shaped body over a length of 1.8 kilometres, and extends from surface to vertical depths of up to 900 metres (see drill plan on the website).

450 West Zone Drill Highlights

To date more than 50 Vein zone intersections (from the 2013 program), comprised of high-grade, quartz-tourmaline veins and wider intervals of altered schist and wall rock, exceed current resource cut-off grades. These Vein zone intersections range from 12.46 g/t Au over 1.5 metres to 6.09 g/t Au over 15.5 metres. Some significant highlights include:

Hole ID From (m) To (m) Length (m)* Au (g/t) Te (g/t) VEIN ID
ER13-476 123.5 132.0 8.5 4.01 5.16 C
incl. 126.0 126.5 0.5 24.9 25.4
177.0 180.0 3.0 15.08 2.19 F
ER13-490 184.0 198.5 14.5 6.38 10.14 D
incl. 189.0 192.0 3.0 14.98 24.5
233.5 239.0 5.5 9.37 13.9 G
incl. 234.5 235.0 0.5 39.3 57.7
ER13-494 164.2 179.7 15.5 6.09 5.81 C & D
incl. 166.2 166.7 0.5 48.8 31.9
incl. 171.2 171.7 0.5 54.6 45.0
*Vein thicknesses approximate true thicknesses.

A minimum of 25,000 metres of drilling is planned and additional results are pending.

The 2013 drill program has confirmed a number of wide gold-bearing Vein zone intervals within 200 metres of surface, ranging from 5.5 to 15.5 metres in thickness. These Vein zones typically consist of stacked sequences of multiple, narrow, bonanza-grade quartz tourmaline feeder veins within a wider package of lower-grade altered rock.

There appears to be a high concentration of visible gold-bearing Vein zones forming a southeasterly plunge to the Eau Claire gold deposit. Visible gold has been observed in a number of recently completed drill holes from this corridor (493-495; 498; 500-502; 504-509) with assay data pending. Multiple intervals with high visible gold and telluride grain counts, of up to more than 125 and 245 grains respectively, were especially noted in each of four drill holes - holes 493, 501, 502 and 505. Visible gold confirms the presence of higher-grade feeder veins within the mineralized target corridor and suggests that areas previously defined by widely-spaced drilling as inferred resources may be upgraded to measured and indicated resources.

According to Don Robinson, "We are currently drilling the main plunge direction of the Eau Claire Gold Deposit to expand and delineate measured and indicated resources. The majority of high-grade gold intersections occur within a distinct mafic volcanic rock unit sandwiched between a hanging wall rock package comprised of upper quartz-feldspar porphyry and a lower felsic volcaniclastic horizon. The chemical and structural signature of this favourable mafic host rock may be used as a fingerprint to additional discoveries elsewhere on the property. Understanding of the geological controls on gold mineralization within the deposit will help to define potential future mine development and lead to new discovery successes."

Dr. Donald J. Robinson P. Geo, President and Chief Executive Officer of Eastmain, Qualified Person under National Instrument 43-101 reviewed and approved the technical data presented in this press release.

Chemical analysis was completed by ALS CHEMEX Laboratories on 0.5 to 1.0 metre HQ drill core samples. All sample material is crushed; one kg is split and pulverized. A 50-gram spilt is analyzed using multi-element ME-MS, gold ICP, AA, Fire Assay and gravimetric techniques. Internal standards provided by an independent company and blank samples were inserted for quality control purposes.

About Eastmain Resources Inc. (TSX:ER) Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. The Corporation holds a pipeline of exploration projects within the James Bay District, including the Éléonore South property. The Corporation has sufficient working capital to continue its exploration programs for the foreseeable future.

Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Eastmain, including, but not limited to the impact of general economic conditions, industry conditions, dependence upon regulatory approvals and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Contact Information

  • Eastmain Resources Inc.
    Dr. Donald J. Robinson
    President
    (519) 940-4870
    (519) 940-4871 (FAX)

    Eastmain Resources Inc.
    Catherine Butella
    Exploration Manager
    (519) 940-4870
    (519) 940-4871 (FAX)
    info@eastmain.com
    www.eastmain.com