Eastmain Resources Inc.
TSX : ER

Eastmain Resources Inc.

January 13, 2011 13:12 ET

Eastmain Mine Drilling 16.32 Grams Gold Per Tonne Over 5.5 Metres Incl. 101 Grams Gold Per Tonne Over 0.5 Metres

TORONTO, ONTARIO--(Marketwire - Jan. 13, 2011) - Eastmain Mines Inc., a wholly-owned subsidiary of Eastmain Resources Inc. (TSX:ER), announces assay results for the 2010 drill program completed on its Eastmain Mine property, located in James Bay, Quebec. Significant multi-gram gold-silver-copper mineralization was intersected in each of the A, B and C Zones within the Eastmain Mine deposit (Table 1).

Highlights from the B Zone include: 12.16 grams gold per tonne over 9.5 metres in hole EM10-28; 18.75 grams gold per tonne over 2.0 metres in hole EM10-29; 16.27 grams gold per tonne over 1.5 metres in hole EM10-36 and 16.32 grams gold per tonne over 5.5 metres in hole EM10-38, which includes a 3.5-metre interval of 25.16 grams gold per tonne plus 0.58% copper and 101 grams gold over a half metre.

Significant intersections within the A Zone include: 7.51 grams gold per tonne over 7.83 metres (hole EM10-04); 3.33 grams gold per tonne over 7.6 metres in hole EM10-19 and a 3.5-metre interval in hole EM10-22 containing 1.2 grams gold per tonne plus 1.54% copper. Drill hole EM10-46 intersected 16.8 grams gold over 0.5 metres within the C Zone, while wide zones of anomalous gold were discovered on the property five kilometers northwest of the deposit area, in drill holes EM10-12 and 13.

Forty-six drill holes totaling 14,584 metres were completed during the 2010 program to expand the known limits of the A, B and C Zones laterally and vertically within the Eastmain deposit, to define controls on gold mineralization, and to test the "mine horizon" regionally on the property. The three designated zones of the Eastmain Mine deposit (A, B and C) have a known mineralized footprint extending for a length of 1.8 kilometres, to a vertical depth of 300 metres. However, the favourable mine trend has been delineated for more than 10 kilometres across the property.

A minimum $3-million exploration program has been allocated to the project for 2011, commencing with a 6,750-metre winter diamond drill program targeting the extension of known deposit mineralization.

Dr. Donald J. Robinson, President and CEO of Eastmain stated, "The Corporation owns two high-grade gold deposits within the James Bay district of Quebec, one of the most favourable mining districts in the world. The Eastmain Mine project is an excellent high-grade, polymetallic gold deposit with multi-million ounce gold potential. Our strategy is to expand the known gold resources through drilling and continue searching for another discovery along the mine trend." 

Dr. Donald J. Robinson P.Geo, is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. Chemical analysis for the drilling was completed by ALS CHEMEX Laboratories using a 50-gram split for multi-element and gold ICP analysis. Samples grading over 500 ppb are analyzed by fire assay techniques with and atomic absorption finish. Samples greater than 10 grams are then fire-assayed with a gravimetric finish. Internal standards provided by an independent company and blank samples were inserted for quality control purposes. Assay samples are taken from NQ core, sawed in half along the core axis; one half is sent to ALS Laboratories and the other half retained for future reference.

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 has $24 Million in working capital and holds an interest in 12 projects within the James Bay District, including the Éléonore South property, which is contiguous with the property hosting Goldcorp's Roberto deposit. Eastmain has allocated a budget of $9 million for gold exploration in Québec for 2011.

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.

Table 1. 2010 Eastmain Mine Drill Assay Highlights
               
Hole ID Zone From To Length Au Ag Cu
    metres g/t g/t %
               
EM10-02 A Zone 321.49 327.48 5.99 1.46 6.04 0.06
               
EM10-03 A Zone 280.70 287.14 6.44 4.30 4.46 0.14
  incl.   281.53 285.00 3.47 7.54 8.28 0.76
               
EM10-04 A Zone 320.32 328.15 7.83 7.51 3.64 0.23
  incl.   320.32 324.25 3.93 14.29 1.64 1.03
               
EM10-12 3800W/250S 146.18 154.19 8.01 0.57 0.78 0.16
    173.10 181.95 8.85 0.89 4.93 0.14
               
EM10-13 3790W/450S 136.61 137.40 0.79 11.40 2.15 0.59
    239.72 240.30 0.58 7.76 25.80 0.12
    244.39 249.85 5.46 1.84 2.47 0.09
               
EM10-17 A Zone 240.50 241.00 0.50 11.70 1.91 0.02
               
EM10-19 A Zone 353.50 361.10 7.60 3.33 5.41 0.18
  incl.   354.50 359.00 4.50 4.94 7.89 0.26
               
EM10-22 A Zone 393.00 396.50 3.50 1.20 10.04 1.54
               
EM10-28 B Zone 217.50 227.00 9.50 12.16 15.68 0.19
    223.00 226.50 3.50 21.58 27.83 0.24
               
EM10-29 B Zone 178.00 178.50 0.50 5.04 2.20 0.08
    188.20 188.70 0.50 7.96 14.05 0.18
    204.70 206.70 2.00 18.75 12.23 0.95
  incl.   204.70 205.70 1.00 37.05 24.10 1.89
               
EM10-30 B Zone 208.00 210.50 2.5 3.04 2.46 0.13
  incl.   208.50 209.00 0.5 12.70 4.45 0.11
               
EM10-33 B Zone 322.50 324.00 1.5 4.21 3.18 0.07
               
EM10-36 B Zone 239.00 239.50 0.5 39.40 7.93 0.08
    244.00 245.50 1.5 16.27 2.03 0.04
               
EM10-37 B Zone 174.00 175.50 1.5 3.20 4.07 0.11
               
EM10-38 B Zone 33.50 39.00 5.5 16.32 13.13 0.37
  incl. 33.50 37.00 3.5 25.16 19.64 0.58
  incl. 34.50 35.00 0.5 101.00 19.00 0.14
               
EM10-43 B Zone 321.00 322.50 1.5 3.14 7.86 0.38
               
EM10-45 C Zone 143.40 143.90 0.5 9.53 1.38 0.00
               
EM10-46 C Zone 187.80 188.30 0.5 16.80 1.13 0.04

Contact Information

  • Eastmain Resources Inc.
    Dr. Donald J. Robinson
    President
    (519) 940-4870
    (519) 940-4871 (FAX)
    or
    Eastmain Resources Inc.
    Catherine Butella
    Exploration Manager
    (519) 940-4870
    (519) 940-4871 (FAX)
    info@eastmain.com
    www.eastmain.com