Eastmain Resources Inc.
TSX : ER

Eastmain Resources Inc.

November 14, 2014 09:00 ET

Eastmain Resources Inc.: Clearwater Project; Boomerang Showing Grab Sample 188 g/t Au, 828 g/t Ag, 600 g/t Te; Eau Claire Extension Channel Samples Up to 76.8 g/t Au

TORONTO, ONTARIO--(Marketwired - Nov. 14, 2014) - Eastmain Resources Inc. (TSX:ER) announces an update on channel and rock sampling recently completed at its wholly-owned Clearwater Project, located in James Bay, Quebec. Rock sampling from the Boomerang showing assayed very high gold-silver-tellurium (Au-Ag-Te) values in both vein and host rock. Surface stripping has also exposed more high-grade gold-bearing quartz tourmaline veins along the north margin of the 450 West Zone, with 0.5 metre-wide samples ranging from 2.05 to 76.8 grams per tonne (g/t) Au. The Company is preparing for a fall drill program with the objective of outlining additional gold resources outside the footprint of the Eau Claire gold deposit.

1,793 channel samples and 636 rock samples from Clearwater have been submitted for assay this season. In excess of 100 rock samples, containing anomalous gold values ranging from 0.10 to 188 g/t, occur within a mineralized system extending both east and west of the Eau Claire deposit, delineating a highly-prospective gold-enriched footprint covering 7.5 kilometres. Numerous quartz-tourmaline veins and altered zones, closely resembling those hosting the Eau Claire gold deposit, were exposed along this 7.5-km-long trend during the 2014 trenching program. This mineralized corridor is associated with a sub-parallel trending regional "crustal-scale" structural break, which runs along the southern portion of the Clearwater property and extends through several other properties held by Eastmain. Major structural breaks occur in most Archean gold camps and are thought to be closely associated with many economic gold deposits throughout the world. Assay data is pending for over a thousand channel samples.

New rock sampling in the vicinity of the Boomerang showing, located 700 metres east of Eau Claire assayed 188 g/t Au, 828 g/t Ag and 600 g/t Te in a quartz-tourmaline vein containing abundant fine grained visible gold and tellurides. The host sediment also assayed 104.5 g/t Au, 537 g/t Ag and 418 g/t Te (Table 1).

2014 surface stripping along the northern extension of the 450 West Zone has exposed multiple 0.5- to 5.0-metre-wide quartz-tourmaline veins and alteration zones. These prolific zones are generally 10- to 50-metres long and range from 1.19 g/t Au over 5.0 metre widths to 25.0 g/t Au over a width of 1.6 metres. They occur north and parallel to the very high grade P, JQ and R veins, which have been exposed for a length of 200 metres and comprise the main

450 West showing. Additional stripping to exposure potentially open-pittable resources at surface is warranted along the northern and eastern boundaries of the 450 West outcrop.

A fall diamond drill program, with the objective of locating a second 450 West Zone, lateral to the Eau Claire gold deposit, is expected to begin before the end of the month.

QP and Quality Control

Dr. Donald J. Robinson P. Geo, President and Chief Executive Officer of Eastmain, Qualified Person under National Instrument 43-101 reviewed and approved the scientific and technical data presented in this press release. Dr. Robinson has supervised the work programs on the Company's properties, visited the properties on multiple occasions, examined outcrops, drill core and trenched areas, reviewed results with on-site geological staff and reviewed both the analytical and quality control results.

Eastmain conducts a quality control program for all of its exploration work, to ensure best practices in the industry from sample shipment and preparation to data collection and analyses. Internal standards provided by an independent company and blank samples are inserted for quality control purposes. Chemical analysis was completed by ALS CHEMEX Laboratories. A 50-gram split of each sample is analyzed using multi-element ME-MS, gold ICP, AA, Fire Assay and gravimetric techniques.

About Eastmain Resources Inc. (TSX:ER) Eastmain is a Canadian exploration company with 100% interest in the Eau Claire and Eastmain gold deposits, both of which are located within the James Bay District of Quebec. Eau Claire, our core asset, has superior infrastructure within a favourable jurisdiction and is royalty free. The Corporation also holds a pipeline of exploration projects in this new Canadian mining district.

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. Clearwater Project ‐ 2014 Channel and Rock Sample Highlights
SAMPLE_ID Au
g/t
Ag
g/t
Te
g/t
Length
(m)
TARGET ID EASTING NORTHING
Q810296 16.25 3.80 22.40 0.50 450W‐JQ56c 444,299 5,785,472
Q810360 2.99 0.47 2.82 0.50 450W‐JQ59b 444,278 5,785,466
Q810361 6.64 1.21 6.81 0.50 450W‐JQ59c 444,278 5,785,466
Q810367 2.05 0.55 2.94 0.50 450W‐JQ60c 444,277 5,785,466
Q810255 2.50 0.91 3.84 0.50 450W‐NE‐2a 444,384 5,785,467
Q810256 4.15 1.72 5.73 0.50 450W‐NE‐2b 444,384 5,785,468
Q810232 14.60 2.46 10.05 0.50 450W‐R255f 444,363 5,785,474
Q810211 4.96 1.38 6.68 0.50 450W‐S10f 444,370 5,785,491
Q810217 5.57 0.77 7.13 0.50 450W‐S10l 444,370 5,785,494
Q810203 20.20 7.04 28.70 0.50 450W‐S11c 444,373 5,785,490
Q810224 2.19 0.32 2.03 0.50 450W‐S5b 444,355 5,785,489
Q810168 76.80 22.40 85.60 0.50 450W‐S5c 444,355 5,785,489
Q810171 10.75 3.67 21.20 0.50 450W‐S6a 444,356 5,785,489
Q810180 4.51 0.75 7.21 0.70 450W‐S6i 444,357 5,785,490
Q810181 3.03 0.38 5.70 0.40 450W‐S6j 444,357 5,785,490
Q810192 7.38 1.41 10.30 0.50 450W‐S7d 444,359 5,785,491
Q810196 2.62 1.19 4.45 0.70 450W‐S7h 444,359 5,785,492
Q197769 2.29 0.81 2.39 0.50 CL 448,397 5,785,450
Q216618 62.40 0.67 0.54 0.50 CL 448,454 5,785,065
Q216620 21.50 0.65 0.19 0.50 CL 448,452 5,785,065
Q216621 15.30 1.32 0.31 0.50 CL 448,453 5,785,065
Q804371 2.86 0.72 2.75 0.50 EC 445,223 5,785,271
Q804375 3.20 1.70 4.62 0.50 EC 445,245 5,785,302
Q197913 8.22 3.91 18.05 1.00 EC 445,797 5,785,579
Q197850 188.00 828.00 600.00 GB BM 445,053 5,785,483
Q197967 13.65 4.78 200.00 GB BM 445,864 5,785,521
Q197998 22.20 3.84 20.70 GB BM 444,718 5,785,239
Q804601 104.50 537.00 418.00 GB BM 445,053 5,785,483
Q197658 10.2 0.94 1.16 GB CL 448,455 5,785,071
Q216617 6.41 0.33 0.63 GB CL 448,452 5,785,066
Q197861 7.69 1.46 13.20 GB EC 444,833 5,785,270
Q197865 7.95 1.36 13.70 GB EC 444,699 5,785,247
Q197867 30.00 3.75 36.00 GB EC 444,824 5,785,377
Q197872 5.30 1.65 6.47 GB EC 444,665 5,785,275
Q197873 8.19 1.00 9.04 GB EC 444,828 5,785,274
Q197891 76.60 19.85 113.50 GB EC 444,953 5,785,302
Q197892 7.40 2.26 10.10 GB EC 444,955 5,785,305
Q197894 22.60 2.33 24.30 GB EC 444,616 5,785,235
Q197896 9.16 1.92 15.55 GB EC 444,571 5,785,280
Q197898 17.00 3.70 21.10 GB EC 444,562 5,785,274
Q197960 29.80 3.94 29.10 GB EC 444,825 5,785,163
Q197983 9.93 0.91 6.29 GB EC 445,059 5,785,368
Q197996 25.10 6.52 27.60 GB EC 444,668 5,785,276
Notes: 450W ‐ 450 West Zone; EC ‐ Eau Claire deposit area; BM ‐ Boomerang area; CL ‐ Clovis area;
GB ‐ grab rock sample

Contact Information

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

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