Eastmain Resources Inc.
TSX : ER

Eastmain Resources Inc.

June 12, 2015 09:00 ET

Eastmain Resources Inc.: Lac Lessard Project Drilling High-Priority VTEM Targets Completed

TORONTO, ONTARIO--(Marketwired - June 12, 2015) - Eastmain Resources Inc. (TSX:ER) announced the completion of a phase-one drilling program to test highly-prospective VTEM geophysical targets at its Lac Lessard project. The program, funded by Darnley Bay Resources Ltd. (TSX VENTURE:DBL), as part of its first-year work commitment to an option agreement, whereby DBL can earn 50% of the project, consisted of 11 drill holes (1,995 metres) of heli-supported diamond drilling.

Highlights

  • 10 VTEM targets drill-tested
  • 9 of 11 drill holes intersected the Crete-du-Coq ultramafic intrusion
  • Drill hole LL15-02 intersected disseminated sulphides over 13.8 metres with semi-massive sulphides over 1.8 metres in VTEM target Mx1b
  • Assay data is pending for 728 split-core samples

10 VTEM geophysical targets coincident with the Crete-du-Coq ultramafic intrusion were tested during the drill program. Field work completed during the summer of 2014 delineated a number of areas containing disseminated sulphides, with elevated nickel-copper-PGM values within this layered ultramafic intrusion. Nine of eleven holes drilled intersected layered pyroxenite and gabbro units comprising the Crete-du-Coq intrusion. Moderate to strong rock alteration, consisting of serpentine, talc and magnetite was observed in drill core. Associated disseminated sulphides include pyrrhotite, pyrite and chalcopyrite.

Drill hole LL15-02, which tested VTEM conductor Mx1b, intersected 13.8 metres of disseminated sulphide (1 to 5% pyrrhotite, pyrite, chalcopyrite) within the ultramafic intrusion. This unit includes a 1.8-metre-wide interval ranging from 5 to 20% sulphide at a depth of 101.7 metres. 728 split-core samples have been submitted for assay; results are pending.

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.

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.

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