Welcome!

News Feed Item

Eastmain Resources Inc.: Clearwater Project-Eau Claire Gold Deposit

Hole 520 - 9.69 g/t Au and 15.88 g/t Te over 10.0 metres

TORONTO, ONTARIO -- (Marketwired) -- 02/05/14 -- Eastmain Resources Inc. (TSX: ER) announces more drill assay results from 2013 drilling on its wholly-owned Clearwater Project, located in the James Bay region of Quebec. Assay highlights from drill holes 513 to 531, include 38 intersections with an average grade of 15.8 g/t Au and 22.2 g/t Te over an average thickness of 3.83 metres. Multiple, exceptional gold-bearing intersections, with respect to both grade and thickness, were intersected in these drill holes.

2013 drilling focused on delineation of the upper 300 metres of the 450 West Zone, resulting in 122 gold-bearing intersections, with an average grade of 10.8 g/t Au and 14.1 g/t Te over an average width of 4.25 metres. Sixty-six gold-bearing intercepts from 2013 drilling have an average grade of 15.46 g/t Au and 20.65 g/t Te across an average thickness of 5.50 metres, confirming the high-grade character of the Eau Claire gold deposit. These intersections exceed the current cut-off parameters for the Eau Claire deposit resource.

450 West Zone Drill Highlights

The 2013 drill program was successful in confirming both lateral and vertical continuity of the Eau Claire gold-quartz-tourmaline vein system, while delineating thicker, higher-grade gold zones within the deposit. A complete summary of significant assay results from holes 513 to 531 is listed and illustrated on our website (see News Releases - Feb 5, 2014 Table 1). Highlights from five exceptional drill holes are listed in Table 1 below. These comprise thick gold-bearing intervals of up to 10 metres in width with grades of up to 9.69 g/t Au (hole 520), and bonanza feeder-vein intersections of up to 131.48 g/t Au over two metres, which includes a half-metre interval of up to 257.0 g/t Au (hole 524).

2013 drilling also delineated 39 quartz-tourmaline feeder veins with an average grade of 24.7 g/t Au and 32.4 g/t Te over an average thickness of 1.73 metres. A number of wider gold-bearing zones, such as the interval of altered and mineralized host rock containing an average of grade 8.25 g/t Au over 9.0 metres in hole 522, were intersected during the program. This interval was also crosscut by three 0.5-metre-wide, high-grade feeder veins grading 21.8, 32.8 and 65.6 g/t Au respectively. The 10-metre-wide F Vein found in drill hole 520 was also enriched with very high-grade feeder-vein material ranging from 31.6 to 58.9 g/t gold. Assay data is pending for three remaining holes (532 to 534).

According to Dr. Robinson, "It has been our thesis that increasing the drill density at Eau Claire would not only better define the gold-grade distribution, but show an increase in the overall metal endowment of the deposit. Our 2013 definition drill program supports this thesis. By decreasing drill spacing from 100- by 100-metre centres to 25- by 50-metre centres, we have not only better defined the continuity of gold mineralization within the deposit area, but have also intersected a number of exceptionally wide and high-grade zones, which were previously unknown."

Logging and sampling is in progress for the final three drill holes, CW13-532 to 534. Upon completion, results will be integrated into a revised geological model. Drill holes 501 and 524 - 10.94 g/t Au over 12.0 metres and 131.48 g/t Au over 2.0 metres respectively - will be on display at the PDAC Core Shack March 2 and 3, booth 5026, 700 Level, Metro Toronto Convention Centre South Building.

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.

Table 1: Assay Highlights


----------------------------------------------------------------------------
                 From         To     Length         Au         Te
Hole ID            (m)        (m)      (m(i))     (g/t)      (g/t)   VEIN ID
----------------------------------------------------------------------------
ER13-520        230.5      240.5      10.00       9.69      15.88          F
----------------------------------------------------------------------------
      incl.     237.5      240.0       2.50      32.28      55.01
----------------------------------------------------------------------------
ER13-521        249.0      251.0       2.00      59.44      89.67          F
----------------------------------------------------------------------------
      incl.     250.5      251.0       0.50     217.00     326.00
----------------------------------------------------------------------------
ER13-522        265.0      274.0       9.00       8.25      11.53         G1
----------------------------------------------------------------------------
      incl.     265.5      266.0       0.50      65.60      95.10
----------------------------------------------------------------------------
      incl.     272.5      273.0       0.50      21.80      29.00
----------------------------------------------------------------------------
      incl.     273.5      274.0       0.50      32.80      41.50
----------------------------------------------------------------------------
ER13-524        256.5      258.5       2.00     131.48     224.75          F
----------------------------------------------------------------------------
      incl.     256.5      257.0       0.50      25.50      31.50
----------------------------------------------------------------------------
      incl.     257.0      257.5       0.50     163.00     305.00
----------------------------------------------------------------------------
      incl.     257.5      258.0       0.50     257.00     430.00
----------------------------------------------------------------------------
      incl.     258.0      258.5       0.50      80.40     132.50
----------------------------------------------------------------------------
ER13-525        220.5      222.0       1.50      53.58      61.54          D
----------------------------------------------------------------------------
      incl.     221.0      221.5       0.50     153.00     174.00
----------------------------------------------------------------------------
Note: (i) Vein thickness approximates true width;
      (g/t) - grams per tonne;
      (m) - metres
----------------------------------------------------------------------------

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 Eleonore 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
UpGuard has become a member of the Center for Internet Security (CIS), and will continue to help businesses expand visibility into their cyber risk by providing hardening benchmarks to all customers. By incorporating these benchmarks, UpGuard's CSTAR solution builds on its lead in providing the most complete assessment of both internal and external cyber risk. CIS benchmarks are a widely accepted set of hardening guidelines that have been publicly available for years. Numerous solutions exist t...
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Unless your company can spend a lot of money on new technology, re-engineering your environment and hiring a comprehensive cybersecurity team, you will most likely move to the cloud or seek external service partnerships. In his session at 18th Cloud Expo, Darren Guccione, CEO of Keeper Security, revealed what you need to know when it comes to encryption in the cloud.
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
StackIQ has announced the release of Stacki 3.2. Stacki is an easy-to-use Linux server provisioning tool. Stacki 3.2 delivers new capabilities that simplify the automation and integration of site-specific requirements. StackIQ is the commercial entity behind this open source bare metal provisioning tool. Since the release of Stacki in June of 2015, the Stacki core team has been focused on making the Community Edition meet the needs of members of the community, adding features and value, while ...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
The competitive landscape of the global cloud computing market in the healthcare industry is crowded due to the presence of a large number of players. The large number of participants has led to the fragmented nature of the market. Some of the major players operating in the global cloud computing market in the healthcare industry are Cisco Systems Inc., Carestream Health Inc., Carecloud Corp., AGFA Healthcare, IBM Corp., Cleardata Networks, Merge Healthcare Inc., Microsoft Corp., Intel Corp., an...
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...