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.

Contacts:
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)
[email protected]
www.eastmain.com

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
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and Bi...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Serveless Architectures brings the ability to independently scale, deploy and heal based on workloads and move away from monolithic designs. From the front-end, middle-ware and back-end layers, serverless workloads potentially have a larger security risk surface due to the many moving pieces. This talk will focus on key areas to consider for securing end to end, from dev to prod. We will discuss patterns for end to end TLS, session management, scaling to absorb attacks and mitigation techniques.
Contextual Analytics of various threat data provides a deeper understanding of a given threat and enables identification of unknown threat vectors. In his session at @ThingsExpo, David Dufour, Head of Security Architecture, IoT, Webroot, Inc., discussed how through the use of Big Data analytics and deep data correlation across different threat types, it is possible to gain a better understanding of where, how and to what level of danger a malicious actor poses to an organization, and to determin...
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
CI/CD is conceptually straightforward, yet often technically intricate to implement since it requires time and opportunities to develop intimate understanding on not only DevOps processes and operations, but likely product integrations with multiple platforms. This session intends to bridge the gap by offering an intense learning experience while witnessing the processes and operations to build from zero to a simple, yet functional CI/CD pipeline integrated with Jenkins, Github, Docker and Azure...
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, sha...
Containers, microservices and DevOps are all the rage lately. You can read about how great they are and how they’ll change your life and the industry everywhere. So naturally when we started a new company and were deciding how to architect our app, we went with microservices, containers and DevOps. About now you’re expecting a story of how everything went so smoothly, we’re now pushing out code ten times a day, but the reality is quite different.
"We do one of the best file systems in the world. We learned how to deal with Big Data many years ago and we implemented this knowledge into our software," explained Jakub Ratajczak, Business Development Manager at MooseFS, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Traditional IT, great for stable systems of record, is struggling to cope with newer, agile systems of engagement requirements coming straight from the business. In his session at 18th Cloud Expo, William Morrish, General Manager of Product Sales at Interoute, will outline ways of exploiting new architectures to enable both systems and building them to support your existing platforms, with an eye for the future. Technologies such as Docker and the hyper-convergence of computing, networking and...
You want to start your DevOps journey but where do you begin? Do you say DevOps loudly 5 times while looking in the mirror and it suddenly appears? Do you hire someone? Do you upskill your existing team? Here are some tips to help support your DevOps transformation. Conor Delanbanque has been involved with building & scaling teams in the DevOps space globally. He is the Head of DevOps Practice at MThree Consulting, a global technology consultancy. Conor founded the Future of DevOps Thought Leade...
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...