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
Is advanced scheduling in Kubernetes achievable? Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, will answer these questions and demonstrate techniques for implementing advanced scheduling. For example, using spot instances ...
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
First generation hyperconverged solutions have taken the data center by storm, rapidly proliferating in pockets everywhere to provide further consolidation of floor space and workloads. These first generation solutions are not without challenges, however. In his session at 21st Cloud Expo, Wes Talbert, a Principal Architect and results-driven enterprise sales leader at NetApp, will discuss how the HCI solution of tomorrow will integrate with the public cloud to deliver a quality hybrid cloud e...
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
SYS-CON Events announced today that Nihon Micron will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Nihon Micron Co., Ltd. strives for technological innovation to establish high-density, high-precision processing technology for providing printed circuit board and metal mount RFID tags used for communication devices. For more inf...
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...