Eastmain Resources Drilling at Clearwater Continues to Confirm and Extend Mineralization
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 12/01/16 -- Eastmain Resources Inc. ("Eastmain" or the "Company") (TSX: ER) is pleased to announce additional assay results from its ongoing, 63,300 m drill program at the Clearwater Project, which includes the Eau Claire deposit, in James Bay, Quebec (see ).
These results are from 23 holes (6,225 m) of drilling for a total of 32 holes (9,228) m to date. A summary of significant assay results and drilling data are presented in Tables 1, 2 and 3 below.
Highlights include:
Claude Lemasson, Eastmain President and CEO commented, "Our ongoing drill programs continue to showcase encouraging results on a number of fronts. Firstly, our infill results continue to reinforce our existing mineral resource through tighter drill spacing which assists in modelling our mineralized structures. Meanwhile, step-out drilling to the east continues to return positive results indicating potential for future mineral resource growth. Lastly, our Snake Lake results demonstrate more near surface mineralization within 2 km of Eau Claire, and support our thesis for potential satellite deposits."
DRILLING RESULTS - EAU CLAIRE
Eastmain is reporting on the second set of drilling results which includes 15 infill drill holes (4,353 m). To date, a total of 23 holes (7,125 m) of drilling have been reported with assays pending on an additional 23 holes (7,950 m), within the planned 55,700 m (180 hole) Eau Claire drill program. See press release dated for initial results.
Drilling at Eau Claire continues to infill the current resource area while testing new targets beyond the known resource envelope. Infill drilling has focused on tightening nominal drill spacing to approximately 25 m within the resource area. This tighter drill spacing provides key information for future consideration of underground exploration and development. This increased information will also provide a foundation for the upcoming Preliminary Economic Assessment scheduled for completion in late 2017, on the back of an updated resource estimate in 2Q 2017.
A fourth drill is expected at Eau Claire by the end of the year, in order to accelerate the overall exploration program.
DRILLING RESULTS - SNAKE LAKE
Eastmain is reporting on the second set of drilling results which includes 8 exploration drill holes (1,872 m). A total of 9 holes (2,103 m) are now complete with assays pending on the final 11 drill holes (2,400 m) at the Snake Lake Target.
The Snake Lake Target is located 1.8 km east from the Eau Claire Deposit, along the Clearwater Deformation Zone. Drilling continues to return encouraging near-surface gold results, with similar quartz-tourmaline related gold mineralization to the Eau Claire deposit. Additionally, gold mineralization in altered basalt flows and interlayered tuffs with sulphide mineralization of up to 15% has been intersected in several holes. All drilling to date encountered mineralization within 169 m from surface, with the vast majority being in the first 100 m.
GOLD MINERALIZATION - EAU CLAIRE
Gold mineralization at the Eau Claire gold deposit is generally located within structurally-controlled, high-grade en-echelon quartz-tourmaline veins and adjacent altered rocks. The vein system is predominantly hosted within a thick sequence of massive and pillowed mafic volcanic flows, interbedded with narrow intervals of volcaniclastic sedimentary rocks. Both flows and sediments have been intruded by multiple phases of felsic and porphyry dykes. Host rocks have been folded and deformed (sheared) through several deformation events. The gold bearing veins may occur as thin fracture fill with tourmaline and develop along an easterly strike and a southerly dip (450W zone) into thick quartz-tourmaline veins with zoned tourmaline+/-actinolite+/-biotite+/-carbonate alteration halos which can measure up to several metres in thickness.
GOLD MINERALIZATION - SNAKE LAKE
Gold mineralization at the Snake Lake occurrence is similar to the Eau Claire deposit. Quartz tourmaline veins are hosted within a thick sequence of basalt flows, tuffs and interbedded metasedimentary rocks which have been intruded by felsic dykes. As at Eau Claire, the entire sequence has been heavily deformed and sheared resulting in development of a deformation zone with strong and extensive foliation and local shearing. Significant zones of sulphide mineralization (pyrite, pyrrhotite, +/- arsenopyrite +/- chalcopyrite) are also reporting gold mineralization within the deformation zone.
Table 1: Eau Claire: Summary of Drilling Results
Table 2: Snake Lake: Summary of Drilling Results
Table 3: Hole Location Information
The design of the Eastmain Resources'' drilling programs, Quality Assurance/Quality Control and interpretation of results is under the control of Eastmain''s geological staff, including qualified persons employing a strict QA/QC program consistent with NI 43-101 and industry best practices. The Clearwater project is supervised by Eastmain''s Project Geologist, Michel Leblanc P. Geo.
Drill core is logged and split with half-core samples packaged and delivered to ALS Minerals laboratory. Samples are dried and subsequently crushed to 70% passing a 2 mm mesh screen. A 1000 gram subsample is pulverized to a nominal 85% passing 75 micron mesh screen. The remaining crushed sample (reject) and pulverized sample (pulp) are retained for further analysis and quality control. All samples are analysed by Fire Assay with an Atomic Absorption (AA) finish using a 50 gram aliquot of pulverized material. Assays exceeding 5 g/t Au are re-assayed by Fire Assay with a Gravimetric Finish. Eastmain regularly inserts 3rd party reference control samples and blank samples in the sample stream to monitor assay performance and performs duplicate sampling at a second certified laboratory. For 2016, approximately 10% of samples submitted are part of the Company''s laboratory sample control protocols.
This press release was compiled and approved by William McGuinty, P. Geo., Eastmain''s VP Exploration and Qualified Person under National Instrument 43-101.
About Eastmain Resources Inc. (TSX: ER)
Eastmain is a Canadian exploration company with 100% interest in the Eau Claire and Eastmain Mine gold deposits, both of which are located within the James Bay District of Quebec. Clearwater, host of the Eau Claire deposit, is the Company''s core asset with access to superior infrastructure in a favourable mining jurisdiction. Eastmain also holds a pipeline of exploration projects in this new Canadian mining district, including being a partner in the Eleonore South Joint Venture.
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. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or timing of future plans, and include, but not limited to, statements with respect to the potential success of the Company''s future exploration and development strategies. 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, the availability of financing, timely completion of proposed studies and technical reports, and risks associated with the exploration, development and mining industry generally such as economic factors as they affect exploration, future commodity prices, changes in interest rates, safety and security, political, social or economic developments, environmental risks, insurance risks, capital expenditures, operating or technical difficulties in connection with development activities, personnel relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of Mineral Resources, contests over property title, and changes in project parameters as plans continue to be refined. 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. The Company assumes no obligation to update such information, except as may be required by law.
Contacts:
Claude Lemasson
President and CEO
+1 647-347-3765
Alison Dwoskin
Manager Investor Relations
+1 647-347-3735
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Datum: 01.12.2016 - 05:30 Uhr
Sprache: Deutsch
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