Eastmain Reports Final Phase 2 Drilling Results from Eleonore South JV; Intersects 6.61 g/t Au over 3.0 m
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 05/30/17 -- Eastmain Resources Inc. ("Eastmain" or the "Company")(TSX: ER) announces the receipt of results for the final five (5) holes of the Phase 2 drill program on the Eleonore South Joint Venture ("ESJV") Property, in James Bay, Quebec (see , and Table 1 below). These assays represent the completion of the 2016-2017 drilling program (26 holes - 5,243 m). The results from the Phase 1 (see PR dated , ) and Phase 2 (see PR dated ) programs are being used by the JV partners to plan the next stage of drilling and field activities on the property.
The recently completed program focused on tonalite-hosted gold mineralization hosted in a 2.5 km x 0.5 km southwest trending segment of a longer 4 km by 0.5 km corridor along a tonalite-metasedimentary rock contact found within the property. Drilling principally tested the tonalite intrusion near its contact with metasedimentary rocks. The preliminary interpretation for this gold-bearing system is that of a late-stage hydrothermal-magmatic phase directly related to the tonalitic intrusion. Of the 24 holes drilled within this corridor in the 2016-2017 drilling program, all holes intercepted mineralization (see for cross sections).
Claude Lemasson, Eastmain President and CEO commented, "The 2016-2017 drilling results represent a successful program into this new prospective corridor. Each drill hole is encountering mineralization, as is demonstrated by the attached cross-sections showing its context and significance. We look forward to the follow-up exploration and drilling campaign, which we believe will continue to establish the JV property''s strong potential, only 12 km south-east of Goldcorp''s Eleonore Gold Mine."
The final 5 holes, including ES17-70 (6.61 g/t Au over 3.0 m), were positioned in the central portion of the 2.5 km corridor segment, 700 to 1,300 m southwest of ES17-64 (4.9 g/t Au over 45.0 m - see PR dated ).
Diamond drilling results
Table 1: Significant Highlights from the Eleonore South JV Drilling
Table 2: Drill Hole Location Information
Analytical Protocol
Drill core samples were sent to ALS Minerals in Val-d''Or, Quebec. Gold was analyzed by fire assay with atomic absorption and with gravimetric finish for grades above 3.0 g/t Au. Samples were also analyzed for a 48-element suite using ICP. Azimut applied industry-standard QA/QC procedures to the program. Certified reference materials, blanks and field duplicates were inserted in all drill core shipments to the laboratory.
About the ESJV Property
The Eleonore South Property is being explored as a three-way Joint Venture between Eastmain Resources Inc. (36.7%), Azimut Exploration Inc. (TSX VENTURE: AZM) (26.6%), and Les Mines Opinaca Ltee ("Opinaca") (36.7%), a wholly-owned subsidiary of Goldcorp Inc. (TSX: G)(NYSE: GG). Azimut is the operator of the current program.
This press release and information provided by the operator of the Eleonore South JV, was reviewed by William McGuinty, P. Geo., Eastmain''s VP Exploration and a Qualified Person under National Instrument 43-101.
To view FIGURES 1-5, please click on the following link:
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:
Eastmain Resources Inc.
Claude Lemasson
President and CEO
+1 647-347-3765
Eastmain Resources Inc.
Alison Dwoskin
Manager Investor Relations
+1 647-347-3735
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 30.05.2017 - 04:30 Uhr
Sprache: Deutsch
News-ID 1506334
Anzahl Zeichen: 2888
contact information:
Contact person:
Town:
TORONTO, ONTARIO
Phone:
Kategorie:
Mining & Metals
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 263 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Eastmain Reports Final Phase 2 Drilling Results from Eleonore South JV; Intersects 6.61 g/t Au over 3.0 m
"
steht unter der journalistisch-redaktionellen Verantwortung von
Eastmain Resources Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
