7Toronto, Ontario, November 06, 2017 - Eastmain Resources Inc. (“Eastmain” or the “Company”- TSX:ER; OTCQX:EANRF) is pleased to announce initial drilling results from 6 holes (3,738 m) of a 15,000 m extension drilling program at the Eau Claire deposit targeting the 400 – 850 m vertical depth levels, located on the 100%-owned Clearwater Project in the emerging James Bay gold camp (see FIGURES 1, 2).
- · Interpreted extension of the HGS-02 vein by 135 m downdip (ER17-803 - vertical depth 550 m) and 50 m to the east (ER17-793 - vertical depth 400 m)
o ER17-803 - 8.7 g/t Au over 11.8 m; incl. 14.0 g/t Au over 5.0 m and a second interval of 6.3 g/t Au over 12 m incl. 13.5 m over 3.5 m
o ER17-793 – 4.31 g/t Au over 11.4 m incl. 10.9 g/t Au over 3.3 m
- · HGS veins extend below the known limits of the deposit’s defined resources
- · QT vein intercepts also confirm continuity of this style of mineralization at depth
|Type||Drill Hole||From||To||Interval||Gold Assay||Vertical Depth (m)3||Zone|
- Intervals are presented in core length; true width will vary depending on the intersection angle of the hole with the targeted zone. Holes are generally planned to intersect vein structures as close perpendicular as possible and true widths are estimated to be 75%-85% of downhole widths. However, holes reported in this press release have been drilled obliquely to veins and true widths are estimated to be in the range of 50% of core length.
- For known mineralized zones, intervals are based on geological observations and limited compositing of veins. Assays presented are not capped. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time.
- Vertical depth is measured from the surface to the mid-point of the reported interval.
- ..... High Grade Schist vein intercepts
|Zone||Hole ID||Azimuth||Dip||UTM Coordinates||Elevation||Hole Length|
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 Éléonore South Joint Venture.
For more information:
Claude Lemasson, President and CEO
Joseph Fazzini, CFO and VP Corporate Development
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.