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Eastmain Resources Inc.
Summary
| Project: | Eastmain Mine | |
|---|---|---|
| Deposit: | Eastmain Mine | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-1-2018: Eastmain Resources Inc. announces a Resource Estimation report for its Eastmain Mine deposit at the Eastmain Mine project. Initial Ni 43-101 Mineral Resource Estimate at Eastmain Mine. Toronto, Ontario, January 9, 2018 - Eastmain Resources Inc. | |
| Resources: | (Resource): 899kt @ 8.19g/t Au (Ind.) and 579kt @ 7.48g/t Au (Inf.) at project | |
| CP/QP: | [Resources]: Eugene Puritch (P&E Mining Consultants Inc.) | |
| ABSTRACT: | Toronto, Ontario, January 9, 2018 - Eastmain Resources Inc. (“Eastmain” or the “Company”- TSX:ER, OTCQX:EANRF) reports results of its first NI 43-101 Mineral Resource Estimate for the 100%-owned Eastmain Mine Project, located in the Otish Mountains region, James Bay, Québec (see FIGURE 1). The new Mineral Resource Estimate demonstrates the high average gold grade of the Eastmain Mine mineralization and consistency with historic interpretation and Mineral Resource Estimates. (see TABLES 1 to 4 and FIGURES 1 to 6). The new Mineral Resource Estimate is built from historic information developed by previous operators and the inclusion of 26 drill holes completed by Eastmain within the Deposit’s Mineral Resource domains, of which seven were specifically drilled as verification holes in 2017. Claude Lemasson, Eastmain Resources President and CEO, stated: “The game changer for the Eastmain Mine Project was the construction of the new road (Route 167 Nord) under Quebec’s Plan Nord about 3 years ago, providing allseason access to our property. This infrastructure has allowed us to re-evaluate the potential of this former producer, reassess the historic Mineral Resource Estimate and initiate an extensive exploration program. We have established that the robust high-grade nature of the Deposit will limit sensitivity to gold price fluctuation. With additional verification drill holes, we are confident that we will be able to convert more Inferred Mineral Resources to the Indicated Mineral Resource category. The historic on-site infrastructure, including a ramp to the shallow mining areas, provides an advantageous head-start for advanced exploration.” | |
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