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Eastmain Resources Inc.
Summary
| Project: | Clearwater | |
|---|---|---|
| Deposit: | Eau Claire, Snake Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/24/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 24-10-2016: Eastmain Resources Inc. announces an Exploration/Drilling Update report for its Eau Claire, Snake Lake deposit at the Clearwater project. Drilling results incl. 13.5m @ 11.5g/t Au from 291.0m. Toronto, Ontario, October 24, 2016 - Eastmain Reso | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William McGuinty (Internal) | |
| ABSTRACT: | Toronto, Ontario, October 24, 2016 - Eastmain Resources Inc. (“Eastmain” or the “Company”- TSX:ER) is pleased to announce drilling results from an initial nine drill holes from its ongoing 63,300 m drill program at the Clearwater Project (See FIGURE 1). Claude Lemasson, Eastmain President and CEO commented, “The initiation of our aggressive resource definition program at Eau Claire is a significant step in advancing the project as we focus on expanding our understanding of the mineral resource. These nine holes (3,003 m) are the first few for which assays have been received, representing less than 5% of the 200+ hole (63,300 m) program currently underway. We’re encouraged by the initial results from Eau Claire and with the mineralization identified at the Snake Lake target.” EAU CLAIRE At Eau Claire, recent drilling has targeted the 450W zone from surface to a depth of 300 m (see FIGURE 2 and FIGURE 3). Step-out holes ER16-582 and ER16-585 were drilled east, 100 m and 200 m respectively , of the currently defined Eau Claire deposit. ER16-582 returned a 0.5 m interval of 5.71 g/t Au in a quartz - tourmaline vein. Additional drilling is planned to identify the upper boundary of potential resources in this area. Gold mineralization at the Eau Claire gold deposit is generally located within structurally-controlled, highgrade 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 dikes. 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. | |
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