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Eastmain Resources Inc.

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Summary

Project:

Clearwater

Deposit:Eau Claire
Location:Canada
Commodities:Gold
Date:3/29/2017
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:29-3-2017: Eastmain Resources Inc. announces an Exploration/Drilling Update report for its Eau Claire deposit at the Clearwater project. Drilling results incl. 6.2m @ 14.1g/t Au from 38.9m. Eastmain Resources Inc. (“Eastmain” or the “Company”- TSX:ER) is
Resources:(Resource, M+I): 7.225Mt @ 4.09g/t Au for 951000oz Au contained at Eau Claire
CP/QP:[Overall Report]: William McGuinty (Internal)
ABSTRACT:Eastmain Resources Inc. (“Eastmain” or the “Company”- TSX:ER) is pleased to announce new assay results from its 55,700 m mineral resource definition drill program at the Eau Claire deposit, located in James Bay, Quebec (see FIGURES 1-5). The Company’s 100%-owned Clearwater Project hosts the Eau Claire gold deposit. Assay results are from 24 infill and step-out drill holes (6,680 m), from five drill rigs working at various points within the 450W Zone that continue to test continuity within the deposit, while helping define the limits of an open pit and shallow underground mining concept. A total of 118 exploration and infill drill holes (35,200 m) have been reported since the program began in late August 2016, with a total of 51,178 m having been drilled to date. Completion of the resource definition drill program is expected mid-April. Claude Lemasson, Eastmain’s President & CEO commented, “As our drill program is now 63% reported and 92% drilled, these results further reinforce the current drill database for our updated mineral resource estimate around mid-year. With significantly more information, we expect these results to underpin technical work in preparation for a Preliminary Economic Assessment which we expect to complete around year-end. Current drilling is focused on enhancing our current resource model on which we can begin to define economic parameters. We are currently in the planning phase for the 2H2017 growth-focused program which will aim at increasing Clearwater’s resources by assessing size and depth potential for both Eau Claire and surrounding targets.”

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