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Eastmain Resources Inc.
Summary
| Project: | Clearwater | |
|---|---|---|
| Deposit: | Eau Claire, Snake Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-2-2017: Eastmain Resources Inc. announces an Exploration/Drilling Update report for its Eau Claire, Snake Lake deposit at the Clearwater project. Drilling results incl. 7.1m @ 17.0g/t Au from 354.4m. Eastmain Resources Inc. (“Eastmain” or the “Company”- | |
| 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 ongoing 63,300 m drill program at the Clearwater Project, located in James Bay, Quebec (see FIGURES 1-6). The Company’s 100%-owned Clearwater Project hosts the Eau Claire gold deposit, as well as the Snake Lake Target located 1.3 km to the east of Eau Claire. Claude Lemasson, Eastmain’s President & CEO commented, “With a focus on infill drilling ahead of our planned Preliminary Economic Assessment later this year, today’s results continue to demonstrate elevated gold grades and vein continuity within the shallow underground portion of the Eau Claire deposit. With results from ~1/3 of our drill program already reported and over half of our drilling completed, we’ve accumulated significant near-surface and shallow underground data which will reinforce our mineral resource update expected around mid-year.” At Eau Claire, assay results from 26 infill and step-out drill holes (8,306 m) continue to establish continuity while testing the limits of an open pit and shallow underground mining concept. Since commencing our current drill program in August, a total of 59 exploration and infill drill holes (19,542 m) have been reported. Over half (34,756 m) of our planned drill program (63,300 m) is now complete with assays pending on eleven holes. Drilling continues with 5 rigs on site and completion of the drill program expected in early Q2/2017. | |
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