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Eastmain Resources Inc.
Summary
| Project: | Eleonore | |
|---|---|---|
| Deposit: | Eleonore | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/3/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-11-2016: Eastmain Resources Inc. announces an Exploration/Drilling Update report for its Eleonore deposit at the Eleonore project. Drilling results incl. 79.1m @ 0.62g/t Au. Toronto, Ontario, November 3, 2016 - Eastmain Resources Inc. (“Eastmain” or the | |
| Resources: | (Reserve, P+P): 23.44Mt @ 6.07g/t Au for 4.57Moz Au contained | |
| CP/QP: | [Overall Report]: William McGuinty (Internal) | |
| ABSTRACT: | Toronto, Ontario, November 3, 2016 - Eastmain Resources Inc. (“Eastmain” or the “Company”- TSX:ER) is pleased to announce the reports of the Moni gold prospect channel sampling results and the first five diamond drill holes of the 12-hole Phase 1 Program (see FIGURES 1 – 4 and TABLE 1 attached). Assays are pending on the remaining seven holes. The results of the entire Phase 1 program will be used to determine the Phase 2 program expected to begin in early 2017 at the Éléonore South Joint Venture Property, in James Bay, Quebec. Gold mineralization appears to be associated with a late, magmatic intrusion-related hydrothermal system with considerable exploration potential. The prospective corridor extends over an area at least 3 to 4 km long by some 500 m wide, along the margins of a tonalite intrusion, close to or near the contact with surrounding metasediments. The association between mineralized tonalitic and pegmatitic facies over significant widths along the margins of a tonalite intrusion suggests a large-scale hydrothermal-magmatic mineralized system on the Éléonore South Property. Additional work will aim to determine the richest parts of the system. Claude Lemasson, Eastmain President and CEO commented, “Assays from initial drilling returned various zones of broad, anomalous mineralization. Identification of these zones provides useful clues of geological characteristics which will be used to further refine our geological model. As these results represent firstpass drilling, we're encouraged by the presence of wide-spread mineralization including pegmatite, similar to the Eleonore Mine. We look forward to analyzing the remaining seven Phase 1 drill holes which will be used as the basis for our Phase 2 drilling program.” | |
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