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Eastmain Resources Inc.
Summary
| Project: | Clearwater | |
|---|---|---|
| Deposit: | Percival | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 13-11-2018: Eastmain Resources Inc. announces an Exploration/Drilling Update report for its Percival deposit at the Clearwater project. Drilling results incl. 78.5m @ 1.465g/t Au from 16.5m. Toronto, Ontario, November 13, 2018 - Eastmain Resources Inc. (“ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William McGuinty, Carl Corriveau (Internal) | |
| ABSTRACT: | Toronto, Ontario, November 13, 2018 - Eastmain Resources Inc. (“Eastmain” or the “Company” - TSX:ER, OTCQX:EANRF) announces the discovery of a new gold mineralized zone at the Percival Prospect on the 100%-owned Clearwater Property (the “Property”) in James Bay, Québec. The Percival Prospect is located 14 km ESE of the Company’s million-ounce Eau Claire gold deposit and represents a new and distinct style of mineralization on the property. Drilling on Percival was conducted as part of Eastmain’s 2018 growth-focused exploration program. Based on the two initial holes drilled at the Percival Prospect, gold mineralization has been recognized from surface to 90 metres (“m“) vertical depth demonstrating an interpreted true thickness of 50 m while remaining open at depth and laterally (see FIGURES 1-4). Drilling is ongoing with one drill rig and assays results currently pending on two additional drill holes. The Percival Prospect, located on the 20-km long Cannard Deformation Zone, is a new hydrothermal gold system hosted in intermediate to felsic volcaniclastic rocks and represents a new style of mineralization on the Property. Drilling Highlights include: • ER18-822: 1.46 g/t Gold (“Au“) over 78.5 m (beginning at 16.5 m downhole), including 4.46 g/t Au over 8.2 m • ER18-823: 2.35 g/t Au over 87.0 m (beginning 28.0 m downhole), including 5.76 g/t Au over 6.0 m Claude Lemasson, Eastmain President and CEO, commented, “The mineralized zone at Percival represents a brand new discovery. We’re very encouraged by this shallow gold discovery which encompasses a wide mineralized zone with extension potential remaining open to the east and west, as well as at depth. With two additional holes already drilled at Percival with assay results pending, our objective is to continue drilling to expand this discovery and better understand its relationship with another Prospect, the Serendipity zone located 7 km to the north.” | |
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