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Eastmain Resources Inc.
Summary
| Project: | Clearwater | |
|---|---|---|
| Deposit: | Percival | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 20-12-2018: Eastmain Resources Inc. announces an Exploration/Drilling Update report for its Percival deposit at the Clearwater project. Drilling results incl. 51.9m @ 0.71g/t Au from 223.6m. TORONTO, Dec. 20, 2018 -- Eastmain Resources Inc. (“Eastmain” or | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William McGuinty, Carl Corriveau (Internal) | |
| ABSTRACT: | TORONTO, Dec. 20, 2018 -- Eastmain Resources Inc. (“Eastmain” or the “Company” - TSX:ER, OTCQX:EANRF) reports results for 5 holes (1,558 m) drilled in late 2018 at the Percival discovery (“Percival”) and presents its focused exploration program for 2019 on the 100%-owned Clearwater Property (the “Property”) in James Bay, Québec. The early 2019 exploration program will focus on testing the extent and continuity of the Percival discovery (see PR dated Nov. 13, 2018). Additionally, the program will evaluate the potential of the 14-km long Knight-Serendipity volcano-sedimentary Horizon (“KS Horizon”). Percival is located 14 km ESE of the Company’s million-ounce Eau Claire gold deposit, within the 20-km long Cannard Deformation Zone (see FIGURE 1) and within the southern leg of the KS Horizon. Percival is a hydrothermal gold system hosted in a thick metasedimentary sequence with locally interbedded intermediate to felsic volcaniclastic rocks. Results from the new drilling provide a further understanding of the mineralization controls, namely by defining lithological and structural settings, within the host stratigraphy while identifying at least two gold mineralized zones within the metasedimentary package (see FIGURES 2-6). Claude Lemasson, Eastmain President and CEO commented: “January will be a strong start to 2019 for Eastmain. With a new discovery at Clearwater and an improved geological and geophysical understanding in hand, our team is designing a focused exploration program that follows-up on our 2018 significant results. Percival represents a new style of gold mineralization on the property and we are excited to continue developing the discovery, as well as testing for new mineralization along the entire KS Horizon.” | |
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