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Eastmain Resources Inc.
Summary
| Project: | Clearwater | |
|---|---|---|
| Deposit: | Percival | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/25/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 25-2-2019: Eastmain Resources Inc. announces an Exploration/Drilling Update report for its Percival deposit at the Clearwater project. Drilling results incl. 52.7m @ 1.86g/t Au from 1.3m. TORONTO--(BUSINESS WIRE)--February 25, 2019--Eastmain Resources Inc | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William McGuinty (Internal) | |
| ABSTRACT: | TORONTO--(BUSINESS WIRE)--February 25, 2019--Eastmain Resources Inc. (“Eastmain” or the “Company” - TSX:ER, OTCQX:EANRF) is pleased to report results for the first two drill holes (674 metres (“m”)) of the 2019 winter program at the Percival discovery (“Percival”), on the 100%-owned Clearwater Property (the “Property”) in James Bay, Québec (see FIGURES 1-5). Claude Lemasson, Eastmain President and CEO commented: “With the help of some new key targeting tools and further interpretation of the results of our initial drill campaign, our winter drilling program is off to a great start. We have now intersected the targeted mineralization 100 m to the east of the discovery holes, in what we believe is the extension of the same geophysical anomaly. The VTEM and ground MaxMin surveys clearly illustrate an extension of Percival, its associated anomaly, and provides additional guidance to the faulting that has occurred in the area. We believe this current drilling program will continue to expand the Percival discovery, while targeting this and other preeminent geophysical anomalies.” In January, Eastmain completed 16 line-kms of MaxMin Horizontal Loop Electro-Magnetic (HLEM) survey, on 50 m line spacings, centered over the discovery holes (see FIGURE 5). This survey was successful at identifying strong shallow EM responses to assist with drill collar placement in the Percival area. The MaxMin grid is being expanded in February to 32 line-kms, extending coverage to 1 km east and west of the Percival discovery holes, reaching westward to the Knight showing. Percival mineralization consists of significant concentration of sulphide (pyrrhotite + pyrite) mineralization which appears to respond well to the ground HLEM tool and will be used in concert with airborne VTEM and magnetic data to further stratigraphic interpretation near the discovery holes. Review and interpretation of the KS Horizon Helicopter-borne VTEM™ survey completed January 1, 2019, is ongoing with results anticipated to be incorporated in the Clearwater summer/fall exploration campaign. | |
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