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Eastmain Resources Inc.
Summary
| Project: | Clearwater | |
|---|---|---|
| Deposit: | Percival | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/27/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 27-6-2019: Eastmain Resources Inc. announces an Exploration/Drilling Update report for its Percival deposit at the Clearwater project. Drilling results incl. 7.0m @ 3.15g/t Au from 316.0m. TORONTO--(BUSINESS WIRE)--June 27, 2019--Eastmain Resources Inc. ( | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William McGuinty (Internal) | |
| ABSTRACT: | TORONTO--(BUSINESS WIRE)--June 27, 2019--Eastmain Resources Inc. (“Eastmain” or the “Company” - TSX:ER, OTCQX:EANRF), a gold exploration and development company based in James Bay, Quebec, provides an update on the spring exploration campaign at the Company’s 100%-owned Clearwater Property and the results from the final 4 drill holes (1,537 m) from the Percival discovery winter drilling program (see FIGURES 1-6). Claude Lemasson, Eastmain President and CEO commented, “The spring field exploration campaign is progressing very well, enhancing and expanding on the 2018 information that ultimately led to making the Percival discovery in November 2018. This field work, combined with the previously completed electro-magnetic surveys, is already demonstrating an improved interpretation of the geology and the potential mineralization at the KS Horizon’s southern leg and will be used to define targets for drilling beginning later this summer.” The helicopter-supported field campaign began May 22, exploring the previously identified KS horizon, beginning at the Knight showing, across the Percival discovery area and for 5 km further east along the general strike of the Cannard Deformation zone. The program consists of: Prospecting and mapping along North-South lines spaced 50 m apart will give particular focus to VTEM and soil geochemistry anomalies identified in the fall of 2019, targeting Percival-type pyrrhotite-bearing breccia and silicified breccia units and iron formations. The team will take advantage of relatively shallow overburden and use Beep-Mat magnetic susceptibility and EM conductivity instruments to identify shallow bedrock anomalies and prioritize exposure and exploration of buried targets. Mechanical trenching (excavator), follow-up mapping and channel sampling will be conducted on priority targets identified by mapping and prospecting. The excavator is currently exposing bedrock above several 2018-2019 Percival drill sections, including the initial discovery holes (ER18-822, ER18-823). Trenching will move progressively eastward as the program progresses and results are received. | |
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