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Eastmain Resources Inc.
Summary
| Project: | Clearwater | |
|---|---|---|
| Deposit: | Serendipity | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/21/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 21-12-2018: Eastmain Resources Inc. announces an Exploration/Drilling Update report for its Serendipity deposit at the Clearwater project. Drilling results incl. 33.0m @ 0.68g/t Au, 3.80g/t Ag, 0.15% Zn from 28.0m. TORONTO, Dec. 21, 2018 -- Eastmain Resou | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William McGuinty, Carl Corriveau (Internal) | |
| ABSTRACT: | TORONTO, Dec. 21, 2018 -- Eastmain Resources Inc. (“Eastmain” or the “Company”- TSX:ER, OTCQX:EANRF) announces drill assay results from three holes (642 m) at the Serendipity Prospect on the 100%-owned Clearwater Property (the “Property”) in James Bay, Québec. The Serendipity Prospect is located 15 km east of the Company’s million-ounce Eau Claire Gold Project and at the northern end of the 14-km Knight-Serendipity volcano-sedimentary Horizon (“KS Horizon”). Drilling at Serendipity confirmed volcanogenic massive sulphide (“VMS”) hosted gold mineralization at the opposing end of the KS Horizon from the Percival (VMS-style) discovery which is located 5 km directly south (see press releases Nov 13, 2018, and Dec 20, 2018) (see FIGURES 1-5). Drilling was conducted at Percival and Serendipity to test either end of the 14-km long, L-shaped KS Horizon, as part of Eastmain’s growth-focused exploration program. The targets were identified from soil samples and mapping in 2018. Specifically at Serendipity, drilling also followed up on mineralization exposed historically at surface by channel sampling (2006), prospecting and trenching by Eastmain (see OUTCROP PICTURES 1, 2) and previous explorers up to 2008 (see FIGURE 3). Claude Lemasson, Eastmain President and CEO, commented, “We are excited with the results from the shallow gold targets at both Percival and Serendipity. The results support our goal to identify potential satellite deposits from our districtsized Clearwater property which has exposure to over 30 kms of major mineralized features. Looking to 2019, we will be planning larger exploration programs at both our Clearwater and Eleonore South JV properties, in line with our 3-in-3 exploration vision to identify 3 million ounces of total mineral resources by the end of 2020.” | |
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