Eastmain Drills 30.6 g/t Au over 4.9 m, including 254 g/t Au over 0.5 m at Eau Claire
Toronto, Ontario, May 16, 2017 - Eastmain Resources Inc. (“Eastmain” or the “Company”- TSX:ER) is pleased to announce new assay results from its 55,700 m mineral resource definition drill program at the Eau Claire deposit, located in James Bay, Québec (see FIGURES 1-5). The Company’s 100%-owned Clearwater Project hosts the Eau Claire gold deposit.
Assay results are from 16 drill holes (5,825 m), including infill and step-out drill holes in the 450W Zone (4,520 m) and the 850W Zone (1,305 m). The drilling continues to build continuity within the deposit, while helping to define the limits of an open pit and shallow underground mining concept. A total of 149 exploration and infill drill holes (47,258 m) have been reported. SGS Geostat has been engaged to complete the updated mineral resource estimate for the Eau Claire deposit, with an expected completion of 3Q17.
Highlights from Eau Claire intercepts include:
Near surface (maximum vertical depth of 100 m) results:
ER17-718 – 30.6 g/t Au over 4.9 m, incl. 254 g/t Au over 0.5 m
ER17-713 – 20.7 g/t Au over 2.2 m, and 46.4 g/t Au over 0.7 m
ER17-736 – 72.6 g/t Au over 0.5 m
ER17-717 – 37.7 g/t Au over 0.9 m, and 32.8 g/t Au over 0.5 m and 3.44 g/t Au over 4.3 m
Shallow underground (vertical depth 100 - 300 m) results:
ER17-723 – 42.3 g/t Au over 3.7 m, incl. 206 g/t Au over 0.5 m
ER17-723 – 51.8 g/t Au over 0.5 m
ER17-734 – 5.66 g/t Au over 6.8 m, incl. 17.9 g/t Au over 1.0 m
ER16-725 – 63.4 g/t Au over 0.5 m, and 31.6 g/t Au over 0.7 m
Growth-focused exploration continues with 3 drills, around and near, the Eau Claire deposit. Drilling is focused below the 400 m elevation level, beneath the 450W Zone’s known measured and indicated resources, and in the 850W Zone, below mineralization identified in the 2015 mineral resource estimate. In addition, drilling is targeting the extension of Eau Claire along the Clearwater Deformation Zone, towards the Snake Lake target.
Claude Lemasson, Eastmain’s President & CEO commented, “These drilling results demonstrate some of the highest grades our current Eau Claire drill program has encountered. We continue to be encouraged by the drilling, and are eager to receive the remaining 15% resource definition program results.”
The focus of the 2016/early 2017 drill program, consisting mainly of infill drilling, is to generate additional data to:
expand our understanding of the mineralizing controls at Eau Claire,
confirm our current geological interpretation and test the limits of mineralized envelope, and
improve drill spacing to show continuity between veins and increase overall confidence in the deposit.
High-Grade Schist (HGS)
Three holes intersected the interpreted HGS veins supporting continuity within these structures. Hole ER17-723 intercepted 42.3 g/t Au over 3.7 m including 206 g/t Au over 0.5 m at a vertical depth of 155 m in HGS-01. HGS-02 was intersected by hole ER17-742 returning 10.7 g/t Au over 2.0 m at approximately 266 m vertical depth. In addition, ER17-734 intersected HGS-04 at a depth of 197 m, returning 5.66 g/t Au over 6.8 m.
Shallow Drilling - 10 - 100 m vertical depth
Drilling in the 450W Zone encountered mineralization interpreted as extensions of veins identified from surface outcroppings. Holes ER17-713 and ER17-718 drilled the main east-west trending QT (Quartz-Tourmaline) veins. ER17-713 and ER17-718 both intersected the JQ vein (3.19 g/t Au over 1.0 m and 9.19 g/t Au over 2.2 m, respectively). Hole ER17-713 also intersected the R vein (1.57 g/t Au over 3.1 m) and the S vein (20.7 g/t Au over 2.2 m). An interpreted extension of the S2 vein was encountered in ER-718, returning 30.6 g/t Au over 4.9 m (see FIGURE 5).
Hole ER-717, drilled further south and east within the deposit, intersected several shallow veins including the C vein (37.7 g/t Au over 0.9 m), D vein (32.8 g/t Au over 0.5 m) and F vein (16.0 g/t Au over 0.5 m).
Drilling - 100 - 300 m vertical depth
Holes ER17-723 and ER17-736 tested QT veins to a depth of 200 m vertically (see FIGURES 3 and 4), intersecting the JQ vein as well as interpreted intercepts of QT veins C, D and G, as well as numbered QT veins 4, 7 and 15. Narrow intercepts ranging up to 72.6 g/t Au over 0.5 m in hole ER17-736, were recorded.
Holes ER17-740, ER17-734 and ER17-742 explored the deeper section of the 450W Zone, between 200 m and 300 m intersecting several intervals, including 9.27 g/t Au over 2.0 m in ER17-740.
Three step out holes also tested an area located between 50 m to 250 m to the east of the 450W Zone intersecting several 0.5 m to 1.0 m intervals ranging from 1.0 to 4.0 g/t Au.
850W Zone
Three drill holes tested veins ranging in vertical depth from 20 m to 350 m vertical depth in the 850W Zone intersecting several QT veins. Shallow highlights include QT 28 in hole ER17-743 returning 17.7 g/t Au over 1.5 m. Hole ER17-716 intersected 23.7 g/t Au over 1.0 m at 315 m vertical depth, approximately 50 m west, and 60 m down-dip of ER17-697 (43.7 g/t Au over 2.0 m including 73.4 g/t Au over 1.0 m, see press release April 26, 2017). The presence of QT vein 18 on the same section as hole ER17-716 (approximately 50 m up dip) suggest both intercepts may be extensions of this vein below the known 850W Zone resources. Further results from this zone are pending and follow-up drilling is being planned.
A summary of selected high grade assay results from Eau Claire are presented in Table 1 below. TABLE 2 represents the complete set of significant results.
AI
