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Gold/Mining/Energy : Eastmain Resources- CDN

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From: ItsAllCyclical11/16/2011 9:34:18 PM
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This article came out in spring prior to any of the current drilling and discovery of newly trenched zones.

proactiveinvestors.com

A few excerpts

With a current total global metal resource fast approaching 2 million ounces of gold (0.5 g/t cut-off grade sensitivity) and the ultimate potential now in the 3- to 5-million-ounce range, the updated mineral resource estimate clearly demonstrates Eau Claire’s potential for both open pit and underground mineral resources at significant grade.


Within the Open Pit resource, capped grades at the Measured category of 6.05 g/t are 60% higher than those of the Indicated owing to tighter drill spacing and larger core diameters. In fact near the surface where there has been extensive sampling, there is 150,000 tonnes of rock containing 118,000 ounces of gold at 24.6 g/t within the P to S veins.

Meanwhile, Eau Claire’s underground resource estimates remain robust with total underground resources including 4.548 million tonnes at 7.08 g/t capped grade containing 1.03 million ounces of gold (1.04 million ounces of gold at 7.11 g/t uncapped).

Eau Claire’s grades are healthy. To put matters in perspective, grades of Measured and Indicated resources at the Detour Lake Gold Project for instance are 1.39 g/t and 0.99 g/t (cut-off grade 0.5 g/t) while those of the Rainy River project are 1.21g/t and 1.0 g/t (open pit) respectively. Grades of Measured and Indicated resources of Rainy River for underground are 5.66 g/t and 5.18 g/t respectively.

Another site of interest

goldminerpulse.com.

Again older as it gives no value to current drill campaign or any of the Tellerium.
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