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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (24003)12/1/2016 9:57:50 AM
From: Andrew~Read Replies (1) of 202372
 
ER-T

Eastmain Resources Drilling at Clearwater Continues to Confirm and Extend Mineralization

TORONTO, ONTARIO--(Marketwired - Dec. 1, 2016) - Eastmain Resources Inc. ("Eastmain" or the "Company") (TSX:ER) is pleased to announce additional assay results from its ongoing, 63,300 m drill program at the Clearwater Project, which includes the Eau Claire deposit, in James Bay, Quebec (see FIGURES 1-4).

These results are from 23 holes (6,225 m) of drilling for a total of 32 holes (9,228) m to date. A summary of significant assay results and drilling data are presented in Tables 1, 2 and 3 below.

Highlights include:

  • Eau Claire infill drilling highlights:
  • 43.1 g/t Au over 2.0 m - ER16-606
    including 96.8 g/t Au over 1.0 m
  • 15.8 g/t Au over 3.5 m - ER16-617
    including 66.6 g/t Au over 0.7 m
  • 35.3 g/t Au over 0.7 m - ER16-602
  • Snake Lake drilling continues to intersect mineralization across the targeted area; multiple intercepts for hole ER16-599 are at an average vertical depth of 57 m
    • Claude Lemasson, Eastmain President and CEO commented, "Our ongoing drill programs continue to showcase encouraging results on a number of fronts. Firstly, our infill results continue to reinforce our existing mineral resource through tighter drill spacing which assists in modelling our mineralized structures. Meanwhile, step-out drilling to the east continues to return positive results indicating potential for future mineral resource growth. Lastly, our Snake Lake results demonstrate more near surface mineralization within 2 km of Eau Claire, and support our thesis for potential satellite deposits."

    DRILLING RESULTS - EAU CLAIRE

    Eastmain is reporting on the second set of drilling results which includes 15 infill drill holes (4,353 m). To date, a total of 23 holes (7,125 m) of drilling have been reported with assays pending on an additional 23 holes (7,950 m), within the planned 55,700 m (180 hole) Eau Claire drill program. See press release dated October 24, 2016 for initial results.

    Drilling at Eau Claire continues to infill the current resource area while testing new targets beyond the known resource envelope. Infill drilling has focused on tightening nominal drill spacing to approximately 25 m within the resource area. This tighter drill spacing provides key information for future consideration of underground exploration and development. This increased information will also provide a foundation for the upcoming Preliminary Economic Assessment scheduled for completion in late 2017, on the back of an updated resource estimate in 2Q 2017.

    A fourth drill is expected at Eau Claire by the end of the year, in order to accelerate the overall exploration program.

    DRILLING RESULTS - SNAKE LAKE

    Eastmain is reporting on the second set of drilling results which includes 8 exploration drill holes (1,872 m). A total of 9 holes (2,103 m) are now complete with assays pending on the final 11 drill holes (2,400 m) at the Snake Lake Target.

    The Snake Lake Target is located 1.8 km east from the Eau Claire Deposit, along the Clearwater Deformation Zone. Drilling continues to return encouraging near-surface gold results, with similar quartz-tourmaline related gold mineralization to the Eau Claire deposit. Additionally, gold mineralization in altered basalt flows and interlayered tuffs with sulphide mineralization of up to 15% has been intersected in several holes. All drilling to date encountered mineralization within 169 m from surface, with the vast majority being in the first 100 m.

    GOLD MINERALIZATION - EAU CLAIRE

    Gold mineralization at the Eau Claire gold deposit is generally located within structurally-controlled, high-grade en-echelon quartz-tourmaline veins and adjacent altered rocks. The vein system is predominantly hosted within a thick sequence of massive and pillowed mafic volcanic flows, interbedded with narrow intervals of volcaniclastic sedimentary rocks. Both flows and sediments have been intruded by multiple phases of felsic and porphyry dykes. Host rocks have been folded and deformed (sheared) through several deformation events. The gold bearing veins may occur as thin fracture fill with tourmaline and develop along an easterly strike and a southerly dip (450W zone) into thick quartz-tourmaline veins with zoned tourmaline+/-actinolite+/-biotite+/-carbonate alteration halos which can measure up to several metres in thickness.

    GOLD MINERALIZATION - SNAKE LAKE

    Gold mineralization at the Snake Lake occurrence is similar to the Eau Claire deposit. Quartz tourmaline veins are hosted within a thick sequence of basalt flows, tuffs and interbedded metasedimentary rocks which have been intruded by felsic dykes. As at Eau Claire, the entire sequence has been heavily deformed and sheared resulting in development of a deformation zone with strong and extensive foliation and local shearing. Significant zones of sulphide mineralization (pyrite, pyrrhotite, +/- arsenopyrite +/- chalcopyrite) are also reporting gold mineralization within the deformation zone.

    Table 1: Eau Claire: Summary of Drilling Results



    TYPE    		Drill Hole FromToIntervalGold AssayVertical Depth3Interpreted Zone
    mmm1g/t Au2m
    InfillER16-591227.7229.21.51.14193450 W
    232.0234.12.12.83197450 W
    incl. 233.1234.11.04.97 450 W
    InfillER16-593242.1246.54.42.03200450 W
    incl. 245.5246.51.04.08 450 W
    269.5270.00.515.2220450 W
    271.5276.04.50.96228450 W
    incl.275.0275.50.53.78 450 W
    305.0306.01.04.50246450 W
    InfillER16-595203.0204.51.50.64154450 W
    208.5209.00.513.6158450 W
    269.6270.61.03.24202450 W
    303.5304.20.73.06225450 W
    InfillER16-59813.614.10.54.159450 W
    196.3198.01.71.17137450 W
    InfillER16-60142.444.52.10.9136450 W
    InfillER16-602110.8113.83.01.0992450 W
    221.5222.20.735.3182450 W
    270.0271.91.92.95221450 W
    incl. 270.0270.50.57.22 450 W
    InfillER16-605209.5210.00.52.14159450 W
    InfillER16-606156.6158.62.02.90135450 W
    166.6167.10.51.29143450 W
    219.6221.92.343.1188450 W
    incl. 220.2221.21.096.8
    224.0225.01.03.56192450 W
    248.0248.70.72.34211450 W
    273.2273.70.51.57233450 W
    275.6276.20.61.41235450 W
    InfillER16-608190.6193.63.06.36164450 W
    incl. 192.1192.61.026.4 450 W
    197.1197.60.52.04168450 W
    InfillER16-609184.0185.01.01.50142450 W
    InfillER16-61051.351.80.57.1148450 W
    61.361.80.54.1057450 W
    142.0144.02.01.05132450 W
    149.0150.01.01.37138450 W
    187.0187.50.54.65172450 W
    InfillER16-613203.5205.11.62.03183450 W
    216.0216.50.51.13194450 W
    240.4245.04.64.02218450 W
    incl. 240.4241.41.07.93 450 W
    InfillER16-614144.0146.62.62.78115450 W
    incl. 144.5145.51.04.13 450 W
    InfillER16-616103.5104.20.73.2175450 W
    128.3130.01.72.1592450 W
    InfillER16-61778.378.80.51.1866450 W
    111.9117.55.51.1297450 W
    152.0152.50.52.84128450 W
    202.1205.63.515.8171450 W
    incl. 204.8205.60.866.6 450 W
    211.2211.70.58.90178450 W
    223.2224.21.08.50189450 W
    260.8261.81.02.70220450 W
    Table 2: Snake Lake: Summary of Drilling Results

    Drill HoleFromToIntervalGold AssayVertical Depth3Interpreted Zone
    mmm1g/t Au2m
    ER16-594126.3128.01.71.3495biotite, carbonate altered schist with quartz-tourmaline veining
    ER16-59657.058.51.51.1439foliated, altered basalt 5% sulphide
    67.068.01.02.9546foliated, altered basalt tr. sulphide
    80.681.61.06.3855biotite, carbonate altered basalt 5% sulphide
    ER16-5998.89.81.01.337altered basalt 1-10% sulphide
    29.033.04.01.4521quartz feldspar porphyry dyke in tuff 2-15% sulphide
    incl. 29.030.01.03.74
    41.341.80.55.1429sulphide mineralized tuff
    46.848.82.01.0133sulphide mineralized tuff
    66.967.91.04.0247mineralized basalt/tuff contact, 10% sulphide
    163.5166.02.52.45113quartz/tourmaline vein 5% sulphide
    incl. 163.5164.51.04.29
    ER16-60042.444.01.61.6231shear zone, 10% py.
    ER16-60785.586.51.02.3061quartz/tourmaline vein 5% sulphide
    142.0143.01.01.80100biotite/actinolite/ tourmaline altered basalt
    ER16-611 NSV
    ER16-61528.429.00.68.1620biotite, tourmaline altered schist, 15% sulphide
    247.8249.82.01.13169Altered basalt with quartz-epidote
    ER16-622 NSV
    1.Intervals are presented in core length; true width will vary depending on the intersection angle of the hole with the targeted zone. Holes are generally planned to intersect vein structures as close perpendicular as possible and true widths are estimated to be 75%-85% of downhole widths.
    2.For known mineralized zones, intervals are based on geological observations and limited compositing of veins. Assays presented are not capped. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time.
    3.Vertical depth is measured from the surface to the mid-point of the reported interval.
    Table 3: Hole Location Information

    TargetDrill HoleAzimuthInclin.UTM CoordinatesTotal Length Elevation
    Zone 18
    NumberDeg.Deg.EastingNorthing(m)
    Eau ClaireER16-591355-584448915785064297 305
    Eau ClaireER16-593355-564446955784994357 286
    Eau ClaireER16-595355-504449135785043324 301
    Eau ClaireER16-598355-454449905785045282 291
    Eau ClaireER16-601355-564449665785069393 295
    Eau ClaireER16-602355-554447175785027297 291
    Eau ClaireER16-605355-504449385785122249 304
    Eau ClaireER16-606355-604448205785008351 291
    Eau ClaireER16-608355-594448455785004375 291
    Eau ClaireER16-609355-524449885785122201 312
    Eau ClaireER16-610355-674450235785049249 301
    Eau ClaireER16-613355-654450655785050252 309
    Eau ClaireER16-614355-604450665785076201 314
    Eau ClaireER16-616355-464450575785133174 323
    Eau ClaireER16-617355-574448975785008351 291
    Snake LakeER16-594355-504465505785015177 290
    Snake LakeER16-596355-454466645784944225 294
    Snake LakeER16-599355-454467505785000177 280
    Snake LakeER16-600355-464468505785000201 280
    Snake LakeER16-607360-454471205784815423 280
    Snake LakeER16-611360-454474195784823216 280
    Snake LakeER16-615355-454470245784813267 293
    Snake LakeER16-622355-454471955785040186 265
    The design of the Eastmain Resources' drilling programs, Quality Assurance/Quality Control and interpretation of results is under the control of Eastmain's geological staff, including qualified persons employing a strict QA/QC program consistent with NI 43-101 and industry best practices. The Clearwater project is supervised by Eastmain's Project Geologist, Michel Leblanc P. Geo.

    Drill core is logged and split with half-core samples packaged and delivered to ALS Minerals laboratory. Samples are dried and subsequently crushed to 70% passing a 2 mm mesh screen. A 1000 gram subsample is pulverized to a nominal 85% passing 75 micron mesh screen. The remaining crushed sample (reject) and pulverized sample (pulp) are retained for further analysis and quality control. All samples are analysed by Fire Assay with an Atomic Absorption (AA) finish using a 50 gram aliquot of pulverized material. Assays exceeding 5 g/t Au are re-assayed by Fire Assay with a Gravimetric Finish. Eastmain regularly inserts 3rd party reference control samples and blank samples in the sample stream to monitor assay performance and performs duplicate sampling at a second certified laboratory. For 2016, approximately 10% of samples submitted are part of the Company's laboratory sample control protocols.

    This press release was compiled and approved by William McGuinty, P. Geo., Eastmain's VP Exploration and Qualified Person under National Instrument 43-101.

    About Eastmain Resources Inc. (TSX:ER)

    Eastmain is a Canadian exploration company with 100% interest in the Eau Claire and Eastmain Mine gold deposits, both of which are located within the James Bay District of Quebec. Clearwater, host of the Eau Claire deposit, is the Company's core asset with access to superior infrastructure in a favourable mining jurisdiction. Eastmain also holds a pipeline of exploration projects in this new Canadian mining district, including being a partner in the Éléonore South Joint Venture.
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