Eastmain Resources Inc.

Published : November 19th, 2009

Mine Property Anomalous gold detected along 6-km trend.

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Eastmain Resources Inc.

News Release

TSX:ER

 

ER Logo

November 19, 2009

Eastmain Mine Property

Anomalous gold detected along 6-km trend

 

Eastmain Resources Inc.. (TSX:ER) announced an update of exploration activities completed at its wholly-owned Eastmain Mine property. The 2009 program consisted of soil sampling, geological mapping and prospecting along the main mine trend and in other areas of high mineral potential. Gold-bearing rock and soil samples indicate the potential for a second VMS gold deposit along the mine trend. Anomalous gold was detected in rock sampling over a six kilometre strike-length, coinciding with this trend, northwest of the Eastmain Gold Deposit as follows:

������������������� 2009 Rock Sampling

       >5 to 43 g/t Au����������� (7 samples)

        >1 to 5 g/t Au������������� (20 samples)

        >0.5 to 1 g/t Au ��������� (7 samples)

        >0.1 to 0.5 g/t Au������ (25 samples)

 

Recent sampling has confirmed a clear spatial association of gold-enriched rock samples within the ultramafic and mafic volcanic flows, which host the Eastmain Mine (see Map1, website). Several grab samples taken within an interpreted northwest-trending, quartz-rich mineralized shear zone, extending from an area approximately one kilometre northwest of the deposit to the region south and west of Julian Lake,returned values ranging from 4.38 g/t gold to 43.6 g/t gold.

 

2009 soil sampling combined with historic sampling reveals a large number of anomalous gold trends (Map 2, website), some of which reflect the known mineralization of the main mine trend, while others define several cross-cutting shears also known to be gold bearing. Several gold-in-soil anomalies are coincident with untested VTEM conductive zones and magnetic anomalies.

 

�������� B Horizon Soil Sampling

         >100 to 10,000 ppb Au ��������� (27 samples)

         >50 to 100 ppb Au�� (40 samples)

         >20 to 50 ppb Au�������������������� (80 samples)

         >12 to 20 ppb Au�������������������� (49 samples)

         >3 to 12 ppb Au����������������������� (740 samples)

 

Geological mapping has identified up to four volcanic cycles, of which three are capped by VMS syngenetic-style copper-gold-silver sulphide mineralization. One of these mineralized horizons contains the Eastmain Gold Mine's "A", "B" and "C" zones. Other horizons directly associated with VTEM and magnetic anomalies, were relatively untested by historical drilling. These high-priority targets contain several zones of elevated gold, silver and copper within mineralized volcanic rocks similar to the main mine trend.

 

Gold-bearing, cross-cutting structures, referred to as "New Shears", which outcrop in the JulianLake area, northwest of the "A zone" may constitute a low-grade, bulk tonnage target. Previous sampling indicated gold values to greater than 5 g/t Au, but numerous rusty zones and narrow shears have not yet been drill-tested.

 

Adjacent to this area, at Michel Lake, mineralized felsic intrusive rocks historically returned gold values in the range of 30 to 68 g/t gold. These rocks are common throughout the area and may represent a second, late-stage mineralizing event.

The Eastmain Gold Deposit is reported to contain 255,750 ounces of gold and 4.1 million pounds of copper, including measured resources of 91,500 tons grading 0.268 ounces/ton gold and indicated resources of 786,600 tons at 0.294 ounces/ton gold (Campbell Resources Inc., 2004 Annual Report). These resources are historical estimates and should not be relied upon. These estimates may not be NI43-101 compliant. Alain Blais was the qualified person for Campbell. A qualified person for Eastmain has not done sufficient work to classify the historical estimates as current mineral resources as defined by NI43-101 (Eastmain 2008 Annual Information Form, www.sedar.com).

 

The Eastmain Gold Deposit has the potential to be extended through drilling, not only along strike, but also at depth and within adjacent horizons stratigraphically above the main mine trend. The average grade of 106 historic drill holes,within the A and B Zones of the Eastmain deposit, is 18.92 g/t gold or 0.55 ounces per ton gold (Au), 16.06 g/t silver (Ag)and 0.24% copper (Cu) across 3.96 metres. Exceptional drill results within the deposit include 46.71 g/t Au (1.36 ounces per ton), 51..47 g/t Ag and 0.29% Cu over 5.09 metres; 53.28 g/t Au (1.56 ounces per ton), 59.20 g/t Ag and 0.20% Cu over 13.2 metres or 43.3 feet; 125.43 g/t Au (3.66 ounces per ton), 13.80 g/t Ag and 0.12% Cu across 3.66 metres and 36.73 g/t Au (1.07 ounces per ton), 18.88 g/t Ag and 0.21% Cu over 9.05 metres (Table1 - website).

 

Don Robinson, President and CEO of Eastmain states, "The Eastmain Gold Deposit displays strong geological similarities to the main gold zone previously mined at Detour Lake. The exploration potential of the Eastmain project is excellent, with both high-grade gold and large bulk tonnage targets evident on the property. We look forward to advancing this project with a substantial winter drill program."

Dr. Donald J. Robinson P.Geo, is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101.

About Eastmain Resources Inc. (TSX:ER) 

Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. The Corporation has $17 Million in working capital and holds an interest in 12 projects within the James Bay District, including the Eleonore South property. Eastmain has allocated a budget of $5.0 million for gold exploration in Quebec for 2010.

For further information please contact Eastmain Resources Inc.: Dr. Donald J. Robinson, President or Catherine Butella, Exploration Manager at (519) 940-4870, fax (519) 940-4871, by e-mail: info@eastmain.com or visit our website at www.eastmain.com.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks. Actual events or results could differ materially from the Company's expectations and projections.��

 

"Building for tomorrow, today!" 

 

 

 

 

 

 

 


Eastmain Resources Inc. | 36 Toronto Street | Suite 1000 | Toronto | Ontario | M5C 2C5 | Canada

 

Eastmain Resources Inc.

EXPLORATION STAGE
CODE : ER.TO
ISIN : CA27743M1068
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Eastmain Res. is a gold and lead exploration company based in Canada.

Eastmain Res. holds various exploration projects in Canada.

Its main exploration properties are EASTMAIN GOLD MINE, KIDD (BUTTERWORTH) - EASTMAIN, TINGLEY BROOK, ROAD KING, RUBY HILL (EASTMAIN), ELEONORE SOUTH, DYNA, LAC ELMER, LAC HUDSON, RADISSON, ABITIBI EXTENSION, AKWESKWA, LIDGE, MEGATEM, OTTER BROOK / ROCKY LAKE, RAILROAD, RESERVOIR and CLEARWATER / EAU CLAIRE in Canada.

Eastmain Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 48.2 millions as of today (US$ 36.8 millions, € 31.1 millions).

Its stock quote reached its highest recent level on January 07, 2011 at CA$ 2.17, and its lowest recent point on April 03, 2020 at CA$ 0.06.

Eastmain Res. has 175 430 000 shares outstanding.

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Corporate Presentations of Eastmain Resources Inc.
10/16/2009Eric Lemieux, LBS, "Golden Opportunities Giving Positive Out...
9/25/2009Raising Target to $2.20 on Golden Opportunities
Annual reports of Eastmain Resources Inc.
2008 Annual Report
2007 Annual report
2006 Annual report
Financings of Eastmain Resources Inc.
11/15/2013Arranges Private Placement
12/2/2011Completes $5.75M Private Placement Financing
8/24/2010Announces Private Placement
12/30/2009Private Placement
7/3/2008Announces Closing Private Placement 11,447,000 Units
Nominations of Eastmain Resources Inc.
12/20/2013Appoints Serge Bureau to New Advisory Board Position
9/17/2013Appoints New Director and New District Geologist
9/17/2013Appoints New Director, New District Geologist
Financials of Eastmain Resources Inc.
9/16/2008Third Quarterly Report as at July 31 2008
Project news of Eastmain Resources Inc.
12/31/2013Clearwater Project - Eau Claire Deposit Exploration Update
12/14/2013Season's Greetings from Eastmain Resources
8/9/2013Analysts on Exploration Update in James Bay - Eastmain Resou...
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3/22/2013(Radisson)Honey Badger to Begin Drilling on Eastmain's Radisson Projec...
1/17/2013Clearwater Project: Eau Claire Gold Deposit Drilling
11/8/2012Clearwater Project: High-Grade Gold Extends Below Soccer Fie...
9/27/2012Purchases Royalty on Eastmain Mine
9/24/2012at the 2012 Toronto Resource Investment Conference
5/10/2012Meet the management of Eastmain Resources Inc at the 2012 Ne...
4/13/2012Clearwater Drilling Underway Visible Gold North of Resource ...
2/28/2012(Radisson)Honey Badger Defines Drill Targets on Radisson Option
2/2/2012Incease in Target - Macquarie Picks Eastmain Resources
1/6/2012Macquarie Picks Eastmain Resources
12/30/2011Exploration Update for 2012
12/15/2011Season's Greetings from Eastmain Resources
9/12/2011Join Eastmain Resources at the 2011 Toronto Resource Investm...
9/6/2011Clearwater Project New Discoveries and Assays
9/6/2011Cleawarer Project New Discoveries and Assays
8/27/2011Struthers' Resource Stock Report
8/17/2011(Radisson)Options Radisson Project to Honey Badger Exploration Inc
8/11/2011(Clearwater / Eau Claire)Visible gold in 10 drill holes as drilling continues to expa...
7/29/2011Mine Project Drilling Underway
7/6/2011CLEARWATER PROJECT \342\200\223 DRILLING UPD...
5/23/2011(Clearwater / Eau Claire)Clearwater Project-Drilling Update Quartz-Tourmaline Veins W...
4/26/2011(Clearwater / Eau Claire)Reports Updated NI 43-101 Mineral Resource Estimate for Eau ...
3/24/2011(Clearwater / Eau Claire)Purchases Clearwater Royalty
3/22/2011(Eastmain Gold Mine)Quebec Approves Northern Plan Investment-Route 167 Extension...
2/11/2011(Clearwater / Eau Claire)Clearwater Project Exploration drill results, Infill & Compo...
7/8/2010(Eastmain Gold Mine)Mine A Zone Drilling 7.5 grams per tonne Au over 7.83 metres
6/15/2010(Clearwater / Eau Claire)SRK Consulting retained to prepare NI 43-101 for Eau Claire ...
6/1/2010(Eleonore South)Eleonore South JV Project Drill Program & Budget Approved
4/14/2010(Eastmain Gold Mine)Eastmain Mine Property Drill Program
1/7/2010(Eleonore South)Eleonore South JV Project 1-km-long Gold Halo
12/3/2009Eau Claire Assays & Metallurgy 35 High Grade Gold-Tellurium ...
9/24/2009(Clearwater / Eau Claire)New gold target: 254 g/t Au, 640 g/t Ag & >500 g/t Te High-G...
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2/17/2009(Clearwater / Eau Claire)Definition Drilling Continues at Eau Claire - Metallurgical ...
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6/12/2008(Clearwater / Eau Claire)Eau Claire Gold Deposit 100 Drill Intersections Average 28.0...
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Corporate news of Eastmain Resources Inc.
4/8/2016Integra Gold Corp. Announces Strategic Investment in Eastmai...
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10/14/2015Eastmain Resources Inc. Corporate Update
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10/2/2015Eastmain Appoints Dr. Laurence Curtis Director and Chairman ...
9/15/2015Lac Lessard Project Nickel Sulphide Mineralization Confrimed...
8/4/2015In Memoriam: Ian Bryans 1953 - 2015
7/9/2015Eastmain Awards Contract for Preliminary Economic Assessment...
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4/1/2015Clearwater Project; Eau Claire Block Model Resource Estimate
3/12/2015Not Aware of Reason for Increase in Market Activity
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1/27/2015Eastmain Resources Inc.: 2015 Corporate Update-$4M Explorati...
12/16/2014Eastmain Resources Inc.: Clearwater Project Drilling at Clov...
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5/22/2014Eastmain Resources Inc.: 2014 Exploration Activities Update
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2/24/2014J. Taylor's New Buy Recommendation: Eastmain Resources Inc.
2/21/2014at the 2014 "PDAC"
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11/9/2013at the 2013 AEMQ Quebec Mining Exploration Conference
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10/9/2013In Memoriam: William L. Koyle 1940-2013
9/10/2013in the News
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7/12/2013(Radisson)Honey Badger drills four targets at Radisson Project
7/8/2013Fires In James Bay Quebec Cause Evacuations
7/8/2013Evacuation Due to Fires in James Bay, Quebec
4/16/2013Infrastructure Improving at Eastmain's Gold Deposits
3/28/2013Adopts Advance Notice By-Law
1/24/2013Analyst Consensus Unanimous
1/16/2013at the 2013 Vancouver Resource Investment Conference
11/13/2012at the 2012 San Francisco Hard Asset Conference
11/8/2012Clearwater Project High-Grade Gold Extends Below Soccer Fiel...
10/11/2012Reports Updated NI 43-101 Mineral Resource Estimate for Eau ...
9/17/2012at the 2012 Chicago Hard Asset Conference
8/24/2012Clearwater Project Update - Visible gold in 18 vein intersec...
8/24/2012Clearwater Project
7/16/2012Clearwater Project Update - New high-grade gold vein (T10 Ve...
7/16/2012Clearwater Project Update
5/28/2012at the 2012 Vancouver World Resource Conference
5/16/2012interviewed on the Ellis Martin Report
5/15/2012on CEO Clips on the Documentary Channel
4/25/2012Mine Project Drill Results
4/23/2012interviewed on the Ellis Martin Report
4/17/2012Still a Top Pick
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2/13/2012Clearwater Continues to Grow!
2/9/2012Clearwater 850 Zone 16.4g/t Gold accross 13.5m
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1/19/2012Picked by Laurentian
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9/18/2011featured in The Struthers' Resource Stock Report Sept 12, 20...
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7/6/2011Clearwater Project-Drilling Update
6/3/2010Mine Property Drilling Update Visible Gold in A-Zone
2/26/2010Closes Placement
1/16/2010Peter Grandich comments on Eastmain Resources on Market Call...
1/21/2010Eau Claire Assays & Metallurgy Up to 12.07 g/t Au over 5.5 m...
11/19/2009Mine Property Anomalous gold detected along 6-km trend.
11/13/2009Eau Claire Drill Assays Multiple Half-Ounce Vein Intercepts
8/11/2009Roger Wiegand, Analyst: Eastmain is among the higher quality...
7/15/2009Peter Grandich picks Eastmain as his favorite in Quebec - th...
6/19/2009Added to New Junior Gold Index
6/11/2009in the News
6/4/2009Peter Grandich Picks Eastmain Resources on Market Call Tonig...
5/27/2009Research Updates and Interviews Confirm Advances at Eastmain...
2/27/2009Al Korelin of the Korelin Economic Report interviews Eastmai...
1/9/2009Research Updates Highlight Advances at Eastmain Resources
9/12/2008Research Updates Confirms Advances at Eau Claire/Clearwater
7/11/2008Ruby Hill Project - Drilling Underway
4/3/2008Laurentian Increases Recommendation
3/20/2008Drilling underway at Eleonore South
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