Eastmain Resources Inc.

Published : February 11th, 2015

Clearwater Project Encouraging Early-Stage Results at Clovis Lake

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Eau | Gold |

Clearwater Project Encouraging Early-Stage Results at Clovis Lake

TORONTO, ONTARIO--(Marketwired - Feb 11, 2015) - Eastmain Resources Inc. (ER.TO) announces assay results from regional drilling at its wholly-owned Clearwater Project, located in James Bay, Quebec. 18 drill holes, totaling 5,079 metres, were completed in the Clovis Lake area, which is situated three kilometres east of the Eau Claire gold deposit. The drill program, designed to search for a second gold deposit on the property, tested auriferous quartz-tourmaline veins exposed by earlier trenching. Drill hole ER14-548 intersected a three-metre interval grading 7.19 grams gold per tonne.

Fifteen drill holes were completed over a 700-metre-long corridor, which coincides with an Induced Polarization ("IP") chargeability high and a resistivity low, south of Clovis Lake. This anomaly occurs within felsic volcaniclastic rocks containing graphite and pyrrhotite, flanked by mafic volcanic rocks and quartz-feldspar porphyry. Anomalous gold ranging from 0.20 to 17.8 grams per tonne gold (g/t Au) was intersected in 13 of 15 drill holes over intervals from 0.5 to 16.0 metres. Drill hole 538 intersected a 6.5-metre-wide interval of altered mafic volcanic rock, which assayed 1.72 g/t Au, including a 0.5-metre-wide quartz-tourmaline vein grading 17.8 g/t Au. 21 intercepts exceed current potential open pit cut-off grades at Eau Claire, while seven exceed current potential underground cut-off grades (NR Oct 11, 2012), with intervals ranging from 14.15 g/t over one metre to 17.80 g/t over a half metre (see website for drill plan and table).

Drill hole 543, which intersected a geochemically enriched 16-metre-wide interval of quartz-tourmaline vein and tourmaline-actinolite schist (0.20 g/t Au), included a 0.5-metre-wide vein interval grading 85.1 grams tellurium per tonne. Tellurium is commonly found within the Eau Claire deposit at roughly a one-to-one correlation with gold. Hole 545 intersected a 10-metre-wide interval of vein and altered schist grading 0.43 grams gold per tonne. Several drill holes on the southern side of Clovis Lake intersected wide zones of anomalous gold, indicating a large mineralizing system is still evident three kilometres away from the main deposit area. Further work is definitely warranted in this area.

Three drill holes were also completed on the north side of Clovis Lake to test a quartz-tourmaline vein at surface with rock and channel samples ranging from 0.65 to 62.4 g/t Au. All three holes intersected wide zones of anomalous gold. Hole 549 intersected a 3-metre-wide interval of altered felsic volcaniclastic rocks grading 0.62 g/t Au. Notably all three drill holes intersected from 50 to more than 150 metres of feldspar porphyry ("QFP") at the bottom of each hole. Since Eau Claire is bounded on the south margin (hangingwall) by QFP and the overall morphology of the gold deposit conforms to and is controlled by a QFP dyke swarm, this may indicate that a prospective target in the discovery of a second deposit may be situated further north. Further work is needed to confirm the significance of QFP swarms and controls on gold mineralization in this area.

"The Clovis Lake drill program was successful in finding a repetition of Eau Claire gold deposit geology, structure and mineralization. Thick intervals of quartz-tourmaline veining and associated rock alteration containing anomalous gold values indicates the presence of a large gold system three kilometres east of the deposit. We are extremely encouraged by these early-stage results. Additional drilling is needed to test for continuity, grade and dimension," states Eastmain's President and CEO, Don Robinson.

QP and Quality Control

Dr. Donald J. Robinson P. Geo, President and Chief Executive Officer of Eastmain, Qualified Person under National Instrument 43-101 reviewed and approved the scientific and technical data presented in this press release. Dr. Robinson has supervised the work programs on the Company's properties, visited the properties on multiple occasions, examined outcrops, drill core and trenched areas, reviewed results with on-site geological staff and reviewed both the analytical and quality control results.

Eastmain conducts a quality control program for all of its exploration work, to ensure best practices in the industry from sample shipment and preparation to data collection and analyses. Chemical analysis was completed by ALS CHEMEX Laboratories using a 50-gram split with ICP, AA and gravimetric techniques. Internal standards provided by an independent company and blank samples were inserted for quality control purposes.

About Eastmain Resources Inc. (ER.TO) Eastmain is a Canadian exploration company with 100% interest in the Eau Claire and Eastmain gold deposits, both of which are located within the James Bay District of Quebec. Eau Claire, our core asset, has superior infrastructure within a favourable jurisdiction and is royalty free. The Corporation also holds a pipeline of exploration projects in this new Canadian mining district.

Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Eastmain, including, but not limited to the impact of general economic conditions, industry conditions, dependence upon regulatory approvals and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Table 1 Clovis Lake Drilling Assay Results
Hole_IDFromToLengthAu g/tTe g/tAg ppmHost
ER14-53598.099.01.000.640.120.71VS
101.5102.00.500.610.264.93VS
162.5163.00.501.100.200.6VQTL
ER14-53620.527.06.500.220.14 M8 Ac Tl
ER14-537120.0121.01.001.640.261.17M8 Ac Bo
ER14-53883.584.00.5017.800.538.16VQTL
77.584.06.501.720.27 V3b VQTL
119.0119.50.503.930.672.31VQTL
ER14-539131.0131.50.5013.40-0.42VS Ac Bo
ER14-540182.0183.51.501.090.840.18VQTL( tr VG)
ER14-54214.515.00.506.670.030.19V3b
109.0109.50.502.04-0.17M8 Ac Bo
ER14-54387.087.50.500.0685.100.06M8 Tl Ac Bo
74.090.016.000.202.94 VQTL M8
ER14-54421.022.01.000.840.580.87VS
ER14-54588.589.00.505.920.883.49M8 Si Ac Bo Tl
87.089.02.001.930.76 M8 Si Ac Bo Tl
87.097.010.000.430.17 M8 Ac Bo
ER14-546106.5107.00.502.272.730.59VQTL
207.0207.50.501.340.071.18M8 Bo
ER14-54721.036.015.000.280.30 Vsb M8
41.542.00.501.670.640.06VQTL
167.0167.50.5011.900.192.82VQ
ER14-548177.0180.03.007.190.31 V3b
177.0178.01.0014.150.150.21
ER14-54955.058.03.000.640.56 VS Bo
ER14-551102.0102.50.500.110.060.11VQ (tr VG)
112.0115.03.000.310.45 VQTL V3b
ER14-55282.082.50.500.490.480.2VS
Notes:Interval lengths approximate true widths.
VS - volcaniclastic; VQTL - quartz-tourmaline vein; M8 - altered basalt;
Ac - actinolite; Bo - Biotite; Tl - tourmaline; V3b - mafic volcanic;
Si - silicificatoin; VG - visible gold
Read the rest of the article at finance.yahoo.com

Eastmain Resources Inc.

EXPLORATION STAGE
CODE : ER.TO
ISIN : CA27743M1068
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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...
4/24/2013Trenching and Prospecting Expand Eau Claire Deposit Footprin...
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...
9/1/2009(Eleonore South)Eleonore South JV Project Drill Program in Progress
8/25/2009(Eastmain Gold Mine)Exploration Underway at Eastmain Mine
7/17/2009(Radisson)Drilling Underway at Eau Claire Gold Deposit - Exploration W...
2/17/2009(Clearwater / Eau Claire)Definition Drilling Continues at Eau Claire - Metallurgical ...
1/21/2009(Eleonore South)Goldcorp to participate in future exploration at Eleonore So...
12/18/2008(Clearwater / Eau Claire)Eau Claire: 17.99 g/t Au over 4.7 m in T Vein series - 100 v...
12/10/2008(Megatem)Megatem Project Drilling Underway
9/12/2008(Clearwater / Eau Claire)Visible Gold in another 50 veins at Eau Claire Discovery of ...
8/1/2008Eau Claire Gold Deposit Drilling Underway - Visible Gold in ...
6/12/2008(Clearwater / Eau Claire)Eau Claire Gold Deposit 100 Drill Intersections Average 28.0...
4/2/2008(Clearwater / Eau Claire)Eau Claire Gold Deposit VG samples average 70.74 g/t Au, up ...
Corporate news of Eastmain Resources Inc.
4/8/2016Integra Gold Corp. Announces Strategic Investment in Eastmai...
3/28/2016Columbus Gold Announces Steps To Unlock Value For All Shareh...
10/14/2015Eastmain Resources Inc. Corporate Update
10/8/2015Eastmain Receives "Discovery of the Year" Award for Its Eau ...
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...
4/1/2015Eastmain Resources Inc.: Clearwater Project; Eau Claire Bloc...
4/1/2015Clearwater Project; Eau Claire Block Model Resource Estimate
3/12/2015Not Aware of Reason for Increase in Market Activity
3/12/2015Eastmain Resources Inc. Not Aware of Reason for Increase in ...
2/11/2015Clearwater Project Encouraging Early-Stage Results at Clovis...
1/27/2015Eastmain Resources Inc.: 2015 Corporate Update-$4M Explorati...
12/16/2014Eastmain Resources Inc.: Clearwater Project Drilling at Clov...
11/19/2014Eastmain Options Lac Lessard to Darnley Bay for $2.5M
11/14/2014Eastmain Resources Inc.: Clearwater Project; Boomerang Showi...
10/21/2014Eastmain Resources Inc.: Clearwater Project-Exploration and ...
10/1/2014Eastmain Resources Inc.: Lac Lessard Project Nickel-Copper-P...
9/26/2014Four High-Grade Gold Targets Confirmed at Eastmain Mine
5/22/2014Eastmain Resources Inc.: 2014 Exploration Activities Update
4/30/2014Eastmain Reports Voting Results from Annual General Meeting
2/24/2014J. Taylor's New Buy Recommendation: Eastmain Resources Inc.
2/21/2014at the 2014 "PDAC"
2/5/2014Announces High Grade Assays at the Eau Claire Gold Deposit
11/9/2013at the 2013 AEMQ Quebec Mining Exploration Conference
11/8/2013Clearwater - Eau Claire Deposit Hole 490 6.38 g/t Au, 10.14...
10/24/2013Clearwater Project-EAU Claire Deposit High Grade Gold Trench...
10/9/2013In Memoriam: William L. Koyle 1940-2013
9/10/2013in the News
8/6/2013Exploration Program Update for James Bay, Quebec
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
4/13/201240,000-m Drill Program Underway at Eau Claire, Clearwater Pr...
2/13/2012Clearwater Continues to Grow!
2/9/2012Clearwater 850 Zone 16.4g/t Gold accross 13.5m
2/9/2012Clearwater Project
1/19/2012Picked by Laurentian
1/4/2012to Outperform - Rodman & Renshaw
12/30/2011Allocates $10 Million for 2012 Exploration in James Bay, Que...
9/18/2011featured in The Struthers' Resource Stock Report Sept 12, 20...
9/7/2011Macquarie Equities Research: 850 Zone Delivers High Grade.
9/6/2011Clearwater Project
8/26/2011featured in The Struthers' Resource Stock Report
8/11/2011Clearwater Project-Drilling Continues to Expand the 850 West...
7/26/2011The Gold Report Interview with Eric Lemieux
7/13/2011Rodman & Renshaw has initiated coverage of Eastmain Resource...
7/6/2011Clearwater - Gold bearing veins confirmed at 850 West Zone
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
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (ER.TO)Other OTC (EANRF)
0.275+10.00%0.184-0.54%
TORONTO
CA$ 0.275
10/09 16:57 0.030
10%
Prev close Open
0.250 0.250
Low High
0.250 0.275
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.275 -%
Volume 1 month var.
2,105,459 -%
24hGold TrendPower© : -35
Produces
Develops
Explores for Copper - Gold - Iron - Lead - Nickel - Platinum - Silver - Sulphur - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2020175.00%0.320.06
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.72-0.06%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 10.89-1.36%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55-0.72%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.36-3.28%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.64+2.69%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.17%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.87+6.25%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.67-0.98%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03-2.94%Trend Power :