Eastmain Resources Inc.

Published : April 02nd, 2008

Eau Claire Gold Deposit VG samples average 70.74 g/t Au, up to 2,540 g/t Au

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Eastmain Resources Inc.

News Release

TSX: ER

 

 

ER Logo

 

Eau Claire Gold Deposit

VG samples average 70.74 g/t Au, up to 2,540 g/t Au

 

April 02 2008

Eastmain Resources Inc. (TSX: ER)

announces initial assay results for the visible gold samples from Eau Claire deposit drilling completed in December 2007. The average grade of 76 half-metre drill core samples containing visible gold is 70.74 g/t gold or 2.07 ounces per ton (Table 1). The gold content of these samples ranges from 0.5 to 2,540 g/t gold (74.2 ounces per ton). A total of 180 quartz-tourmaline vein and schist drill intercepts ranging from 0.5 to more than 4.0 metres in thickness were intersected within the Eau Claire gold deposit. Visible gold observed in drill core ranges from 1 to over 100 grains per intercept and varies in size from less than 1 mm to more than 4 mm.

Exceptional assay results were intersected in the recent drilling. Hole ER07-87 averaged 136.8 g/t gold or 4 ounces per ton over a two-metre interval within the P Vein and hole ER07-98 cut a one-metre section of the R Vein, which assayed 1,313 g/t gold or 38.14 ounces per ton.

Drilling across the 450 West Zone at Eau Claire has confirmed excellent continuity of multiple gold-bearing veins, defining a high-grade corridor containing visible gold in the central part of the deposit. Visible gold was intersected in 34 of 51 drill holes within six different veins (H, I, P, JQ, R and S). Drilling at 12.5-metre centres indicates that high-grade gold appears to be evenly distributed both laterally along strike and vertically within the detailed drill area. A second drill program is now planned to develop and upgrade additional near-surface, high-grade resources east of the 450 West Zone.

The recent 12.5-metre drilling at Eau Claire has demonstrated a positive correlation of drill hole spacing with gold grade - gold grade appears to increase with closer drill spacing. The previously reported indicated resource grade for the deposit, based on 25 to 50 metre drill intervals, is 9.46 g/t gold. However, the composite surface grade of the deposit is 23.5 g/t or 0.70 ounces per ton gold, based on a 5-metre channel sample interval. A new resource calculation based on 12.5-metre drill intervals, which will follow the second tranche of detailed drilling, is expected for Q4 2008. To date the gold deposit contains in excess of 1,000 ounces of gold per vertical metre (NI-43-101- Dec 30, 2005; 2007 AIF).

 

51 HQ (96 mm diameter) drill holes (ER07-60 to ER07-110) were completed at the Eau Claire depositwithin the 450 West Zone, over a strike-length of 300 metres and to a vertical depth of up to 100 metres. From these holes, 1,980 half-metre core samples were submitted to SGS Minerals Lakefield Research Laboratories for assay and metallurgical testing. Assay results are pending for over 1,900 core samples of vein and schist material. See website for drill plan maps.

 

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

.

With its focus on the district of James Bay, Quebec, Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. Eastmain also holds interest in 12 projects within the district, including the Eleonore South property, where a new sedimentary-gold discovery has been found in a similar geologic setting to Goldcorp's Roberto deposit. The Company has a minimum budget of $3.75 million for gold exploration in Quebec.

 

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.

 

 

HOLE ID

Sample

VEIN

FROM

TO

Length

Au

Au

 

 

No.

ID

 

 

metres

G/T

oz/ton

 

 

 

 

 

 

 

 

 

 

ER07-62

C014790

JQ

52.2

52.7

0.5

52.0

1.52

 

ER07-62

C014791

JQ

52.7

53.2

0.5

12.6

0.37

 

ER07-63

175554

P

21

21.5

0.5

92.8

2.71

 

ER07-63

175560

JQ

37.9

38.4

0.5

0.5

0.01

 

ER07-64

175583

P

12.3

12.8

0.5

19.7

0.58

 

ER07-64

175590

JQ

17.4

17.9

0.5

16.7

0.49

 

ER07-65

175616

R

19.9

20.4

0.5

77.0

2.25

 

ER07-66

C011016

R

55.2

55.7

0.5

41.4

1.21

 

ER07-67

175631

JQ

22.5

23

0.5

24.6

0.72

 

ER07-67

175632

JQ

23

23.5

0.5

61.1

1.78

 

ER07-67

175639

R

37.7

38.2

0.5

30.1

0.88

 

ER07-68

175652

P

3.7

4.2

0.5

11.4

0.33

 

ER07-68

175653

P

4.2

4.7

0.5

24.5

0.72

 

ER07-68

175660

JQ

10.9

11.4

0.5

52.0

1.52

 

ER07-69

C011032

JQ

4.5

5

0.5

19.1

0.56

 

ER07-69

C011033

JQ

5

5.5

0.5

12.0

0.35

 

ER07-69

C011040

R

9.4

9.9

0.5

7.4

0.22

 

ER07-70

C011427

JQ

46.2

46.8

0.6

3.8

0.11

 

ER07-70

C011428

JQ

46.8

47.3

0.5

42.4

1.24

 

ER07-72

C014518

JQ

26.8

27.3

0.5

6.3

0.18

 

ER07-72

C014519

JQ

27.3

27.8

0.5

8.5

0.25

 

ER07-72

C014528

R

40.1

40.6

0.5

44.3

1.29

 

ER07-73

C014540

P

6.6

7.1

0.5

9.3

0.27

 

ER07-73

C014549

JQ

16.1

16.6

0.5

9.4

0.27

 

ER07-73

C014551

JQ

16.6

17.2

0.6

12.0

0.35

 

ER07-73

C014559

R

28.5

29

0.5

31.6

0.92

 

ER07-76

C011111

R

6.3

6.8

0.5

11.0

0.32

 

ER07-76

C011117

R

9.2

9.7

0.5

89.3

2.61

 

ER07-77

C011089

R

8.3

8.8

0.5

45.2

1.32

 

ER07-77

C011090

R

8.8

9.3

0.5

3.9

0.11

 

ER07-78

C014863

P

38.5

39

0.5

7.5

0.22

 

ER07-79

C011365

P

19.9

20.4

0.5

6.7

0.20

 

ER07-79

C011390

R

40.9

41.5

0.6

10.6

0.31

 

ER07-80

C156633

P

4.5

5

0.5

4.3

0.12

 

ER07-80

C156634

P

5

5.5

0.5

15.6

0.46

 

ER07-80

C156635

P

5.5

6

0.5

5.9

0.17

 

ER07-80

C156636

P

6

6.5

0.5

8.5

0.25

 

ER07-80

C156637

P

6.5

7

0.5

11.7

0.34

 

ER07-80

C156638

P

7

7.5

0.5

3.3

0.10

 

ER07-80

C156639

P

7.5

8

0.5

13.4

0.39

 

ER07-81

C011228

R

15.5

16.1

0.6

19.1

0.56

 

ER07-82

C014691

JQ

43.4

43.9

0.5

188.0

5.49

 

ER07-84

C011323

JQ

12.4

12.9

0.5

27.7

0.81

 

ER07-84

C011324

JQ

12.9

13.4

0.5

11.8

0.34

 

ER07-85

C011145

JQ

6.5

7

0.5

33.3

0.97

 

ER07-85

C011168

R

17.5

18

0.5

3.6

0.11

 

ER07-85

C011169

R

18

18.5

0.5

69.5

2.03

 

ER07-85

C011170

R

18.5

19

0.5

46.9

1.37

 

ER07-86

C156993

JQ

47.3

47.8

0.5

25.5

0.74

 

ER07-87

C011253

P

17.8

18.3

0.5

2.0

0.06

 

ER07-87

C011254

P

18.3

18.8

0.5

4.6

0.13

 

ER07-87

C011255

P

18.8

19.3

0.5

237.0

6.92

 

ER07-87

C011256

P

19.3

19.8

0.5

38.5

1.12

 

ER07-87

C011257

P

19.8

20.3

0.5

172.0

5.02

 

ER07-87

C011258

P

20.3

20.8

0.5

99.6

2.91

 

ER07-87

 

 

18.8

20.8

2.0

136.8

4.0

 

ER07-89

B032188

R

17

17.6

0.6

4.6

0.14

 

ER07-89

B032201

S

26.1

26.6

0.5

11.2

0.33

 

ER07-90

C014952

S

66.6

67.1

0.5

167.0

4.88

 

ER07-91

175087

S

52

52.5

0.5

10.3

0.30

 

ER07-92

175012

JQ

12

12.5

0.5

17.6

0.51

 

ER07-94

C156883

H

4

4.5

0.5

3.6

0.11

 

ER07-94

175512

R

57.3

57.8

0.5

23.5

0.69

 

ER07-95

175712

R

50.9

51.5

0.6

51.5

1.50

 

ER07-98

C014961

I

10.9

11.4

0.5

4.6

0.13

 

ER07-98

C014981

P

30.9

31.4

0.5

11.1

0.32

 

ER07-98

C014990

JQ

39

39.5

0.5

37.2

1.09

 

ER07-98

C156911

R

64.5

65

0.5

87.0

2.54

 

ER07-98

C156912

R

65

65.5

0.5

2540.0

74.17

 

ER07-98

 

 

64.5

65.5

1.0

1313.5

38.4

 

ER07-99

175138

P

17.5

18

0.5

6.0

0.17

 

ER07-99

175147

R

36.3

36.9

0.6

11.6

0.34

 

ER07-100

C156832

R

57.2

57.7

0.5

3.0

0.09

 

ER07-100

C156833

R

57.7

58.2

0.5

15.4

0.45

 

ER07-103

175095

I

11.9

12.4

0.5

4.4

0.13

 

ER07-103

175130

S

64.4

64.9

0.5

9.1

0.27

 

ER07-104

C156762

P

33.9

34.4

0.5

27.2

0.79

 

ER07-104

C156771

JQ

44.8

45.3

0.5

375.0

10.95

 

ER07-108

C156604

R

68.9

69.4

0.5

87.3

2.55

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

70.74

2.07

 

 

 

 

 

 

 

 

 

 

Note: Sample length represents true thickness. Assays are pending for 1,900 HQ drill core samples.

 

 

Chemical analysis was completed by SGS Minerals Don Mills Laboratories using a 50-gram split and gravimetric techniques. The visible gold samples were mechanically screened and assayed for metallics. Internal standards provided by an independent company and blank samples were inserted for quality control purposes..

 

 

 

 

 

 

 

 

 

Eastmain Resources Inc. | TSX:ER | 36 Toronto Street | Suite 1000 | Toronto | 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.
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12/14/2013Season's Greetings from Eastmain Resources
8/9/2013Analysts on Exploration Update in James Bay - Eastmain Resou...
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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
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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...
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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 ...
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4/14/2010(Eastmain Gold Mine)Eastmain Mine Property Drill Program
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Corporate news of Eastmain Resources Inc.
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3/20/2008Drilling underway at Eleonore South
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Last updated on : 1/23/2010
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2020175.00%0.320.06
 
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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$ 7.70-0.65%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$ 11.94+9.34%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 0.54-2.55%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$ 2.69+13.03%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$ 15.60+1.83%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%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+5.65%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.61+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$ 0.04+5.56%Trend Power :