Eastmain Resources Inc.: Clearwater Project High-Grade Gold Extends Below Soccer Field Showing
Published : November 08, 2012
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TORONTO, ONTARIO--(Marketwire - Nov. 8, 2012) - Eastmain Resources Inc. (News - Market indicators) is pleased to announce drill assay results for its 100%-owned Eau Claire gold deposit (Clearwater Project), located in the James Bay, Middle North region of Québec. This phase of drilling has been successful in expanding the resources of the Eau Claire gold deposit, with over 80 gold-bearing drill intersections exceeding the resource cut-off grades received to date. Both high-grade gold veins and wider zones of gold mineralization have been detected within the 450 and 850 West Zones in multiple drill holes. 90 drill holes totaling 34,211 metres have been completed to date in 2012. The objective of the current program is to expand the Eau Claire gold deposit to between two million to 2.3 million ounces, including a million ounces of potential open pit resources, principally in measured and indicated classifications.1,2

Assay highlights from the drill program include:

850 West Zone

- 2.57 g/t Au over 15.0 m (including 12.6 g/t Au and 21.4 g/t Te over 2.5 m) in hole ER12-388
- 3.09 g/t Au over 13.5 m (including 10.10 g/t Au and 10.0 g/t Te over 3.0 m) in hole ER12-391
- 1.60 g/t Au over 24.0 m (including 3.89 g/t Au and 4.16 g/t Te over 6.5 m) in hole ER12-411**
- 41.62 g/t Au over 2.0 m (including 148.0 g/t Au and 173.0 g/t Te over 0.5 m) in hole ER12-411
- 11.04 g/t Au over 6.5 m (including 19.1 g/t Au over 3.5 m) in hole ER12-412**

**Note this assay interval for hole 411 does not include four 0.5-m samples containing in excess of 250 grains of visible gold, and the above interval for hole 412 does not include one 0.5-m sample containing 35 grains of visible gold. Assay data is pending and these intervals have been diluted at a zero grade.

2012 drilling has confirmed near-surface, high-grade gold mineralization in vein V19, which is located in the northern portion of the 850 West Zone (holes 388 and 391) and in veins V9 and V10 (holes 411 and 412) drilled below the "Soccer Field". Holes 411 and 412 were collared below a high-grade showing in the Soccer Field trench, which assayed 16.4 g/t Au over 13.5 m, including 268.0 g/t Au over 0.5 m.

450 West Zone

- 4.70 g/t Au over 5.0 m (including 9.33 g/t Au and 11.0 g/t Te over 2.0 m) in hole ER12-380
- 24.0 g/t Au over 1.5 m (including 67.1 g/t Au and 87.3 g/t Te over 0.5 m) in hole ER12-389
- 2.49 g/t Au over 18.0 m (including 15.3 g/t Au and 21.9 g/t Te over 3.0 m) in hole ER12-395

2012 drilling confirms that gold mineralization continues between the 450 and 850 West Zones, in the area referred as the Gap Zone, and also extends north of the Eau Claire deposit. Over 55 significant drill intersections have been confirmed from the T Vein group, located north of the current resource limits. The current 40,000-metre drill program is 85% complete, with assay data pending for holes 406 through 435. Assay data is also pending for samples containing visible gold from holes 406, 407, 408, 410, 411, 412, 421, 422, 426, 427, 430, 432 and 435. A table of significant assay results for the 2012 drilling program at Clearwater, together with maps and figures, has been posted on the Company's website at www.eastmain.com.

According to Dr. Robinson, Eastmain's President & CEO, "The recent resource update for the Eau Claire gold deposit (Oct 11, 2012 News Release) demonstrates that the Clearwater Project is amongst an exclusive group of high-grade gold deposits in North America with near-term potential exceeding two million ounces1,2, half of which may be amenable to extraction through open pit methods. To date, 207 drill holes have defined 348 intersections containing very-fine-grained, micron-sized gold and telluride particles, well suited for both gravity and flotation recoveries. Preliminary studies completed by SGS Lakefield Research suggest gold recoveries of up to in excess of 92 to 95% by these methods alone." Robinson adds "Two drills are currently focused on the testing the lateral and northern limits of the potentially open pitable Eau Claire gold resources."

With regard to Eastmain's latest resource estimate update, Eugene Puritch, P.Eng. President of P&E Mining Consultants Inc. and principal Independent Qualified Person for this project has the following comment: "The Eau Claire Deposit 450 and 850 Zones have exhibited open pit and underground resource gold grades in excess of 4.0 g/t and 7.0 g/t respectively, the likes of which are not often found in this geological and geographical setting. The open pit gold grade in particular is in the order of 3 or 4 times that of which many other exploration projects have recently reported. Additionally, the underground gold grade is also in the order of 50% higher than recent comparable projects. With these high-grade resources, close proximity to custom processing facilities, a road and power, the prospect of a positive economic analysis is very encouraging."

Eugene Puritch, P. Eng., President of P&E, and Dr. Donald J. Robinson P. Geo, President and Chief Executive Officer of Eastmain, both Qualified Persons under National Instrument 43-101 have reviewed and approved the technical data presented in this press release.

Chemical analysis was completed by ALS CHEMEX Laboratories using a 50-gram split and gravimetric techniques. Internal standards provided by an independent company and blank samples were inserted for quality control purposes. Assay samples are taken from HQ core, sawed in half along the core axis, with one half sent to a commercial laboratory and the other half retained for future reference. Sample length approximates true thickness. Core samples are crushed and split with 1 kg pulverized for assay. Core samples containing visible gold were also analyzed by screen metallic methods. Screen metallic samples are screened to 100 microns. 50-gram splits are then fire-assayed using an AAS finish methods.

  1. The current near-term exploration target objective of 2.0 to 2.3 million ounces of gold has been estimated as a potential 25 to 40% increase from recently reported resources of 4,871,000 tonnes Measured and Indicated Resources (M&I) grading 4.60 g/t of gold containing 721,000 oz. and a potential 10 to 15% increase from recently reported Inferred Resources (Inf.) of 6,431,000 tonnes at 5.25 g/t for 1,122,000 ounces of gold (Oct 11, 2012).
Estimated Increase Tonnes Grade (g/t) Ounces
M&I at 25% Increase 6,088,750 4.60 901,250
M&I at 40% Increase 6,819,400 4.60 1,009,400
Inf at 10% Increase 7,074,100 5.45 1,234,200
Inf at 15% Increase 7,395,650 5.45 1,290,300
  1. The above estimates are based on analysis and geologic information obtained from the drilling of 34,211 metres during the 2012 exploration program. However, as per NI43-101/2.3(2a) this target potential is conceptual in nature and it is uncertain whether this drilling and further exploration will results in additional resources at this time.

About Eastmain Resources Inc. (News - Market indicators)

Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. The Corporation has $10 Million in working capital and holds a pipeline of exploration projects within the James Bay District, including the Éléonore South property. Eastmain has allocated $7 million for drilling the Eau Claire deposit in 2012.

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.

Eastmain Resources Inc.
Dr. Donald J. Robinson
(519) 940-4870
(519) 940-4871 (FAX)
Eastmain Resources Inc.
Catherine Butella
Exploration Manager
(519) 940-4870
(519) 940-4871 (FAX)

Eastmain Resources Inc.

ISIN : CA27743M1068
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Eastmain Res. is an exploration gold and lead company based in Canada.

Eastmain Res. holds various exploration projects in Canada.


Eastmain Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 46.5 millions as of today (US$ 36.0 millions, € 30.8 millions).

Its stock quote reached its lowest recent point on December 28, 2001 at CA$ 0.10, and its highest recent level on January 07, 2011 at CA$ 2.17.

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
12/31/2012Closes $3M Private Placement Financing With Goldcorp Inc.
12/22/2012arranges $3M Private Placement Financing with Goldcorp Inc.
12/2/2011Completes $5.75M Private Placement Financing
12/31/2010$ 178,250 Private Placement & Drilling Update Eau Claire
12/7/2010Completes Private Placement
11/9/2010Announces Private Placement
9/15/2010Closes Private Placement
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
12/18/2012Clearwater Project: High-Grade Gold Extends Below Soccer Fie...
12/18/2012Season's Greetings from Eastmain Resources
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
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...
1/13/2011(Eastmain Gold Mine)Mine Drilling 16.32 grams Gold per tonne over 5.5 metres inc...
9/24/2010(Eastmain Gold Mine)Mine B Zone Drilling 12.2 grams per tonne Au over 9.5 metres
9/21/2010(Eleonore South)Eleonore South JV Project Drill Program Underway
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.
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7/12/2016Eastmain Resources Announces a $1.3 Million Exploration Prog...
7/4/2016Eastmain Resources Continues to Strengthen Its Senior Manage...
6/16/2016Eastmain Resources and Partners Commence a $2 Million Explor...
6/8/2016Eastmain Resources Files its Second Quarter Financial Statem...
5/31/2016Eastmain Resources Appoints Joe Fazzini as Chief Financial O...
5/2/2016Eastmain Resources Announces Results of Annual and Special M...
4/29/2016Eastmain Resources Announces Management Changes
4/20/2016Eastmain Resources Announces Amendments to Stock Option Plan...
4/18/2016Eastmain Resources Inc. - Shareholder Update
4/8/2016Integra Gold Corp. Announces Strategic Investment in Eastmai...
3/30/2016Eastmain Resources Chairman Confirms Support for Management
3/29/2016PRESS DIGEST- Canada- March 29
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11/10/2015Eastmain Appoints Claude Lemasson to Board of Directors as i...
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...
6/12/2015Eastmain Resources Inc.: Lac Lessard Project Drilling High-P...
6/12/2015Eastmain Files NI 43-101 Technical Report for the Eau Claire...
5/13/2015Eastmain's Lac Lessard Project: Drilling High-Priority VTEM ...
5/1/2015Eastmain Reports Voting Results From Annual General Meeting
4/27/2015Eastmain Appoints Dr. John Hansuld Lead Director
4/27/2015Eastmain Releases Updated Mineral Resource Statement
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
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1/27/2015Eastmain Resources Inc.: 2015 Corporate Update-$4M Explorati...
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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...
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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
12/18/2012Arranges $4.31M Private Placement Financing
11/15/2012at the 2012 Quebec Mining Exploration 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
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
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