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Eastmain Resources Inc.

Publié le 18 décembre 2008

Eau Claire: 17.99 g/t Au over 4.7 m in T Vein series - 100 vein intersections at 1.05 ounces gold pe

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Eastmain Resources Inc.
News Release
TSX: ER

ER Logo

December 18, 2008

 
17.99 g/t Au over 4.7 m in T Vein series
100 vein intersections at 1.05 ounces gold per ton
 
Eastmain Resources Inc. (TSX: ER) announces assay data from the remaining 44 drill-holes on its wholly-owned Eau Claire Gold Deposit located in James Bay, Northern Quebec (Table 1- See website.) Highlights include 17.99 g/t Au (0.53 ounces) over 4.7 metres in hole ER08-136, 13.76 g/t Au (0.40 ounces) over 2.5 metres in hole ER08-137, 9.93 g/t Au (0.29 ounces) across 5.5 metres in hole ER08-155 and 15.02 g/t Au (0.44 ounces) in hole ER08-172.

64 holes totaling approximately 11,500 metres were completed during 2008. In addition to testing the Main Group of Veins, the recent program tested the deposit north of the known resource, where 60 gold-bearing intervals intersecting the newly discovered T Vein series also include assays of 24.57 g/t Au (0.72 ounces) over 3.0 metres in hole ER08-145, 15.49 g/t Au (0.45 ounces) over 3.0 metres in hole ER08-148 and 74.15 g/t Au (2.17 ounces) over a metre in hole ER08-132.
 
Over the past 12 months the Corporation has completed 105 HQ drill holes at Eau Claire totaling 15,000 metres with the objective of defining high-grade, near-surface measured resources. 200 gold-bearing vein intervals were intersected with an average grade of 17.56 g/t Au or 0.51 ounces per ton over an average thickness of 1.28 metres (Table 1- See website). 100 vein intervals have an average grade of 35.87 g/t Au or 1.05 ounces gold per ton over an average width of 1.26 metres and 25 vein intervals contain an average of 100.91 g/t Au or 2..95 ounces gold per ton.

Work completed during its 2007-2008 campaign has enabled Eastmain to identify important deposit- and district-scale controls for gold mineralization. Definition drilling, using large diameter (HQ) core, has expanded the lateral and vertical continuity of the high-grade, gold-bearing quartz-tourmaline veins at Eau Claire. Drilling to date has been completed along a length of 600 metres to vertical depths of up to 200 metres, across a corridor approximately 200 metres wide. Over 300 gold-bearing intersections have been delineated near surface, within the Main Group of Veins and T Vein Group at the 450 West Zone.
 
Future exploration objectives include a winter drill program focused on expanding the high-grade central portion of the Main Group of Veins; exploration drilling north of the resource to evaluate near-surface and depth potential of the T-Vein series and property-wide exploration to search for a second gold deposit.

"Drilling at Eau Claire over the past 12 months has delivered an impressive tally of high-grade gold assay results, over a large area near surface. Two hundred intersections at half an ounce of gold and one hundred vein intervals at one ounce gold per ton reinforces our premise that increasing the core diameter combined with a tighter drill spacing will have a positive net impact on gold grade and vein geometry. We have identified a new group of veins and additional controls to the gold mineralization, which will add to the future resource base." stated Don Robinson, President and CEO of Eastmain.

This news release was prepared by Dr. Donald Robinson, P. Geo., the qualified person supervising the project in accordance with NI 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 in excess of $20 Million in working capital and holds an interest in 12 projects within the James Bay District, including the Eleonore South property, where a gold discovery has been found in a similar geologic setting to Goldcorp's Roberto deposit. Eastmain has an annual budget of $4 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.   

"Building for tomorrow, today!"
   
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Eastmain Resources Inc. | 36 Toronto Street | Suite 1000 | Toronto | Ontario | M5C 2C5 | Canada
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Eastmain Resources Inc.

EXPLORATEUR
CODE : ER.TO
ISIN : CA27743M1068
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Eastmain Res. est une société d’exploration minière d'or et de plomb basée au Canada.

Eastmain Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont 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 et CLEARWATER / EAU CLAIRE au Canada.

Eastmain Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 48,2 millions CA$ (36,8 millions US$, 31,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 07 janvier 2011 à 2,17 CA$, et son plus bas niveau récent le 03 avril 2020 à 0,06 CA$.

Eastmain Res. possède 175 430 000 actions en circulation.

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Présentations des Compagnies de Eastmain Resources Inc.
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Rapports annuels de Eastmain Resources Inc.
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2007 Annual report
2006 Annual report
Financements de Eastmain Resources Inc.
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