Eastmain Resources Inc.

Published : November 14th, 2014

Eastmain Resources Inc.: Clearwater Project; Boomerang Showing Grab Sample 188 g/t Au, 828 g/t Ag, 600 g/t Te; Eau Claire Extension Channel Samples Up to 76.8 g/t Au

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Keywords :   Diamond | Eau | Gold | Silver |

Eastmain Resources Inc.: Clearwater Project; Boomerang Showing Grab Sample 188 g/t Au, 828 g/t Ag, 600 g/t Te; Eau Claire Extension Channel Samples Up to 76.8 g/t Au

TORONTO, ONTARIO--(Marketwired - Nov 14, 2014) - Eastmain Resources Inc. (ER.TO) announces an update on channel and rock sampling recently completed at its wholly-owned Clearwater Project, located in James Bay, Quebec. Rock sampling from the Boomerang showing assayed very high gold-silver-tellurium (Au-Ag-Te) values in both vein and host rock. Surface stripping has also exposed more high-grade gold-bearing quartz tourmaline veins along the north margin of the 450 West Zone, with 0.5 metre-wide samples ranging from 2.05 to 76.8 grams per tonne (g/t) Au. The Company is preparing for a fall drill program with the objective of outlining additional gold resources outside the footprint of the Eau Claire gold deposit.

1,793 channel samples and 636 rock samples from Clearwater have been submitted for assay this season. In excess of 100 rock samples, containing anomalous gold values ranging from 0.10 to 188 g/t, occur within a mineralized system extending both east and west of the Eau Claire deposit, delineating a highly-prospective gold-enriched footprint covering 7.5 kilometres. Numerous quartz-tourmaline veins and altered zones, closely resembling those hosting the Eau Claire gold deposit, were exposed along this 7.5-km-long trend during the 2014 trenching program. This mineralized corridor is associated with a sub-parallel trending regional "crustal-scale" structural break, which runs along the southern portion of the Clearwater property and extends through several other properties held by Eastmain. Major structural breaks occur in most Archean gold camps and are thought to be closely associated with many economic gold deposits throughout the world. Assay data is pending for over a thousand channel samples.

New rock sampling in the vicinity of the Boomerang showing, located 700 metres east of Eau Claire assayed 188 g/t Au, 828 g/t Ag and 600 g/t Te in a quartz-tourmaline vein containing abundant fine grained visible gold and tellurides. The host sediment also assayed 104.5 g/t Au, 537 g/t Ag and 418 g/t Te (Table 1).

2014 surface stripping along the northern extension of the 450 West Zone has exposed multiple 0.5- to 5.0-metre-wide quartz-tourmaline veins and alteration zones. These prolific zones are generally 10- to 50-metres long and range from 1.19 g/t Au over 5.0 metre widths to 25.0 g/t Au over a width of 1.6 metres. They occur north and parallel to the very high grade P, JQ and R veins, which have been exposed for a length of 200 metres and comprise the main

450 West showing. Additional stripping to exposure potentially open-pittable resources at surface is warranted along the northern and eastern boundaries of the 450 West outcrop.

A fall Diamond drill program, with the objective of locating a second 450 West Zone, lateral to the Eau Claire gold deposit, is expected to begin before the end of the month.

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. Internal standards provided by an independent company and blank samples are inserted for quality control purposes. Chemical analysis was completed by ALS CHEMEX Laboratories. A 50-gram split of each sample is analyzed using multi-element ME-MS, gold ICP, AA, Fire Assay and gravimetric techniques.

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. Clearwater Project ‐ 2014 Channel and Rock Sample Highlights
SAMPLE_ID Au
g/t
Ag
g/t
Te
g/t
Length
(m)
TARGET ID EASTING NORTHING
Q810296 16.25 3.80 22.40 0.50 450W‐JQ56c 444,299 5,785,472
Q810360 2.99 0.47 2.82 0.50 450W‐JQ59b 444,278 5,785,466
Q810361 6.64 1.21 6.81 0.50 450W‐JQ59c 444,278 5,785,466
Q810367 2.05 0.55 2.94 0.50 450W‐JQ60c 444,277 5,785,466
Q810255 2.50 0.91 3.84 0.50 450W‐NE‐2a 444,384 5,785,467
Q810256 4.15 1.72 5.73 0.50 450W‐NE‐2b 444,384 5,785,468
Q810232 14.60 2.46 10.05 0.50 450W‐R255f 444,363 5,785,474
Q810211 4.96 1.38 6.68 0.50 450W‐S10f 444,370 5,785,491
Q810217 5.57 0.77 7.13 0.50 450W‐S10l 444,370 5,785,494
Q810203 20.20 7.04 28.70 0.50 450W‐S11c 444,373 5,785,490
Q810224 2.19 0.32 2.03 0.50 450W‐S5b 444,355 5,785,489
Q810168 76.80 22.40 85.60 0.50 450W‐S5c 444,355 5,785,489
Q810171 10.75 3.67 21.20 0.50 450W‐S6a 444,356 5,785,489
Q810180 4.51 0.75 7.21 0.70 450W‐S6i 444,357 5,785,490
Q810181 3.03 0.38 5.70 0.40 450W‐S6j 444,357 5,785,490
Q810192 7.38 1.41 10.30 0.50 450W‐S7d 444,359 5,785,491
Q810196 2.62 1.19 4.45 0.70 450W‐S7h 444,359 5,785,492
Q197769 2.29 0.81 2.39 0.50 CL 448,397 5,785,450
Q216618 62.40 0.67 0.54 0.50 CL 448,454 5,785,065
Q216620 21.50 0.65 0.19 0.50 CL 448,452 5,785,065
Q216621 15.30 1.32 0.31 0.50 CL 448,453 5,785,065
Q804371 2.86 0.72 2.75 0.50 EC 445,223 5,785,271
Q804375 3.20 1.70 4.62 0.50 EC 445,245 5,785,302
Q197913 8.22 3.91 18.05 1.00 EC 445,797 5,785,579
Q197850 188.00 828.00 600.00 GB BM 445,053 5,785,483
Q197967 13.65 4.78 200.00 GB BM 445,864 5,785,521
Q197998 22.20 3.84 20.70 GB BM 444,718 5,785,239
Q804601 104.50 537.00 418.00 GB BM 445,053 5,785,483
Q197658 10.2 0.94 1.16 GB CL 448,455 5,785,071
Q216617 6.41 0.33 0.63 GB CL 448,452 5,785,066
Q197861 7.69 1.46 13.20 GB EC 444,833 5,785,270
Q197865 7.95 1.36 13.70 GB EC 444,699 5,785,247
Q197867 30.00 3.75 36.00 GB EC 444,824 5,785,377
Q197872 5.30 1.65 6.47 GB EC 444,665 5,785,275
Q197873 8.19 1.00 9.04 GB EC 444,828 5,785,274
Q197891 76.60 19.85 113.50 GB EC 444,953 5,785,302
Q197892 7.40 2.26 10.10 GB EC 444,955 5,785,305
Q197894 22.60 2.33 24.30 GB EC 444,616 5,785,235
Q197896 9.16 1.92 15.55 GB EC 444,571 5,785,280
Q197898 17.00 3.70 21.10 GB EC 444,562 5,785,274
Q197960 29.80 3.94 29.10 GB EC 444,825 5,785,163
Q197983 9.93 0.91 6.29 GB EC 445,059 5,785,368
Q197996 25.10 6.52 27.60 GB EC 444,668 5,785,276
Notes: 450W ‐ 450 West Zone; EC ‐ Eau Claire deposit area; BM ‐ Boomerang area; CL ‐ Clovis area;
GB ‐ grab rock sample
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Eastmain Resources Inc.

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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...
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
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