Eastmain Resources Inc. (TSE:ER) and Azimut Exploration Inc. (CVE:AZM) on Thursday released the results of channel sampling on the high-grade Moni gold prospect, as well as initial results from the first five holes of a 12-hole (2,510-metre) diamond drilling program completed this fall, on the Eleonore South joint venture property.
Among the top finds are 49.18 grammes per tonne over 4 metres at Channel 3 as well as 50.37 grammes over 3.5 metres at Channel 4.
The second phase of the 5,000-metre drilling program will begin after all results of the first phase have been received and compiled. The Eleonore South Property is located in a highly prospective part of the Eleonore mining camp in the James Bay region of Quebec.
Gold mineralization appears to be associated with a late-magmatic intrusion-related hydrothermal system with considerable exploration potential. The prospective corridor covers an area at least 3 to 4 kilometres long by some 500 metres wide, located along the margins of the tonalite intrusion, close to or at the contact with surrounding meta sediments.
Story by ProactiveInvestors