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Eastmain drills 10.5 m of 42.4 g/t Au says “encouraging”

Monday, November 14, 2016 12:33
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Eastmain Resources Inc. (TSE:ER) said on Monday it drilled up to 42.4 g/t of gold across 10.5 metres at its Eastmain mine project in the James Bay district of Quebec, and said results were “encouraging”.

The company released results from an initial nine drill holes (2,718 metres) in a 23-hole (7,500 m) programme.

The highlights included:

  • EM16-76 (JULIEN): 42.4 g/t Au, 30.2 g/t Ag and 0.53% Cu over 10.5 m, including 219 g/t Au, 153 g/t Ag and 2.54% Cu over 2.0 m which includes 752 g/t Au, 464 g/t Ag and 4.47% Cu over 0.5 m;
  • EM16-78 (HILLHOUSE): 6.85 g/t Au over 2.5 m, including 10.6 g/t Au over 1.5 m.

  Eastmain Mine

Assays from the first 4 drill holes totalling 1,674 m, are from the Julien and Hillhouse targets (FIGURE 1). The two targets are located along the mine trend 2.5 km NW and 1.5 km NW, respectively, from the historic Eastmain Mine deposit. The 2016 Eastmain Mine Project drilling is designed to identify additional mineralized zones along the mine trend, hosting the historic high-grade Eastmain Mine deposit. Exploration work prior to 2014 identified satellite targets, which was followed by additional mapping, overburden stripping and channel sampling conducted in mid-2016. The 2016 exploration program has focused northwest of the Eastmain Mine deposit to date, particularly at the Julien, Suzanna and Hillhouse targets.


Julien Target

Hole EM16-76 intersected a significant assay of 42.4 g/t Au, 30.2 g/t Ag and 0.53% Cu over 10.5 m within an altered rhyolite unit hosting a mineralized quartz vein with visible gold, at 15 m vertical depth. The unit is 400 m east across dip of the mine trend, in a potential new parallel zone. EM16-76 also intercepted the extension of the mine trend mineralization at 327 m vertical depth.

The drill hole is collared 25 m northeast of a quartz-vein outcrop with grab values up to 30.9 g/t Au, 24.9 g/t Ag and 1.12% Cu (see Fiscal Year 2013 Management’s Discussion and Analysis).


Hillhouse Target

Holes EM16-77 and EM16-78 both intercepted shallow mineralization. Visible gold was observed in EM16-78 and returned 6.85 g/t Au over 2.5 m, including 10.6 g/t Au over 1.5 m at a vertical depth of 12.1 m.

Hole EM16-78 tested continuity from the mineralized lens discovered in Trench EM16-H2, which returned values of 26.0 g/t Au over 2.2 m including 55.7 g/t Au over 0.7 m (see press release dated October 5, 2016). The mineralization is associated with a massive sulfide layer hosted in mineralized chert and is similar to the Eastmain Mine deposit.

“The first drill results of the exploration program at the Eastmain Mine Project are very encouraging. We intersected shallow gold/silver/copper mineralization on two separate target areas, and believe these to be potential parallel horizons to the mine trend,” said Claude Lemasson, Eastmain President and CEO.

“In addition, we are seeing continuity between trenching and drilling starting to take shape. The results are especially significant as the new mineralized horizons are within 2.5 km of the historic deposit. With additional drilling and trenching assays pending, we continue to work on tapping into the exploration opportunity at the property,” he added.

Story by ProactiveInvestors


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