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Eastmain Resources Announces Final Assay Results

Mining News - Published on Fri, 13 Sep 2019

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Eastmain Resources Inc, a gold exploration and development company operating in Eeyou Istchee, James Bay, Quebec, reported channel sampling assay results and final high density prospect sampling results from its summer exploration campaign at the Company’s 100%-owned Clearwater Property. A 20-hole drill program is now underway at Percival, Caradoc and the new target areas, with 13 holes complete, with assays pending. The final results from the summer campaign include channel sample and grab sample assays from 12 of 14 trenches. The sampling targeted a 2.5 km segment of the south limb of the Knight-Serendipity Volcano-sedimentary Horizon from the Knight showing to the Caradoc showing, over the Percival Discovery. The complete program comprised high-density surface prospecting and rock sampling over VTEM conductors, geological mapping, mechanized trenching and channel sampling over the entire KS Horizon.

Claude Lemasson, Eastmain President and CEO commented, “These results reinforce our decision to focus our exploration efforts to the east of the Eau Claire Project at the KS Horizon. While Eau Claire advances through pre-development and permitting activities, our exploration team is discovering banded iron formations (BIF) and associated gold mineralization within 14 km of the Project. We find this a tremendous opportunity for our team to potentially make several related gold discoveries along the KS Horizon.”

Caradoc and KS Horizon Trenching – Gold values up to 1.23 gram per tonne Au over 27.2 m have been sampled in iron formation related stratigraphy. Exposed significant silicified breccias with mineralization adding to the potential for an iron formation related gold host.

KS Horizon North Limb High-Density Surface Prospecting - Sampling results from the north limb of the volcano-sedimentary belt have returned anomalous geochemical arsenic (As) in rock samples that coincide with previously selected VTEM geophysical anomalies. Additional field follow-up will be completed in advance of trenching and drill target selection.

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Posted By : Rabi Wangkhem on Fri, 13 Sep 2019
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