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Eastmain Resources completes VTEM at the Clearwater Property

Mining News - Published on Wed, 13 Feb 2019

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Eastmain Resources Inc announced that the preliminary VTEM results identify a strong, 14 km-long anomalous electromagnetic trend, correlating well to the Knight-Serendipity volcano-sedimentary horizon, including the Percival Discovery. Percival is a hydrothermal gold system (strong sulphide-silica alteration) hosted in extensive package of felsic to mafic volcano sedimentary rocks. laude Lemasson, Eastmain President and CEO said “The VTEM results support our hypothesis that the east end of the Clearwater property has significant potential for sizeable gold deposits. The KS Horizon airborne surveys clearly demonstrate a 14 km prospective anomaly covering a portion of the 20 km Cannard Deformation Zone along which gold prospects continue to be uncovered. Drilling in 2019 is initially focused at Percival and we expect drilling results announcements to begin in early March."

The 550 line-kms VTEM survey grid covers approximately 12 kms of the KS Horizon including the Percival discovery. A VTEM survey was previously conducted over the Serendipity prospect in 2005 and traces the extension of the KS Horizon westward. Interpretation of the 2018 and 2005 VTEM surveys will continue through February and results will support exploration activities at the Percival Discovery and other prospective targets along the KS Horizon. New soil surveying and geological mapping in 2019 will include a focus on VTEM anomalies in this sector of the Clearwater Property.

Drilling began at Percival on January 31,2019, following the completion of the winter road access to the area. The winter drilling program consists of 20-holes, for a total of 5,500 m. Drilling is exploring the extent and continuity of Percival, including; testing interpretations for local faulting and large km-scale folding along the Cannard deformation zone where Percival is located to improve tracking mineralization found in the discovery holes (announced November 13, 2018).

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Posted By : Rabi Wangkhem on Wed, 13 Feb 2019
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