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Market: TSX
Sector: Gold Mining
Epic: ER
News: Latest news
Web Site: Eastmain Resources
Other Articles: 04-06-201001-06-201015-04-2010

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Eastmain Resources

Eastmain Resources

Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. The Corporation has in excess of $20 Million in working capital and holds an interest in 12 projects within the James Bay District, including the Éléonore South property, where a gold discovery has been found in a similar geologic setting to Goldcorp’s Roberto deposit. Eastmain has an annual budget of $4 million for gold exploration in Québec.

Tuesday, April 21, 2009

Eastmain Resources reports visible gold intersected in 27 veins

by Sam Kiri company news image

News flow continues from Toronto listed Eastmain Resources Inc. (TSX: ER). The company’s flagship project, Eau Claire Gold Deposit saw extensive development work over the last few months and the company announced assay data from 5 of 20 drill holes completed during the winter campaign.

The Eau Claire gold deposit in fact forms a part of Eastmain’s Clearwater Property, which is host to one of three known gold deposits in the James Bay region of Québec. Surface trenching and diamond drilling have outlined an indicated and inferred gold resource in excess of 4 million tonnes, containing approximately one million ounces of gold. The Eau Claire gold deposit consists of multiple, parallel veins of quartz and tourmaline that have been traced for 1.5 kilometres in length and to a depth of 750 metres. The deposit is open laterally to the east and at depth.

 

A total of 6,650 metres of drilling was completed during the 2009 winter program to test the Main Group of Veins within the central portion of the deposit. Highlights of the first five holes include,: 38.58 g/t Au (1.13 ounces per ton) over 1.5 metres, including 81.0 g/t Au (2.37 ounces per ton) over 0.5 metres in hole ER09-177; 33.41 g/t Au (0.98 ounces per ton) over 1.5 metres, including 69.1 g/t Au (2.02 ounces per ton) over 0.5 metres in hole ER09-180; and 19.26 g/t Au (0.56 ounces per ton) over 1.5 metres in hole ER09-181. Assay data is pending for the remaining 15 drill holes.


The large diameter drilling has been very successful in confirming the lateral and vertical continuity of the Main Group of Veins within the Eau Claire gold deposit and in defining new veins which are not part of the previous resource calculation. Future exploration objectives include a summer drill programme focused on testing the new T-Vein swarm, located north of the deposit, and continued drill-testing high-grade veins located southeast of the 450 West Zone.

Don Robinson, President and CEO stated that hundreds of high-grade gold intersections, obtained over the past 16 months, will have a positive impact on the size and grade of the deposit. The currently reported resource calculation, completed in 2005, was based on 182 drill intersection. Eastmain now has more than double that number of intersections, with many at much higher grades than those previously used in calculating the Eau Claire gold resource. An additional 328 gold intercepts are a direct result of closer-spaced drilling using larger diameter drill core stated Robinson. The abundance of free gold within the deposit signifies that an extremely rich, gold-bearing mineral system was active at Eau Claire and also suggests that a portion of the contained gold within the deposit will be amenable to simple gravity separation techniques during the milling process.

About Eastmain

Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. The Corporation has in excess of $20 Million in working capital and holds an interest in 12 projects within the James Bay District, including the Éléonore South property, where a gold discovery has been found in a similar geologic setting to Goldcorp’s Roberto deposit. Eastmain has an annual budget of $4 million for gold exploration in Québec.

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