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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.

Thursday, September 24, 2009

Eastmain Resources finds new gold prospect at Clearwater, Quebec

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Eastmain Resources Inc (TSX: ER) announced the discovery of a new gold target at its wholly-owned Clearwater project in James Bay, Northern Quebec.

Surface prospecting this summer led to the discovery of the Boomerang Prospect, where a composite grab sample of vein material, located one-half kilometre east of the Eau Claire gold deposit, assayed 254 grams per ton of gold, 640 g/t silver and 500 g/t tellurium.

Other anomalous samples within the Boomerang Prospect area include 30.6 g/t Au and 9.04 g/t Au in volcanic/sedimentary rocks, located up to eight kilometres east of the deposit. The Boomerang prospect contains a highly enriched gold-tellurium metal signature similar to Eau Claire. Boomerang will be drill-tested in future programs.

The current drill program is focused on defining a measured, near-surface resource for potential extraction by open pit methods. A total of 7,400 metres of drilling, to test the Main Group of Veins within the central portion of the deposit and the T-Vein series, found north of the previously defined gold resource, has been completed to date. Drilling will continue throughout the quarter.

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