Eastmain Resources Inc. is a Canadian exploration company. The Company is actively exploring for gold and base metal deposits within Eastern Canada. Eastmain owns 100% of the Eau Claire gold deposit and has significant land holdings covering key geology adjacent to the Eléonore discovery and the Eastmain gold mine.
Eastmain Resources hires SRK to prepare new Eau Claire gold resource estimate
Eastmain Resources (TSX:ER) has hired SRK Consulting to audit the Eau Claire mineral resource estimate and prepare an Independent NI 43-101 Technical Report, expecting to release the new mineral resource estimate upon the completion of the audit, adding there was “excellent potential” to increase the gold resource at Eau Claire.
The 2010 resource evaluation will include all drilling within the Eau Claire gold deposit to November 2009 and incorporate all vein intersections from 181 drill holes completed in the upper 1/3 of the deposit during the November 2007 to November 2009 programs.
A new group of veins, discovered while drilling the upper portion of the deposit, are open laterally and vertically at depth and require additional drilling to define their resource potential. Drilling will also be aimed at defining the grade and vein morphology of a series of high-grade veins, previously delineated by surface stripping and drilling west of the Eau Claire deposit, at the 850 West zone and of the main group of veins at a depth below 300 metres.
The 2010 exploration program will focus on the continued expansion of the deposit through drilling below 300 metres depth, also concentrating on defining and testing additional targets along two regional trends, both east and northwest of the Eau Claire gold deposit to search for a second deposit.
The company added that there was additional mineral resource potential immediately east of the Eau Claire deposit, at the newly discovered high-grade Boomerang prospect.
Eastmain has allocated a minimum C$3 million budget to the project.
Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. The Corporation has $21 Million in working capital and holds an interest in 12 projects within the James Bay District, including the Eleonore South property. Eastmain has allocated a budget of C$7.5 million for gold exploration in Quebec for 2010.