Aug 10 2017
Eastmain Resources Inc. is pleased to announce that Phase 1 of the 8,000 m, two-phase, diamond drilling program has begun at the Éléonore South JV Property.
The drilling is part of a comprehensive $3.9 million program, following up on the 2016/2017 drill program (see press release dated July 20, 2017) and guided by additional surface geological and geophysical exploration underway on the Property. The Property is adjacent to Goldcorp's Éléonore Gold Mine property in James Bay, Québec (FIGURES 1-2).
Phase 1 is comprised of 20 holes (4,400 m) to be undertaken from early August to October. Phase 1 targets include:
- Follow-up drilling to assess the grade and extension of the significant drilling results intersected in the tonalite intrusion, including 4.9 g/t Au over 45.0 m (Hole ES17-64) and 0.65 g/t Au over 144.0 m (Hole ES17-60) and to extend drilled geological sections southwards to the tonalite contact with metasediments. Nine (9) holes, totalling 2,250 m, are planned for this part of the program.
- Continued drill testing of the NE-SW striking, 4 km long by 500 m wide gold-bearing corridor outlined on the Property. This corridor corresponds to the extension of the known hydrothermally altered tonalite intrusion successfully tested in the 2016-2017 drill program and its contact with metasediments. An area located south of the JT Prospect, marked by the changing direction of the intrusion contact, is one of the priority targets to be tested. Five (5) holes totalling 1,250 m are planned for this part of the program.
- An additional 900 m (6 holes) will be allocated to drill test new targets developed from surface exploration (see press release dated July 20, 2017) which is now underway and will continue during the remainder of the season.
Phase 2, comprised of 3,600 m, will begin in January following a full assessment of the Phase 1 results.
About the Eleonore South Joint Venture Property
The Éléonore South Property is being explored as a three-way Joint Venture between Eastmain Resources Inc. (36.7%), Azimut Exploration Inc. (TSX VENTURE:AZM) (26.6%), and Les Mines Opinaca Ltée ("Opinaca") (36.7%), a wholly-owned subsidiary of Goldcorp Inc. (TSX:G)(NYSE:GG). Azimut is the operator of the current program.
This press release and information provided by the operator of the Éléonore South JV, was reviewed by William McGuinty, P. Geo., Eastmain's VP Exploration and a Qualified Person under National Instrument 43-101.
To view FIGURES 1-2, please click on the following link: http://www.eastmain.com/_resources/news/Images/ER-170809-Fig1-2.pdf
Source: http://www.eastmain.com/