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Eastmain Reports Final Assay Results from the KS Horizon Summer Exploration Campaign, Clearwater

Nachrichtenquelle: Business Wire (engl.)
10.09.2019, 16:01  |  1679   |   |   

Eastmain Resources Inc. (“Eastmain” or the “Company” - TSX:ER, OTCQX:EANRF), a gold exploration and development company operating in Eeyou Istchee, James Bay, Quebec, reports channel sampling assay results and final high density prospect sampling results from its summer exploration campaign at the Company’s 100%-owned Clearwater Property (see FIGURES 1-6) (see PR dated August 13, 2018 for initial campaign results). A 20-hole (4,000 m) drill program is now underway at Percival, Caradoc and the new target areas, with 13 holes (2,800 m) complete, with assays pending.

The final results from the summer campaign include channel sample and grab sample assays from 12 of 14 trenches (see FIGURE 2). The sampling targeted a 2.5 km segment of the south limb of the Knight-Serendipity Volcano-sedimentary Horizon (“KS Horizon”) from the Knight showing to the Caradoc showing, over the Percival Discovery. The complete program comprised high-density surface prospecting and rock sampling over VTEM conductors, geological mapping, mechanized trenching and channel sampling over the entire KS Horizon.

Claude Lemasson, Eastmain President and CEO commented, “These results reinforce our decision to focus our exploration efforts to the east of the Eau Claire Project at the KS Horizon. While Eau Claire advances through pre-development and permitting activities, our exploration team is discovering banded iron formations (BIF) and associated gold mineralization within 14 km of the Project. We find this a tremendous opportunity for our team to potentially make several related gold discoveries along the KS Horizon.”

2019 EXPLORATION HIGHLIGHTS

  • Caradoc and KS Horizon Trenching – Gold values up to 1.23 g/t Au over 27.2 m have been sampled in iron formation related stratigraphy. Exposed significant silicified breccias with mineralization adding to the potential for an iron formation related gold host (see FIGURES 3 and 4).
  • KS Horizon North Limb High-Density Surface Prospecting - Sampling results from the north limb of the volcano-sedimentary belt have returned anomalous geochemical arsenic (As) in rock samples that coincide with previously selected VTEM geophysical anomalies (see FIGURES 5 and 6). Additional field follow-up will be completed in advance of trenching and drill target selection.

Table 1: Selected KS Horizon Channel Sample Highlights

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