Eastmain
Mine Property
Anomalous
gold detected along 6-km trend
Eastmain Resources Inc.. (TSX:ER) announced an update of exploration
activities completed at its wholly-owned Eastmain Mine property. The 2009 program consisted of soil sampling,
geological mapping and prospecting along the main mine trend and in other
areas of high mineral potential. Gold-bearing rock and soil samples
indicate the potential for a second VMS gold deposit along the mine
trend. Anomalous gold was detected in rock sampling over a six kilometre
strike-length, coinciding with this trend, northwest of the Eastmain Gold
Deposit as follows:
������������������� 2009 Rock Sampling
�
>5
to 43 g/t Au����������� (7 samples)
�
>1
to 5 g/t Au������������� (20
samples)
�
>0.5
to 1 g/t Au ��������� (7 samples)
�
>0.1
to 0.5 g/t Au������ (25 samples)
Recent sampling has confirmed a clear spatial
association of gold-enriched rock samples within the ultramafic and mafic
volcanic flows, which host the Eastmain Mine (see Map1,
website). Several grab
samples taken within an interpreted northwest-trending, quartz-rich
mineralized shear zone, extending from an area approximately one
kilometre northwest of the deposit to the region south and west of Julian
Lake,returned values ranging from 4.38 g/t gold to 43.6 g/t gold.
2009 soil
sampling combined with historic sampling reveals a large number of
anomalous gold trends (Map 2, website), some of which reflect the known
mineralization of the main mine trend, while others define several
cross-cutting shears also known to be gold bearing. Several gold-in-soil
anomalies are coincident with untested VTEM conductive zones and magnetic
anomalies.
�������� B Horizon Soil Sampling
� >100 to
10,000 ppb Au ��������� (27 samples)
� >50 to 100
ppb Au�� (40 samples)
� >20 to 50
ppb Au�������������������� (80
samples)
� >12 to 20
ppb Au�������������������� (49
samples)
� >3 to 12
ppb Au����������������������� (740
samples)
Geological
mapping has identified up to four volcanic cycles, of which three are
capped by VMS syngenetic-style copper-gold-silver sulphide
mineralization. One of these mineralized horizons contains the Eastmain
Gold Mine's "A", "B" and "C" zones. Other
horizons directly associated with VTEM and magnetic anomalies, were
relatively untested by historical drilling. These high-priority targets
contain several zones of elevated gold, silver and copper within
mineralized volcanic rocks similar to the main mine trend.
Gold-bearing,
cross-cutting structures, referred to as "New Shears", which
outcrop in the JulianLake area, northwest of the "A zone" may
constitute a low-grade, bulk tonnage target. Previous sampling indicated
gold values to greater than 5 g/t Au, but numerous rusty zones and narrow
shears have not yet been drill-tested.
Adjacent to
this area, at Michel Lake, mineralized felsic intrusive rocks
historically returned gold values in the range of 30 to 68 g/t gold.
These rocks are common throughout the area and may represent a second,
late-stage mineralizing event.
The Eastmain Gold
Deposit is reported to contain 255,750 ounces of gold and 4.1 million
pounds of copper, including measured resources of 91,500 tons grading
0.268 ounces/ton gold and indicated resources of 786,600 tons at 0.294
ounces/ton gold (Campbell Resources Inc., 2004 Annual Report). These resources
are historical estimates and should not be relied upon. These estimates
may not be NI43-101 compliant. Alain Blais was the qualified person for
Campbell. A qualified person for Eastmain has not done sufficient work to
classify the historical estimates as current mineral resources as defined
by NI43-101 (Eastmain 2008 Annual Information Form, www.sedar.com).
The Eastmain
Gold Deposit has the potential to be extended through drilling, not only
along strike, but also at depth and within adjacent horizons
stratigraphically above the main mine trend. The average grade
of 106 historic drill holes,within the A and B Zones of the Eastmain
deposit, is 18.92 g/t gold or 0.55 ounces per ton gold (Au), 16.06 g/t silver (Ag)and 0.24% copper (Cu) across 3.96 metres. Exceptional
drill results within the deposit include 46.71 g/t Au (1.36 ounces per
ton), 51..47 g/t Ag and 0.29% Cu over 5.09 metres; 53.28 g/t Au (1.56
ounces per ton), 59.20 g/t Ag and 0.20% Cu over 13.2 metres or 43.3 feet;
125.43 g/t Au (3.66 ounces per ton), 13.80 g/t Ag and 0.12% Cu across
3.66 metres and 36.73 g/t Au (1.07 ounces per ton), 18.88 g/t Ag and
0.21% Cu over 9.05 metres (Table1 - website).
Don Robinson, President and CEO of Eastmain states, "The Eastmain Gold Deposit
displays strong geological similarities to the main gold zone previously
mined at Detour Lake. The exploration potential of the Eastmain project
is excellent, with both high-grade gold and large bulk tonnage targets
evident on the property. We look forward to advancing this project with a
substantial winter drill program."
Dr. Donald J. Robinson P.Geo, is the Qualified
Person for the information contained in this press release and is a
Qualified Person within the meaning of National Instrument 43-101.
About Eastmain Resources Inc. (TSX:ER)
Eastmain
is a Canadian gold exploration company with 100% interest in the Eau
Claire and Eastmain gold deposits. The Corporation has $17 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 $5.0 million for gold exploration in Quebec for 2010.
For further
information please contact Eastmain Resources Inc.: Dr. Donald J.
Robinson, President or Catherine Butella, Exploration Manager at (519)
940-4870, fax (519) 940-4871, by e-mail: info@eastmain.com
or visit our website at www.eastmain.com.
The statements made in this Press Release may
contain forward-looking statements that may involve a number of risks. Actual
events or results could differ materially from the Company's expectations
and projections.��
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