TSX Symbol: ER
TORONTO, Sept. 1 /CNW/ - Eastmain Resources Inc. (TSX:ER) is pleased to
announce that a 3,500-metre drill program is underway at its Eléonore South
project. Les Mines Opinaca Ltée. ("Opinaca"), a wholly-owned subsidiary of
Goldcorp Inc. (TSX:G, NYSE: GG), confirmed its joint participation in a
$1.6-million exploration program, designed to drill-test a sedimentary-hosted
discovery at the JT gold zone as well as other priority targets on the
property. Azimut Exploration Inc. ("Azimut") has declined participation in
funding its share of the program and its interest will be diluted accordingly.
Anomalous gold values have been discovered in altered sedimentary rocks
within the JT Gold Zone, over an area 800 metres in length and approximately
400 metres in width. Previously, the partners announced surface trenching
results of 5.33 g/t gold (Au) across 8.0 metres, including an interval grading
20 grams per tonne gold over 2.0 metres, and up to 37.8 g/t Au in a metre-long
channel sample (Aug 30, 2007 NR).
Preliminary drilling in the JT Zone area, during the winter of 2008,
intersected a number of wide, gold-bearing intervals within aluminous
sedimentary rocks containing disseminated arsenopyrite and rock alteration,
similar to that observed at the Roberto Gold Deposit. All seven holes drilled
into the JT Zone contain gold. Intervals of up to 10.8 g/t Au over 0.5 metres,
and wider zones of up to 1.54 g/t Au over 5.7 metres and 0.70 g/t Au over 10
metres (Jan 21, 2009 NR), indicate the potential for a large gold system at
Important structural controls, evident at other gold deposits in the
district, have been recognized at Eléonore South. These structures,
interpreted from detailed airborne magnetic survey data, will be part of the
focus of this drill program. Wide zones of low-grade, gold-bearing sediment
containing arsenopyrite, invaded by pegmatite swarms, have been observed on
the adjacent mine property and at Eléonore South.
"Current gold resources and grade at the neighbouring Eléonore project
have risen dramatically. As of December 31, 2008, the Roberto deposit
contained 5.3 million ounces of gold, consisting of 2.3 million ounces of
measured and indicated gold resources at an average grade of 10.05 grams per
tonne, and 3.0 million ounces of inferred gold resources at an average grade
of 12.75 grams per tonne." stated Dr. Donald J. Robinson, President & CEO of
Eastmain. "The high-priority JT Target has several of the key early-stage
characteristics observed at Roberto. Eastmain and Goldcorp have allocated
sufficient exploration funding to continue to test the JT area and several
other high-priority, sedimentary-hosted gold targets at Eléonore South."
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 $18 Million in
working capital and holds an interest in 12 projects within the James Bay
District, including the Eléonore South property. Eastmain has allocated a
budget of $4.0 million for gold exploration in Québec for 2009.
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.
For further information:
For further information: Eastmain Resources Inc., Dr. Donald J.
Robinson, President or Catherine Butella, Exploration Manager at (519)
940-4870, fax (519) 940-4871, by e-mail: email@example.com, or visit our
website at www.eastmain.com