New gold target - 254 g/t Au, 640 g/t Ag (greater than)500 g/t Te High-Grade Eau Claire Drill Assays

PR Newswire

posted: 63 DAYS 7 HOURS AGO

TSX Symbol: ER

TORONTO, Sept. 24 /PRNewswire-FirstCall/ - Eastmain Resources Inc. (TSX:ER) is pleased to announce the discovery of a new gold target at its wholly-owned Clearwater project, located in James Bay, Northern Quebec. Surface prospecting along favourable deposit stratigraphy this summer led to the discovery of the Boomerang Prospect, where a composite grab sample of vein material, located one-half kilometre east of the Eau Claire gold deposit, assayed 254 g/t Au (7.42 ounces gold per ton), 640 g/t Ag (18.7 ounces silver per ton) and (greater than)500 g/t tellurium (Map 1, website).

Other anomalous samples within the Boomerang Prospect area include 30.6 g/t Au (0.89 ounces gold per ton) and 9.04 g/t Au in key volcanic/sedimentary rocks, located up to eight kilometres east of the deposit. The Boomerang prospect contains a highly enriched gold-tellurium metal signature similar to Eau Claire, which suggests it was derived from the same hydrothermal gold-bearing system. Boomerang will be drill-tested in future programs.

The current drill program is focused on defining a measured, near-surface resource for potential extraction by open pit methods. A total of 7,400 metres of drilling, to test the Main Group of Veins within the central portion of the deposit and the T-Vein series, found north of the previously defined gold resource, has been completed to date. Drilling will continue throughout the quarter.

Significant assay data highlights from the first 8 of 19 drill holes of the current program at Eau Claire (Clearwater project) comprise: 24.81 g/t Au (0.72 ounces per ton) over 2.0 metres, including 69.8 g/t Au (2.04 ounces per ton) over 0.5 metres in hole ER09-198; 10.64 g/t Au (0.31 ounces per ton) over 3.0 metres, including 34.1 g/t Au (1 ounce per ton) over 0.5 metres in hole ER09-203; and 19.75 g/t Au (0.58 ounces per ton) over 2.5 metres in hole ER09-204, including 37.8 g/t Au (1.10 ounces per ton) over 0.5 metres. Fine-grained visible gold, common to the deposit, has been observed in seven of eight drill holes reported herein. Assay data is pending for the remaining 11 drill holes.

Over the past 22 months, a total of 28,600 metres (153 HQ drill holes) has been completed to expand the Eau Claire gold resource within the upper 300 metres. In 142 drill holes, 400 gold-bearing quartz-tourmaline vein intervals with an average grade of 13.1 g/t Au (0.38 ounces per ton), at an average thickness of 1.35 metres, have been intersected within the upper one-third of the deposit (Table 1). 350 vein intervals contain an average grade of 14.9 g/t Au (0.43 ounces per ton); 250 vein intervals averaged 19.6 g/t Au (0.57 ounces per ton); 150 vein intervals contain an average of 27.6 g/t Au (0.80 ounces per ton); 100 vein intervals contain 39.4 g/t Au (1.15 ounces per ton) and 50 intersections have an average of 63 g/t Au (1.84 ounces per ton).

Near-term exploration objectives include continued definition drilling of the high-grade Eau Claire gold deposit, completion of the metallurgical testing program and updating the resource calculation.

This news release was prepared by Dr. Donald Robinson, P. Geo., the qualified person supervising the project in accordance with NI 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 $17.1 Million in working capital, no debt and holds an interest in 12 projects within the James Bay District, including the Eleonore South property, where a gold discovery has been found in a similar geologic setting to Goldcorp's Roberto deposit. Eastmain has an annual budget of $4 million for gold exploration in Quebec.

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.

    Table 1. Clearwater Project - Assay Data

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                        2009 Eau Claire Assay Results
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    Hole ID       From      To  Length  Au g/t  Au oz/ton  Vein ID    Notes
                                   (m)
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    ER-09-197    206.8   208.3   1.50    10.70     0.31        I       VG 10
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        incl.    207.3   207.8   0.50    32.00     0.93
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                 254.0   255.5   1.50     7.39     0.22        S
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    ER-09-198    220.7   222.7   2.00    24.81     0.72        I      VG 10+,
                                                                       TE 5+
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        incl.    221.7   222.2   0.50    69.80     2.04
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                 259.4   260.9   1.50     4.50     0.13       JQ
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    ER-09-199    178.7   179.3   0.60     4.51     0.13        D          VG
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                 215.9   216.5   0.60     4.81     0.14        H
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                 285.4   286.4   1.00     5.60     0.16        S
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    ER09-200     196.5   197.0   0.50     4.21     0.12        D      VG 10+
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                 238.0   239.0   1.00    10.83     0.32        I
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    ER09-201     228.8   229.3   0.50    18.00     0.53        G
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                 238.5   239.5   1.00     4.64     0.14        H
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                 308.3   309.8   1.50     9.33     0.27       JQ
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        incl.    308.8   309.3   0.50    14.20     0.41
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                 309.3   309.8   0.50    10.45     0.31
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    ER09-202     310.3   310.8   0.50     4.75     0.14       JQ      VG 20+
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                 321.5   322.5   1.00     5.07     0.15        R
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    ER09-203     209.1   210.1   1.00    11.39     0.33        H
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        incl.    209.1   209.6   0.50    19.20     0.56               VG 10+,
                                                                      TE 10+
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                 224.6   226.1   1.50     5.55     0.16        I
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                 267.0   270.0   3.00    10.64     0.31       JQ
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        incl.    267.0   267.5   0.50    21.60     0.63
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        incl.    267.5   268.0   0.50    34.10     1.00
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    ER09-204     245.1   246.1   1.00    19.96     0.58        H      VG 20+
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        incl.    245.1   245.6   0.50    39.90     1.17
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                 261.2   262.3   1.10     5.46     0.16        I        VG 4
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                 302.7   305.3   2.60     6.03     0.18       JQ
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        incl.    303.7   304.2   0.50    12.90     0.38
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    ER09-204
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        incl.    304.2   304.7   0.50    15.30     0.45
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                 321.5   324.0   2.50    19.75     0.58        T
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        incl.    322.0   322.5   0.50    37.80     1.10                 VG 6
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        incl.    323.0   323.5   0.50    27.60     0.81
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        incl.    323.5   324.0   0.50    21.10     0.62
    -------------------------------------------------------------------------

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       Eau Claire Gold Deposit 2007-2009 Average composite gold grades
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    Cut off grade       Number of      Length        Average Grade
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       Au g/t          Intercepts        m        Au g/t   Au oz/ton
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        0.0                400          1.35       13.1      0.38
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        2.4                350          1.32       14.9      0.43
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        3.3                300          1.32       16.9      0.49
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        4.5                250          1.32       19.6      0.57
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        5.8                200          1.32       23.0      0.67
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        7.7                150          1.38       27.6      0.80
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       11.9                100          1.24       39.4      1.15
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       19.7                 50          1.24       63.0      1.84
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       31.2                 25          1.16      106.3      3.11
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       46.0                 10          1.16      210.4      6.14
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    Chemical analysis was completed by ALS CHEMEX Laboratories using a 50-
    gram split and gravimetric techniques. The visible gold samples were
    mechanically screened and assayed for metallics. Internal standards
    provided by an independent company and blank samples were inserted for
    quality control purposes. Assay samples are taken from HQ core, sawed in
    half with one half sent to a commercial laboratory and the other half
    retained for future reference.
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    Note: Sample length approximates true thickness.
    VQTL VG = Quartz-tourmaline vein with visible gold.
    VG5+ = five grains of visible gold were identified in the
    sample. TE = visible grains of tellurides.
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SOURCE Eastmain Resources Inc.