GOLD: Eastmain extends Percival find, outlines winter drilling

QUEBEC – Eastmain Resources of Toronto has the results for five holes drilled late this year at the Percival discovery, part of […]
Location of the Percival discovery relative to the Eau Claire deposit. (Image: Eastmain Resources)
[caption id="attachment_1003726252" align="aligncenter" width="433"] Location of the Percival discovery relative to the Eau Claire deposit. (Image: Eastmain Resources)[/caption] QUEBEC – Eastmain Resources of Toronto has the results for five holes drilled late this year at the Percival discovery, part of the Clearwater property in the James Bay region in the northern part of the province. The Percival find is located 14 km  from Eastmain’s million-ounce Eau Claire gold deposit. The latest drill results indicate that the mineralization occurs at least in two zones. Highlights of the recent drilling include:
  • Hole ER18-828: 1.17 g/t gold over 18.3 metres (vertical depth of 43 metres), including 2.35 g/t over 8.0 metres within the original targeted zone (silicified mudstone breccia) and
  • Hole ER18-827: 0.71 g/t gold over 51.9 metres (vertical depth of 177 metres), including 2.69 g/t over 9.0 metres in a new deeper zone (silicified greywacke with breccia interbeds and silicified mudstone breccia)
Eastmain says the Percival zone is now known to strike over at least 200 metres, and dips 70° to the southeast for about 250 metres. The company is currently working on the interpretation of a helicopter borne VTEM and horizontal magnetic gradiometer survey (VTEM Plus) along the KS horizon that includes the Percival discovery. The 2019 winter drilling at Percival includes 20 holes and 5,500 metres that will expand the discovery and further identify the mineralization controls. Anticipating positive results from the winter drill program, Eastmain plans to mount an extensive drilling campaign in the second half of the year. The Clearwater property has both open pit and underground potential. The Eau Claire deposit has measured and indicated resources averaging 6.18 g/t gold in 4.3 million tonnes gold or 853,000 oz. of contained gold. The inferred resource grades 6.53 g/t in 2.4 million tonnes or 500,000 contained oz. The geology of the Eau Claire deposit is discussed at www.Eastmain.com.

Comments

Your email address will not be published. Required fields are marked *

May 29 2024 - May 30 2024
Jun 03 2024 - Jun 04 2024
Jun 03 2024 - Jun 04 2024
Jun 05 2024 - Jun 06 2024