TORONTO, ONTARIO -- (Marketwire) -- 06/14/10 -- Eastmain Resources Inc. (TSX: ER) announces that it has retained SRK Consulting (Canada) Inc. ('SRK') to audit the Eau Claire mineral resource estimate and prepare an Independent NI 43-101 Technical Report. The new mineral resource estimate will be released once SRK has completed its audit.
The 2010 resource evalution will include all drilling within the Eau Claire gold deposit to November 2009. The previous mineral resource estimate (2005) was based on 182 vein intersections in addition to surface channel sample data from the 450 West Zone for three of the main veins. The new estimate will also incorporate all vein intersections from 181 drill holes completed in the upper 1/3 of the deposit during the November 2007 to November 2009 programs. These closely spaced, large diameter (HQ) drill holes more clearly delineate vein morphology and grade.
A new group of veins (T Veins), discovered while drilling the upper portion of the deposit, are open laterally and vertically at depth and require additional drilling to define their resource potential. More drilling is also warranted to define the grade and vein morphology of a series of high-grade veins, previously delineated by surface stripping and drilling west of the Eau Claire deposit, at the 850 West Zone, and of the main group of veins below 300 metres depth. There is also additional mineral resource potential immediately east of the Eau Claire deposit, at the newly discovered high-grade Boomerang prospect. This target is situated along the same favourable geological contact and is characterized by an identical unique metal signature of gold-tellurium-bismuth-silver to that found at Eau Claire. There is excellent potential to increase the gold resources at Eau Claire through continued drilling.
The 2010 exploration program will focus on the continued expansion of the deposit through drilling below 300 metres depth. The program will also concentrate on defining and testing additional targets along two regional trends, both east and northwest of the Eau Claire gold deposit, in search of a second deposit. A minimum $3 Million exploration budget has been allocated to the project.
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 $21 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 $7.5 million for gold exploration in Quebec for 2010.
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.
Contacts:
Eastmain Resources Inc.
Dr. Donald J. Robinson
President
(519) 940-4870
(519) 940-4871 (FAX)
Eastmain Resources Inc.
Catherine Butella
Exploration Manager
(519) 940-4870
(519) 940-4871 (FAX)
info@eastmain.com
www.eastmain.com
