Eastmain Resources Inc. (TSX:ER, OTCQB:EANRF) has completed its 2019, 20-hole, 5,152m gold exploration drill programme at the Clearwater Property in James Bay, Quebec.
The company has received results from 13 of holes, totalling 3,654m to date. Those 13 reported holes tested targets eastwards at the Clearwater Property along 4.5 km of the Knight Serendipity meta-sedimentary horizon (KS Horizon) beginning in the Caradoc area.
Interim President and CEO, Blair Schultz, said the holes tested trenched geological features as well as soil, rock and VTEM anomalies obtained over the 2019 exploration campaign.
“With the final results from the 2019 field programme released, we remain positive on the mineral potential of the KS Horizon and will be assessing various targets for inclusion in our 2020 field programme,” Mr Schultz said.
“Meanwhile, the company is currently reinterpreting several high priority targets at our flagship Eau Claire deposit and expects to announce these targets for drilling in the coming weeks.
“Exploration will continue to be supplemented by engineering and optimisation studies to support future permitting and development of the Eau Claire Deposit.
“The Board has also been focused on the succession plan forming an executive search committee tasked with identifying a suitable CEO to lead future development of our highly prospective Eau Claire Project.”
Drilling to the east of the Percival discovery focused initially on the Caradoc showing area with seven holes testing approximately one km of strike length along the southern limb of the KS Horizon, including the previously reported hole ER19-855 (0.26 g/t Au over 26.9 m including 0.45 g/t Au over 10.5 m).
Hole ER19-860, drilled below hole ER19-855 intersected a continuation of silicified breccia in BIF returning an anomalous interval of gold mineralization (0.13 g/t Au over 5.0 m).
Mr Schultz said the identification of well mineralised locally brecciated graphitic metasediments along the southern limb of the KS horizon and to the north at the Serendipity showing suggest that gold mineralisation is distributed in graphitic sediments and may persist throughout the 14 km long KS stratigraphy, presenting an attractive formational target for exploration.