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Gold/Mining/Energy : Eastmain Resources- CDN -- Ignore unavailable to you. Want to Upgrade?


To: terry astle who wrote (9)4/29/1998 7:24:00 PM
From: Sapper  Read Replies (2) | Respond to of 36
 
News Release: New director; Lac Elmer progress;
Clearwater to begin drilling in August

Eastmain Resources Inc ER
Shares issued 16,200,000 Apr 28 close $0.32
Wed 29 Apr 98 News Release
Mr. Donald Robinson reports
Eastmain has appointed Bruce A. Bouley to its board of directors. Dr.
Bouley has 25 years experience as a manager and exploration geologist in
the mining industry. He has worked primarily in Canada, the U.S. and
Mexico.
Most recently with BHP Minerals International Exploration, Dr. Bouley
managed a multi-disciplinary exploration program in North and Central
America with more than 60 permanent geoscientists in as many as 10 offices,
with budgets of $20-million to $30-million. He has worked with advanced
stage exploration projects and co-ordinated activities leading to the
prefeasibility of mineral properties. Dr. Bouley also managed the
exploration activities for Cominco Alaska from 1990 to 1995 and for
Callahan Mining Corp. from 1980 to 1990.
Diamond drilling has recently been completed at Eastmain's joint venture
with Barrick Gold at Lac Elmer, Quebec. No assay data has been received by
the company to date. The joint venture partners have traced a 7 kilometre
long gold-silver rich, pyritic tuff horizon on the property, which is
geologically comparable to rocks that host the mines within the Bousquet
Camp.
Surface exploration and diamond drilling is also scheduled at Eastmain's
newly acquired Railroad project in Bathurst, New Brunswick. Previous work
by BHP Minerals intersected ore grade base metals over mineable widths
within an extension of the prolific Brunswick mine horizon. Eight base
metal sulphide prospects have been identified on this 4,896 hectare
property. Drilling to date indicates the potential for a world class base
metal deposit on this highly prospective property, within 5 miles of
Noranda's Heath Steele base metal mine and mill.
Diamond drilling will also commence in August on Eastmain's 50 per cent
owned Clearwater project, in joint venture with SOQUEM. A drill indicated
resource of 800,000 tonnes grading 11.7 g/t gold has been outlined.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com