Quebec-focused explorer Eastmain Resources Inc (TSE:ER) has revealed that a phase 2 diamond drilling program has started on the Eleonore South joint venture (ESJV) property.
Eleonore South is a three-way joint venture between Eastmain (36.7%), Azimut Exploration Inc (CVE:AZM) (26.6%), and Goldcorp Inc (TSE:G) (NYSE:GG). Azimut is the operator.
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The project is next to the Eleonore property, which hosts the major Eleonore gold mine owned and is operated by major Goldcorp.
In December last year, the results from phase one were reported, which showed encouraging high grades.
Highlight assays included 1.46 g/t (grams per ton) over an impressive 45.5 metres (m) and 11.69 g/t over 1.5 meters (m).
Notably, Eastmain pointed out that a significant feature of this project was that most gold-bearing sections are found within, or near wide gold-bearing mineralized envelopes.
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The aims of this phase two phase is to focus on two significant targets - the Moni Trend, which host highly prospective targets along a 1 km strike including the Moni Prospect and the 101 Prospect - via the sinking of 18 holes for 2,200 metres (m).
Also the focus will be on the contact trend, where the partners aim to assess the grade and geometric continuity between three sectors that returned significant gold results by further tests of those sectors and infilling of untested areas over a 1.5 km strike length near the southern contact of the tonalite intrusion with metasediments, drilling 2,900 m in 11 holes.
Eastmain Resources shares stand in Toronto at C$0.24.