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Eastmain Resources and partners hope to build on last year's success with drill program at Eleonore South

Last updated: 10:20 27 Feb 2018 EST, First published: 05:20 27 Feb 2018 EST

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Eleonore South property is adjacent to Goldcorp's Eleonore gold mine. Pictured a gold pour

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.

READ - Mining professional Tamara Brown joins board of Eastmain Resources

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.

READ - Eastmain Resource's latest estimate for Eastmain mine project lifts tonnage and contained gold

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.

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