PRECIOUS METALS — Soquem, Eastmain outline mineralization

A 9-hole drill program at the Eau Claire (Clearwater) property in the James Bay region of northwestern Quebec has established continuity of mineralization on a known gold structure.

Quebec-government-owned Soquem, operating the Eau Claire project for itself and joint-venture partner Eastmain Resources (ER-T), finished the drill program last month, having encountered gold mineralization in six of the nine holes. The most significant mineralized intersection was in hole 47, drilled in the central part of the deposit to test the updip extension of a known mineralized structure.

In hole 47, a 22.6-metre intersection carried an average of 3.8 grams gold per tonne in wall rocks surrounding the J vein. A 1.8-metre interval across the vein, part of that 22.6 metres, showed a grade of 29.1 grams per tonne, and the surrounding wall rocks showed grades of between 2 and 10 grams per tonne.

Farther down, hole 47 also encountered a narrow (0.4-metre) zone grading 8.2 grams gold per tonne.

Hole 99-53, drilled on the same section as 99-47, cut a mineralized zone 4 metres long grading an average 6 grams gold per tonne at a vertical depth of around 90 metres. This intersection is directly downdip from the wide mineralization in hole 47, and the two holes extend by 150 metres the known dip extent of the J vein.

Four other holes tested areas to the northwest, along strike from the mineralization.

Hole 48 cut 0.4 metre grading 3.2 grams per tonne on a structure that is believed to be part of the J vein. Hole 49, collared 50 metres west of hole 48, intersected the deposit’s L vein over a core length of 1.4 metres, finding an average gold grade of 3.1 grams per tonne. Wide zones of altered schist in these same holes ran up to 0.26 gram gold.

Two other holes advanced in the central part of the deposit intersected more gold mineralization, including 0.6 metre grading 1.3 grams gold per tonne in one hole and 1.3 metres grading 3.3 grams in the other.

Surface stripping and further diamond drilling are under way.

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