Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Eagle Royalties Ltd T.ER


Primary Symbol: C.ER Alternate Symbol(s):  ERYTF

Eagle Royalties Ltd. is engaged in holding royalty assets. The Company holds royalty interests in approximately 35 mineral exploration projects in western Canada. These projects are being explored for commodities that include gold, silver, critical metals, uranium, rare-earth elements, diamonds and industrial minerals. The Company’s portfolio includes the flagship AurMac (McQuesten) Royalty that overlies a portion of Banyan Gold Corp’s gold discovery at their AurMac Property located in the central Yukon Territory. Its Schott's Lake Royalty, George Lake Royalty and Knife Lake Royalty are situated in Saskatchewan, Canada. The Eskay Creek Royalty is situated in British Columbia, Canada. Its other royalties include Acacia, Adamant, Albert Lake, Axis Lake, BC Mas, Beaven, Black Diamond, Black Water Regional, Brownell Lake, Cathro, Coyote Creek, Cup Lake, Elsiar, East Goldfield, Fort a la Corne, Dianne Lake, Hanson North, Hot Punch, Hunter Basin, Manson Bay South, Kalum and more.


CSE:ER - Post by User

Bullboard Posts
Post by Tradesmanon Jun 04, 2009 12:52pm
257 Views
Post# 16043753

NEWS

NEWSEASTMAIN NEWS RELEASE TSX Symbol: ER
May 6, 2009
Eau Claire Drilling Intersects Exceptional High-Grade Gold

Eastmain Resources Inc. (TSX:ER) is pleased to announce final assay data from 20 drill holes
completed during a winter campaign on its wholly-owned Eau Claire Gold Deposit, located in James Bay,
Northern Québec. 65 gold-bearing vein and schist zones intersected within the Eau Claire gold deposit
include 27 veins containing visible gold ranging from 4.58 g/t Au to 348 g/t Au or 10.2 ounces gold
per ton (Table 1).

Drilling cut across seven near-surface, high-grade intervals within the D Vein. Hole ER09-190 intersected
10.2 ounces gold per ton over 0.5 metres. This hole is located 580 metres west of discovery hole
C87L06, which also intersected 14.5 ounces per ton (497 g/t Au) over 2.0 metres within the D Vein.
Other significant D-Vein intercepts comprise 5.50 g/t Au over 4.50 metres, including 39.4 g/t Au over a
half-metre, in hole ER09-188 and 11.75 g/t Au over 2.50 metres, including 22.3 g/t Au over 0.5 metres,
in hole ER09-194.

Eight vein intercepts from the G Vein include: 26.94 g/t Au over one metre, including 47.1 g/t Au across a
half-metre, in hole ER09-185; 20.31 g/t Au over a metre, with 40.6 g/t Au over 0.5 metres, in hole ER09-
188 and 21.76 g/t Au over 1.0 metres, including a half-metre sample at 38.0 g/t Au, in hole ER09-195.
Drill hole ER09-185 intersected the JQ Vein across 8.50 metres grading 5.25 g/t Au. This includes a
half-metre intersection of 15.6 g/t Au.

High-grade, gold-bearing veins from the T-series have been delineated along a strike length of 300
metres. T-Vein intersections from the northernmost hole into the deposit, ER09-187, comprise 7.13 g/t Au
over 1.0 metres; 9.31 g/t Au over 2.5 metres (including 39.0 g/t Au), and 10.37 g/t Au over 4.0 metres,
which also contains 60.7 g/t Au over 0.5 metres.

Definition drilling at Eau Claire has been very successful in confirming a higher average grade for quartztourmaline
vein and schist zones throughout the gold deposit. Over the past 16 months 125 (HQ) drill
holes have intersected 365 gold-bearing, quartz-tourmaline vein intervals, of which 147 contain visible
gold. These 365 intercepts have an average grade of 14.0 g/t Au (0.41 ounces per ton) at an average
thickness of 1.32 metres (Table 1). 250 vein intervals contain an average grade of 19.6 g/t Au (0.57
ounces per ton). 150 vein intercepts contain an average of 28.2 g/t Au (0.82 ounces per ton). 50 vein
intervals contain 66.0 g/t Au (1.93 ounces per ton) and 10 intersections average 210 g/t Au (6.14
ounces per ton). None of these veins have been included in the current resource calculation.
Don Robinson, President & CEO of Eastmain comments, “Eau Claire consistently delivers exceptional
high-grade assay results. Multi-ounce veins occur throughout the deposit from surface to depth, with many
lying within the top 100 metres. The recent 10-ounce intersection of the D-Vein is over a half-kilometre
away from the 14-ounce discovery intercept from the same vein, indicating a potentially significant
increase in the size of the high-grade footprint at Eau Claire. More drilling is necessary to confirm this
potential."

A summer drill campaign designed to continue to test additional targets both within and outside of the
known limits of the Eau Claire gold deposit has been approved. Future exploration objectives will focus on
testing the new T-Vein series, located north of the deposit, confirming the expanse of the high-grade
footprint to the west and the search for a second deposit along strike.

This news release was prepared by Dr. Donald J. Robinson, P. Geo., the qualified person supervising the
project in accordance with NI 43-101.
Bullboard Posts