Éléonore South JV Project
Drill Program & Budget Approved
June 1, 2010
Eastmain Resources Inc. (TSX:ER) announced that the 2010 exploration program and
budget has been approved by the joint venture partners of the Éléonore South project.
Les Mines Opinaca Ltée. ("Opinaca"), a wholly-owned subsidiary of Goldcorp Inc.
(TSX:G, NYSE:GG), has confirmed participation in a $1.6-million exploration program
designed to drill-test the extensions of a sedimentary-hosted discovery at the JT gold
zone, as well as three other priority targets on the property. Azimut Exploration Inc.
("Azimut") has declined participation in funding its share of the program.
A 3,300-metre drill program has been approved by the joint venture partners to test
targets in four sectors on the property. Eastmain is the project operator and will
manage the joint venture. The project ownership is currently Eastmain 35%, Opinaca
35% and Azimut 30%. Each partner is obliged to fund its portion of the program to
maintain its ownership, or have its project interest diluted. Eastmain’s and Opinaca's
interests will each increase to approximately 36.5% upon completion of the 2010
exploration program.
Drilling and surface trenching to date has defined a kilometre-long by one-hundredmetre-
wide gold geochemical anomaly in the JT target area. Three parallel goldbearing
zones have been intersected in arsenopyrite-bearing sediments, similar to those
hosting the multi-million-ounce Roberto gold deposit at Éléonore. There is evidence at
Éléonore South of a large, untested gold-arsenic geochemical "plume" extending north
of previous drilling. The JT Zone is also open at depth and laterally to the south.
"As of December 31, 2009, Goldcorp's Éléonore Project (Roberto Deposit) contains 3.15
million ounces of measured and indicated gold resources, within 8.2 million tonnes at
an average grade of 11.9 grams per tonne, and 6.25 million ounces of inferred gold
resources within 15.0 million tonnes at an average grade of 12.9 grams per tonne,"
stated Dr. Donald J. Robinson, President & CEO of Eastmain. "This deposit now ranks
amongst one of the largest gold discoveries within the Canadian Shield. A major goldbearing
trend has been outlined at Éléonore South, which may lead to another
significant gold deposit on the joint venture property."
Dr. Donald J. Robinson P.Geo, is the Qualified Person for the information contained in
this press release and is a Qualified Person within the meaning of National Instrument 43-
101.
About Eastmain Resources Inc. (TSX:ER)
Eastmain is a Canadian gold exploration company with
100% interest in the Eau Claire and Eastmain gold deposits. The Corporation has $21 Million in working capital
and holds an interest in 12 projects within the James Bay District, including the Éléonore South property. Eastmain
has allocated a budget of $7.5 million for gold exploration in Québec for 2010.
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