1. finance
2. accounting and auditing

EASTMAIN
NEWS RELEASE
TSX Symbol: ER
November 14, 2014
CLEARWATER PROJECT
BOOMERANG SHOWING GRAB SAMPLE 188 g/t Au, 828 g/t Ag, 600 g/t Te
EAU CLAIRE EXTENSION CHANNEL SAMPLES up to 76.8 g/t Au
Eastmain Resources Inc. (TSX:ER) announces an update on channel and rock sampling recently
completed at its wholly-owned Clearwater Project, located in James Bay, Quebec. Rock
sampling from the Boomerang showing assayed very high gold-silver-tellurium (Au-Ag-Te)
values in both vein and host rock. Surface stripping has also exposed more high-grade goldbearing quartz tourmaline veins along the north margin of the 450 West Zone, with 0.5 metrewide samples ranging from 2.05 to 76.8 grams per tonne (g/t) Au. The Company is preparing
for a fall drill program with the objective of outlining additional gold resources outside the
footprint of the Eau Claire gold deposit.
1,793 channel samples and 636 rock samples from Clearwater have been submitted for assay
this season. In excess of 100 rock samples, containing anomalous gold values ranging from 0.10
to 188 g/t, occur within a mineralized system extending both east and west of the Eau Claire
deposit, delineating a highly-prospective gold-enriched footprint covering 7.5 kilometres.
Numerous quartz-tourmaline veins and altered zones, closely resembling those hosting the Eau
Claire gold deposit, were exposed along this 7.5-km-long trend during the 2014 trenching
program. This mineralized corridor is associated with a sub-parallel trending regional "crustalscale" structural break, which runs along the southern portion of the Clearwater property and
extends through several other properties held by Eastmain. Major structural breaks occur in
most Archean gold camps and are thought to be closely associated with many economic gold
deposits throughout the world. Assay data is pending for over a thousand channel samples.
New rock sampling in the vicinity of the Boomerang showing, located 700 metres east of Eau
Claire assayed 188 g/t Au, 828 g/t Ag and 600 g/t Te in a quartz-tourmaline vein containing
abundant fine grained visible gold and tellurides. The host sediment also assayed 104.5 g/t Au,
537 g/t Ag and 418 g/t Te (Table 1).
2014 surface stripping along the northern extension of the 450 West Zone has exposed
multiple 0.5- to 5.0-metre-wide quartz-tourmaline veins and alteration zones. These prolific
zones are generally 10- to 50-metres long and range from 1.19 g/t Au over 5.0 metre widths to
25.0 g/t Au over a width of 1.6 metres. They occur north and parallel to the very high grade P,
JQ and R veins, which have been exposed for a length of 200 metres and comprise the main
450 West showing. Additional stripping to exposure potentially open-pittable resources at
surface is warranted along the northern and eastern boundaries of the 450 West outcrop.
A fall diamond drill program, with the objective of locating a second 450 West Zone, lateral to
the Eau Claire gold deposit, is expected to begin before the end of the month.
QP and Quality Control
Dr. Donald J. Robinson P. Geo, President and Chief Executive Officer of Eastmain, Qualified Person
under National Instrument 43-101 reviewed and approved the scientific and technical data presented in
this press release. Dr. Robinson has supervised the work programs on the Company's properties, visited
the properties on multiple occasions, examined outcrops, drill core and trenched areas, reviewed
results with on-site geological staff and reviewed both the analytical and quality control results.
Eastmain conducts a quality control program for all of its exploration work, to ensure best practices in
the industry from sample shipment and preparation to data collection and analyses. Internal standards
provided by an independent company and blank samples are inserted for quality control purposes.
Chemical analysis was completed by ALS CHEMEX Laboratories. A 50-gram split of each sample is
analyzed using multi-element ME-MS, gold ICP, AA, Fire Assay and gravimetric techniques.
About Eastmain Resources Inc. (TSX:ER) Eastmain is a Canadian exploration company with 100%
interest in the Eau Claire and Eastmain gold deposits, both of which are located within the James Bay
District of Quebec. Eau Claire, our core asset, has superior infrastructure within a favourable jurisdiction
and is royalty free. The Corporation also holds a pipeline of exploration projects in this new Canadian
mining district.
For further information please contact Eastmain Resources Inc.: Dr. Donald J. Robinson, President or
Catherine Butella, Exploration Manager at (519) 940-4870, fax (519) 940-4871, by e-mail:
[email protected] or visit our website at www.eastmain.com.
Forward Looking Statements – Certain information set forth in this news release may contain forward-looking
statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements
are subject to numerous risks and uncertainties, certain of which are beyond the control of Eastmain, including, but
not limited to the impact of general economic conditions, industry conditions, dependence upon regulatory approvals
and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements.
-2-
Table 1. Clearwater Project ‐ 2014 Channel and Rock Sample Highlights
SAMPLE_ID
Q810296
Q810360
Q810361
Q810367
Q810255
Q810256
Q810232
Q810211
Q810217
Q810203
Q810224
Q810168
Q810171
Q810180
Q810181
Q810192
Q810196
Q197769
Q216618
Q216620
Q216621
Q804371
Q804375
Q197913
Q197850
Q197967
Q197998
Q804601
Q197658
Q216617
Q197861
Q197865
Q197867
Q197872
Q197873
Q197891
Q197892
Q197894
Q197896
Q197898
Q197960
Q197983
Q197996
Notes: Au g/t
16.25
2.99
6.64
2.05
2.50
4.15
14.60
4.96
5.57
20.20
2.19
76.80
10.75
4.51
3.03
7.38
2.62
2.29
62.40
21.50
15.30
2.86
3.20
8.22
188.00
13.65
22.20
104.50
10.2
6.41
7.69
7.95
30.00
5.30
8.19
76.60
7.40
22.60
9.16
17.00
29.80
9.93
25.10
Ag g/t
3.80
0.47
1.21
0.55
0.91
1.72
2.46
1.38
0.77
7.04
0.32
22.40
3.67
0.75
0.38
1.41
1.19
0.81
0.67
0.65
1.32
0.72
1.70
3.91
828.00
4.78
3.84
537.00
0.94
0.33
1.46
1.36
3.75
1.65
1.00
19.85
2.26
2.33
1.92
3.70
3.94
0.91
6.52
Te g/t 22.40
2.82
6.81
2.94
3.84
5.73
10.05
6.68
7.13
28.70
2.03
85.60
21.20
7.21
5.70
10.30
4.45
2.39
0.54
0.19
0.31
2.75
4.62
18.05
600.00
200.00
20.70
418.00
1.16
0.63
13.20
13.70
36.00
6.47
9.04
113.50
10.10
24.30
15.55
21.10
29.10
6.29
27.60
Length (m)
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.70
0.40
0.50
0.70
0.50
0.50
0.50
0.50
0.50
0.50
1.00
GB
GB
GB
GB
GB
GB
GB
GB
GB
GB
GB
GB
GB
GB
GB
GB
GB
GB
GB
TARGET ID
450W‐JQ56c
450W‐JQ59b
450W‐JQ59c
450W‐JQ60c
450W‐NE‐2a
450W‐NE‐2b
450W‐R255f
450W‐S10f
450W‐S10l
450W‐S11c
450W‐S5b
450W‐S5c
450W‐S6a
450W‐S6i
450W‐S6j
450W‐S7d
450W‐S7h
CL
CL
CL
CL
EC
EC
EC
BM
BM
BM
BM
CL
CL
EC
EC
EC
EC
EC
EC
EC
EC
EC
EC
EC
EC
EC
EASTING 444,299
444,278
444,278
444,277
444,384
444,384
444,363
444,370
444,370
444,373
444,355
444,355
444,356
444,357
444,357
444,359
444,359
448,397
448,454
448,452
448,453
445,223
445,245
445,797
445,053
445,864
444,718
445,053
448,455
448,452
444,833
444,699
444,824
444,665
444,828
444,953
444,955
444,616
444,571
444,562
444,825
445,059
444,668
NORTHING
5,785,472
5,785,466
5,785,466
5,785,466
5,785,467
5,785,468
5,785,474
5,785,491
5,785,494
5,785,490
5,785,489
5,785,489
5,785,489
5,785,490
5,785,490
5,785,491
5,785,492
5,785,450
5,785,065
5,785,065
5,785,065
5,785,271
5,785,302
5,785,579
5,785,483
5,785,521
5,785,239
5,785,483
5,785,071
5,785,066
5,785,270
5,785,247
5,785,377
5,785,275
5,785,274
5,785,302
5,785,305
5,785,235
5,785,280
5,785,274
5,785,163
5,785,368
5,785,276
450W ‐ 450 West Zone; EC ‐ Eau Claire deposit area; BM ‐ Boomerang area; CL ‐ Clovis area; GB ‐ grab rock sample