Diamond drilling has been resumed on Eastmain Resources’ (TSE) joint venture projects with partners Westmin Resources (TSE) and MSV Resources (ME) in the Eastmain River area of northwestern Quebec.
This new program, using two machines, will probe some high priority gold targets. Over-all budget for Eastmain and its joint venture partners for the season will approximate $2.5 million, Eastmain President E. M. Dillman tells The Northern Miner.
One machine has already put down 10 holes on the Reservoir permit from which assays are awaited. A hole here last year returned a 4.9-ft section grading 0.34 oz gold. Eastmain holds a 49% interest in this particular group.
The second machine is just starting on some follow-up work on the Clearwater permit in which Eastmain holds a 26.7% interest. This program will run to some 6,000 ft of drilling, with an additional 3,000 ft slated for the adjoining Lichteneger permit. Under a new agreement MSV Resources can earn a 20% interest in this latter permit by spending $549,000 over two years.
In addition to the drilling on these permit areas, additional stripping and trenching is to be carried out. In fact a backhoe has already been moved on to the Clearwater ground to facilitate this work.
Eastmain itself is conducting further basal till drilling on its Highway permit following up previous work that indicated seven potential drill targets. It is also carrying out soil sampling on a recently staked block of 75 claims.
Be the first to comment on "Drilling resumes at Eastmain"