Drill results at the Akweskwa property of Eastmain Resources (CDN) have revealed that zinc mineralization exists alongside the gold previously discovered.
Hole 95-05 intersected bedded pyrite-sphalerite massive sulphides 67 metres below surface, which assayed 7.09% zinc, 0.25% copper and 0.24% lead, as well as 42 grams silver and 0.76 gram gold per tonne across 1 metre.
A massive-sulphide lens was found contained within a 60-metre-wide sequence of chlorite- and sericite-altered pyritic tuffs geochemically enriched in zinc. Hole 95-02 intersected a 6-metre-wide cherty tuff with semi-massive pyritic sulphide bands grading 0.6 gram gold.
Holes 95-03 and 95-08 both intersected more than 1% zinc, plus geochemically anomalous gold, within the same sequence of altered pyritic tuffs as hole 95-05.
Previous drilling intersected 18.5 grams gold per tonne across 3.04 metres and 20.5 grams across 1.95 metres, in pyritic quartz-sericite-fuchsite altered tuffs along a 5-km-long, mineralized corridor running across the property.
Additional exploration is planned, including fill-in induced-polarization surveying and more drilling across the mineralized corridor. A lithogeochemical study of drill core is planned.
Meanwhile, Eastmain has raised $2 million by issuing 4 million special warrants at 50 cents each. Each special warrant is convertible into one unit consisting of a common share and half a share purchase warrant. Each whole share purchase warrant will entitle the holder to buy one additional common share at 65 cents each.
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