TORONTO, ONTARIO--(Marketwired - Jul 12, 2013) - Eastmain Resources Inc. (ER.TO) announced that Honey Badger Exploration Inc. ("Honey Badger") reported results from four drill holes, totaling 827 metres, on Eastmain's Radisson Project, located within the James Bay Mining District of Northern Québec. The Radisson gold property lies within an Archean-aged greenstone belt approximately 120 and 165 kilometres north of the Éléonore (Roberto) and Clearwater (Eau Claire) gold properties respectively.
Highlights from initial drill-testing of prospective gold targets include hole RA-13-03, which intersected a shear zone bounding a sedimentary-dominated assemblage, and returned 3.71 g/t Au over 1.0 metre within a broader anomaly assaying 0.44 g/t Au over 17.56 metres.
Drill hole RA-13-02 intersected 4.67 g/t Au and 9.8 g/t Ag (silver) over 0.55 metre within a shear zone located at a volcanic/sedimentary geological boundary. RA-13-01 tested the same shear zone, intersecting 0.35 g/t Au over 1.0 metre. RA-13-04 tested a banded iron formation target with no significant results.
Honey Badger can earn 50% interest in the Radisson property by completing $2.5 million in exploration expenditures, including 6,000 metres of drilling, over a three-year period. Honey Badger has also issued approximately 5.4 million common shares and made cash payments of $50,000 as part of its earn-in requirements to date in the project.
Honey Badger reports that all samples were shipped to ACTLABS in Ancaster, ON for chemical analyses (Fire Assay Fusion and Total Digestion - ICP). Core samples were cut in half lengthwise by diamond core saw and one half was shipped to the lab. Certified reference standards were inserted every 10 samples and blank samples, comprised of sterile drill core, were placed randomly approximately every 10-20 samples.
Radisson covers over 25 kilometres of favorable precious metal-bearing corridors hosting multiple gold occurrences in rocks similar to those forming Goldcorp Inc.'s Roberto Deposit, slated for production in late 2014, and Eastmain's high-grade Eau Claire Gold Deposit, the region's second largest deposit.
Radisson is a camp-scale property with promising and widespread gold, copper and silver occurrences, located within an emerging gold district with excellent infrastructure nearby (paved roads, commercial airports and low cost hydro electric power). The project is accessible via winter logging roads from the LG2 Hwy, a road system connecting the towns of Matagami and Radisson (La Grande).
About Eastmain Resources Inc. (ER.TO)
Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. The Corporation has a budget of $7.5 million in flow-through funds for exploration within the James Bay region of Québec for 2013.
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.
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