Drill Program Approved For Eleonore South

TORONTO - Eastmain Resources Inc. reported that the 2010 exploration program and budget has been approved by the joint venture partners of the Eleonore South project. Les Mines Opinaca Ltd. a wholly-owned subsidiary of Goldcorp Inc., 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. 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 Eleonore. There is evidence at Eleonore 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 Eleonore 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 Eleonore South, which may lead to another significant gold deposit on the joint venture property."
The company's address is 50 Richmond Street East, Suite 101, Toronto, ON M5C 1N7.