Honey Badger to Begin Drilling on Eastmain's Radisson Project

Honey Badger to Begin Drilling on Eastmain's Radisson Project 
TORONTO, ONTARIO -- (Marketwire) -- 03/22/13 -- Eastmain Resources
Inc. (TSX:ER) announced that Honey Badger Exploration Inc. ("Honey
Badger") has commenced a 1,000- to 1,500-metre drill hole program on
prospective gold targets identified on Eastmain's Radisson Project,
located within the emerging James Bay Mining District of Northern
Quebec.  
The Radisson gold property lies within an Archean-aged greenstone
belt approximately 120 and 165 kilometres north of the Eleonore
(Roberto) and Clearwater (Eau Claire) gold properties respectively.
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 district-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). 
Honey Badger can earn a 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. 
The Radisson project is characterized by regional greenstone belt
geology and associated major structures found throughout each of the
major gold mining camps in the Canadian Shield. Geological
interpretation of previous surface exploration work indicates the
Radisson property is highly favorable for hosting several types of
deposits, including: 


 
1.  shear-zone hosted gold deposits, similar to Hemlo (ON); 
2.  banded, folded iron formation hosted gold deposits, like Musselwhite
    (ON) and Homestake (ND); and 
3.  potassium-altered intrusive related gold deposits, such as McIntyre and
    Hemlo (ON).

 
The eastern half
 of the property is a complexly folded and sheared
area, very prospective for gold mineralization. Previous soil and
rock sampling outlined extensive zones of enriched gold coincident
with interpreted structures. Anomalous concentrations of other
pathfinder elements such as copper, potassium, arsenic and barium
have also been detected with gold.  
Honey Badger has selected three prospective gold targets for testing
during this program. Other key targets will be evaluated by
additional prospecting and trenching during the summer field season. 
According to Dr. Donald J. Robinson, President and CEO of Eastmain
"The Radisson Project is an extremely under-explored property
underlain by highly prospective geology for gold ore deposits.
Previous senior company explorers spent over a million dollars
proving-up high-priority gold targets, which have never been drill
tested. We are very pleased to see Honey Badger begin drilling this
significant project." 
About Eastmain Resources Inc. (TSX:ER)  
Eastmain is a Canadian gold exploration company with 100% interest in
the Eau Claire and Eastmain gold deposits. The Corporation has
allocated $7.5 million for exploration within the James Bay region of
Quebec for 2013. 
For further information 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.
Contacts:
Eastmain Resources Inc.
Dr. Donald J. Robinson
President
(519) 940-4870
(519) 940-4871 (FAX) 
Eastmain Resources Inc.
Catherine Butella
Exploration Manager
(519) 940-4870
(519) 940-4871 (FAX)
info@eastmain.com
www.eastmain.com
 
 
Press spacebar to pause and continue. Press esc to stop.