High-Grade Gold Triple Play: Exploration and Development in Central James Bay, Québec
Sign up for the latest news and updates
Eastmain recoupe 2,57 g/t Au sur 14,5 m en forage près de la surface dans l’extension est de l’indice Percival, propriété Clearwater
Toronto, Ontario, le 13 mai 2019 - Eastmain Resources Inc. (« Eastmain » ou la « Société » - TSX : ER, OTCQX : EANRF) a le plaisir d’annoncer les résultats de sept sondages (1 767 mètres (« m »)) forés dans le cadre du programme d’hiver 2019 ciblant le se
Eastmain Drills 14.5 m of 2.57 g/t Au near-surface in an eastward step-out hole at Percival Discovery, Clearwater Property
Toronto, Ontario, May 13, 2019 - Eastmain Resources Inc. (“Eastmain” or the “Company” - TSX:ER, OTCQX:EANRF) is pleased to report results for 7 drill holes (1,767 metres (“m”)) in the 2019 winter program at the Percival discovery (“Percival”), on the 100%
Toronto, Ontario, May 8, 2019 - Eastmain Resources Inc. (“Eastmain” or the “Company”- TSX:ER, OTCQX:EANRF) is pleased to announce that it has completed its previously announced bought deal private placement (the “Offering”) for aggregate gross proceeds of
Québec's Central James Bay: Emerging Gold District with Available Infrastructure
Eastmain’s total land holding of 109,000 hectares, is located in the James Bay area of Québec with available infrastructure and several operations nearby. The Company is focused on pre-development activities at its Eau Claire open pit and underground project while concurrently exploring the broader exploration targets on the Clearwater Property. Clearwater is host to the Percival discovery (November 2018), and is the focus of the majority of Eastmain’s exploration efforts. Rounding out the triple play, Eastmain is also focused on the continued exploration of the Moni and Contact Trend discoveries on the Éléonore South Joint Venture Property, a large land package adjacent to the region’s largest gold mine.
Eau Claire Project
Robust PEA Announced May 2018
The Eau Claire project has an IRR of 27%, and NPV 5% of $260 million and a 12 year mine life defined in an open pit and underground scenario.
Discovered in November 2018, Eastmain is focused on the new Percival Discovery and the KS Horizon. The KS Horizon extends from the Knight to the Serendipity targets and is a major geological feature that will be the subject of exploration for the next few years.
A large gold exploration target extending 5 km x 0.5 km along the tonalite and metadesiment contact. In 2017, the Moni and Contact Trends were discovered and have since been the main focus of exploration activity.