Eastmain Options the Ruby Hill Properties to Benz Mining; Amends Eastmain Mine Project Option
Toronto, Ontario, April 30, 2020 - Eastmain Resources Inc. (“Eastmain” or the “Company” - TSX:ER, OTCQB:EANRF), a gold exploration and development company based in Eeyou Istchee James Bay, Quebec, is pleased to announce it has optioned to Benz Mining Corp
Eastmain Reports Voting Results from Annual General and Special Meeting
Toronto, Ontario, April 24, 2020 - Eastmain Resources Inc. (“Eastmain” or the “Company”- TSX:ER, OTCQB:EANRF) has released the voting results from its annual general and special meeting held Thursday April 23, 2020, virtually, in accordance with company b
Eastmain Announces Virtual Annual Meeting of Shareholders and Availability of 2019 Management Information Circular and Proxy Voting Form
Eastmain Resources Inc. (TSX:ER) (the “Company” or “Eastmain”) today announces that its Annual and Special Meeting of shareholders scheduled for Thursday, April 23, 2020 will be held in a virtual-only format. The Company also announces that its 2019 Notic
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. 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, based on $1,250/oz Au.
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.