High-Grade Gold Triple Play: Exploration and Development in Central James Bay, Québec
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Eastmain Resources Announces C$3 Million Bought Deal Private Placement
Eastmain announces that it has entered into an agreement with a syndicate of underwriters led by Laurentian Bank Securities Inc., pursuant to which the underwriters have agreed to purchase, on a “bought deal” private placement basis, C$3,000,000 of securi
Eastmain recoupe 0,97 g/t Au sur 74.5m en forage sur la découverte Percival, propriété Clearwater
Eastmain Resources a le plaisir d’annoncer les résultats de quatre sondages (907 mètres (« m »)) forés dans le cadre du programme d’hiver 2019 totalisant 5 500 m répartis sur 20 sondages et ciblant le secteur de la découverte Percival (« Percival ») sur l
Eastmain Drills 74.5 m of 0.97 g/t Au Near-Surface at the Percival Discovery, Clearwater Property
Eastmain Resources Inc. is pleased to report results for four drill holes (907 metres (“m”)) of the 20-hole, 5,500 m 2019 winter program at the Percival discovery (“Percival”), on the 100%-owned Clearwater Property in James Bay, Québec (see FIGURES 1-6).
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.