ER: $0.27

Gold Price
$ 1973.83
Last
$ 0.27
Change
0
  • TSX: ER
  • LAST: $0.27
  • CHANGE: $0
  • GOLD PRICE $1973.83 USD

News Releases

Auryn to Acquire Eastmain Resources and Spin Out Peruvian Assets

Combination to Create Fury Gold, a Leading Canadian Gold Developer.

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Eastmain Resumes Exploration on High-Priority Targets

Eastmain has resumed exploration activities this month, under the Covid-19 guidance of the Government of Quebec and the Cree Nation Government of Eeyou Istchee. Exploration activities will focus on extending the Eau Claire mineral resource envelope at dep

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Eastmain Options the Lac Lessard Property

Toronto, Ontario, June 10, 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 its Lac Lessard PGM

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Investors

Eastmain is dedicated to exploring and advancing its high-quality assets in a top tier jurisdiction, while demonstrating the potential to develop a mine with attractive economics. 

Investor Info

About Eastmain

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.

Projects

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.

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Clearwater Exploration

A 14 km prospective trend

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.

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Éléonore South JV

Joint Venture with Goldcorp and Azimut

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.

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