ER: $0.11

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  • TSX: ER
  • LAST: $0.11
  • CHANGE: $-0.01
  • GOLD PRICE $1488.46 USD

News Releases

Eastmain Resources Upsizes Previously Announced Private Placement Financing to C$2.5 Million

Eastmain is pleased to announce that it intends to upsize its previously announced non-brokered private placement (the “Offering”) to accommodate demand from shareholders (see news release dated October 9, 2019). The Offering has increased to an aggregate

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Eastmain Resources Announces C$2 Million Private Placement Financing

Eastmain is pleased to announce that it intends to complete a non-brokered private placement (the “Offering”) of common shares for aggregate gross proceeds of up to $2.0 Million. The Offering is comprised, in part, of a minimum of C$500,000 of units of th

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Eastmain Drills 31.1 m of 1.15 g/t Au including 14.9 m of 2.05 g/t Au at the Percival Discovery, Clearwater

Eastmain reports assay results from 7 (seven) holes (1,465 m) in its fall drilling program on the Company’s 100%-owned Clearwater Property (see FIGURES 2-5). The 20-hole (4,000 m) drill program will be completed in the first week of October, with the bala

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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. 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.

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.

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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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