High-Grade Gold Triple Play: Exploration and Development in Central James Bay, Québec
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Eastmain Reports Final Assay Results from the KS Horizon Summer Exploration Campaign, Clearwater
Eastmain Resources Inc. reports channel sampling assay results and final sampling assay results and final high density prospect sampling results from its summer exploration campaign at the Company’s 100%-owned Clearwater Property. A 20-hole (4,000 m) dril
Eastmain annonce les derniers résultats d’analyse de la campagne d’exploration estivale ciblant l’horizon KS à Clearwater
Eastmain annonce les résultats d’analyse des travaux d’échantillonnage en rainures et les derniers résultats des échantillons de prospection à haute densité prélevés dans le cadre de sa campagne d’exploration cet été sur la propriété Clearwater, détenue à
Eastmain’s Summer Exploration Program Cuts Channel Samples up to 3.69 g/t Au over 14 m at Percival and Collects Grab Sample of 10.3 g/t Au at a new Priority Target; Drilling Program Underway
Toronto, Ontario, August 13, 2019 - Eastmain Resources Inc. (“Eastmain” or the “Company” - TSX:ER, OTCQX:EANRF), a gold exploration and development company operating in Eeyou Istchee, James Bay, Quebec, is pleased to provide results from its summer surfac
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.