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| Québec Ontario New Brunswick |
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| QUÉBEC PROJECTS |
| Québec has tremendous mineral potential. Over 90% of the Province is underlain by Precambrian rocks, the source of most of Canada's metals. Québec is world-renown for its numerous base and precious metal deposits. Much of the province's vast territory remains largely unexplored, offering a remarkable blue-sky opportunity for mineral exploration companies and their investors. |
For the past four years, Québec has been rated the most attractive jurisdiction in Canada for mineral exploration investment according to the Fraser Institute. It has also been on the Fraser Institute's top-ten list for worldwide exploration investment attractiveness. The Government of Québec provides tremendous fiscal incentive measures to promote mining exploration in the Province. Eastmain is eligible to receive a combined tax credit and mining duties refund equal to 50% of its eligible mineral exploration expenditures.
Québec's strengths also include a specialized geo-scientific research centre and a skilled mining labour-pool. |
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01. Clearwater:
The company's flagship gold project, located in the James Bay Lowlands of Québec, hosts the Eau Claire deposit. Eastmain holds a 100% interest in the project subject to a 2% NSR held by SOQUEM Inc. As of 2005, Eau Claire contains an estimated resource of 310,000 ounces of gold (indicated) and 680,000 ounces of gold (inferred) resources - see full project description). The deposit is open in all directions. High-grade veins exposed at surface, which range from 18.1 to 118 gpt gold (0.53-3.45 oz/ton), have been traced continuously to below 900 metres. Over the past 16 months definition drilling has intersected over 1000 gold-bearing vein and schist zones confirming a near surface high grade deposit.
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02. Eleonore South:
Eleonore South is a joint venture project with Goldcorp, Eastmain and Azimut. A 14 kilometre-long gold-in-soil anomaly, detected from 2005 surveys, occurs on the south boundary of Goldcorp's Eleonore property. A $1M exploration program is underway on this mine-scale Roberto-type gold target.
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03. Ruby Hill/Eastmain Mine:
Ruby Hill consists of 11,677 hectares in two properties covering the lateral extension of the Eastmain Gold Mine. Ruby Hill is overlain by felsic to ultramafic rocks of the Upper Eastmain River greenstone belt. Similar ultramafic assemblages found elsewhere in Canada and Western Australia host economic nickel-copper-platinum deposits. Geochemical signatures on the property suggest that Ruby Hill may also be prospective for these types of deposits. Eastmain Resources Inc. has an option to earn 100% interest in the project.
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04. Dyna:
Eastmain holds 100% of this 18,616-hectare property located in the Opinaca greenstone belt near the Eléonore project. Several rusty zones with geochemical responses similar to those found at Roberto have been discovered on the property.
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05. Lac Elmer:
Eastmain and Barrick Gold Corporation jointly own this exploration permit in the western end of the Eastmain River Greenstone Belt. Geologically similar to Ontario's 30-million-ounce Hemlo mine and the gold mines of Val d'Or, Québec, Lac Elmer hosts a 12-km-long mineralized horizon enriched in gold, silver, copper and zinc. Grades to 132 gpt gold (3.85 oz/ton) and 1,000 gpt silver (29.2 oz/ton) were obtained in this zone. Quartz veins in extremely altered rocks assayed in excess of 100 gpt gold (2.92 oz) with several ounce-grade intersections.
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06. Lac Hudson:
This wholly-owned property, located in the central portion of the Eastmain Belt, covers prospective geology similar to that hosting Placer Dome's Musselwhite gold mine. Preliminary work detected anomalous gold and base metal concentrations in sulphide facies iron formation and cherty exhalite horizons. Cursory drilling intersected up to 7.9 gpt gold across 1.28 metres (0.23 oz / 4.2 ft), including 15.2 gpt gold (0.44 oz) and 22.3 gpt silver (0.65 oz) over 0.6 metres (2 ft).
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07. Lidge:
This 1024-hectare property, located 250 km north of Matagami, hosts a stratabound, pyritic gold horizon geologically similar to the Bousquet and Hemlo mines of the Canadian Shield. Early drilling intersected up to 11.42 gpt gold over 1.3 metres (0.33 oz/ton/ 4.3 ft) within a pyrite-pyrrhotite-fuchsite bearing cherty tuff.
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08. Radisson:
20,340 hectares of Archean-aged volcanic-sedimentary rocks hosting multiple gold occurrences. Accessible by logging road, the property is located 550 km north of Matagami, 10 km west of the LG2 Hwy. The best assays include grabs to 11.9 gpt gold (0.35 oz) and channel samples of 2.1 gpt gold over 1.3 metres.
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09. Reservoir:
Located in the central part of the Eastmain Greenstone Belt, 60 km southwest of the Roberto discovery, this 8,226-hectare property is owned entirely by Eastmain. Wide-spaced drilling identified three copper-gold zones grading up to 8.15% copper, 36 gpt gold (1.05 oz) and 52 gpt silver (1.52 oz). A 10-million-tonne copper-gold mineralized envelope surrounds this 1.8 km-long metal prospect. Reservoir is geologically analogous to the 10-million-ounce McIntyre Gold mine at Timmins and shows many similarities to Virginia's Eléonore project.
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10. Road King:
A regional copper-arsenic anomaly covers a portion of this 109-claim property wholly owned by Eastmain. A 10-km-long sedimentary-volcanic horizon prospective for Hemlo-type sedimentary hosted gold mineralization straddles the LG-2 Hwy north of the Eastmain River.
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| ONTARIO PROJECTS |
| Building on it's rich mining heritage, Ontario has a bright future in the mineral sector. The province's favourable
geology, comprised largely of the Precambrian Shield, has created a wealth of world-class mineral
deposits. Ontario's gold and base metal deposits rank with the best in the world. |
Ontario is one of the world's leading mineral producers and is Canada's top metals producer. Over
the past century Ontario has produced approximately 166 million ounces of gold, 1 billion ounces of
silver, 10.8 million tons of nickel, 13.8 million tons of copper and 10.2 million tons of zinc.
Metal production exceeds $ 5 billion annually. Home to the Hemlo gold mining camp, Ontario accounts
for over one percent of the world's annual gold production. The lowest cost gold producer in the
world - Goldcorp's Red Lake Mine - is found in one of Ontario's prolific greenstone belts. Ten percent of the world's nickel comes from north-central Ontario's Sudbury Basin. Vast regions of relatively unexplored high mineral potential still exist, creating blue-sky discovery opportunities for innovative explorers.
Favourable geology, easy access to capital markets in Toronto (the largest mine-financing in the
world), comprehensive mining laws, extensive geoscience and technology bases, a skilled workforce
and a highly developed mining service and support system all contribute to make Ontario one of the
top ten places in the world for potential discovery.
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01. Abitibi MegaTEM JV Project:
This Joint Venture with Falconbridge (65% ER/35% Falco) covers over 14,500 kms of the prolific
Abitibi Greenstone Belt - one of the richest mineral belts in the world. State-of-the-art airborne
technology developed by Falconbridge and Fugro has detected at least 225 top-priority geophysical
anomalies that warrant drill-testing. Any one of these targets could become a "company maker".
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02. Abitibi Extension:
The Abitibi Extension Project comprises properties prospective for gold, base metals and diamonds covering the un-explored western extension
of the prolific Abitibi Greenstone Belt. Airborne surveys flown by BHP confirmed that rocks of the
$120-Billion metal-producing belt extend onto Eastmain ground. Eastmain is now the sole owner of
this exclusive data. Dianor Resources Inc. has an option to explore the area.
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03. Akweskwa:
A stratabound pyritic horizon enriched in gold, silver and zinc, similar to ore-bearing rocks at the Hemlo and Bousquet mines, has been traced for over 3 km. Drilling intersected up to 18.5 gpt gold (0.54 oz) and 6.2 gpt silver.
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04. Kidd Project:
This Eastmain option covers base metal VMS claims 2.5 km east of Falconbridge's 160-million-tonne Kidd Creek Mine.
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| NEWBRUNSWICK PROJECTS |
| New Brunswick is an active mining community with markets in Canada, USA, Europe, South America and Japan. The value of total mineral production for the province exceeds $800 million annually. With major ice-free ports having bulk cargo capacity, leading edge technology and a well trained, highly skilled bilingual workforce, New Brunswick is poised for future mineral exploration. |
As the continents began to reform some 600 million years ago, New Brunswick became a tapestry of landscapes comprised of varying rock types from different ages. In several parts of the province these rocks contain valuable mineral deposits or are quarried for commercial purposes.
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01. Railroad:
Railroad is situated immediately south of past-producing Heath Steele Mine (25M tonnes) and about 45 km southwest of the 165-million tonne Brunswick 12 zinc-lead-silver mine. This 6,400-hectare property hosts several major base-metal prospects in key Brunswick mine rocks. Drilling intersected multiple high-grade horizons in base-metal rich sulphide zones. The best assay included 33.4% zinc, 17.0% lead, 0.4% copper and 342 gpt silver (10 oz).
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02. RockyLake/Otterbrook:
75% Eastmain, 25% McBroom Resources. The properties are comprised of 55 claims flanked by the Half-Mile Lake, Stratmat and Wedge deposits. Drilling has defined significant zones of alteration containing copper-zinc sulphides.
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03. Tingley Brook:
75% Eastmain, 25% Bubbee Ventures Inc. Properties cover land geologically similar to that hosting giant Brunswick deposits. Work on the southern-most claims suggests a possible deep-seated source for base metal. The Sandburn West block, located immediately west of the Railroad group, is geologically similar to the Key Anacon VMS base metal deposit. Drilling has traced wide sulphide-rich zones and iron formation for over 3 km.
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