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PROJECT SNAPSHOT


A brief overview of some highlights from our projects.

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Clearwater Project (100% Eastmain)

  • >2009 Phase One Drilling - in progress; gold deposit is open east, west and at depth; >1000 assays pending

    >Boomerang prospect - 254 g/t Au, 640 g/t Ag. >500 ppm Te

    >Metallurgical & Assay program underway

    >178 holes 30,000m completed in last 12 months

    >350 vein intercepts average 14.9 g/t gold;

    >250 vein intercepts average 19.6 g/t gold;

    >150 vein intercepts average 27.6 g/t gold;

    >50 intercepts average 63.0 g/t gold (1.84 ounces per ton);

    >10 intercepts average @ 210.4 g/t gold (6.14 ounces per ton);

    >up to 2,540 g/t AU or 74.17 ounces per ton gold;

    >1000+ ounces gold per verticle metre

  • NI 43-101 Resource Estimate (December 2005)
    Indicated resource –313,191 ounces gold;
    1,029,332 tonnes @ 9.46 g/t gold (8.18 g/t cut)
    Inferred resource – 679,464 ounces gold;
    3,049,660 tonnes @ 6.93,g/t gold (6.53 g/t cut)


  • 450 West Zone High Grade surface assays include:
    Average Grade: 23.5 g/t Au or 0.70 ounce per ton gold
    JQ Vein....... 0.89 oz/ton gold over a length of 550 ft
    P Vein.......... 0.53 oz/ton over lenth of 450 ft
    R Vein.......... 1.70 oz/ton over a length of 85 ft

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Eastmain/Opinaca Belt Projects, Québec – (NEW gold mining camp)

  • Éléonore South Property (Goldcorp-Eastmain-Azimut JV); Eastmain (project operator)

    >2009 Drilling to test Roberto-type gold mineralization (Eastmain-Goldcorp funding)

    >Mineralization system 1.2 km long and OPEN;> 2000 assays pending

    >Property immediately adjacent to multi-million ounce Roberto gold discovery at Éléonore

    >JT Target - up to 37.8 g/t Au incl. 20g/t Au/ 2m and 5.33 g/t Au/8 m in Roberto-type rocks

    >Mine horizon rock formations extend across Éléonore South property

    >10 kilometre-long gold soil geochemical anomaly (up to 1.25 g/t Au in soil) - defined by 10,000 samples


  • Dyna Project - 100% Eastmain; Éléonore area property with multiple gold anomalies in soil and rock; Roberto-type geology

  • Eastmain Mine Project (100% Eastmain Resources) $40M in previous expenditures

    >Quebec announces $130M funding for Otish road extension providing road access to Eastmain Mine property

    >255,750 ounces measured and indicated
    – OPEN at depth, multiple gold ocurrences on the property
    >

    >Contact and Hangingwall gold targets indicate a Multi-Million-ounce exploration potential

    >Bonanza gold grades – A zone: 13.4 g/t Au across 9.22 m; B zone: 61.5 g/t Au across 8.95m

    >WINTER DRILL program to test the deposit at depth and laterally along the 10-kilometre-long MINE horizon

    >Ramp and two levels developed underground; Permanent camp, airstrip and 20-year mining lease

    >$16 per ounce gold acquisition cost; Net Smelter Value = US$125.8 Million at $$900 gold price

  • Ruby Hill Project (100% Eastmain Resources)

    >Adjacent to Eastmain Mine Property; 1st phase drilling confirms mine geology

    >Regional VTEM survey detected high-priority targets coincident with key mine geology; potential for gold, Ni-Cu discovery

  • Reservoir Project – (100% Eastmain Resources)

    >Large copper-gold system southwest of Éléonore gold discovery.

    >Drill intercepts from 1.79 g/t gold across 21 m to 5.35 g/t gold across 6 m.

    >Surface channel samples up to 5% copper, 36 g/t gold and 52 g/t silver.

  • Lac Elmer Project – 50% Eastmain; 50% Barrick Gold Corporation

    >50-km2 property at western end of Eastmain River greenstone belt.

    >Similar to 30-million-ounce Hemlo gold mine. Hosts kilometric-size mineralized horizon enriched in silver-gold-copper and zinc.

    >Multi-ounce silver and ounce-level gold assays in surface showings.

    >Up to 50 g/t silver and 0.5 g/t gold across 30 m in drilling.

  • Radisson Project – (100% Eastmain Resources)

    >83.2-km2 property covering 17-kilometre-long trend of prospective greenstone belt.

    >Multiple Au ± Cu rock showings and zones up to 350 m long with up to 9.8 g/t Au in grab sample;

    >2009 Summer target definition work.

  • Lac Hudson Project – (100% Eastmain Resources)

    >Central part Eastmain River Greenstone Belt, 5 km south of Reservoir. Gold and base metals in iron formation.

    >Preliminary drilling intersected up to 15.2 g/t gold and 22.3 g/t silver.

    >Prospective for sedimentary-hosted gold deposit.

  • Road King Project – (100% Eastmain Resources)

    >109 claims; 56 km2.

    >Property covers 10-km-long volcanic-sedimentary rocks prospective for sedimentary-hosted gold deposit.


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Ontario Exploration:

  • Abitibi MegaTEM Project (70% Eastmain; 30% Xstrada, formerly Falconbridge)

    >Area: Abitibi belt: $120 Billion past metal production; >200 M ounces gold, 900 M ounces silver, 8.5 M tonnes copper, 20 M tonnes zinc

    >Base metal & gold deposit exploration within trucking distance of Xstrata smelter facility

    >Drilling completed on High Priority St. Laurant nickel prospect - assay pending/strong>


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Diamond and Uranium Property Acquisitions:

  • Uranium stock holdings: 508,836 shares of Western Uranium Corp. (cost $0.13/share)
  • Diamond stock holdings: 340,000 Shares of Dianor Resources Inc. (Acquisition cost $0.00)
  • Lithium stock holdings: 169,000 of Western Lithium (cost $0/share)

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