Eastmain Resources Inc.

account_balanceMining

  About Us
Eastmain is a Canadian exploration company advancing three high-grade gold assets in the emerging James Bay gold camp in Québec. The Company holds a 100%-interest in the Clearwater Property, host of the Eau Claire Project, for which it issued a Preliminary Economic Assessment (“PEA”) in May 2018, and the Percival Discovery made in November 2018.
Website

http://www.eastmain.com/

http://www.eastmain.com/

Headquarters

82 Richmond Street East Suite 201 Toronto, Ontario M5C 1P1

Public Issuance

1992

Shares Outstanding

242.47m

Corporate Filings

SEDAR

Stock Symbol

ER:CA

location_on82 Richmond Street East Suite 201 Toronto, Ontario M5C 1P1
 3 Reasons to invest
  1. CURRENT VISION AND WORK
    ➢ Eau Claire Post PEA Pre-Development
    ➢ District potential
    ➢ 3-in-3 Exploration Vision:
    3 million oz of total mineral resources in 3 years
    (by early-2021)

  2. UNIQUE VALUE PROPOSITION
    ➢ Tier 1 Jurisdiction
    ➢ Available infrastructure
    ➢ High-grade Gold assets – 6 to 8 g/t Au
    ➢ District potential:
    ➢ Total property package - 1,090 km2
    ➢ Exposure to 30 km of major features on
    Clearwater

  3. Focused on 3 Key Assets
    Most Aggressive Junior in James Bay
    Management Strength

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 Current Team
Thumb screen shot 2019 09 15 at 6.57.32 am
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Eau Claire Project
Eastmain owns a 100%-interest in the Clearwater Property, host to the Eau Claire Project, one of five known gold deposits in the Eeyou-Istchee/James Bay region of Québec. The largest of these, the Newmont Goldcorp Corporation-owned Éléonore Mine, located only 57 km due north of the Eau Claire Project.
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Eastmain Mine Project
The Eastmain Mine Project is centred at roughly 52o 18’ N Latitude and 72o 05' W Longitude, within the Upper Eastmain River Greenstone Belt, approximately 320 km north-northeast of Chibougamau and about 800 km north of Montréal, Québec. The property consists of 152 mineral claims and one industrial lease permit. The property covers approximately 8,014 ha and is owned 100% by Eastmain Mines Inc., a wholly-owned subsidiary of the Company. The former Eastmain Mine, as defined by the perimeter of an historic mining lease, is subject to a production royalty (NSR) of 2.3% through production of the next 250,000 oz produced and 2% thereafter. A package of claims surrounding the mine precinct is subject to a production royalty (NSR) of 2%.
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Thumb screen shot 2019 09 15 at 6.57.32 am
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Eau Claire Project
Eastmain owns a 100%-interest in the Clearwater Property, host to the Eau Claire Project, one of five known gold deposits in the Eeyou-Istchee/James Bay region of Québec. The largest of these, the Newmont Goldcorp Corporation-owned Éléonore Mine, located only 57 km due north of the Eau Claire Project.
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Clearwater Exploration
The Clearwater Property is underlain by typical Archean greenstone assemblages of the La Grande Group, which are essentially composed of volcanic rocks of basaltic to rhyolitic composition and related clastic and chemical sedimentary rocks, intruded by dioritic to granitic igneous rocks.
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Thumb screen shot 2019 09 15 at 7.00.49 am
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Eastmain Mine Project
The Eastmain Mine Project is centred at roughly 52o 18’ N Latitude and 72o 05' W Longitude, within the Upper Eastmain River Greenstone Belt, approximately 320 km north-northeast of Chibougamau and about 800 km north of Montréal, Québec. The property consists of 152 mineral claims and one industrial lease permit. The property covers approximately 8,014 ha and is owned 100% by Eastmain Mines Inc., a wholly-owned subsidiary of the Company. The former Eastmain Mine, as defined by the perimeter of an historic mining lease, is subject to a production royalty (NSR) of 2.3% through production of the next 250,000 oz produced and 2% thereafter. A package of claims surrounding the mine precinct is subject to a production royalty (NSR) of 2%.
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Thumb screen shot 2019 09 15 at 7.02.54 am
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Éléonore South Joint Venture
The Éléonore South Joint Venture (“ESJV”) is held by Eastmain (36.72%), Azimut Exploration Inc. (“Azimut”) (26.57%), and Newmont Goldcorp Corporation (36.71%). The ESJV was formed in 2008. In 2016, the partners reactivated the JV, to focus in the east sector of the property, with discoveries announced in 2017 on the Moni and Contact Trends. Exploration today continues to focus on the metasediment and tonalite contact in the east. Eastmain currently acts as manager and operator of the joint venture on behalf of the partners.
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