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Last €0.23 EUR
Change Today -0.003 / -1.31%
Volume 0.0
As of 4:35 AM 10/13/15 All times are local (Market data is delayed by at least 15 minutes).

eastmain resources inc (EM5) Snapshot

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52 Week High
03/11/15 - €0.43
52 Week Low
11/5/14 - €0.11
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eastmain resources inc (EM5) Details

Eastmain Resources Inc., together with its subsidiary, Eastmain Mines Inc., engages in the acquisition, exploration, and discovery of mineral resource properties in Canada. It holds a 100% interest in the Eau Claire and Eastmain gold deposits, as well as interests in 10 other properties covering approximately 120,000 hectares in the James Bay Region of Northern Québec. Eastmain Resources Inc. was incorporated in 1982 and is based in Mono, Canada.

15 Employees
Last Reported Date: 01/28/15
Founded in 1982

eastmain resources inc (EM5) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$226.8K
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

eastmain resources inc (EM5) Key Developments

Eastmain Resources Inc. Appoints Dr. Laurence Curtis Director and Non-Executive Chairman of the Board

Eastmain Resources Inc. announced that the Board of Directors has appointed Dr. Laurence (Laurie) Curtis as director and non-executive Chairman of the Board. Together with Eastmain's Board and Management, Laurie will spearhead the transition of the company's project, Clearwater, from exploration to development. Most recently Laurie has become Technical Advisor, Capital Markets for a number of funds, including the Tribeca Global Resources Fund. Laurie is also currently a Director of Stonegate Agricom and Director and Chair of Ferrum Americas.

Eastmain Resources Inc. and Darnley Bay Resources Limited Announces Early-Staged Drilling Results for the Lac Lessard Project

Eastmain Resources Inc. and Darnley Bay Resources Limited announced early-staged drilling results for the Lac Lessard project. Two of 10 VTEM targets drill-tested intersected nickel- sulphide mineralization over wide intervals within the Crete-du-Coq ultramafic intrusion. The drill program, funded by Darnley Bay Resources Ltd, as part of its first-year work commitment to an option agreement, whereby DBL can earn 50% of the project, consisted of 11 heli-supported diamond drill holes for a total of 1,995 metres. Drill hole LL15-02 collared within the Crete-du-Coq ultramafic intrusion intersected disseminated sulphides over a 12.5-metre interval assaying 0.38% nickel and 0.13% copper. Semi-massive sulphides intersected at the bottom of this interval contain 1.08% nickel and 0.31% copper over a length of 2.5 metres. A five-metre interval of disseminated nickel sulphides containing 0.41% nickel and 0.09% copper was also intersected 126.0 metres down the hole. Drill hole LL15-02 did not reach the lower contact of the ultramafic intrusion, indicating additional potential at deeper levels of the Crete-du Coq. Drill hole LL15-10 was completed to test a strong airborne induced polarization (IP) anomaly corresponding with a strong magnetic feature. This hole intersected an average of 0.29% nickel across 198.4 metres within a fine-grained, magnetite-bearing ultramafic rock.

Eastmain Resources Inc. Wins Contract for Preliminary Economic Assessment for Eau Claire Deposit, Clearwater Project, Quebec

Eastmain Resources Inc. announced that it has awarded the contract to complete an independent Preliminary Economic Assessment of its wholly-owned, high-grade Eau Claire gold deposit (Clearwater Project), located in the James Bay Mining District of Quebec, to G Mining Services Inc. on the PEA is scheduled to begin immediately, with completion targeted for the second quarter of 2016. Extremely encouraged by results to date at Eau Claire, Eastmain has determined that completion of essential studies associated with a PEA will provide further clarity to the potential viability of the deposit, while the Company continues exploration work to upgrade and extend Eau Claire's high-grade gold mineral resources. GMS, an internationally recognized engineering firm with its head office located in Montreal, Quebec, will act as lead consultant, providing professional engineering and financial services, and shall be responsible for the overall coordination and completion of the PEA. The scope of services for the PEA will include open-pit and underground mine engineering and design, metallurgical and processing studies, environmental and social impact studies, a review of infrastructure requirements and preliminary economic modeling and analysis. GMS has concluded its technical review and validation of the Eau Claire block model resource estimate, as provided by SRK Consulting (Canada) Inc. and is now beginning its initial scoping studies for the Clearwater project. Mr. Serge Bureau, MSc, P.Eng, Technical Advisor, Mining Development will oversee the completion of the PEA on Eastmain's behalf. Mr. Bureau has extensive experience in project evaluation and feasibility studies, project construction and mine operations management, and has overseen a number of international projects through from discovery to sustained production. The recently completed mineral resource update for the Clearwater Project indicates potential for both Open Pit and Underground mining operations at the Eau Claire gold deposit. A combined Measured and Indicated Open Pit resource grade of 4.05 grams gold per tonne compares very favourably to other undeveloped open pit gold projects in North America, ranking as the second highest-grade of those containing more than 500,000 ounces gold with grades of over 1.5 grams per tonne. Clearwater also benefits from infrastructure advantages, with permanent road access and hydroelectric power facilities located nearby. There is substantial potential for deposit expansion and upgrading of resource categories within and lateral to the Eau Claire deposit, as presently defined. Wide-spread, high-grade, gold-bearing drill intercepts, now designated as inferred resources, occur in close proximity to the optimized limits of the current open pit. Additional delineation drilling at Clearwater will target these inferred resources, which extend for at least one kilometre laterally to the east of the Eau Claire pit. Work on the expansion of Open Pit gold resources at Eau Claire will continue concurrently with the PEA.


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