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Last C$0.34 CAD
Change Today +0.04 / 13.33%
Volume 149.7K
ER On Other Exchanges
Symbol
Exchange
OTC US
Toronto
Frankfurt
As of 4:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

eastmain resources inc (ER) Snapshot

Open
C$0.31
Previous Close
C$0.30
Day High
C$0.34
Day Low
C$0.31
52 Week High
03/11/15 - C$0.62
52 Week Low
12/8/14 - C$0.16
Market Cap
45.2M
Average Volume 10 Days
149.6K
EPS TTM
C$-0.09
Shares Outstanding
133.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for EASTMAIN RESOURCES INC (ER)

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eastmain resources inc (ER) 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 (ER) 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 (ER) Key Developments

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.

Darnley Bay Resources Ltd. and Eastmain Resources Announces the Completion of Phase-One Drilling Program

Darnley Bay Resources Ltd. and Eastmain Resources Inc. announced the completion of a phase-one drilling program to test highly-prospective VTEM geophysical targets at its Lac Lessard project. The 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 drill holes (1,995 metres) of heli-supported diamond drilling. Drill hole LL15-02, which tested VTEM conductor Mx1b, intersected 13.8 metres of disseminated sulphide (1 to 5% pyrrhotite, pyrite, chalcopyrite) within the ultramafic intrusion. This unit includes a 1.8-metre-wide interval ranging from 5 to 20% sulphide at a depth of 101.7 metres. 728 split-core samples have been submitted for assay; results are pending.

Eastmain Resources Inc. Announces Completion of Phase-One Drilling Program to Test Highly-Prospective VTEM Geophysical Targets at its Lac Lessard Project

Eastmain Resources Inc. announced the completion of a phase-one drilling program to test highly-prospective VTEM geophysical targets at its Lac Lessard project. The 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 drill holes (1,995 metres) of heli-supported diamond drilling. Highlights: 10 VTEM targets drill-tested; 9 of 11 drill holes intersected the Crete-du-Coq ultramafic intrusion; Drill hole LL15-02 intersected disseminated sulphides over 13.8 metres with semi-massive; sulphides over 1.8 metres in VTEM target Mx1b; Assay data is pending for 728 split-core samples. 10 VTEM geophysical targets coincident with the Crete-du-Coq ultramafic intrusion were tested during the drill program. Field work completed during the summer of 2014 delineated a number of areas containing disseminated sulphides, with elevated nickel-copper-PGM values within this layered ultramafic intrusion. Nine of eleven holes drilled intersected layered pyroxenite and gabbro units comprising the Crete-du-Coq intrusion. Moderate to strong rock alteration, consisting of serpentine, talc and magnetite was observed in drill core. Associated disseminated sulphides include pyrrhotite, pyrite and chalcopyrite. Drill hole LL15-02, which tested VTEM conductor Mx1b, intersected 13.8 metres of disseminated sulphide (1 to 5% pyrrhotite, pyrite, chalcopyrite) within the ultramafic intrusion. This unit includes a 1.8-metre-wide interval ranging from 5 to 20% sulphide at a depth of 101.7 metres. 728 split-core samples have been submitted for assay; results are pending.

 

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