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Last C$0.42 CAD
Change Today 0.00 / 0.00%
Volume 76.0K
ER On Other Exchanges
As of 3:59 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

eastmain resources inc (ER) Snapshot

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03/11/15 - C$0.62
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12/8/14 - C$0.16
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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. Announces Drilling Results from Lac Lessard Project at James Bay, Quebec

Eastmain Resources Inc. announced that a 1,500- to 2,500-metre drill program, funded by Darnley Bay Resources Ltd., is underway to test approximately 10 very highly prospective VTEM geophysical targets coinciding with the Crete-du-Coq ultramafic intrusion. This ultramafic intrusion is located within Eastmain's Lac Lessard Project in the region of James Bay, Quebec, approximately 10 kms east of the newly constructed Route 167 North ­ infrastructure built as part of the provincial government's Quebec Nord initiative. Highlights: Drill-testing 10 highly conductive VTEM geophysical targets; Surface sampling confirms anomalous Ni-Cu-PGMs within highly prospective host; Excellent infrastructure ­- close proximity to Route 167 North and Eastmain Mine camp; Project funded by DBL - $2.5 million to earn 50% over four years.

Eastmain Resources Inc. Appoints John A. Hansuld as Lead Director

Eastmain Resources Inc. announced that its Board of Directors has appointed Dr. John A. Hansuld to the position of Lead Director. Early in his career, as an intrepid geochemist John initiated the application of geochemical techniques essential to understanding the dispersion and relative mobility of common metals in soils and other secondary media. Soon afterwards, in his role as company-builder, John turned Amax Exploration Canada into a premier exploration and mine development group, which he later took public as Canamax Resources, developing a number of mines under the Canamax umbrella.

Eastmain Resources Inc. Releases Updated Mineral Resource Statement for its Eau Claire Gold Deposit

Eastmain Resources Inc. released an updated Mineral Resource Statement for its wholly-owned Eau Claire Gold Deposit, part of the Clearwater project, located within the James Bay region of Quebec, Canada. This new Mineral Resource Statement demonstrates that Eau Claire is one of the highest-grade open pit prospects, with potential for economic extraction, in North America. In addition, there remains excellent exploration potential to further expand the size and improve the grade of this pit-constrained mineral resource, both at depth and along strike. Open-pit Measured and Indicated (M&I) gold resources increased by 53% to 885,000 ounces of contained gold while maintaining an exceptional grade of 4.05 g/t Au. Open-pit Inferred gold resources contain 110,000 ounces of contained gold at a grade of 3.12 g/t Au. Closely-spaced composite surface channel sample grades are 81% higher, at 13.2 g/t, than Measured Open-pit gold Resources, suggesting that additional drilling and sampling have excellent potential to increase contained gold ounces significantly. Increased geological and geostatistical confidence in the continuity of high-grade gold mineralization, as a result of approximately 70,000 metres of drilling completed entirely in the upper 1/3rd of the deposit, demonstrates Eau Claire’s potential for economic extraction. Definition drilling since the last Mineral Resource estimate focused entirely on increasing both the quality and quantity of gold resources within the upper 1/3rd of the Eau Claire gold deposit, resulting in the expansion of M&I Open Pit Mineral Resources by 53% to 885,000 ounces of contained gold within 6.8 million tonnes at a grade of 4.05 g/t Au.


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