Eastmain RESOURCES

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26.02.10 21:48
#26

 

 
 
Eastmain Resources Inc.
News Release
TSX:ER
 

 

 Eastmain RESOURCES 7514597
 

 

February 26, 2010
 
 

 

 

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

 

Eastmain Completes $5M Flow-Through Financing

 

Toronto, Ontario, February 26, 2010.  Eastmain Resources Inc. ("Eastmain") (TSX:ER) is pleased to announce that it has completed a private placement of 2,000,000 flow-through common shares at a price of $2.50 per flow-through share, for aggregate gross proceeds of $5,000,000. 

 

Casimir Capital L.P. ("Casimir"), who acted as agent on the offering, received a finder's fee equal to 6% of the gross proceeds of the financing as well as non-transferable broker warrants entitling Casimir to subscribe, at a price of $2.00 per share, to such a number of common shares of Eastmain that are equal to 6% of the number of flow-through shares that have been issued as a result of this financing. The warrants have a term of 24 months from closing.

 

The placement was completed at a 78% premium to market share price at the time of closing and will increase Eastmain's treasury by one-third. Proceeds of the Offering will be used to fund exploration of the Company's Quebec gold projects.

 

About Eastmain Resources Inc. (TSX:ER)

 

Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. Eastmain has in excess of $21 million in working capital and holds an interest in 12 projects within the James Bay District, including the Eleonore South property, where a gold discovery has been found in a similar geologic setting to Goldcorp's Roberto deposit. Eastmain's 2010 budget is $7.5 million for gold exploration in Quebec.

 

For further information please contact Eastmain Resources Inc.: Dr. Donald J. Robinson, President or Catherine Butella, Exploration Manager at (519) 940-4870, fax (519) 940-4871, by e-mail: info@eastmain.com or visit our website at www.eastmain.com.

 

 

Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Eastmain, including, but not limited to the impact of general economic conditions, industry conditions, dependence upon regulatory approvals and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

  

"Building for tomorrow, today!" 

 
  
 
 

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Eastmain Resources Inc. | 36 Toronto Street | Suite 1000 | Toronto | Ontario | M5C 2C5 | Canada

Eastmain RESOURCES 7514597 


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Eastmain RESOURCES permanent
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eine beeindruckende Finanzierungsrunde

2
27.02.10 11:52
#27

In der Regel müssen Abschläge bei der Ausgabe von neuen Anteilen in Kauf genommen werden. Hier gab es einen saftigen Aufschlag:

 

The placement was completed at a 78% premium to market share price at the time of closing and will increase Eastmain's treasury by one-third. Proceeds of the Offering will be used to fund exploration of the Company's Quebec gold projects.

 

Gruß

Permanent

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2
18.03.10 08:05
#28

 

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Eastmain Resources Inc.
Review
TSX:ER
 

Eastmain RESOURCES 7663974

 
 
 
 

The Gold Report:  "Mike Kachanovsky-Scoop Up Resource Stocks on Dips"

 
 
In this exclusive interview with The Gold Report, Mike Kachanovsky, aka 'Mexico Mike', (Investor's Digest of Canada), discusses why he believes the market is better than ever for precious metals.

 

 

"Eastmain Resources (TSX:ER). I've been a holder of Eastmain probably since 2003 and have never actually traded it. The management is superb. They've been focused and remain focused on the same part of the world. Year after year good markets or bad they just continue to move things forward. They've attracted some exceptional senior partners to work with, Goldcorp Inc. (NYSE:GG) being the most obvious one that most investors are familiar with. I think the best validation of that story comes from the fact that they've just recently closed a placement to raise additional money that I believe was 60% or 70% above the market price. If you're familiar with the way most companies raise money, they usually have to dangle some sort of a market discount in order to attract a large financing. For Eastmain to be able to secure millions of dollars so far above market price tells me I'm not the only one that believes this company has a great future. Quebec is one of the best mining jurisdictions in the world. There's just not that same upside initial discovery potential in Quebec that you may have from somewhere like Mexico that hasn't seen a lot of that development exploration work. Eastmain is a bit of an anomaly in the fact that they grabbed a lot of their landholdings back in the late '90s when the mining sector was in a severe recession. For a very small Canadian junior to have such excellent property holdings that are now attracting major partners is just another feather in their cap."  

For the complete report Click here 
 
 
 
About EASTMAIN
 
 
 
"Building for tomorrow, today!"
Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. Eastmain has in excess of $21 million in working capital and holds an interest in 12 projects within the James Bay District, including the Eleonore South property, where a gold discovery has been found in a similar geologic setting to Goldcorp's Roberto deposit. Eastmain's 2010 budget is $7.5 million for gold exploration in Quebec.  For more information visit www.eastmain.com.
 
  
 
 

 
 
 

Eastmain Resources Inc. | 36 Toronto Street | Suite 1000 | Toronto | Ontario | M5C 2C5 | Canada

Eastmain RESOURCES 7663974 

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Vorbereitung eines unabhängigen technischen Report

2
16.06.10 08:32
#29

 

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Eastmain RESOURCES 8192397 
NEWS RELEASE
 
 
TSX Symbol: ER
 June 14, 2010
SRK Consulting retained to prepare
NI 43-101 for Eau Claire resource estimate
 
 
 

Eastmain Resources Inc. (TSX:ER) announces that it has retained ("SRK") to audit the Eau Claire mineral resource estimate and prepare an Independent NI 43-101 Technical Report. The new mineral resource estimate will be released once SRK has completed its audit. 

The 2010 resource evalution will include all drilling within the Eau Claire gold deposit to November 2009. The previous mineral resource estimate (2005) was based on 182 vein intersections in addition to surface channel sample data from the 450 West Zone for three of the main veins. The new estimate will also incorporate all vein intersections from 181 drill holes completed in the upper 1/3 of the deposit during the November 2007 to November 2009 programs. These closely spaced, large diameter (HQ) drill holes more clearly delineate vein morphology and grade.
 
A new group of veins (T Veins), discovered while drilling the upper portion of the deposit, are open laterally and vertically at depth and require additional drilling to define their resource potential. More drilling is also warranted to define the gold grade and vein morphology of a series of high-grade veins, previously delineated by surface stripping and drilling west of the Eau Claire deposit, at the 850 West Zone, and of the main group of veins below 300 metres depth. There is also additional mineral resource potential immediately east of the Eau Claire deposit, at the newly discovered high-grade Boomerang prospect. This target is situated along the same favourable geological contact and is characterized by an identical unique metal signature of gold-tellurium-bismuth-silver to that found at Eau Claire. There is excellent potential to increase the gold resources at Eau Claire through continued drilling.

The 2010 exploration program will focus on the continued expansion of the deposit through drilling below 300 metres depth. The program will also concentrate on defining and testing additional targets along two regional trends, both east and northwest of the Eau Claire gold deposit, in search of a second deposit. A minimum $3 Million exploration budget has been allocated to the project.
 
Dr. Donald J. Robinson P.Geo, is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101.
 
About Eastmain Resources Inc. (TSX:ER)
Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. The Corporation has $21 Million in working capital and holds an interest in 12 projects within the James Bay District, including the Eleonore South property. Eastmain has allocated a budget of $7.5 million for gold exploration in Quebec for 2010.
 
For further information please contact Eastmain Resources Inc.: Dr. Donald J. Robinson, President or Catherine Butella, Exploration Manager at (519) 940-4870, fax (519) 940-4871, by e-mail: info@eastmain.com or visit our website at www.eastmain.com.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks. Actual events or results could differ materially from the Company's expectations and projections.   
 
"Building for tomorrow, today."
 
 

 
 

Eastmain Resources Inc. | 50 Richmond St. East | Suite 101 | Toronto | Ontario | M5C 1N7 | Canada

Eastmain RESOURCES 8192397 

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Bohrergebnisse

2
08.07.10 20:00
#30

 

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Eastmain RESOURCES 8294501 
NEWS RELEASE
 
 
TSX Symbol: ER
 July 14, 2010
 

Eastmain Mine A Zone Drilling

7.5 grams per tonne Au over 7.83 metres

 
Eastmain Mines Inc., a wholly-owned subsidiary of Eastmain Resources Inc. (TSX:ER), announces assay results for the first five drill holes completed into the A Zone of the Eastmain Gold Deposit. Hole EM10-04 intersected a 7.83-metre-wide distinct sequence of altered gold-silver-copper-bearing rocks grading 7.51 g/t gold. This intersection, which occurs from 320.3 to 328.2 metres depth, includes 14.29 g/t gold over 3.93 metres and 61.4 g/t gold plus1.07% copper over 0.73 metres, within the A Zone Mine horizon. This interval lies approximately 50 metres northwest of historic hole 332002, and approximately 50 metres due west of historic hole 83CH004 which assayed 14.3 g/t Au (0.42 oz/ton) across 8.64 metres and 14.73 g/t gold over 5.19 metres respectively.

 

An 11,000-metre drill program is in progress with the objectives of expanding both the lateral and vertical limits of the known A, B and C Zones of the Eastmain Gold Deposit, and drill testing a number of geophysical and geochemical targets elsewhere on the property. Four of five drill holes completed within the A Zone have intersected mine series rocks as follows:

 

Hole ID

From (m)

To

 (m)

Length (m)

Au

g/tonne

Ag

g/tonne

Cu %

Zone

EM10-02

322.67

327.48

4.81

1.78

6.89

0.07

A

incl.

323.18

325.28

2.10

3.35

9.37

0.01

A

 

 

 

 

 

 

 

 

EM10-03

279.7

287.14

7.44

3.73

4.26

0.14

A

incl.

281.5

285.0

3.47

7.54

7.46

0.22

A

 

 

 

 

 

 

 

 

EM10-04

320.3

328.2

7.83

7.51

3.49

0.24

A

incl.

320.3

324.2

3.93

14.29

5.95

0.44

A

incl.

321.2

321.9

0.73

61.4

10.6

1.07

A

 

 

 

 

 

 

 

 

EM10-05

238.53

239.05

0.53

1.93

2.17

-

A

 

243.3

244.13

0.83

1.97

1.33

-

A

Notes:

Visible gold observed in EM10-05 and multiple grains of visible gold in EM10-04 still remain in the core tray, and therefore may not be reflected in these analysis.

 

True widths are estimated at 95% of intersection length.

 

The A and B Zones occur within altered "Mine series" rocks, that have been traced through drilling for more than one kilometre in length and to a vertical depth of approximately 300 metres. The Mine series consists of a 20- to 40-metre-wide sequence of highly altered volcanic tuffs, ranging from rhyolite to basalt in composition, intermixed with siliceous or cherty layers containing accessory chalcopyrite, pyrrhotite and locally abundant fuchsite, which is common in Archean gold deposits. The A Zone is also associated with highly altered ultramafic volcanic rocks, sandwiched between a series of pillowed mafic flows. Biotite-altered mafic flows containing minor amounts of pyrrhotite and chalcopyrite, positioned adjacent to Mine series rocks, are a future bulk-tonnage exploration target geologically similar to the Hanging-wall Zone at the Detour
Lake gold deposit, located in Northwestern Ontario.

 

Nine drill holes, EM10-6 to EM10-14 were completed well outside the limits of the deposit area to test geophysical conductors elsewhere on the property. No significant assays have been detected in these regional holes to date. Current drilling will continue to focus on testing the A, B and C Zones.

 

Dr. Donald J. Robinson, President and CEO of Eastmain stated, "We are excited to be drilling our second 100%-owned gold deposit, located within the James Baydistrict of Quebec. The EastmainMine project is an excellent high-grade, polymetallic gold deposit with substantial upside potential. Initial drilling within the A Zone has expanded the limits of the deposit over significant intervals. Important rock alteration in the form of biotite with minor copper and iron sulfides (chalcopyrite and pyrrhotite respectively) within rock assemblages adjacent to the main Mine horizon, indicate strong potential for an additional larger bulk-tonnage-type gold deposit target. Surface exploration in the form of detailed structural mapping and prospecting will continue along the Mine horizon northwest of the gold deposit".

 

Dr. Donald J. Robinson P.Geo, is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. Chemical analysis for the drilling was completed by ALS CHEMEX Laboratories using a 50-gram split for multi-element and gold ICP analysis. Samples grading over 500 ppb are analyzed by fire assay techniques with and atomic absorption finish. Samples greater than 10 grams are then fire-assayed with a gravimetric finish. Internal standards provided by an independent company and blank samples were inserted for quality control purposes. Assay samples are taken from NQ core, sawed in half along the core axis; one half is sent to ALS Laboratories and the other half retained for future reference.

About Eastmain Resources Inc. (TSX:ER)

Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. The Corporation has $21 Million in working capital and holds an interest in 12 projects within the James Bay District, including the Eleonore South property, which is contiguous with the property hosting Goldcorp's Roberto deposit. Eastmain has allocated a budget of $7.5 million for gold exploration in Quebec for 2010.

 
For further information please contact Eastmain Resources Inc.: Dr. Donald J. Robinson, President or Catherine Butella, Exploration Manager at (519) 940-4870, fax (519) 940-4871, by e-mail: info@eastmain.com or visit our website at www.eastmain.com.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks. Actual events or results could differ materially from the Company's expectations and projections.   
 
"Building for tomorrow, today."
 
 

 
 

Eastmain Resources Inc. | 50 Richmond St. East | Suite 101 | Toronto | Ontario | M5C 1N7 | Canada

Eastmain RESOURCES 8294501 

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Conference und möglicher Exit

3
20.09.10 19:09
#31

Ich werde Eastmain in der laufenden Woche aufstocken. Das Management ist in Vorbereitungen Liegenschaften zu verkaufen. Goldcorp wäre die erste Adresse die hier in Frage kommt, immerhin ist Goldcorp Großaktionär von Eastmain. Es ist nicht geplant eine der Liegenschaften bis zur Förderung zu bringen. Suchen, bewerten, verkaufen, das ist das Geschäftsmodell von Eastmain.

Permanent

 

 
 
  
Eastmain RESOURCES 8663886 
 
INVITATION
 
 
TSX Symbol: ER
 
 

 

  
 
Invites you to meet the Management of Eastmain Resources Inc 
at the
2010 Toronto Resource Investment Conference
 
 
Booth #215
 

September 25th & 26th 2010

 
Location:
Metro Toronto Convention Centre
North Building
255 Front Street West, Toronto, ON
 
Show Hours:

7:30AM-6:00PM Saturday, September 25, 2010
7:30AM-6:30PM Sunday, September 26, 2010
 Exhibit Hall:
 10:00AM-5:00PM Saturday, September 25, 2010
 10:00AM-5:00PM Sunday, September 26, 2010
 No admittance fee with pre-registration
For more information visit
 
www.cambridgehouse.ca , or visit www.eastmain.com 
 
 
Eastmain Resources Inc. welcomes and invites you to join Dr. Donald J. Robinson, President, C.E.O., and Ms. Catherine Butella, Exploration Manager in booth #215 at the 2010 Toronto Resource Investment Conference being held at the Toronto Trade & Convention Centre on September 25-26 2010.  Join Dr. Donald J. Robinson, P. Geo., for his presentation, "James Bay Quebec, Canada's Newest Mining District; The Place To Be!", on Saturday, September 25th, at 12:00 in workshop #4. 
 
During this event Eastmain invites all investors, brokers, fund managers and investment clubs to take the opportunity to meet with us to discuss our upcoming activities.
                    
To learn more about Eastmain Resources visit us at www.eastmain.com
 
"Building for tomorrow, today."
 
 
 
 
 

Eastmain Resources Inc. | 50 Richmond St. East | Suite 101 | Toronto | Ontario | M5C 1N7 | Canada

Eastmain RESOURCES 8663886 

Eastmain RESOURCES permanent
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Drill Program

 
21.09.10 18:04
#32

 

 
 
  
Eastmain RESOURCES 8669663 
NEWS RELEASE
 
 
TSX Symbol: ER
 September 21, 2010
 
 
Éléonore South JV Project
Drill Program Underway
 
 
Eastmain Resources Inc. (TSX:ER) announced that a 3,300-metre drill program is underway at the Éléonore South three-way Joint Venture project, located in the Opinaca/Eastmain River district of James Bay Québec. Les Mines Opinaca Ltée. ("Opinaca"), a wholly-owned subsidiary of Goldcorp Inc. (TSX:G, NYSE:GG), and Eastmain have agreed to jointly fund a $1.6-million program designed to drill-test the extensions of a sedimentary-hosted discovery at the JT gold zone, as well as other priority targets on the property. Azimut Exploration Inc. ("Azimut") has declined participation in funding its share of the program and will dilute its interest to approximately 27% accordingly. Eastmain and Les Mines Opinaca will each hold about 36.5% of the project upon completion of the current program. 
 
2010 summer field mapping focused on identifying key structural and lithological controls to the gold mineralization at the JT discovery area in relation to those recognized at Goldcorp's Roberto deposit. 3D interpretation of this field data will assist in selecting drill targets within the JT gold zone in addition to identifying other prospective targets in the immediate vicinity.
 
Situated just 12 kilometres southeast of the multi-million-ounce Roberto Gold deposit, the JT Gold Zone is currently Éléonore South's priority target area. Previous trenching and drilling identified a 1.2kilometre-long by 100 metre-wide succession of gold-enriched sedimentary rocks similar to those hosting Roberto. A large gold-arsenic geochemical plume evident at the north-end of the JT Zone will be drill tested as part of the current program. The primary objective of this drill campaign is the discovery
of ore-grade thicknesses of gold mineralization within the JT Zone, which is open both laterally and at depth.
 
"The JT Gold zone is one of the most significant and important sedimentary-hosted gold targets identified in the region since the discovery of the Roberto deposit. A systematic and sustained exploration effort is essential in generating opportunities for additional discoveries in the area", states Don Robinson, President and CEO of Eastmain.
 
Dr. Donald J. Robinson P.Geo, is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101.
 
About Eastmain Resources Inc. (TSX:ER) Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. The Corporation has $20 Million in working capital and holds an interest in 12 projects within the James Bay District, including the Éléonore South property. Eastmain has allocated a budget of $7.5 million for gold exploration in Québec for 2010.

 

For further information please contact Eastmain Resources Inc.: Dr. Donald J. Robinson, President or Catherine Butella, Exploration Manager at (519) 940-4870, fax (519) 940-4871, by e-mail: info@eastmain.com or visit our website at www.eastmain.com.

 
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Eastmain, including, but not limited to the impact of general economic conditions, industry conditions, dependence upon regulatory approvals and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
"Building for tomorrow, today."
 
 
 
 

Eastmain Resources Inc. | 50 Richmond St. East | Suite 101 | Toronto | Ontario | M5C 1N7 | Canada

Eastmain RESOURCES 8669663 

Eastmain RESOURCES permanent
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Bohrergebnisse

 
28.09.10 08:20
#33

Eastmain RESOURCES 8710177 
NEWS RELEASE
 
 
TSX Symbol: ER
 September 23, 2010
  
Eastmain Mine B Zone Drilling
12.2 grams per tonne Au over 9.5 metres
 
 
 
 
Eastmain Mines Inc., a wholley-owned subsidiary of Eastmain Resources Inc.(TSX:ER), announces assay results from drilling at the Eastmain Gold Deposit, which is located at the eastern end of the Eastmain River Greenstone Belt, in James Bay Quebec. Drill hole EM10-28 intersected a 9.5-metre-wide zone of gold-silver-copper mineralization grading 12.2 g/t gold within the B Zone Mine horizon rocks. This intersection, which occurs from 217.5 to 227.0 metres down the hole, includes 17.4 g/t gold over 5.0 metres and 24.1 g/t gold plus 30.1 g/t silver over 2.5 metres.

 

A 14,000-metre drill program is currently being completed at the Eastmain Mine project. Objectives of the 2010 drilling are to expand both the lateral and vertical limits of the known A, B and C Zones of the Eastmain Gold Deposit, define the structural and lithological controls of gold mineralization, and to drill-test a number of regional geophysical and geochemical targets elsewhere on the property.

 

The A, B and C zones of the deposit have a large mineralized "footprint" occurring over a length of 1.7 kilometres. Prospecting has also identified significant copper-gold mineralization extending for several kilometres northwest of the A Zone, with grab samples grading from 1.38 to 33.3 g/t Au.

 

Hole EM10-28 drilled into the B Zone intersected mine series rocks as follows:

 

Hole ID

From (m)

To

 (m)

Intercept Length* (m)

Au

g/tonne

Ag

g/tonne

Cu %

Zone

EM10-28

217.5

227.0

9.5

12.2

15.7

0.19

B

incl.

221.5

226.5

5.0

17.4

22.9

0.19

B

incl.

223.0

225.5

2.5

24.1

30.1

0.23

B

Notes:

The mineralized interval consists of altered Felsic tuff with quartz veins, accessory pyrrhotite, chalcopyrite and pyrite. Visible gold was observed in the interval from 223.0 to 225.5 metres.

 

*Drill intercepts reported as core lengths are estimated to be 95-100% true width.

 

Drill hole EM10-45, located over a kilometre southeast of hole EM10-28, intersected three mineralized horizons within the C Zone in similarly altered "Mine Series" rocks as those defining the  A and B Zones. Hole 45 intersected 4.3 metres of altered, visible-gold-bearing, mineralized (pyrrhotite and chalcopyrite) basalt and rhyolite tuff cut by quartz veining in the upper part of the hole from 128.4 to 132.7 metres. This unit is followed by a 2.7-metre-wide mineralized zone from 143.4 to 146.1 metres down the hole, consisting of altered rhyolite tuff with quartz veining, one grain of visible gold and minor pyrrhotite and pyrite. In turn, this zone is proceeded by an 8.0-metre-wide interval of the main mine series rocks from 220.0 to 228.0 metres depth, composed of highly altered ultramafic rocks and rhyolite tuff with layers of massive pyrrhotite and chalcopyrite. Assay results for this hole and several others are pending.

 

Dr. Donald J. Robinson, President and CEO of Eastmain stated, "Although assays for a substantial number of drill holes are currently pending, we are impressed with the first phase of drilling at the Eastmain Mine property. Drilling has intersected a number of mineralized intervals of significant thicknesses in all three zones of the Eastmain Gold Deposit. Surface exploration has also confirmed the potential for additional discoveries along the mine trend."

 

Dr. Donald J. Robinson P.Geo, is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. Chemical analysis for the drilling was completed by ALS CHEMEX Laboratories using a 50-gram split for multi-element and gold ICP analysis. Samples grading over 500 ppb are analyzed by fire assay techniques with and atomic absorption finish. Samples greater than 10 grams are then fire-assayed with a gravimetric finish. Internal standards provided by an independent company and blank samples were inserted for quality control purposes. Assay samples are taken from NQ core, sawed in half along the core axis; one half is sent to ALS Laboratories and the other half retained for future reference.

About Eastmain Resources Inc. (TSX:ER)

Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. The Corporation has $20 Million in working capital and holds an interest in 12 projects within the James Bay District, including the Eleonore South property, which is contiguous with the property hosting Goldcorp's Roberto deposit. Eastmain has increased its 2010-2011 budget of $7.5 million by approximately 34%, to about 10 million,  for gold exploration in Quebec.

 

For further information please contact Eastmain Resources Inc.: Dr. Donald J. Robinson, President or Catherine Butella, Exploration Manager at (519) 940-4870, fax (519) 940-4871, by e-mail: info@eastmain.com or visit our website at www.eastmain.com.

Eastmain RESOURCES permanent
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Drilling update

 
07.10.10 07:45
#34

 

 
 
  
Eastmain RESOURCES 8770128 
NEWS RELEASE
TSX Symbol: ER
 October 06, 2010
  
New High-grade veins &
Bulk tonnage targets at Clearwater
 

Eastmain Resources Inc. (TSX:ER) announces that high-grade, gold-bearing, quartz-tourmaline veins containing up to 41.5 g/t Au have been discovered 2.5 kilometres east of the Eau Claire deposit at the SNL Target. 11 trenches have been excavated both north and east of Eau Claire, along the favourable deposit trend. Numerous surface gold showings have been discovered along this trend, which extends for approximately three kilometres in length. Recent trenching exposed a number of gold-tellurium-bearing, quartz-tourmaline veins, with channel samples grading up to 19.4 g/t Au within the Boomerang Target area, one kilometre east of Eau Claire. Trenching has also exposed wide sections of altered and mineralized rock prospective for a bulk tonnage target north of the Eau Claire deposit. Eight of the 11 trenches have been washed and sampled, of these, assays remain pending for seven trenches.

An infill core sampling program currently in progress has been designed to further evaluate the near surface bulk tonnage potential of Eau Claire.

SNL Target

Regional prospecting within the SNL Target area has delineated high-grade, gold-tellurium-bearing quartz-tourmaline veins and altered zones located near the favourable volcanic/sedimentary rock contact. These vein and host rocks are altered and deformed similarly to those within the gold-rich horizons at Eau Claire. Multiple grab samples taken from the SNL area are enriched in both gold and tellurium (Table 1).   

Boomerang Target

Five trenches excavated within the Boomerang Target area expose a number of parallel quartz-tourmaline veins. Assay results from Trench CW2010-15 have confirmed that these veins are enriched in both gold and tellurium as reported in Table 1. The Boomerang prospect was discovered in 2009, when a composite grab sample assayed 254 g/t gold, 640 g/t silver and >500 g/t tellurium. Assay data is pending from four additional trenches completed in this target area (CW2010-8, 12, 16 and 21).

850 West Target

Recent trenching within the 850 West Target area has exposed wide intervals of mineralized and altered rock extending north and west of the Eau Claire gold deposit. Assay data from a rehabilitated historic trench site located immediately north of the 850 West zone confirms that these rocks are gold-bearing. Previous drilling in this area also intersected up to 5.6 g/t Au over 5.8 metres in hole SQ98-43 and 2.4 g/t Au across 15.6 metres in hole SQ98-44. Assay data is pending for new trenches CW2010-19, 20 and 28.

2010 Drilling

Two diamond drills have been contracted to begin an extensive drilling program focused on testing new targets peripheral to the Eau Claire gold deposit. One drill will begin testing the 850 West Target area while the second drill will focus on the Boomerang and SNL Target areas.  

Resource Update

A resource update, which will incorporate an additional 181 HQ drill holes completed within the upper 1/3rd of the Eau Claire deposit since the last estimate (2005), is in progress. The 2005 resource estimate included 182 vein intercepts from wide-spread drilling. The new estimate will contain 1,370 vein intercepts, thereby substantially improving the geological confidence in the deposit. The Company contracted the services of SRK Consulting (Canada) Inc. ("SRK") to audit this estimate. SRK has completed a technical field visit required for an independent NI 43-101 Technical Report. SRK is currently auditing the Corporation's resource estimate and outlining a potential model for future pit optimization of the deposit. Past drilling and surface trenching has provided considerable evidence of bulk tonnage potential within the upper portion of the Eau Claire deposit. Numerous composite drill intersections of four (P, JQ, R and S Veins) of 31 veins outlined at Eau Claire have a weighted average grade as follows:

●               ER07-82          2.07 g/t Au over 53.4 metres,

●               ER07-87          8.37 g/t Au over 37.2 metres,

●               ER07-98          24.4 g/t Au over 55.1 metres,

●               ER07-104        6.64 g/t Au over 35.3 metres,

●               ER08-117        6.65 g/t Au over 23.4 metres,

●               ER08-122        2.06 g/t Au over 39.7 metres,

●               ER08-155        1.48 g/t Au over 60.9 metres,

●               ER09-225        4.05 g/t Au over 30.8 metres,

●               ER09-226        1.71 g/t Au over 36.4 metres and

●               ER09-233        2.58 g/t Au over 31.7 metres

each of these drill intervals have large sections of unsampled core where a zero value was used for a weighted average grade. A major core re-sampling campaign is in progress to determine the metal content of any unsampled wallrock between the veins. The resource estimate will be issued upon completion of SRK's audit and pit optimization work.

The Company has also received a draft metallurgical report from SGS Mineral Services (Lakefield Research) confirming excellent metallurgical test results for the Eau Claire deposit. Metallurgical data will also be integrated with the NI 43-101 Technical Report.

 

Dr. Donald J. Robinson P.Geo, is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101.

in Resources Inc. (TSX:ER)

Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. The Corporation has $20 Million in working capital and holds a pipeline of exploration projects within the James Bay District, including the Eleonore South property. Eastmain has increased its 2010-2011 budget of $7.5 million by approximately 34%, to about $10 million, for gold exploration in Quebec.

 
For further information please contact Eastmain Resources Inc: Dr. Don
ald J. Robinson, President or Catherine Butella, Exploration Manager at (519) 940-4870, fax (519) 940-4871, by e-mail: info@eastmain.com or visit our website at www.eastmain.com.

Table 1. Clearwater Project Trench & Prospecting Assay Data

SAMPLE_ID

TARGET

Au g/t

Te g/t

Channel/Grab

 

E489376

Trench CW2010-15

7.63

6.93

Channel

E489377

Trench CW2010-15

4.04

6.00

Channel

E489385

Trench CW2010-15

19.40

15.95

Channel

E489394

Trench CW2010-15

4.26

8.42

Channel

E489396

Trench CW2010-15

2.50

3.40

Channel

E489397

Trench CW2010-15

6.21

6.64

Channel

E489399

Trench CW2010-15

1.07

1.83

Channel

E490002

Trench CW2010-15

1.40

2.32

Channel

E490004

Trench CW2010-15

4.93

7.57

Channel

E490009

Trench CW2010-15

3.98

5.04

Channel

E490010

Trench CW2010-15

5.78

5.77

Channel

E490011

Trench CW2010-15

1.58

3.48

Channel

E490012

Trench CW2010-15

9.31

16.50

Channel

E490015

Trench CW2010-15

15.70

14.65

Channel

H928757

SNL

7.65

3.33

Grab

H928969

SNL

2.56

0.24

Grab

H928974

SNL

7.76

0.57

Grab

E488958

SNL

2.66

4.24

Grab

E488965

SNL

1.15

1.09

Grab

E488978

SNL

1.02

0.64

Grab

E488980

SNL

41.50

23.10

Grab

E489005

SNL

1.18

8.68

Grab

E489017

SNL

1.35

0.35

Grab

 

         

Notes

Chemical analysis was completed by ALS Chemex Laboratories using a multi-element ICP assay technique. Gold was analyzed by ICP - Atomic Absorption techniques and by Fire Assay - Gravimetric methods. Internal standards provided by an independent company and blank samples were inserted for quality control purposes. One-half metre regularly spaced channel samples were taken perpendicular to the veins to establish gold and tellurium grades. Assay data is pending for channel samples from trenches (CW2010-8, 12, 16, 19, 20, 21 and 28). 

Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Eastmain, including, but not limited to the impact of general economic conditions, industry conditions, dependence upon regulatory approvals and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
"Building for tomorrow, today."
 
 
 
 

Eastmain Resources Inc. | 50 Richmond St. East | Suite 101 | Toronto | Ontario | M5C 1N7 | Canada
Eastmain RESOURCES 8770128
Eastmain RESOURCES permanent
permanent:

Antwort von Eastmain auf eine Anfrage von mir

 
07.10.10 17:42
#35

Our stock price has been lagging as the market is waiting for the resource update. Exploration will continue at Eau Claire focused on testing new gold zones peripheral to the central gold deposit. Our plan is to remain as an explorer not a mine developer. There is always a dilemma in when is the right time to sell. We have two very interesting gold deposits which we have added value to through drilling. There is also interest in our projects from producing gold companies. Ultimately the shareholders will decide if an offer is satisfactory. We raised money at a high premium to the share price thereby minimizing dilution. If there is a transaction the treasury will go with the spin-off company, which will be owned by our current shareholders. In contrast many junior companies have no deposits and no treasury. Which would you choose?

 

Yours truly,

 

Donald J. Robinson, Ph.D., P.Geo

Eastmain RESOURCES permanent
permanent:

Die Verhandlungen über den Verkauf von

 
14.10.10 11:37
#36
Liegenschaften laufen. Der Goldpreis spielt Eastmain dabei in die Hände. Somit ergibt sich keine Eile.
Das Geschäftsmodell von Eastmain ist nicht der Betrieb von Goldminen oder die Goldproduktion. Eastmain kauft Liegenschaften, sucht nach Metallen lässt die Funde von unabhängigen Stellen verifizieren und Verkauft dann die Projekte zum Abbau an Goldproduzenten weiter.
Eastmain hat aus meiner Sicht ein erhebliches Potential.

Permanent
Eastmain RESOURCES permanent
permanent:

private placement

 
09.11.10 19:06
#37

 

Having trouble viewing this email? Click here
 
  
Eastmain RESOURCES 9056179 
NEWS RELEASE
TSX Symbol: ER
 August 09, 2010

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

 

 

Eastmain Resources Inc. Announces

Private Placement Financing

 

Toronto, Ontario, November 9, 2010.  Eastmain Resources Inc. ("Eastmain") (TSX:ER) is pleased to announce that it has entered into an agreement with a syndicate of investment dealers, led by Casimir Capital Ltd. and including RBC Capital Markets (the "Agents") to complete a $4.0 million private placement offering of 1,454,545 flow through common shares at a price of $2.75 per share. The share price of this offering represents a premium of approximately 70 % to the last 10-day volume weighted average trading price of Eastmain's common shares, for the period preceding the signing of the agreement. Prior to closing, the Agents will have the option to increase proceeds raised under the private placement to $5.0 million.

 

Eastmain has agreed to pay a fee equal to 6% of the gross proceeds of the financing to the Agents and issue broker warrants entitling the Agents to acquire such number of common shares of Eastmain as is equal to 6% of the aggregate number of flow through shares sold in the offering. The broker warrants shall be issued at a price of $1.85 per share and will be exercisable for a period of one year following the closing of the private placement

 

The financing is scheduled to close on or about  November 30, 2010 and is subject to the approval of the Toronto Stock Exchange. 

 

Proceeds from this placement will be used to accelerate exploration of new discoveries at Eastmain's Clearwater project.

 

 

About Eastmain Resources Inc. (TSX:ER) 

Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. Eastmain has $20 million in working capital and holds an interest in 12 projects within the James Bay District, including the Éléonore South property, where a gold discovery has been found in a similar geologic setting to Goldcorp's Roberto deposit.

 

For further information please contact Eastmain Resources Inc.: Dr. Donald J. Robinson, President or Catherine Butella, Exploration Manager at (519) 940-4870, fax (519) 940-4871, by e-mail: info@eastmain.com or visit our website at www.eastmain.com
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Eastmain, including, but not limited to the impact of general economic conditions, industry conditions, dependence upon regulatory approvals and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
"Building for tomorrow, today."
 
 
.
 

Eastmain Resources Inc. | 50 Richmond St. East | Suite 101 | Toronto | Ontario | M5C 1N7 | Canada
Eastmain RESOURCES 9056179
Eastmain RESOURCES permanent
permanent:

Info

 
03.03.11 17:23
#38

 

Industry Watch:

Exclusive Interview with

Eastmain CEO about

$10 Million Dollar Exploration Program 

 

Al Korelin with the Korelin Economics Report interviews Dr. Donald J. Robinson, P. Geo, President & CEO of Eastmain Resources at the 2011 Phoenix Investment Conference on "Industry Watch." 

To view the complete interview Click Here 

 

or log on to http://www.youtube.com/watch?v=ERgqlxlmEyU

Eastmain RESOURCES honeypie
honeypie:

Love this baby

 
27.04.15 20:35
#39
I mean HE told ME things....

Eastmain RESOURCES honeypie
honeypie:

Der weiß immer noch nicht...

 
27.04.15 23:54
#40
wer zu ihm spricht.

Wie dämlich kann man sein!
Eastmain RESOURCES videomart
videomart:

ICG takes a strategic position in Eastmain Res.

 
12.04.16 16:00
#41

"Integra Gold takes a strategic position in Eastmain Resources"

on 9 April, 2016
www.caesarsreport.com/blog/...position-in-eastmain-resources/
Eastmain RESOURCES holzauge999
holzauge999:

High-Grades Range from 11.6 g/t to 142.0 g/t Au

 
07.09.16 20:31
#42
Hier der Link:

www.eastmain.com/investors/news/index.php?&content_id=89


Gruss Holzi
Neues Motto: Weg vom Öl das ist Zukunft !!
Eastmain RESOURCES PolluxEnergy
PolluxEnergy:

Brandneues

 
19.04.17 14:47
#43
Eastmain RESOURCES bradetti
bradetti:

NEWS! Habt Ihr schon mal solche Grade gesehen??

 
16.11.17 13:56
#44

Eastmain and Partners obtain More High-Grade Gold Results from Eleonore South, James Bay region, Quebec



TORONTO, ONTARIO--(Marketwired - Nov. 16, 2017) - Eastmain Resources Inc. ("Eastmain" or the "Company") (TSX:ER)(OTCQX:EANRF) is pleased to announce the discovery of additional high-grade gold mineralization on the Éléonore South JV Property in the James Bay region of Québec. The results come as the partnership focuses on recent surface discoveries at the Moni Prospect and along the highly prospective exploration corridor which extends for more than a kilometre to the SW. (See FIGURES 1 to 6). The best grab samples reach very high grades, from 833 g/t Au up to 1,500 g/t Au in boulders and up to 26.1 g/t Au in outcrop. These new results were obtained during follow-up work along the 1.8-km-long highly prospective NE-SW trend on strike with the Moni Prospect (79.6 g/t Au over 4.25 m and 79.5 g/t Au over 5.87 m, see press release of October 17, 2017).

Der JV-partner Azimut resources, der heute ebenfalls vorbörslich diese PR rausgebracht hat steht im ASK schon bei 0,40€. Schlusskurs Canada gestern abend 0,30CAD!!!!

Eastmain RESOURCES bradetti
bradetti:

Das JV teilt isch wie folgt auf:

 
16.11.17 14:10
#45
Eastmain 36,7%
Goldcorp 36,7%
Azimut Res 26,6%

Dürfte spannend werden zur Eröffnung an der TSX :-)
Eastmain RESOURCES PolluxEnergy

Interview

 
#46

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