Eastmain Resources - 500 Beiträge pro Seite

[heddog]

Hallo,
Eastmain Resources ist ein meiner Meinung nach völlig unterbewerteter Explorer mit zahlreichen JV-Projekten in Kananda. Partner u.a. Goldcorp, die auch einen 10% Anteil an ER halten, Barrick und BHP Billiton.

http://www.eastmain.com/index.php

Highlights

* GOLDCORP increases ER ownership to 10%

* Strategic Alliance with Goldcorp renewed to 2011

* Toronto Stock Exchange listing since 1996

* Eastmain to own 2 gold deposits and large land holdings adjacent to Goldcorp’s Roberto Gold deposit

* Éléonore South Project – ER-Goldcorp-Azimut; 10km-long gold-rich soil anomaly; mine geology; New 16-m-wide Roberto-type gold zone

* Eau Claire gold deposit extended to 880 m depth; Inferred resources increased

* Option to acquire Eastmain gold mine $16/ounce cost

* Total gold resources of 2 deposits:
560,000 ounces Measured & Indicated (M&I)
680,000 ounces Inferred
M&I NSR Value $160M

* 1/2-price exploration in Québec - government incentives

* Ontario Joint Venture project with Xstrata Zinc


Joint Venture Partnerships:

* Barrick

* BHP Billiton

* Goldcorp

* Newmont

* Xstrata (Falconbridge)

* SOQUEM

* Azimut Exploration Inc

* Dianor Resources Inc.

* Ruby Hill Exploration Inc.




Trading Symbol ER:TSX
(2007-01-30)

US SEC 12g3-2b file # 82-442
52 week trading range
High $0.92
Low $0.51
Average daily volume
# Shares >100,000
Shares Issued (Millions)
Basic 66.1
Fully Diluted 76.5
Market Capitalization ($Millions)
Basic $50
Fully Diluted $60
Working Capital ($Millions)
Treasury $8.1 M
Tax Rebates $1.4 M
Fully Diluted $17.2
Major Shareholders (50% of issued shares)
Goldcorp Inc. (9.95%)
Sprott Asset Management
Dundee Precious Metals
RAB Capital Ltd.
Anglo Pacific Group
SIDEX, société en commandite
SDBJ, société développment Baie-James
Mineral Fields Fund
Canadian Resource Fund
Northern Precious Metals Fund
SOQUEM
Excalibur
Stone & Company
Management
A Junior Explorer with a Senior Company approach.
EXPLORATION, DISCOVERY, PROFITABILITY

[heddog]

Keine Angst, das Land heißt natürlich Kanada...

[heddog]

Eastmain acquires second deposit gold
February 27, 2007

Eastmain Resources Inc. (TSX - ER) is pleased to announce that it has finalized the acquisition of the Eastmain Mine Property from MSV Resources Inc. (MSV), a wholly-owned subsidiary of Campbell Resources Inc. ("Campbell"). Pursuant to the closing Eastmain issued to MSV $2.5 million in cash, 1,000,000 common shares and 500,000 share purchase warrants at an exercise price of $1.00 per share, valid for 12 months. On May 18, 2007 Eastmain shall issue an additional 1,000,000 common shares and 500,000 share purchase warrants at an exercise price of $1.50 per share, valid for 12 months to MSV to complete the transaction. MSV shall retain a 2% Net Smelter Return Royalty (“NSR”) on the Mine Property. Eastmain will have the option to purchase one-half of the NSR for $1 million for any production over and above 250,000 ounces of gold.

Eastmain Resources now owns 100% interest in the Eastmain gold deposit, through its whollyowned subsidiary Eastmain Mines Inc., and 100% interest in the Eau Claire gold deposit. Both gold deposits are located within the Eastmain River Greenstone Belt of James Bay, Québec. Total gold resources now held by Eastmain have increased to 565,000 ounces measured and indicated and 680,000 ounces inferred contained within these two deposits. In addition, Eastmain also manages a joint venture with Les Mines Opinaca Ltée, a wholly-owned subsidiary of Goldcorp Inc., and Azimut Exploration Inc. on the Éléonore South Property, located immediately south of the Roberto gold deposit (owned by Les Mines Opinaca Ltée.).

The newly acquired Eastmain gold deposit contains 255,750 ounces of gold and 4.1 million pounds of copper, including measured resources of 91,500 tons grading 0.268 ounces/ton gold and indicated resources of 786,600 tons at 0.294 ounces/ton gold (Campbell, 2004 Annual Report). These resources are historical estimates and should not be relied upon. These estimates may not be NI43-101 compliant. Alain Blais is the qualified person for Campbell. A qualified person for Eastmain has not done sufficient work to classify the historical estimates as current mineral resources as defined by NI43-101.

Previous exploration and development work on the Mine Property includes an access ramp and lateral development on two levels. Previous mining at the Eastmain gold deposit yielded metal recoveries of 91.9% gold, and 95% copper at total mining and milling costs of $112/ton. Based on current metal prices (gold, copper, silver) the deposit has a net smelter return (NSR) value of $230/ton or approximately $100 million. Eastmain's acquisition cost for the gold deposit is approximately $16/ounce (cash & share equivalent).

The Eastmain gold mine is a copper-gold-silver, sulphide-rich deposit, consisting of three known zones, “A”, “B” and “C”. Previous drilling in the lower levels of the A zone included 13.44 g/t gold across 9.22 metres in hole 88-02 and 17.7 g/t gold, 25.1 g/t silver and 0.61% copper across 4.8 metres in hole 83-4. Drilling at depth within the B Zone included 61.45 g/t gold across 8.95 metres in hole 88-45. The deposit is open at depth and numerous gold occurrences have been detected elsewhere on the property.

The Eastmain gold deposit was discovered by drill-testing an airborne geophysical conductor. In 2005, the Company completed detailed VTEM airborne surveys covering both the mine property and the regional extension of the mine horizon onto its wholly-owned Ruby Hill properties. Eastmain also holds 100% interest in 215 km2 of highly prospective land surrounding the gold deposit and the lateral extension of the mine horizon for a length of 50 kilometres. The Company is planning deposit- and regional-scale exploration work, which will lead to a multi-phase drill program, to test the depth extension of the gold deposit as well as testing a multitude of geophysical targets delineated on both the mine property and adjacent Ruby Hill claim blocks.

This press release has been prepared by Dr. Donald J. Robinson, P. Geo. and Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Properties.

Eastmain is a well-financed Canadian exploration company with $7.5 Million in working capital. The Company holds several early- to advanced-stage gold and base metal projects in Canada. Eastmain's project portfolio includes twelve properties covering an area over 1000 km2 in the Eastmain/Opinaca gold camp, which hosts Goldcorp's Éléonore Project.

[heddog]

Struthers Resource Stock Report
Resource Stock Update - V13 #7.1, March, 8, 2007

Eastmain Resources Inc. TSX:ER Frankfurt:EM5 Recent Price C$0.78
Entry Price $0.39US Opinion - buy

Eastmain is another stock that looks strong and wants to go higher.

Last year, Goldcorp invested $3.4 million in the company

A very strong point is a new acquisition of the Eastmain Mine.

Fortunately when Eastmain announced the letter of intent and later the closing of the deal, both times it was in a down market, otherwise the stock would probably be higher than it is today and not give us this good buying opportunity. The stock was moving well and up to $0.85 on good volume and has pulled back in the recent correction.

Eastmain has finalized the 100% acquisition of the Eastmain mine property from MSV Resources Inc. (MSV), a wholly owned subsidiary of Campbell Resources Inc. Pursuant to the closing, Eastmain issued to MSV $2.5-million in cash, one million common shares and 500,000 share purchase warrants at an exercise price of $1 per share, valid for 12 months. MSV shall retain a 2-per-cent net smelter return royalty (NSR) on the mine property. Eastmain will have the option to purchase one-half of the NSR for $1-million for any production over and above 250,000 ounces of gold.

Eastmain now owns the Eastmain gold deposit and the Eau Claire gold deposit. Both gold deposits are located within the Eastmain River greenstone belt of James Bay, Que. The newly acquired Eastmain gold deposit contains 255,750 ounces of gold and 4.1 million pounds of copper, including measured resources of 91,500 tonnes grading 0.268 ounce per ton gold and indicated resources of 786,600 tonnes at 0.294 ounce per ton gold (Campbell, 2004 annual report). These resources are historical estimates and should not be relied upon. These estimates may not be compliant with NI 43-101

Previous mining at the Eastmain gold deposit yielded metal recoveries of 91.9 per cent gold and 95 per cent copper at total mining and milling costs of $112 per tonne. Based on current metal prices (gold, copper, silver), the deposit has a net smelter return (NSR) value of $230 per tonne or approximately $100-million. Eastmain's acquisition cost for the gold deposit is approximately $16 per ounce (cash and share equivalent).

Total gold resources now held by Eastmain have increased to 565,000 ounces measured and indicated, and 680,000 ounces inferred contained within these two deposits.

In addition, Eastmain also manages a joint venture with Les Mines Opinaca Ltee., a wholly owned subsidiary of Goldcorp Inc.. and Azimut Exploration Inc. on the Eleonore South property, located immediately south of the Roberto gold deposit (owned by Les Mines Opinaca).

Both gold deposits have strong potential to increase in size significantly and their Eleonore property among others have strong potential for a new discovery.

http://www.stockhouse.ca/bullboards/wraplink.asp?url=www.eas…
http://www.stockhouse.ca/bullboards/wraplink.asp?url=www.pla…

[heddog]

FIRST QUARTERLY REPORT FOR THE PERIOD ENDING – January 31, 2007

The Company is focused on the exploration and discovery of ore deposits within Québec’s newest mining district – the Opinaca/Éléonore region. The recent discovery of the Roberto gold deposit, its subsequent acquisition by Goldcorp Inc. and its rapid acceleration toward production confirm this newly-recognized mineral belt will play a significant role in the history of Canadian mining.

Subsequent to the period ending January 31, 2007 Eastmain, secured 100% ownership of its second gold deposit in the James Bay District of Québec. The acquisition of the Eastmain Mine deposit increases our total gold resources to 565,000 measured and indicated ounces and 680,000 inferred ounces contained within two deposits – Eau Claire and Eastmain. Both deposits are open at depth and have multiple regional-scale targets; both occur in geologic regimes similar to those hosting world class discoveries. With increased infrastructure at Eau Claire and the proposal of a new road through the Eastmain Mine property, Eastmain Resources is backed by tangible hard assets, providing leverage to an ongoing bull gold market.

Over the past two years the Company has flown over 15,000 line-kilometres of airborne geophysical surveys, collected 20,000 geochemical samples, formed a new strategic alliance and joint venture with Goldcorp on the Éléonore South Project and acquired a second gold deposit.

Clearwater Project
The 2006 drilling program had a positive net increase on the inferred resource base of the Eau Claire gold deposit. An updated resource estimate is expected during the second quarter. An advanced exploration program has been designed to extract a bulk sample from the 450 West Zone, which represents the surface expression of the Eau Claire gold deposit. The average composite grade of the three major veins (P, JQ and R) from the area proposed for the bulk sample is 23.5 g/t gold (0.70 ounces per ton), diluted to a 1.5-metre width or 15.6 g/t gold (cut grade).

We are confident that permitting for the road and bulk sample test at Eau Claire will be approved in 2007. Waste rock sampling has been undertaken in compliance with permitting requirements for the extraction of gold ores. In the meantime, rising gold price will continue to enhance our investment of C$6 per resource ounce of gold at Eau Claire. The Eau Claire gold deposit provides Eastmain with significant leverage to gold price, while other gold occurrences on the property provide potential for a second discovery at Clearwater.

Eastmain Mine Acquisition
Subsequent to the end of the period, the Corporation acquired 100% interest in the Eastmain Gold Mine previously owned by MSV Resources Inc., a wholly owned subsidiary of Campbell Resources Inc. Eastmain issued two million shares, one million warrants and $2.5 million cash to purchase the gold deposit and surrounding property. Based on previous exploitation costs and current metal prices, the Eastmain Mine deposit has an NSR value of $230/ton or approximately $100 million. This acquisition was triggered through our relationship with the Ruby Hill Syndicate, which also netted the Corporation 508,836 shares of Western Uranium Corporation (WUC:TSX-V) currently valued over $1.7 million.

Previous mining at the Eastmain gold deposit yielded excellent recoveries for gold (91.9%) and copper (95%) at total costs of $112/ton. The NSR value of the deposit has doubled since mining was conducted on the project in the early 1990''s. Based on current metal prices for gold, silver and copper, the deposit has an NSR value of $230/ton or approximately $100 million. Our near-term objective is to expand the size of the resource through drilling and explore for a second discovery on a deposit and regional scale.

Éléonore South JV
Exploration on the Éléonore South JV has outlined a multi-element Au-As-Sb (gold-arsenic-antimony) target that is equivalent in size to 1000 football fields aligned end to end. For comparison, the surface expression or "footprint" of the Roberto gold deposit is slightly larger than one football field in length. The Éléonore South target has been defined by 10,000 geochemical (soil) samples, 1,000 rock samples, 300 line-kilometres of line cutting, 1,800 line kilometres of airborne geophysical surveys and 2,784 metres of trenching.

In the late fall of 2006 trenching and channel sampling outlined a high priority gold occurrence, referred to as the JT Target, containing an average grade of 1.49 g/t gold across a width of 16 metres. This 23.8-gram-metre (grade x thickness) gold interval may be indicative of a major gold-bearing system. Similar grade-thickness diamond drill hole intervals were found in close proximity to the Roberto gold deposit.

After two years of target generative work in the Opinaca/Éléonore region, 2007 marks the target-testing phase of exploration. A winter IP geophysical program has been designed to cover each of the key geochemical targets on the Éléonore South project. Trenching with the Superhoe has been scheduled to systematically evaluate the multi-element Au-As-Sb target in early June. Diamond drilling will follow.

MegaTEM Normetal-Detour JV (Xstrata)
The 2007 exploration program will follow-up five new targets generated from the MegaTEM Xstrata (formerly Falconbridge) JV Project located in the Detour Lake-Normetal areas of the Abitibi Greenstone Belt. One of the five targets, known as the Patten River Nickel prospect, drilled by ASARCO many years ago, returned values of 0.33% Cu, 0.37% Ni over 19.2 metres in drill hole PA-5, and 0.16% Cu, 0.23% Ni over 26.5 metres in drill hole PA-7. A MegaTEM conductor detected in Eastmain’s 2004 survey suggests a 400-metre extension of the Patten River Nickel prospect remains untested. Given the presence of nickel, the prospect also has platinum group element (PGE) potential; however, no historical assays for PGE’s have been located.

Four other targets have been identified with the assistance of Geographic Expert System (GES) technology, which systematically integrates the interpretations of various geological and geophysical datasets, including airborne magnetic data, MegaTEM conductors, bedrock geology, and historical drilling information. All four targets, which are buried under thick deposits of gravel, sand and clay, have been validated against previous work, and possibly reflect volcanogenic massive sulphide copper-zinc or iron-formation-hosted gold mineralization.

A contract has been signed with Fugro Airborne Surveys of Ottawa, Ontario to survey the five targets using a HeliGEOTEM II system, which combines the greater horizontal resolution and flexibility of helicopter mounted time-domain EM systems with the proven GEOTEM / MegaTEM technology. The HeliGEOTEM II survey work is expected to start in late March or early April and is designed to resolve the 2004 MegaTEM conductor anomalies, so that drill collars can be located. A helicopter supported drilling program will follow once the new data has been evaluated.

Financial
The Company''s current assets, comprised of cash, cash equivalents and short-term investments total $7.22 million. The Company also has an unrealized capital gain on investments of $1,575,864 and an estimated $1.225 million in resource credits receivable due from the Province of Québec for expenditure claims up to October 31, 2006. During the quarter the Corporation raised $527,089 from the exercise of warrants, options and one private placement subscribed to by management.

Outlook
The Company achieved a significant milestone with the acquisition of a second gold deposit in a new mining district. Both the Eastmain and Eau Claire deposits represent high-grade gold ores which will be mined in the future, and will continue to increase in NSR value with a rising gold price. Our $3.5 million exploration budget will focus on testing world-class targets which have been several years in the making.

We look forward to an exciting 2007 field season.

Donald J. Robinson, Ph.D., P. Geo. President and Chief Executive Officer March 9, 2006

[MickyMouse1]

Heute ist ein neuer Grandich Report zu Eastmain erschienen.
Dies wird sicherlich einen schönen Push im Kurs heute bringen.

[No Use for a Na]

Antwort auf Beitrag Nr.: 29.250.212 von MickyMouse1 am 10.05.07 14:02:24

genau deshalb bin ich auch gleich dabei

[No Use for a Na]

Antwort auf Beitrag Nr.: 29.250.531 von No Use for a Na am 10.05.07 14:17:05

hier der report:
http://www.grandich.com/docs/GL_05-10-07_er.pdf