Eastmain Resources

Website: www.eastmain.com
Primary ticker: TSX:ER
Stage of development: Exploration, Development
Primary minerals: Gold
Project to promote: Clearwater (Eau Claire Project and Percival Discovery)

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Eastmain is a Canadian mineral exploration company advancing 3 high-grade gold assets in the emerging James Bay gold camp in Québec. The Company holds a 100% interest in the Eau Claire gold project on the Clearwater Property, and manages the Éléonore South Joint Venture.

Management Profile

Claude Lemasson, Director

Claude Lemasson, P.Eng, MBA, ICD.D, became a director of Eastmain in 2015 before being appointed President and Chief Executive Officer in April 2016. Throughout his career, Mr. Lemasson has been responsible for the design, construction, implementation, management and supervision of multiple aspects of both open-pit and underground gold mining operations. Claude previously held senior mine development and operational roles with Goldcorp Inc., where as Mine General Manager for the Red Lake Mine, he was largely responsible for production growth to 600,000 ounces per year through the development of the mine’s high-grade zone. Later, as Goldcorp Inc.’s General Manager of Projects for Canada and the U.S., Claude was responsible for the management and advancement of the Éléonore Project. Claude served as President, Chief Operating Officer and Director of Guyana Goldfields Inc., where as a key member of the leadership team, he was directly involved in the strategic direction of transitioning from an exploration company to a developer, moving a core asset from an early resource estimation stage to the pre-development phase. Claude is also currently a Director of Premier Gold Mines Limited.


What is your rationale for attending 121 Mining Investment?

We are looking to meet with European institutional and high net worth investors to continue broadening our shareholder base outside of Canada. Upcoming developments include: the Clearwater Property’s post-PEA development work and studies (Eau Claire Project) and exploration drilling programs (Percival Discovery), and exploration drilling programs on the Eleonore South JV Property (Moni/Contact Trends Discoveries).

What recent news would you like to highlight to investors attending?

In November, Eastmain made a discovery of gold, 14 km from our Eau Claire Project (1 million mineable ounces). The new Percival Discovery mineralization extends from surface and is comprised of wide intercepts (10 – 80 m) of ~2 g/t Au. Exploration will be focused in early 2019 on expanding the discovery.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Post-PEA development at Eau Claire and expanding the Percival Discovery.

6 Months:

Post-PEA development at Eau Claire and continued exploration of the Percival Discovery and the ESJV discoveries.

12 Months:

Post-PEA development at Eau Claire and continued exploration of the Percival Discovery and the ESJV discoveries.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

A quality gold deposit is in situ, with available infrastructure and supportive government. The key risks include external market risks mainly pertaining to access to capital. With brokerage support from six analysts, Eastmain has a support system setting itself up for success.

In a sentence, what do you think makes your company such a compelling investment?

Robust economics on a high-grade gold deposit in a top tier jurisdiction, and significant exploration opportunity within and beyond the main project.