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Eastmain Resources Inc.
Summary
| Project: | Clearwater | |
|---|---|---|
| Deposit: | Eau Claire | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 23-5-2018: Eastmain Resources Inc. announces a PEA report for its Eau Claire deposit at the Clearwater project. PEA results incl. post-tax NPV of US $260M (5%), IRR of 32%, 12yr LOM at the project. Toronto, Ontario, May 23, 2018 - Eastmain Resources Inc. | |
| Resources: | (Resource, M+I): 3.084Mt @ 6.30g/t Au for 625Koz Au contained at Eau Claire underground | |
| CP/QP: | [Resources]: Allan Armitage (SGS Canada Inc.) | |
| ABSTRACT: | Toronto, Ontario, May 23, 2018 - Eastmain Resources Inc. (“Eastmain” or the “Company”- TSX:ER, OTCQX:EANRF) is reissuing this morning’s press release due to minor corrections of certain footnotes as requested by one of the Qualified Persons. These changes are non-material and do not impact any quantitative figures previously released. Eastmain Resources Inc. is pleased to announce positive and robust results of a Preliminary Economic Assessment (“PEA”) on its 100%-owned Eau Claire Gold Project (“Eau Claire” or “Project”) located in James Bay, Québec. All figures are in Canadian dollars, unless stated. The Company will hold an investor conference call to discuss the PEA at 10:00 a.m. EDT on Wednesday, May 23, 2018. Conference dial-in numbers are Canada/USA toll free: 1-800-319-4610, International: 1-604-638- 5340. Further conference details are provided at the end of this Press Release. The PEA demonstrates robust economics for a combined open pit and underground mining operation with a mine life of 12 years | |
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