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Eastmain Resources Inc.(TSX:ER) announced the staking of the 600 claim (31,600 h) Lac Clarkie project, representing a 30% increase in their total land package of 137,665 ha in the James Bay district. The Lac Clarkie project (Figure 1) is immediately east of Eastmain’s flagship Clearwater project which hosts the Eau Claire deposit. Work is expected to start immediately on this new claim ground with LIDAR, airborne magnetic and electromagnetic surveys followed by prospecting, soil surveying and detailed mapping to identify priority targets. The first phase of drilling is unlikely to start untill late 2017. Eastmain trades at 1.08x NAV or C$91/oz versus similar stage Canadian peers at 0.95x NAV or C$69/oz. A further premium may be warranted as the ongoing exploration programs have the potential to add value at all three projects. read more
Eastmain Resources Inc. (TSX:ER) has announced a 63,300 m (C$7.7 million) drilling program at the Clearwater Property in Quebec’s James Bay gold district. The majority of the drill program is focused on infill drilling at the Eau Claire deposit (~82%) with the balance focused on step-out holes at Eau Claire and regional exploration. As well, with the addition of new technical personal, the company is undertaking a comprehensive development review of the Clearwater project. It is likely that ongoing drill results, along with a project development plan that we expect to be viewed with higher confidence by investors should provide continued momentum for Eastmain’s share price. read more
Yesterday, Red Cloud Klondike Strike Inc. (RCKS) hosted the third installment of our Drilling Deeper lunch series, this time featuring companies with funded exploration programs. The presenting companies were Aston Bay Holdings Ltd. (TSXV:BAY), Eastmain Resources Inc (TSX:ER), IDM Mining Ltd (TSXV:IDM) and Victoria Gold Corp. (TSXV:VIT). In our 3 THEMES & 10 COMPANIES FOR A NEW BULL MARKET IN PRECIOUS METALS post earlier this week, we highlighted that we believe good news is once good for stocks (catalysts) and we believe all four presenters have the potential to increase shareholder value with the drill bit this year. read more
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Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.
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