Eastmain Resources Inc. (fka EANRF)

[Renee]

EANRF: Plan of Arrangement. Pursuant to the Eastmain Arrangement, Eastmain Shareholders are entitled to receive, for each Eastmain Share held, 0.116685115 of a post-consolidated common share of Fury Gold.

FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[hardcore]

Company got bought out, anyone holding for the shares of the new company?

[Golden Cross]

$EANRF Tier_Change: OTCQX International to OTCQB

OTCM Link
https://www.otcmarkets.com/stock/EANRF/disclosure

[stocktrademan]

EANRF buy 0.1170

http://www.eastmain.com/




normal chart









log chart









normal chart








log chart

[chemist99]

Agree!!

[Edge83]

Its still on sale too! They kind of remind me of a mini version of Integra Gold which just got bought out at a 50% premium this week.

[chemist99]

Time to back up the truck

[Edge83]

Eastmain Drills 30.6 g/t Au over 4.9 m, including 254 g/t Au over 0.5 m at Eau Claire

Toronto, Ontario, May 16, 2017 - Eastmain Resources Inc. (“Eastmain” or the “Company”- TSX:ER) is pleased to announce new assay results from its 55,700 m mineral resource definition drill program at the Eau Claire deposit, located in James Bay, Québec (see FIGURES 1-5). The Company’s 100%-owned Clearwater Project hosts the Eau Claire gold deposit.

Assay results are from 16 drill holes (5,825 m), including infill and step-out drill holes in the 450W Zone (4,520 m) and the 850W Zone (1,305 m). The drilling continues to build continuity within the deposit, while helping to define the limits of an open pit and shallow underground mining concept. A total of 149 exploration and infill drill holes (47,258 m) have been reported. SGS Geostat has been engaged to complete the updated mineral resource estimate for the Eau Claire deposit, with an expected completion of 3Q17.

Highlights from Eau Claire intercepts include:

Near surface (maximum vertical depth of 100 m) results:
ER17-718 – 30.6 g/t Au over 4.9 m, incl. 254 g/t Au over 0.5 m
ER17-713 – 20.7 g/t Au over 2.2 m, and 46.4 g/t Au over 0.7 m
ER17-736 – 72.6 g/t Au over 0.5 m
ER17-717 – 37.7 g/t Au over 0.9 m, and 32.8 g/t Au over 0.5 m and 3.44 g/t Au over 4.3 m
Shallow underground (vertical depth 100 - 300 m) results:
ER17-723 – 42.3 g/t Au over 3.7 m, incl. 206 g/t Au over 0.5 m
ER17-723 – 51.8 g/t Au over 0.5 m
ER17-734 – 5.66 g/t Au over 6.8 m, incl. 17.9 g/t Au over 1.0 m
ER16-725 – 63.4 g/t Au over 0.5 m, and 31.6 g/t Au over 0.7 m

Growth-focused exploration continues with 3 drills, around and near, the Eau Claire deposit. Drilling is focused below the 400 m elevation level, beneath the 450W Zone’s known measured and indicated resources, and in the 850W Zone, below mineralization identified in the 2015 mineral resource estimate. In addition, drilling is targeting the extension of Eau Claire along the Clearwater Deformation Zone, towards the Snake Lake target.

Claude Lemasson, Eastmain’s President & CEO commented, “These drilling results demonstrate some of the highest grades our current Eau Claire drill program has encountered. We continue to be encouraged by the drilling, and are eager to receive the remaining 15% resource definition program results.”

The focus of the 2016/early 2017 drill program, consisting mainly of infill drilling, is to generate additional data to:
expand our understanding of the mineralizing controls at Eau Claire,
confirm our current geological interpretation and test the limits of mineralized envelope, and
improve drill spacing to show continuity between veins and increase overall confidence in the deposit.
High-Grade Schist (HGS)
Three holes intersected the interpreted HGS veins supporting continuity within these structures. Hole ER17-723 intercepted 42.3 g/t Au over 3.7 m including 206 g/t Au over 0.5 m at a vertical depth of 155 m in HGS-01. HGS-02 was intersected by hole ER17-742 returning 10.7 g/t Au over 2.0 m at approximately 266 m vertical depth. In addition, ER17-734 intersected HGS-04 at a depth of 197 m, returning 5.66 g/t Au over 6.8 m.

Shallow Drilling - 10 - 100 m vertical depth
Drilling in the 450W Zone encountered mineralization interpreted as extensions of veins identified from surface outcroppings. Holes ER17-713 and ER17-718 drilled the main east-west trending QT (Quartz-Tourmaline) veins. ER17-713 and ER17-718 both intersected the JQ vein (3.19 g/t Au over 1.0 m and 9.19 g/t Au over 2.2 m, respectively). Hole ER17-713 also intersected the R vein (1.57 g/t Au over 3.1 m) and the S vein (20.7 g/t Au over 2.2 m). An interpreted extension of the S2 vein was encountered in ER-718, returning 30.6 g/t Au over 4.9 m (see FIGURE 5).

Hole ER-717, drilled further south and east within the deposit, intersected several shallow veins including the C vein (37.7 g/t Au over 0.9 m), D vein (32.8 g/t Au over 0.5 m) and F vein (16.0 g/t Au over 0.5 m).

Drilling - 100 - 300 m vertical depth
Holes ER17-723 and ER17-736 tested QT veins to a depth of 200 m vertically (see FIGURES 3 and 4), intersecting the JQ vein as well as interpreted intercepts of QT veins C, D and G, as well as numbered QT veins 4, 7 and 15. Narrow intercepts ranging up to 72.6 g/t Au over 0.5 m in hole ER17-736, were recorded.

Holes ER17-740, ER17-734 and ER17-742 explored the deeper section of the 450W Zone, between 200 m and 300 m intersecting several intervals, including 9.27 g/t Au over 2.0 m in ER17-740.

Three step out holes also tested an area located between 50 m to 250 m to the east of the 450W Zone intersecting several 0.5 m to 1.0 m intervals ranging from 1.0 to 4.0 g/t Au.

850W Zone
Three drill holes tested veins ranging in vertical depth from 20 m to 350 m vertical depth in the 850W Zone intersecting several QT veins. Shallow highlights include QT 28 in hole ER17-743 returning 17.7 g/t Au over 1.5 m. Hole ER17-716 intersected 23.7 g/t Au over 1.0 m at 315 m vertical depth, approximately 50 m west, and 60 m down-dip of ER17-697 (43.7 g/t Au over 2.0 m including 73.4 g/t Au over 1.0 m, see press release April 26, 2017). The presence of QT vein 18 on the same section as hole ER17-716 (approximately 50 m up dip) suggest both intercepts may be extensions of this vein below the known 850W Zone resources. Further results from this zone are pending and follow-up drilling is being planned.

A summary of selected high grade assay results from Eau Claire are presented in Table 1 below. TABLE 2 represents the complete set of significant results.

[chemist99]

Shucks said the bunny. Looks like cat's outa the bag

[chemist99]

Same here??

[Edge83]

I'm hoping they stay this low till the end of the month, if so I will be adding more to my position. Prices almost at the Dec 2016 final washout lows.

[chemist99]

And time to back up the truck here, too imo ??

[Edge83]

Toronto, Ontario, February 7, 2017 - Eastmain Resources Inc. (“Eastmain” or the “Company”- TSX:ER) is pleased to announce new assay results from its ongoing 63,300 m drill program at the Clearwater Project, located in James Bay, Quebec (see FIGURES 1-6). The Company’s 100%-owned Clearwater Project hosts the Eau Claire gold deposit, as well as the Snake Lake Target located 1.3 km to the east of Eau Claire.

Claude Lemasson, Eastmain’s President & CEO commented, “With a focus on infill drilling ahead of our planned Preliminary Economic Assessment later this year, today’s results continue to demonstrate elevated gold grades and vein continuity within the shallow underground portion of the Eau Claire deposit. With results from ~1/3 of our drill program already reported and over half of our drilling completed, we’ve accumulated significant near-surface and shallow underground data which will reinforce our mineral resource update expected around mid-year.”

Highlights from Eau Claire intercepts include:

ER16-662 - 17.0 g/t Au over 7.1 m, incl. 54.6 g/t Au over 0.7 m, at a vertical depth of 302 m
ER16-621 - 20.2 g/t Au over 1.5 m, incl. 49.1 g/t Au over 0.5 m, at a vertical depth of 235 m
ER16-645 - 14.6 g/t Au over 1.7 m, incl. 12.4 g/t Au over 1.0 m, at a vertical depth of 270 m
ER16-632 - 5.79 g/t Au over 4.1 m, incl. 11.9 g/t Au over 1.6 m, at a vertical depth of 256 m

At Eau Claire, assay results from 26 infill and step-out drill holes (8,306 m) continue to establish continuity while testing the limits of an open pit and shallow underground mining concept. Since commencing our current drill program in August, a total of 59 exploration and infill drill holes (19,542 m) have been reported. Over half (34,756 m) of our planned drill program (63,300 m) is now complete with assays pending on eleven holes. Drilling continues with 5 rigs on site and completion of the drill program expected in early Q2/2017.

In addition, one drill hole (262 m) in the Snake Lake Deformation Corridor intersected both Eau Claire-style shear-hosted quartz-tourmaline gold mineralization and sulphide-rich volcaniclastic hosted gold mineralization.

The focus of the 2016/early 2017 drill program, consisting mainly of infill drilling, is to generate additional data to:

expand our understanding of the mineralizing controls at Eau Claire
confirm our current geological interpretation and test the limits of mineralized envelope
improve drill spacing (to approximately 25 m) to show continuity between veins and increase overall confidence in the deposit
To date, the program has been successful in defining grades and establishing continuity characteristic of Eau Claire’s current resource model. This enhanced understanding is expected to play a key role in supporting a Preliminary Economic Assessment (“PEA”) expected around year-end.

In addition to infill, a smaller portion of the current program is focused on extending the main Eau Claire deposit laterally to the east. Recent step-out drilling conducted 100 m east of the Eau Claire deposit encountered mineralization in drill hole ER16-660, 4.60 g/t Au over 0.7 m, and remains open to the east. Beyond the main Eau Claire deposit, satellite targets such as Snake Lake and Clovis Lake have returned encouraging results from previous exploration which warrant further exploration. Located 1.3 km east of Eau Claire, Snake Lake 2016 drilling has returned gold mineralization in 13 of 17 drill holes reported to date over an 800 m strike length within a 250 m corridor (FIGURE 1).

A summary of selected high grade assay results from Eau Claire are presented in Table 1 below and a larger summary of significant results is available by following the link to TABLE 2. Drilling results for the Snake Lake Target and other drilling data are presented in Tables 3 and 4, below.

TABLE 1: Highlights from Eau Claire Drilling Results
see website for more...
http://www.eastmain.com/investors/news/index.php?&content_id=108

[Edge83]

Nice choice in that one. I also have a significant position in ICGQF, I feel the company is similar to EANRF with both of them having multiple partially drilled reserves that just need to be expanded. They both will be greatly successful when gold starts moving up again.

[MC2 Atlantis]

Edge83 I'm invested in another similar stock that is getting ready to go into production while waiting for reserve valuations to come out anytime now. Additionally, it is a highly probable buyout target IMHO. ICGQF
Although, I guess every start up mine like EANRF and others could be considered buyout targets as well depending on what and how much they discover.

[Edge83]

I think both of those stocks have the ability to be 5-10 baggers in the next year, maybe eventually more depending on where the price of gold goes. These little exploration stocks are going to blow up when the next wave of investment capital hits the gold sector.

MAW.TO//MWSNF is another one that has been moving up strongly like NULGF these past few weeks. Market cap is still only $33 mil

Take a look at my board, I've got charts and summary write ups on EANRF, NULGF, MWSNF and more than a dozen others. I started doing research a few months ago for myself and decided to just share it. Are there any other others in this sector that you have been following?


http://investorshub.advfn.com/Gold-and-Silver-miners-(Jr-and-Exploration)-31154/

[MC2 Atlantis]

EARNF making some good moves with no news. Especially with it being a down day for most miners.
Possible news in the works. Reminds me of recent moves by another stock I own NULGF.

[otterman]

I never did get in but still on my radar.

[Edge83]

Top major shareholders: Polygon 9.7%, Integra Gold 9.1%, Goldcorp 6%, RBC Asset Mgmt 2.3%, 10 others with 0-2%. Insiders own 3%, Retail is 51%
175 mil shares outstanding, 191 mil fully diluted 18.1 mil cash on hand.

[Edge83]

Eau Claire (Clearwater project): M&I: 951,000 oz Au @ 4.09 g/t Inferred: 633,000 oz Au @ 3.88 g/t 99,000m drilled 2011-2013, started drilling here in late 2015 (13K m) and 63K m planned for 2016 ($8.8 mil budget). Has open pit potential.
Eastmain Mine: $40 mil invested by previous owners on exploration and development. 40K oz Au minined in 1995 @ 10.5g/t, have resources of 255,000 oz Au @ 10 g/t. 2016 exploration program of $1.5 mil.
Eleonore South JV property (Eastmain 36.7%, Goldcorp 36.7%, Azimut 26.6%) High grade grab samples (11.6-142 g/t Au). Near Goldcorp's Elenore mine (8 mil oz Au) 2,500 m drilling planned for end of 2016 and 2,500 m in early 2017.
Good experienced mgmt.

[Edge83]

Eastmain Resources // EANRF // OTC, also ER.TO // TSX
Canadian company with 3 projects in James Bay Quebec region. 8 other significant land packages. Very good region for mining, already has significant infrastructure built in this area.

[Edge83]

Still holding? Looking to enter soon.

[otterman]

Mentioned on BNN this morning as a buy. Should start producing gold in the next Q or 2.

[stocktrademan]

$EANRF recent news/filings

bullish 0.2976

$EANRF charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$EANRF company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/EANRF/company-info
Ticker: $EANRF

$EANRF extra dd links

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=EANRF+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=EANRF+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=EANRF+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/EANRF/news - http://finance.yahoo.com/q/h?s=EANRF+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/EANRF/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/EANRF/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=EANRF+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/EANRF

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/EANRF
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/EANRF/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/EANRF/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=EANRF&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=EANRF
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/EANRF/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=EANRF+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=EANRF+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=EANRF
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=EANRF
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=EANRF+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/EANRF/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=EANRF+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/EANRF.EANRF
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=EANRF
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/EANRF/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/EANRF
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/EANRF
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/EANRF:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=EANRF
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=EANRF

[CluelessStockJunkie]

Maybe the board is quiet because no one knows about it?

[VictorMasonIsRight]

Reliable trusted friend told me to buy this but won't give details, board is quiet which means it's not being touted or promoted, not a bad sign. Anyone have any predictions or expectations for Eastmain?

[stocktrademan]

$EANRF recent news/filings

bullish

## source: finance.yahoo.com

no recent news found
*********************************************************

$EANRF charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$EANRF company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/EANRF/company-info
Ticker: $EANRF
OTC Market Place: Grey Market
CIK code: not found
Company name: Eastmain Resources Inc.
Company website: http://www.eastmain.com
Incorporated In: Canada

Business Description:

$EANRF share structure

## source: otcmarkets.com

Market Value: $31,373,375 a/o Apr 27, 2015
Shares Outstanding: 97,584,370 a/o Dec 02, 2011
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value

$EANRF extra dd links

Company name: Eastmain Resources Inc.
Company website: http://www.eastmain.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=EANRF+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=EANRF+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=EANRF+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/EANRF/news - http://finance.yahoo.com/q/h?s=EANRF+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/EANRF/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/EANRF/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=EANRF+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/EANRF
DTCC (dtcc.com): http://search2.dtcc.com/?q=Eastmain+Resources+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Eastmain+Resources+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Eastmain+Resources+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.eastmain.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.eastmain.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.eastmain.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/EANRF
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/EANRF/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/EANRF/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=EANRF&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=EANRF
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/EANRF/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=EANRF+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=EANRF+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=EANRF
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=EANRF
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=EANRF+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/EANRF/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=EANRF+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/EANRF.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=EANRF
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/EANRF/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/EANRF/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/EANRF
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/EANRF
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/EANRF:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=EANRF
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=EANRF



$EANRF DD Notes ~ http://www.ddnotesmaker.com/EANRF

[ResourceClipsNews]

From Abitibi to James Bay: Assays Reveal the Lure of Gold in Three Quebec Regions

As one of the world’s top mining jurisdictions, Quebec provides a steady source of commodity news. ResourceClips takes a look at November 8 drill results from Eastmain Resources, Gold Bullion Development and Northern Superior Resources, each working a different part of the province.

With high grades and visible gold, Eastmain continues to build its Eau Claire (Clearwater) gold-tellurium project. Assays from this year’s 90-hole, 34,211-metre campaign in Quebec’s James Bay lowlands show the project advancing towards a goal of up to 2.3 million gold ounces.

Results from Eau Claire’s 850 West zone show:
- 41.62 grams per tonne gold over 2 metres
- (including 148 g/t gold and 173 g/t tellurium over 0.5 metres)
- 11.04 g/t gold over 6.5 metres
- (including 19.1 g/t gold over 3.5 metres)
- 3.09 g/t gold over 13.5 metres
- (including 10.1 g/t gold and 10 g/t tellurium over 3 metres)
- 2.57 g/t gold over 15 metres
- (including 12.6 g/t gold and 21.4 g/t tellurium over 2.5 metres)
- 1.6 g/t gold over 24 metres
- (including 3.89 g/t gold and 4.16 g/t tellurium over 6.5 metres)

The 450 West zone assays show:

- 2.49 g/t gold over 18 metres
- (including 15.3 g/t gold and 21.9 g/t tellurium over 3 metres)
- 24 g/t gold over 1.5 metres
- (including 67.1 g/t gold and 87.3 g/t tellurium over 0.5 metres)
- 4.7 g/t gold over 5 metres
- (including 9.33 g/t gold and 11 g/t tellurium over 2 metres)

True widths were estimated at 100%. Vertical depths weren’t provided but the project’s resource estimate starts at surface and extends to a depth of 900 metres. The company stated approximately half the Eau Claire deposit may have open pit potential.

Assays are pending from additional holes, as well as from four 0.5-metre samples showing more than 250 grains of visible gold and one 0.5-metre sample showing 35 grains of visible gold from the 850 West zone.

Last month’s resource update for zones 450 and 850 used a 0.5 g/t cutoff for open pit resources above 220 metres in depth and an underground cutoff of 2.5 g/t. The open pit resource showed:

- 2.67 million tonnes grading an average 4.76 g/t for 408,000 gold ounces measured
- 1.5 million tonnes grading an average 3.53 g/t for 170,000 gold ounces indicated
- 2.4 million tonnes grading an average 2.5 g/t for 192,000 gold ounces inferred

The underground resource showed:

- 145,000 tonnes grading an average 6.96 g/t for 32,000 gold ounces measured
- 558,000 tonnes grading an average 6.12 g/t for 110,000 gold ounces indicated
- 4.03 million tonnes grading an average 7.2 g/t for 929,000 gold ounces inferred

In a statement accompanying the November 8 assays, QP Eugene Puritch of P&E Mining Consultants said the resource grades “are not often found in this geological and geographical setting. The open pit gold grade in particular is in the order of three or four times that of which many other exploration projects have recently reported. Additionally, the underground gold grade is also in the order of 50% higher than recent comparable projects. With these high-grade resources, close proximity to custom processing facilities, a road and power, the prospect of a positive economic analysis is very encouraging.”

The November 8 news nudged Eastmain from a $0.82 open to $0.84, before slipping to $0.81. The company’s 97.91 million shares amounted to a November 8 market cap of $79.31 million. Eastmain’s 52-week high hit $1.45, while the 52-week low was $0.75.

Further south, in Quebec’s Cadillac trend, Gold Bullion Development released 54 backlogged assays from its flagship Granada Gold Property on November 8. Grades varied widely, from below 0.5 grams per tonne to an uncut internal interval of 443.78 g/t. Among the highlights were:

- 15.61 g/t gold over 29.23 metres
- (including 88.97 g/t over 5 metres)
- (including 443.78 g/t over 1 metre)
- 18.25 g/t over 6 metres
- 2.25 g/t over 46 metres
- (including 4.42 g/t over 22 metres)
- 0.66 g/t over 127.5 metres
- (including 1.77 g/t over 33.5 metres)
- (including 0.57 g/t over 29.5 metres)
- (including 0.83 g/t over 11 metres)
- 0.89 g/t over 79 metres
- (including 1.71 g/t over 36.5 metres)
- (including 2.26 g/t over 24.5 metres)
- (including 3.87 g/t over 11 metres)
- (including 1.54 g/t over 8 metres)

Grades were uncut and intercepts “are close to true thickness,” the company stated. The intercept closest to surface started at 3.3 metres, while the deepest ended at 353 metres.

Granada’s April resource estimate used a 0.4 g/t cutoff to show:

- 3.02 million tonnes grading an average 1.01 g/t for 97,700 gold ounces measured
- 17.04 million tonnes grading an average 0.99 g/t for 543,400 gold ounces indicated
- 93.93 million tonnes grading an average 1.1 g/t for 846,600 gold ounces inferred

The mineralized system remains open at depth and laterally, with about 80% of the property unexplored, the company stated. An updated resource is slated by year-end. The property lies five kilometres from the mining city of Rouyn-Noranda.

Gold Bullion stock opened November 8 at $0.115, climbed to $0.14 but closed back on $0.115. With 207.98 million shares outstanding, the market cap came to $23.92 million. The 52-week high and low were $0.24 and $0.07.

On November 8 more assays came from Northern Superior Resources’ Croteau Est gold project in west-central Quebec. Highlights from the four holes include:

- 1.1 g/t gold over 131.4 metres
- (including 25.8 g/t over 1.85 metres or 49.9 g/t over 0.7 metres)
- (including 3.52 g/t over 4 metres or 10.65 g/t over 1 metre)
- (including 9.08 g/t over 0.55 metres)
- (including 3.67 g/t over 2.75 metres)
- 1.17 g/t over 37 metres
- (including 4.09 g/t over 5.25 metres)
- 1.36 g/t over 8.75 metres
- (including 2.43 g/t over 3 metres or 5.38 g/t over 1 metre)

Grades were uncut. True widths weren’t provided. Additional assays are pending from this year’s 19-hole, 8,000-metre program. Northern Superior stated the four holes extend mineralization 100 metres east, for a total strike length of 450 metres, with mineralization open to the east and west, and at depth.

The 3,700-hectare property is 30 kilometres from the town of Chapais and links to paved highway via 25 kilometres of forest access road.

The company’s shares stayed at $0.105 throughout November 8. With 188.5 million shares outstanding, Northern Superior’s market cap came to $19.79 million. The 52-week high and low were $0.47 and $0.10.

[gsfl]

CLEARWATER PROJECT UPDATE

New high-grade gold vein (T10 Vein) at Eau Claire

Eastmain Resources Inc. (TSX:ER) announces that 26 drill holes totaling 9,030 metres have been completed to date during the current phase of drilling at its wholly-owned Clearwater Project, located in James Bay Québec. Two drills are now operating on the Eau Claire gold deposit with the principal objective of expanding measured and indicated open pit-able resources in the 450 and 850 West Zones respectively.
Assay data received from 11 drill holes completed in 2012, confirms a new gold-bearing structure (T10 Vein) located north and west of the 450 West Zone. Drilling demonstrates both lateral and vertical continuity of this new gold-bearing vein structure, which is open to the northwest and at depth.
Vein T10 has been traced for a lateral strike-length of 150 metres, ranges in thickness from 0.5 to 22.0 metres, and has been delineated from vertical depths of 100 to 200 metres. Significant T10 Vein intercepts include 2.23 g/t Au over 16.5 metres, (including 47.8 g/t Au and 109.5 g/t Te over 0.5 metres) in hole ER12-357; 5.90 g/t Au over 6.0 metres, including a half-metre interval of 35.9 g/t Au and 43.5 g/t Te, in hole ER12-358; and 12.25 g/t Au over 5.0 metres, including 29.24 g/t Au and 53.8 g/t Te over 2.0 metres in hole ER12-369 (Table 1). Vein T10 is outside of the limits of the previous resource estimate.
The second drill is currently testing lateral and vertical continuity of high-grade gold-bearing veins found at the RC Soccer Field in the 850 West Zone. Here, previously reported trenching results (Feb. 9, 2012 news release), include channel sample interval RC-3, which assayed 16.4 g/t Au over 13.5 metres, and corresponds to the surface projection of Vein V10. Drill hole ER12-374, collared 25 metres east of the Soccer Field has intersected multiple veins and alteration zones from surface to a down hole depth of 130 metres. 16 grains of visible gold and 17 telluride grains have also been observed in four clusters within a narrow quartz-tourmaline vein at a depth of 22.0 metres in hole 374. Assays for several drill holes are pending.
Both the 450 and 850 West Zones are open laterally and to depth. Exploration to date has defined a prominent structural control to the gold mineralization at Eau Claire, with a pronounced southwest vector evident for both zones. 2012 drilling clearly shows there is potential to expand the size of the prospective open pit resource to the northwest.
The current 40,000-metre drill program will continue to focus on expanding lateral and vertical extensions of both zones. Surface trenching and prospecting is also progressing west and north of the Eau Claire deposit. A revised resource estimate currently in progress will comprise drilling to hole ER11- 350, which includes all holes into the 850 West discovery area completed in 2011.
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.

[gsfl]

Drill Results

A Zone - 5.78 g/t Au over 6.5 m
B Zone - 9.10 g/t Au over 3.0 m
C Zone - 5.71 g/t Au over 1.5 m

Eastmain Mines Inc., a wholly-owned subsidiary of Eastmain Resources Inc. (TSX:ER), announces drill results from a 28-hole program totaling 13,062 metres completed in 2011 on the Eastmain Mine property, located in the James Bay region, Québec. Our principal objective is to expand the Eastmain Mine Gold Deposit beyond its historical resources of 255,750 ounces of gold4). The high-grade, gold-rich A, B and C Zones, which comprise the current deposit, have been traced to a vertical depth of about 500 metres below surface (see website for 3D Leapfrog Deposit Model).

Drill hole EM11-52 intersected an intercept within the A Zone mine series, which assayed 5.78 grams per tonne (gpt) gold across 6.5 metres at a depth of 443.0 metres. The A Zone forms a shallow dipping plane with sub-vertical plunging shoots extending approximately 700 metres down-dip from surface. Holes EM11-47 through EM11-58 also intersected wide intervals of low-grade mineralization within A Zone mine series rocks. The A Zone is open at depth.

B Zone mine series rocks also form a shallow dipping package of sub-vertically plunging shoots extending about 700 metres down-dip from surface. Drill holes EM11-65 and 66 intersected the B Zone. Results include 9.10 gpt gold over 3.0 metres at a depth of 435.5 metres and 2.58 gpt gold over 5.50 metres at a depth of 451.0 metres respectively. Several trends evident within the B Zone package will be drill tested at depth in future programs.

Re-assaying of two B Zone intervals drilled in 2010 containing visible gold in holes EM10-28 and EM10-38 respectively, resulted in an increase in the average grade of both intervals, including 13.24 gpt gold across 9.5 metres and 16.6 gpt gold over 5.5 metres.

Holes EM11-68 to 74 were collared to test the lateral and vertical limits of the C Zone mine series. Though these holes intersected mine series rocks with low-grade mineralization, no significant grade thicknesses were returned from within the C-Zone package. However, drill holes EM11-69 and 74 intersected a new zone of gold mineralization in the hanging wall above the C Zone horizon, which includes 5.77 grams gpt over a half-metre interval at a depth of 230 metres and 5.71 gpt gold over 1.5 metres at a depth of 352.5 metres respectively.

The mine trend extends for several kilometres in both directions from the A,B,C Zones. Several high-priority drill targets have been identified along this 10-kilometre-long mine trend, to the northwest and the southeast of the current deposit. A $1M-exploration program budgeted for the Eastmain Mine Project in 2012 will include additional surface work to prioritize existing targets for drill testing and identify new prospective targets within the mine horizon, and a minimum of 3,000 metres of drilling.

The project facilities are currently being refurbished and upgraded as a result of third-party camp rentals by sub-contractors hired to construct Route 167 North. Permanent road access to the Eastmain Mine property, courtesy of Quebec's Plan Nord infrastructure development program, is anticipated by 2013.

[gsfl]

40,000-m drill program underway at Eau Claire

Clearwater Project

Quartz-Tourmaline veins with visible gold intersected north of resource limit

Eastmain Resources Inc. (TSX:ER) announces that a 40,000-metre drill program is underway on its wholly-owned Clearwater Project, located in James Bay Quebec. The objectives of the program are to continue to expand the limits of the Eau Claire gold deposit and test new prospective resource targets. 50% of this year's drilling will be focused on increasing the size of high-grade Measured and Indicated gold resources in the 450 and 850 West zones, which may be amenable to extraction by open pit methods.
Drilling and trenching in 2011 resulted in a 550-metre-long expansion of a near-surface, gold-bearing vein system at the 850 West Zone, potentially adding to previously defined Open Pit resources (see website for rendering of 3D Leapfrog Model). Estimated potential Open Pit resources within the Eau Claire 450 West Zone, as at April 2011, contained 2,729,000 tonnes of Measured and Indicated resources at an average grade of 5.15 grams per tonne gold containing 452,000 ounces gold (502,000 ounces gold at 5.72 grams per tonne uncapped) and 1,398,000 tonnes Inferred Open Pit resources at an average grade of 2.56 grams per tonne gold containing 115,000 ounces gold (127,000 ounces gold at 2.83 grams per tonne uncapped). Drilling below the 450 West Zone also outlined 130,000 ounces of gold as Measured and Indicated Underground resources at an average grade of 6.46 grams per tonne gold and 905,000 ounces gold as Inferred Underground resources at an average grade of 7.18 grams per tonne gold (April 26, 2011 news release). The current resource, which does not include any drilling post 2009, does not contain the 100 gold-bearing intercepts from the 850 West Zone drilling or high-grade results reported from the RC Soccer Field trench in 2011.
2012 drilling is currently testing the northern limits of the 450 West Zone, where a stacked series of quartz-tourmaline veins has been intersected north of the estimated open pit resource. ER12-353, the third hole of this season's program, has intersected visible gold (VG) at a depth of 138.6 metres. The VG occurs within an interval containing 25 quartz tourmaline veins, ranging from 0.1 to 6.5 metres in thickness, extending from surface to 150-metres down the hole.
The 2012 exploration campaign will also include drill testing and trenching of high-priority targets lateral to the Eau Claire gold deposit, as well as property-scale surface exploration in an effort to discover additional deposits elsewhere on 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.

[gsfl]

CLEARWATER PROJECT
More 850 West & Gap Zone Drill Assays
RC Trench "Soccer Field" 16.4 g/t Gold across 13.5 m
Eastmain Resources Inc. (TSX:ER) is pleased to announce drilling and trenching results from its wholly-owned Clearwater Project, located in James Bay Quebec. 2011 drilling focused on testing the 850 West and Gap Zones, located immediately west of the Eau Claire Gold Deposit. 68 drill holes were completed at 25- to 50-metre intervals over an area 550 metres long by approximately 300 metres wide, and to a vertical depth of more than 300 metres. Assay highlights are reported for 51 drill holes and five trenches (see website for Tables 1 and 2). Visible gold has been observed in 25 drill holes and from the Rebecca Collins (RC) "Soccer Field" trench. Numerous screen-metallic check assays on samples containing visible gold have increased the grade of several of these intervals. Additional assay data is pending.

The 2011 drill program has confirmed a stacked series of gold-bearing, quartz-tourmaline veins, ranging from 0.5 to 25.5 metres in thickness, within the 850 West and Gap Zones. Veins range in grade from 0.50 to 60.5 g/t Au and up to 88.75 g/t Te, with an average grade of 6.50 g/t Au over 6.09 metres (see website for Table 1). These drill intersections, which are located outside the limits of the previous resource estimate, are expected to have a positive impact on expanding total gold resources at the Eau Claire gold deposit.

A 40,000-metre, $7M drill program has been approved for the Clearwater Project. The top priority will be to expand and define gold resources amenable to open pit extraction. Prospecting, trenching and drilling will continue along the key horizon, extending laterally in both directions from the Eau Claire deposit.

Trenching & Prospecting
Channel sample data from the RC Soccer Field Trench, located on the south face of the 850 West Zone ridge, has confirmed very high grade gold assays from seven different intervals (Table 2; see website for plan map). Abundant visible gold was reported from this target area. Several continuous high grade intervals include: Channel RC-2, grading 8.0 g/t Au across 4.50 metres; channel RC-3, which contains 16.4 g/t Au over 13.5 metres, including 24.0 g/t Au over 8.5 metres and 268.0 g/t Au over a half-metre interval; and channel RC-6 with values of up to 8.4 g/t Au over 7.5 metres, including 13.3 g/t Au over 3.5 metres. The RC Soccer Field trench corresponds with the surface projection of Vein 10.
Regional prospecting has also located high-grade gold samples within the following target areas - the Pascal, Castor, Boomerang and Knight mineral occurrences. As previously reported, up to 66.5 g/t Au was discovered in quartz-tourmaline veins at the Pascal showing, 500 metres west of the 850 West Zone. Rock samples taken in the Castor area, located immediately south and east of the 450 West Zone, assayed 10.15, 13.0 and 30.5 g/t Au with accessory tellurium (Table 2). Recent channel sampling (2011) from the Boomerang area confirmed high-grade gold at trench CW15, where mineral values range from 6.89 to 17.4 g/t Au and 6.84 to 20.5 g/t Te, within quartz-tourmaline veins located one kilometre east of Eau Claire. Two rock samples taken this year from the Knight prospect, located 15 kilometres east of Eau Claire, assayed 13.2 and 17.4 g/t Au (Table 2, see website for map).

Regional exploration to date on the property has defined several high-priority, drill-ready targets, located well outside the limits of the Eau Claire gold deposit. Historical and current prospecting and trenching are responsible for the discovery of a number of significant regional mineral occurrences on the property, which have not yet been drill tested, including: Pascal, Natel, Vanna, Serendipity and Knight. Additional trenching and definition drilling will continue in 2012 to evaluate these target areas and to test the resource potential of the RC Soccer Field Trench (see website for maps and photos).

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 was completed by ALS CHEMEX Laboratories using a 50-gram split and gravimetric techniques. Screen metallic samples are screened to 100 microns. 50-gram splits are then fire- assayed using an AAS finish. Internal standards, provided by an independent company, and blank samples were inserted for quality control purposes. Assay samples are taken from HQ core, sawed in half along the core axis with one-half sent to ALS and the other half retained for future reference. Unless otherwise indicated, sample length approximates true thickness.

[gsfl]

"Our Top Pick Among the Explorers
is Eastmain Resources"

Macquarie revaluation on higher forward prices!

Macquarie Equities Research
February 2, 2012

Macquarie states, "We have updated our forward commodity price curve (last update 23 Dec 2011) upon which we base our valuations." "Eastmain's new target increased to $2.75"

[gsfl]

Eastmain allocates $10 million for 2012 exploration in James Bay, Québec

Toronto, Ontario, December 28, 2011. Eastmain Resources Inc. (“Eastmain”) (TSX:ER) is pleased to announce the Corporation has allocated a 2012 exploration budget of $10 million for James Bay, Québec. Work will include an estimated 50,000 metres of drilling, with the principal objective of expanding and advancing the Eau Claire gold deposit to the development stage. The 2012 budget includes $2 million for exploration of it’s wholly-owned Eastmain Mine and Reservoir projects, with an allocation of up to $1 million for each property. Eastmain has also allocated up to $1 million in funding towards the next phase of drilling at the Éléonore South joint venture.
Despite the current market turmoil, the Eastmain team is proud of it’s accomplishments over the past 12 months. Eastmain completed 39,380 metres of drilling on its two high-grade gold deposits, Eau Claire and Eastmain Mine during the year, successfully expanding both deposits. Combined drilling and surface work at Clearwater extended the surface footprint of the quartz-tourmaline gold vein system by approximately 1,000 metres to the west, creating a total surface area of high potential gold mineralization of about 4.5 square kilometres. The Company also joint ventured the Radisson Project and raised gross proceeds of $5.75 Million at an 80% premium during a severe downdraft in the precious metals market. Management contributed $108,550 in funding in a private placement at year-end to the Company as well.
Clearwater Project
68 HQ drill holes were completed on the Clearwater Project for a total of 26,320 metres, which focused on expanding gold resources at the Eau Claire gold deposit. Visible gold was observed in quartz-tourmaline veins in 26 drill holes. The 2011 program has extended the limits of the Eau Claire gold deposit by 600 metres to the west, with the discovery of multiple gold-bearing veins within the 850 West and Gap zones. Many gold- bearing drill intercepts are within 200 metres of surface, the elevation limit used in the previous resource estimate for gold resources amenable to extraction by open pit, based on a 0.5 g/t Au cut-off factor and a gold price of $1100. The 2011 drill program was successful in defining numerous gold-bearing vein intercepts ranging from 3.8 g/t Au over 17.0 metres to 17.9 g/t Au over 12.2 metres. Assay data is pending for several thousand split-core samples.
Numerous new vein discoveries, including the Rebecca Zone and Pascal Veins were also generated from over 8.2 km of surface trenching completed in 19 trenches during 2011. The Rebecca Zone which consists of a 10- metre-wide section of multiple quartz-tourmaline veins and altered rock, with abundant visible gold noted in at least two veins, outcrops on a hill within the 850 West Zone. Grab samples from the Pascal Veins, located 500 metres west of the 850 West Zone assayed up to 66.5 g/t Au. To date there has been no drilling or trenching in the vicinity of the Pascal Veins. Further work on this zone will be completed in 2012.
Drilling targeted at expanding near surface, high-grade open pit gold resources within the 850 West Zone; continued vertical definition of the main Eau Claire deposit; and drill testing regional exploration targets along the Clearwater gold belt will resume in February/March 2012.
"Considerable progress has been made at our flagship project at Clearwater this year with respect to the expansion of potential near surface resources at the Eau Claire gold deposit. Eau Claire is one of the highest grade, undeveloped open pit gold resources3) in the country; with initial mine-ready infrastructure nearby, it is located within one of the most favourable mining districts in the world. The Corporation has adequate funding to maintain an accelerated drilling program through next year to help demonstrate that the Eau
Claire gold deposit could be a stand-alone, low-cost, long-life, highly-profitable future gold mine," stated Dr. Donald Robinson, President and CEO.
Eastmain Mine
28 NQ drill holes were completed within the A, B and C Zones at the Eastmain Mine property for a total of 13,060 metres. Assays are pending for several thousand split-core samples. Drill hole EM11-52 intersected two gold-bearing horizons within the A Zone including a two-metre-wide upper zone grading 5.04 g/t Au and 0.38% copper at a down-hole depth of 424 metres and a 5.5-metre main zone interval of 5.84 g/t Au and 0.26% copper at a depth of 443 metres. Visible gold was observed in five drill holes during the 2011 drill program, including at least one drill hole from each of the three known mineralized zones. Assays are pending for these intervals.
The Québec government recently reported that a Certificate of Authorization has been granted for the construction of the Route 167 extension highway which will provide permanent road access from the communities of Chibougamau and Mistissini to the Eastmain Mine property and beyond. This new infrastructure will stimulate exploration in the region and significantly improve project logistics by reducing transportation costs.
Éléonore South JV
The Éléonore South joint venture (JV) is an early-stage exploration property located adjacent to the multi- million ounce Roberto gold deposit (Éléonore Project) currently being developed by Goldcorp Inc. A kilometric-size gold geochemical rock anomaly, underlain by similar geology, mineralization, structure and alteration as the mine property, was previously defined through trenching and drilling completed by Eastmain on the joint venture property.
Work originally proposed for 2011 was postponed due to joint venture partners’ commitments to other projects. Goldcorp received approvals for construction of the Éléonore project, which is expected to have an average life-of-mine production of approximately 600,000 ounces of gold per year (Goldcorp news release November 14, 2011). Éléonore will be one of Canada's largest gold mines in Canada, situated within one of the most attractive mining jurisdictions in the world.
Prior to commencing the next phase of drilling at Éléonore South, now proposed for 2012, a technical review of existing data, including 3D modeling of geophysical data, was recommended at the most recent JV management meeting. Eastmain, the project manager, has allocated up to $1 million towards the next phase of drilling, which will include structural interpretation of existing drill holes and additional ground and airborne surveys.
Reservoir Project
A scheduled exploration program on the Reservoir Project was postponed to 2012 due to limited available diamond drills and technical personnel. Previous trenching and drilling outlined a large gold-copper mineralized system, with drill intercepts which assayed up to 8.0 g/t gold, 23.5 g/t silver and 4.21% copper and surface channel samples including up to 36 g/t gold, 52 g/t silver and 5% copper. The project is situated west of Clearwater and south of Éléonore within a highly favourable gold-rich geological setting.
Radisson Project
The Radisson project straddles a similarly-aged structural and stratigraphic setting, near a break between complex volcanic and sedimentary rocks, as the setting at Goldcorp’s Roberto Gold deposit. Honeybadger Exploration Inc. ("HBE") acquired an option to earn a 50% interest in the project from Eastmain in exchange for a cash payment of $50,000, the issuance 5,000,000 shares of HBE and by incurring $2.5 million in exploration expenditures, including 6,000 metres of drilling over a three-year period. HBE completed target definition work in the fall, including 164 line-kilometres of rock and soil sampling, and 168,575 kilometres of ground magnetic surveys in preparation for an initial phase of drilling in 2012.
-2-
Corporate
In addition to raising gross proceeds of $5.75 million in a flow through private placement completed December 2, 2011, today the Company completed a non-brokered private placement of 83,500 flow-through common shares at a price of $1.30 per flow-through share, for aggregate gross proceeds of $108,550. Management and directors subscribed for the entire placement. There were no warrants or commissions paid for this second placement.

[gsfl]

A nice propaganda piece on Eastmain

http://www.eastmain.com/headlines/AlperEastmaindonrobinson-003.pdf

[canucklehead80]

Grade A

Eastmain Advances Quebec Gold Projects

By Greg Klein

“What sets this project apart from many others is the grade of the open pit,” says Eastmain Resources TSX:ER President/CEO Donald Robinson of his flagship Clearwater Gold-Tellurium Project in the James Bay region of Quebec. “Right now, it’s 5.7 grams gold per tonne, which is three to five times higher than many of the projects out there. So our No. 1 goal is to make the resource bigger. We’ve been doing that over the last five months.”

As of April, the open-pit resource estimate for Clearwater’s Eau Claire Deposit came to 2.73 million tonnes grading 5.72 g/t for 502,000 gold ounces measured and indicated and 1.4 million tonnes grading 2.83 g/t for 127,000 gold ounces inferred. Eau Claire’s underground resource came to 630,000 tonnes grading 6.46 g/t for 130,000 gold ounces measured and indicated and 3.92 million tonnes grading 7.21 g/t for 910,000 gold ounces inferred.

Read the rest of this article: http://bit.ly/sjNk3u

[gsfl]

Eastmain Resources Inc.: Clearwater Project-Filling the Gap
Gap Zone Assays: 25.1 g/t Au over 3.5 m; 15.5 g/t Au over 3.5 m and 19.0 g/t Au over 2 m More Visible Gold discovered in drilling & trenching 850 West

http://www.kitco.com/pr/1126/article_11072011121248.pdf

[canucklehead80]

Eastmain Exploration Manager Catherine Butella on Quebec assays of 49.9 g/t gold over 2m

Eastmain Resources Inc TSX:ER announced assays from its Clearwater Project in northern Quebec. Results include:

49.9 g/t gold and 0.67 g/t tellurium over 2 metres (including 84.8 g/t gold and 1.08 g/t tellurium over 1 metre)

3.8 g/t gold and 4.8 g/t tellurium over 17 metres (including 19.5 g/t gold and 23 g/t tellurium over 2.5 metres)

9.25 g/t gold and 10.7 g/t tellurium over 4.3 metres (including 22.6 g/t gold and 25.9 g/t tellurium over 1.5 metres)

6.77 g/t gold and 0.57 g/t tellurium over 4 metres (including 52.8 g/t gold and 0.01 g/t tellurium over 0.5 metres)

The project has an April 2011 resource estimate of 3.35 million tonnes grading 5.39 g/t for 582,000 ounces gold measured and indicated, and 5.32 million tonnes grading 5.96 g/t for 1.02 million ounces inferred.

Read the interview: http://bit.ly/sUaxQq

[gsfl]

Clearwater Project 850 West Zone Continues to Shine
50 g/t Au over 2 m ; 19.5 g/t Au over 2.5 m
More New Discoveries - Dobbelsteyn & Pascal Veins (up to 66.5 g/t Au)

http://www.eastmain.com/news/Complete%20NR2011-12.pdf

[gsfl]

EASTMAIN OPTIONS RADISSON PROJECT TO HONEYBADGER EXPLORATION INC.

Eastmain Resources Inc. (TSX:ER) is pleased to announce the signing of a Letter of Intent with Honey Badger Exploration Inc. (TSX Venture:TUF), ("HBE") on the Radisson Project, currently held 100% by Eastmain. The project, which consists of 207 claims covering 10,698 hectares of highly prospective Archean-aged rocks, is located within James Bay, Quebec, approximately 65 kilometres south of the community of Radisson and about 520 km north-northwest of Matagami.
HBE can acquire 50% of Eastmain's interest during a three-year period under the following conditions: - HBE will make a $50,000 cash payment and issue 5 million HBE common shares to Eastmain,
and;
- HBE must spend $2.5 million in exploration expenditures, including a minimum of 6,000 metres of drilling.
HBE will be the project operator. Upon acquiring a 50% interest in Radisson, HBE will have a one-time, 60-day option to acquire an additional 10% interest in the property, over a two-year period, by incurring the following:
- A total of $100,000 in cash payments to Eastmain in two tranches, $50,000 on notification of HBE’s intent to proceed with the second Option, and $50,000 upon the first anniversary of notification of HBE’s intent to proceed with the second Option;
- An additional $3.0 million in exploration expenditures, including an additional minimum of 6,000 metres of drilling.
The Radisson project has tremendous potential to host base and precious mineral deposits. The property covers a 25-kilometre-long portion of the La Grande volcanic-sedimentary greenstone belt, an assemblage of rocks similar to those which host Goldcorp's multi-million-ounce Éléonore Project (Roberto deposit) and those hosting Eastmain’s Eau Claire gold deposit 1),2) 3), both located further south.
Previous work by Eastmain and others has confirmed the high potential for gold discovery on the Radisson Project. Work completed by Noranda in the early 1990’s uncovered an eight-kilometre-long, gold-bearing trend with channel samples ranging from 5.4 to 9.8 gpt gold. Other historic work in the project area has delineated a polymetallic gold-silver-copper-lead-zinc occurrence, which contains up to 34 gpt gold and 340 gpt silver.
HBE’s initial exploration program will begin with rock and soil geochemical sampling, and ground geophysical surveys, designed to follow-up on a number of high-priority targets, previously established by Eastmain. A second-phase drill program will continue to test the principle areas of interest.
"We are pleased to join forces with Honey Badger in our on-going exploration efforts in James Bay, Québec, one of the most favourable mining jurisdictions in the world. The James Bay region is emerging as one of Canada’s new mining districts. Coupled with growing infrastructure, provided by Hydro Québec and the Province, this underexplored region boasts substantial growth potential. Honey Badger has assembled a solid group of experienced individuals, who have recognized the high potential for the discovery of ore deposits at Radisson. We look forward to working together on future discoveries on the project " stated Dr. Robinson, President of Eastmain Resources Inc.
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.

[JimLahey]

Eastmain CEO Video Explaining Throughput

Eastmain CEO Don Robinson was on Mining 101 explaining what Throughput is: just a quick video but worth a watch imo:

[gsfl]

Eastmain Reports Updated NI 43-101 Mineral Resource Estimate for Eau Claire Gold Deposit


Press Release Source: Eastmain Resources Inc. On Tuesday April 26, 2011, 12:36 pm
TORONTO, ONTARIO--(Marketwire - 04/26/11) - Eastmain Resources Inc. (TSX:ER - News) is pleased to announce an updated mineral resource estimate, prepared in accordance with NI 43-101, for its 100%-owned Eau Claire gold deposit (Clearwater Project), located in James Bay, Quebec. The updated resource incorporates over 42,218 metres of drilling completed on the deposit since an earlier NI 43-101 compliant resource published in 2005.

This updated resource indicates that definition drilling completed between 2007 and 2009 has expanded the Eau Claire Deposit and significantly increased the Measured and Indicated gold resources over those which were previously reported in 2005. Deep drilling in 2006 also positively impacted the inferred gold resource.

30 parallel quartz tourmaline veins and schist zones that comprise the Eau Claire Deposit, contain a combined Measured and Indicated Resource of approximately 3,354,000 tonnes with an average grade of 5.39 grams per tonne gold (g/t) for 582,000 ounces gold. In addition, 5,322,000 tonnes with an average grade of 5.96 g/t gold, classified as Inferred Resources, contain 1,020,000 ounces.

The resource estimate considers that mineralization starts at surface and continues to a depth of approximately 900 metres. This updated resource estimate does not include results of ongoing definition and exploration drilling performed in 2010 and 2011. The deposit remains open in all directions.

Mineral Resources above an average 220-metre depth from surface are considered to be amenable to open pit extraction, whereas mineral resources below this depth are considered to be amenable to underground extraction.

Potential open pit mineral resources are reported at a cut-off of 0.5 grams per tonne gold, whereas potential underground mineral resources are reported at a cut off of 2.5 grams per tonne gold. The consolidated mineral resource statement for Eau Claire is tabulated in Table 1. Table 2 demonstrates that there is in excess of one million total ounces of gold contained in the Measured and Indicated resource category at all cut-off grade sensitivities. At a 4.0 g/t cut-off the Inferred mineral resource of 420,000 tonnes contains 262,000 ounces of gold at 19.37 g/t capped or 277,000 ounces of gold at 20.47 g/t uncapped.

Highlights of the Eau Claire mineral resource estimate include:



-- Measured and Indicated Open Pit resources at an average grade of 5.15
grams per tonne gold (5.72 grams per tonne gold uncapped) containing
452,000 ounces gold (502,000 ounces gold uncapped);

-- Inferred Open Pit resources at an average grade of 2.56 grams per tonne
gold (2.83 grams per tonne gold uncapped) containing 115,000 ounces gold
(127,000 ounces gold uncapped);

-- Measured and Indicated Underground resources at an average grade of 6.46
grams per tonne gold (capped and uncapped) containing 130,000 ounces
gold (capped and uncapped);

-- Inferred Underground resources at an average grade of 7.18 grams per
tonne gold (7.21 grams per tonne uncapped) containing 905,000 ounces
gold (910,000 ounces gold uncapped).

Eastmain President and CEO, Dr. Donald J. Robinson stated "This updated mineral resource estimate demonstrates that the Eau Claire gold deposit has excellent potential for both open pit and underground mineral resources at significant grade. Detailed delineation drilling and surface sampling has improved our understanding of the mineralization at Eau Claire, while establishing a Measured and Indicated resource of 0.58 million ounces (0.63 million ounces uncapped) and an Inferred resource of 1.02 million ounces (1.04 million ounces uncapped). We believe the likelihood of adding additional resource ounces in the future is high."

This updated resource estimate does not include subset veins lying within the estimated pit area, nor does it include substantial infill sampling completed between veins sets or drilling completed in 2010. Thus, there is excellent potential to expand both the open pit and underground gold resources at Eau Claire. An aggressive 25,000-metre definition and exploration drill program, together with continued infill sampling to expand potentially open-pit material between high-grade veins at Eau Claire, will be the focus in 2011.

"We will persist with our strategy to advance the deposit towards a production and development scenario". Robinson adds, "Eastmain's recent acquisition of 100% of the outstanding royalty associated with the project also demonstrates our commitment to unlocking the potential of Eau Claire to the future benefit of our shareholders. As resources increase, a future Clearwater royalty becomes increasingly more valuable".

The Eau Claire gold deposit consists of a stacked set of quartz-tourmaline +/- carbonate sheeted veins (VQTL) aligned in a three-dimensional, en-echelon pattern from northwest to southeast within a structural corridor. Gold-bearing veins extend over an area of at least 1,500 metres in length to a depth of over 900 metres. Gold also occurs within altered rock composed of actinolite and tourmaline, with accessory biotite and calcite, which generally forms a 10-cm to multi-metre envelope on vein margins.

More than 30 parallel, gold-bearing quartz-tourmaline veins and alteration zones, generally ranging from one to four metres and locally up to 9.0 metres in width, have been intersected in the Eau Claire Deposit. These veins range from 75 to 300 metres in length and have been traced by diamond drilling to a vertical depth of approximately 900 metres.

The main set of gold-bearing veins is oriented N85 degrees E and dips 45 degrees to 60 degrees south. Drilling indicates there is a pronounced plunge to the mineralized zone, defined by these veins, in a direction of approximately 45 degrees southeast. However, there also appears to be at least one secondary orientation or rake to the southwest that has not been fully delineated.

A series of crosscutting north-south auriferous veins defined on surface have also been intersected in drilling, though their relationship to the deposit has not yet been fully defined.

Table 1          Eau Claire Deposit 
                  Open Pit and Underground (UG) Resource Estimate(ii) 
 ---------------------------------------------------------------------------- 
 0.5 g/t                        Capped(ii)    Uncapped  Capped (ii)  Uncapped 
 Pit Cut Off            Tonnes      Au g/t      Au g/t       Au oz.    Au oz. 
 ---------------------------------------------------------------------------- 
 Measured (M)        1,641,000        6.05        6.73      319,000   355,000 
 Indicated (I)       1,088,000        3.79        4.20      133,000   147,000 
 ---------------------------------------------------------------------------- 
 M & I               2,729,000        5.15        5.72      452,000   502,000 
 ---------------------------------------------------------------------------- 
 Inferred            1,398,000        2.56        2.83      115,000   127,000 
 ---------------------------------------------------------------------------- 
 ---------------------------------------------------------------------------- 
  
 ---------------------------------------------------------------------------- 
 2.5 g/t                        Capped(ii)    Uncapped   Capped(ii)  Uncapped 
 UG Cut Off             Tonnes      Au g/t      Au g/t       Au oz.    Au oz. 
 ---------------------------------------------------------------------------- 
 Measured              143,000        6.81        6.81       31,000    31,000 
 Indicated             482,000        6.36        6.36       99,000    99,000 
 ---------------------------------------------------------------------------- 
 M & I                 625,000        6.46        6.46      130,000   130,000 
 ---------------------------------------------------------------------------- 
 Inferred            3,923,000        7.18        7.21      905,000   910,000 
 ---------------------------------------------------------------------------- 
 ---------------------------------------------------------------------------- 
  
 ---------------------------------------------------------------------------- 
 Total                          Capped(ii)    Uncapped   Capped(ii)  Uncapped 
 Pit & UG               Tonnes      Au g/t      Au g/t       Au oz.    Au oz. 
 ---------------------------------------------------------------------------- 
 Measured            1,783,000        6.11        6.74      350,000   386,000 
 Indicated           1,570,000        4.58        4.86      231,000   246,000 
 ---------------------------------------------------------------------------- 
 M & I               3,354,000        5.39        5.86      581,000   632,000 
 ---------------------------------------------------------------------------- 
 Inferred            5,322,000        5.96        6.06    1,020,000 1,037,000 
 ---------------------------------------------------------------------------- 
 ----------------------------------------------------------------------------

Notes

1. Mineral resources which are not mineral reserves do not have
demonstrated economic viability. The estimate of mineral resources may
be materially affected by environmental, permitting, legal, title,
taxation, sociopolitical, marketing, or other relevant issues.

2. The quantity and grade of reported Inferred resources in this estimation
are uncertain in nature and there has been insufficient exploration to
define these inferred resources as an indicated or measured mineral
resource, and it is uncertain if further exploration will result in
upgrading them to an Indicated or Measured mineral resource category.

3. The mineral resources have been classified in accordance with
requirements of NI 43-101 and the Canadian Institute of Mining,
Metallurgy and Petroleum (CIM) standards, CIM Standards on Mineral
Resources and Reserves, Definitions and Guidelines prepared by the CIM
Standing Committee on Reserve Definitions.

4. Eugene Puritch, P.Eng., Antoine Yassa, P.Geo. and Tracy Armstrong,
P.Geo. of P&E Mining Consultants Inc., Qualified Persons under NI 43-
101, who are independent of the Company, are responsible for the mineral
resource estimates presented.

5. The resources are estimated using the polygonal method.

6. Specific gravity was based on 1900 drill core measurements conducted by
Lakefield (SGS Minerals) and by a previous study by COREM. Tonnage was
calculated by volume x specific gravity.

7. The 0.5 g/t pit cut-off and 2.5 g/t Au underground cut-off values used
in the above table are based on the March 31, 2011 24-month trailing
average gold price of US$1,158 per ounce, a US$0.95=CDN$1.00 exchange
rate and 95% process recovery. The cut-off derivations also considered
open pit and underground estimated operating costs of CDN$3.00/tonne and
CDN$70/tonne respectively, processing costs of CDN$15/tonne and G&A
costs of CDN$5.00/tonne.

8. The mineral resource estimate is based on 395 diamond drill holes
totaling 94,688 metres. 193 of these drill holes, totaling 42,218
metres, were completed since the last mineral resource estimate.

9. Resource parameters were calculated in GEMCOM and exported to Excel.

10. Gold assay composite intervals exceeding 100 grams per tonne have been
capped to 100 grams.

11. The mineral resource estimate database includes 31,725 split core assay
samples. Drill core was logged, photographed and split with half-core
samples shipped to ALS Chemex Laboratories of Sudbury and SGS Minerals
of Toronto.

12. For QA/QC purposes in addition to lab blanks and standards, the Company
inserts alternating blanks and standards every 25 samples. Standards
were purchased from Analytical Solutions Ltd, of Toronto.

13. Figures may not total due to rounding.

14. Uncapped resources are only a sensitivity to the actual capped resource
estimate.(ii)

There is potential to increase both the Open Pit and Underground resources both within the Eau Claire deposit and the adjacent 850 West Zone. The mineral resource estimate does not include 2010 drilling completed on the 850 West Zone, nor does it include channel sample data from high grade veins V12 and V16 found in this area. An infill sampling program was initiated in 2010 to assay unsplit core located between the high grade veins, which locally has been determined to be gold-bearing. This data has not been included in the estimate.

Both Eau Claire and the 850 West Zone are open at depth. A 25,000-metre drill program has been initiated to continue definition drilling and expansion drilling within and lateral to presently defined resources.

Table 2          Eau Claire Global Sensitivity to Mineral Resource 
                  Estimate(ii) 
  
 ---------------------------------------------------------------------------- 
 4.0 g/t                        Capped(ii)    Uncapped   Capped(ii)  Uncapped 
 Cut-Off                Tonnes      Au g/t      Au g/t       Au oz.    Au oz. 
 ---------------------------------------------------------------------------- 
 Measured (M)          791,000       11.47       12.88      292,000   328,000 
 Indicated (I)       3,320,000        7.33        7.47      782,000   797,000 
 ---------------------------------------------------------------------------- 
 M & I               4,111,000        8.13        8.51    1,074,000 1,125,000 
 ---------------------------------------------------------------------------- 
 Inferred              420,000       19.37       20.47      262,000   277,000 
 ---------------------------------------------------------------------------- 
 ---------------------------------------------------------------------------- 
  
 ---------------------------------------------------------------------------- 
 3.0 g/t                        Capped(ii)    Uncapped   Capped(ii)  Uncapped 
 Cut-Off                Tonnes      Au g/t      Au g/t       Au oz.    Au oz. 
 ---------------------------------------------------------------------------- 
 Measured              996,000        9.83       10.95      315,000   351,000 
 Indicated           3,505,000        7.13        7.26      804,000   818,000 
 ---------------------------------------------------------------------------- 
 M & I               4,501,000        7.73        8.08    1,118,000 1,169,000 
 ---------------------------------------------------------------------------- 
 Inferred              922,000       10.74       11.27      318,000   334,000 
 ---------------------------------------------------------------------------- 
 ---------------------------------------------------------------------------- 
  
 ---------------------------------------------------------------------------- 
 2.5 g/t                        Capped(ii)    Uncapped   Capped(ii)  Uncapped 
 Cut-Off                Tonnes      Au g/t      Au g/t       Au oz.    Au oz. 
 ---------------------------------------------------------------------------- 
 Measured            1,094,000        9.19       10.22      323,000   359,000 
 Indicated           3,639,000        6.97        7.10      815,000   831,000 
 ---------------------------------------------------------------------------- 
 M & I               4,733,000        7.48        7.82    1,139,000 1,190,000 
 ---------------------------------------------------------------------------- 
 Inferred            1,493,000        7.64        7.94      367,000   381,000 
 ---------------------------------------------------------------------------- 
 ---------------------------------------------------------------------------- 
  
 ---------------------------------------------------------------------------- 
 2.0 g/t                        Capped(ii)    Uncapped   Capped(ii)  Uncapped 
 Cut-Off                Tonnes      Au g/t      Au g/t       Au oz.    Au oz. 
 ---------------------------------------------------------------------------- 
 Measured            1,189,000        8.64        9.58      330,000   366,000 
 Indicated           3,841,000        6.72        6.84      830,000   845,000 
 ---------------------------------------------------------------------------- 
 M & I               5,030,000        7.17        7.49    1,160,000 1,211,000 
 ---------------------------------------------------------------------------- 
 Inferred            2,401,000        5.58        5.79      431,000   447,000 
 ---------------------------------------------------------------------------- 
 ---------------------------------------------------------------------------- 
  
 ---------------------------------------------------------------------------- 
 1.0 g/t                        Capped(ii)    Uncapped   Capped(ii)  Uncapped 
 Cut-Off                Tonnes      Au g/t      Au g/t       Au oz.    Au oz. 
 ---------------------------------------------------------------------------- 
 Measured            1,552,000        6.96        7.68      347,000   383,000 
 Indicated           4,377,000        6.07        6.18      854,000   870,000 
 ---------------------------------------------------------------------------- 
 M & I               5,929,000        6.30        6.57    1,201,000 1,253,000 
 ---------------------------------------------------------------------------- 
 Inferred            5,848,000        3.08        3.14      578,000   591,000 
 ---------------------------------------------------------------------------- 
 ---------------------------------------------------------------------------- 
  
 ---------------------------------------------------------------------------- 
 0.5 g/t                        Capped(ii)    Uncapped   Capped(ii)  Uncapped 
 Cut-Off                Tonnes      Au g/t      Au g/t       Au oz.    Au oz. 
 ---------------------------------------------------------------------------- 
 Measured            1,907,000        5.80        6.39      356,000   392,000 
 Indicated           4,845,000        5.55        5.65      864,000   880,000 
 ---------------------------------------------------------------------------- 
 M & I               6,752,000        5.62        5.86    1,220,000 1,272,000 
 ---------------------------------------------------------------------------- 
 Inferred            8,573,000        2.33        2.37      642,000   655,000 
 ---------------------------------------------------------------------------- 
 ---------------------------------------------------------------------------- 
 

The updated resource calculations were prepared by Eugene Puritch, P. Eng., Antoine Yassa, P.Geo. and Tracy Armstrong, P.Geo. of P & E Mining Consultants Inc. ("P&E") of Brampton, Ontario, Qualified Persons under NI 43-101 who are independent of the Company.

Eugene Puritch, P. Eng., President of P&E, and Dr. Donald J. Robinson P. Geo, President and Chief Executive Officer of Eastmain, both Qualified Persons under National Instrument 43-101 have reviewed and approved the updated resources and the technical data presented in this press release.

Eastmain has not completed a feasibility study in regards to the mineral resources presented herein and there is no certainty that proposed operations will be economically viable. An NI 43-101 compliant report to support the above mineral resource will be available on SEDAR within 45 days of the date of this press release.

Eastmain has begun a $5-million exploration program at its wholly-owned Clearwater Project. Work includes approximately 25,000 metres of definition and exploration drilling in and around the Eau Claire deposit, which begins today. In addition surface mapping, prospecting and trenching of new targets elsewhere on the property will begin in June.

About Eastmain Resources Inc. (TSX:ER - News)

Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. The Corporation has $22.5 Million in working capital and holds a pipeline of exploration projects within the James Bay District, including the Eleonore South property. Eastmain has allocated $9.3 million for exploration of its key gold projects in Quebec. Work will include 46,000 metres of drilling in 2011.

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.

[gsfl]

EASTMAIN PURCHASES CLEARWATER ROYALTY

Eastmain Resources Inc. (TSX:ER) announces that SOQUEM Inc. ("SOQUEM") has agreed to sell its 2% Net Smelter Return Royalty held against the Clearwater Project to Eastmain in exchange for a cash payment of $1 million plus one million common shares of the Corporation, subject to the approval of the TSX. Upon completion of this royalty purchase, Eastmain will hold 100% interest in the Clearwater Project, which includes the Eau Claire gold deposit, free and clear of any outstanding royalties or encumbrances.

"We are very pleased to be able to purchase the outstanding royalty from SOQUEM, our former joint venture partner on the Clearwater Project. This purchase provides Eastmain with the unencumbered ability to structure future royalty agreements on the Clearwater property at its sole discretion. With an increasing price of gold and as more ounces are discovered at Clearwater, future royalty payments could become a major catalyst for shareholder value," states Dr. Donald J. Robinson, President & CEO of Eastmain. Eau Claire is the second largest gold deposit in the James Bay Mining District. Robinson adds,
"As a shareholder in Eastmain, SOQUEM will also benefit from any future negotiations. We would like to thank SOQUEM for its early exploration work at Clearwater and its continued support in Eastmain."

Eastmain will continue to aggressively explore Clearwater. The $5-million 2011 exploration program will include 25,000 metres of drilling designed to focus on sustained resource building and new discovery on the property. Definition drilling will target the depth extensions of the Eau Claire deposit from 200 to 500 metres below surface as well as the lateral and vertical continuations of the 850 West Zone. Prospecting, trenching and regional property drilling, to test structural controls of gold mineralization across the property, will aid in the search for additional gold deposits at Clearwater.

Core logging and sampling is now in progress for drill holes completed in December. These include, four of nine holes from the 850 West Zone (ER10-276, 278, 280 and 282), which confirm the continuation of the Eau Claire gold deposit to the west. Each of these holes intersected quartz-tourmaline veins and altered rock at surface and have also intersected a new swarm of veins and schist zones at depth. The 850 West Zone, which is situated on a hill, is a very attractive target for the development of additional open pit and underground resources. This target area is open laterally to the west and at depth, where there has been no previous drilling.

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.

[gsfl]

QUEBEC APPROVES NORTHERN PLAN INVESTMENT
ROUTE 167 EXTENSION TO
PROVIDE ROAD ACCESS
TO EASTMAIN MINE PROPERTY

Eastmain Resources Inc. (TSX:ER) is pleased to announce that the Government of Quebec will begin construction of Route 167 extension (also known as the Otish Mountain Road) this summer as part of the Northern Plan initiative to make this vast territory accessible for the development of mining and tourism. The Route 167 North Extension will provide permanent year-round access to the Eastmain Mine property by way of the communities of Chibougamau and Misstissini.

The Northern Plan includes extending Route 167 from the northeast end of MisstissiniLake 260 kilometres north to the Trans-Taiga road leading to the La Grande hydroelectric complex. Extending the road to the Otish Mountains alone entails an investment of nearly $280 million over the next five years. The Quebec Government cited that the mining potential of this area is huge and diverse, including: diamonds (Stornoway); uranium (Strateco); copper/molybdenum (Western Troy) and gold (Eastmain). Current access to the area is restricted to a winter "ice" road, originally constructed in the early 1990's to haul concentrate from the Eastmain Mine to mills located in Chibougamau.

"The approval of the Northern Plan Investment and the extension of Route 167 enhances the likelihood of the Eastmain Mine once again becoming a producing gold deposit in the future. This infrastructure is vital for the development of mines in this district and it will greatly facilitate mineral exploration. As with our Eau Claire gold deposit, having road access upgrades these projects beyond just ounces in the ground to a possible production scenario", according to Don Robinson, Eastmain's President & CEO. "Cost savings with this infrastructure will be tremendous, for example last year 500 drums of fuel were mobilized to the mine property by airplane at transportation costs alone of over $400 per drum."

A 15,000-metre drill program has been proposed for the Eastmain Mine project to test the depth extension of the known gold zones and explore the 10-kilometre-long mine trend. The program is expected to begin in the second quarter of 2011.

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.

[gsfl]

Eastmain: Quebec Approves Route 167 Extension, Providing Access To Eastmain Mine

[gsfl]

Clearwater Project
Exploration drill results, Infill & Composite Assays


Eastmain Resources Inc. (TSX:ER) announces exploration drill results from the Boomerang, SNL and 850 West Zones at its Clearwater Project, James Bay, Quebec (see website for Table 1). Gold-bearing, quartz-tourmaline veins and alteration zones have been intersected in each of the three areas, well outside of current limits of the Eau Claire deposit. On-going infill drill core sampling has also detected wide zones of gold mineralization in previously drilled holes. Hole ER07-98, which formerly assayed 37.2 g/t Au across a half-metre interval, returned up to 8.19 grams gold per tonne over 5.0 metres. Composite intervals for 64 drill holes completed within the 450 West Zone report up to 39.6 grams gold per tonne across 36.7 metres (ER07-98). This work demonstrates that in addition to its high-grade gold-vein system, Eau has open-pit, bulk-tonnage potential.

Boomerang and SNL Target Areas
Gold-bearing, quartz-tourmaline veins and wide-alteration zones have been intersected up to 2.5 km east of the Eau Claire gold deposit. In the Boomerang Lake area, located about 500 metres east of Eau Claire, drill holes ER10-249, 254 and 256 intersected a gold-bearing vein system over a lateral distance of 200 metres. These veins are coincident with gold-rich veins delineated in trench CW2010-15, which assayed up to 19.40 g/t gold and 15.95 g/t tellurium (Oct 6, 2010 news release) and earlier trenching, which assayed up to 25.0 g/t Au. Drill holes ER10-257 to 260 intersected gold-bearing quartz-tourmaline veins within the SNL target area, located two kilometres east of Eau Claire, where earlier trenching reported up to 10.0 g/t gold. Further east, drill holes ER10-261, 262, 265, and 275 define a set of quartz-tourmaline veins over a strike-length of 225 metres. Assays from this zone include 0.23 g/t Au over 43.7 metres and 14.75 g/t Au over 0.5 metres. Still further east within the SNL target area, holes ER10-271 and 273 intersected wide zones of alteration and gold-bearing, quartz-tourmaline veins while hole ER10-269 intersected gold veining coincident with surface grab samples taken in 2010, which assayed up to 41.50 g/t Au and 23.10 g/t Te.

Additional drilling is recommended within the Boomerang and SNL target areas to search for a swarm of high-grade veins similar to those found at Eau Claire and for wide "bulk tonnage" type mineralization.

850 West Zone
Drilling at the 850 West Zone detected both high-grade and wide lower-grade zones of gold-bearing rock near surface. Assays range from 0.86 g/t Au over 11.0 metres to 3.14 g/t Au over 12.0 metres to 50.20 g/t over a half-metre. ER10-268 intersected 6.97 g/t gold and 13.17 g/t tellurium over 5.0 metres, including up to 36.2 g/t Au and 35.3 g/t Te over 0.5 metre, in Vein 16. ER10-270 also intersected 6.47 g/t Au over 6.7 metres, including intervals containing 18.95 g/t Au and 10.05 g/t Te, over 2.0 metres, and up to 50.2 g/t Au and 22.5 g/t Te across half-a-metre in Vein 16. Assays are pending for several drill holes, which also intersected the same gold-bearing structures.

The 850 West Zone occurs on a topographic high, as does the 450 West Zone, and is open laterally to the northeast, southwest and at depth. Previous surface stripping and trenching of the 850 West Zone exposed a series of gold-rich veins. The average gold grade from one-metre-wide channel samples taken every five metres along a length of 22 metres for Vein 12 is 118.0 g/t. Vein 16, also located within the 850 West Zone, has a average grade of 21.3 g/t gold over a length of 67 metres and a width of one metre.

2011 exploration will continue with definition drilling this area.

450 West Zone Composite Intervals
Composite intervals, which average 3.0 grams gold per tonne across an average thickness of 28.0 metres, are reported for 64 drill holes (Table 1), completed within the Main Group of Veins (P, JQ, R & S). These composite intervals are centred on the 450 West Zone and extend over a strike length of more than 230 metres. Exceptional intervals include: 4.88 g/t Au over 27.5 metres in ER07-85; 8.55 g/t Au over 36.7 metres in ER07-87; 24.62 g/t Au over 55.6 metres in ER07-98 and 6.75 g/t Au over 34.8 metres in ER07-104.

Wide zones of anomalous gold have also been delineated within the footwall T Veins at Eau Claire. Results from this zone include: 2.82 g/t Au over 44.9 metres in ER09-132; 3.32 g/t Au over 27.6 metres in ER09-136 and 1.54 g/t Au over 69.8 metres in hole ER09-145. Drill spacing within the footwall T-Vein swarm is broader and additional drilling required to delimit these structures is planned for 2011. Broad intervals of anomalous gold, outlined both within the Main Group of Veins and the footwall swarm, support a bulk-tonnage, open-pit potential for the upper portion of the Eau Claire deposit. Early drilling results from the 850 West Zone indicate there is potential for additional open pit resources in that vicinity as well.

2011 Exploration Program
The Corporation has allocated a $5-million exploration program for Clearwater, which will include 25,000 metres of drilling focused on further defining the 850 West Zone and the Eau Claire gold deposit vertically at depth between 200 and 500 metres. The objectives of the program are to expand the global gold resources and to upgrade resource categories.

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.

[gsfl]

Casimir Captial Initiating Coverage on
Eastmain Resources with an
Overweight Rating*
and $2.82 price Target.

[gsfl]

Eastmain Mine Drilling
16.32 grams Gold per tonne over 5.5 metres
incl. 101 grams Gold per tonne over 0.5 metres

Eastmain Mines Inc., a wholly-owned subsidiary of Eastmain Resources Inc. (TSX:ER), announces assay results for the 2010 drill program completed on its Eastmain Mine property, located in James Bay, Quebec. Significant multi-gram gold-silver-copper mineralization was intersected in each of the A, B and C Zones within the Eastmain Mine deposit (See web site for Table 1).
Highlights from the B Zone include: 12.16 grams gold per tonne over 9.5 metres in hole EM10-28; 18.75 grams gold per tonne over 2.0 metres in hole EM10-29; 16.27 grams gold per tonne over 1.5 metres in hole EM10-36 and 16.32 grams gold per tonne over 5.5 metres in hole EM10-38, which includes a 3.5-metre interval of 25.16 grams gold per tonne plus 0.58% copper and 101 grams gold over a half metre.
Significant intersections within the A Zone include: 7.51 grams gold per tonne over 7.83 metres (hole EM10-04); 3.33 grams gold per tonne over 7.6 metres in hole EM10-19 and a 3.5-metre interval in hole EM10-22 containing 1.2 grams gold per tonne plus 1.54% copper. Drill hole EM10-46 intersected 16.8 grams gold over 0.5 metres within the C Zone, while wide zones of anomalous gold were discovered on the property five kilometers northwest of the deposit area, in drill holes EM10-12 and 13.
Forty-six drill holes totaling 14,584 metres were completed during the 2010 program to expand the known limits of the A, B and C Zones laterally and vertically within the Eastmain deposit, to define controls on gold mineralization, and to test the "mine horizon" regionally on the property. The three designated zones of the Eastmain Mine deposit (A, B and C) have a known mineralized footprint extending for a length of 1.8 kilometres, to a vertical depth of 300 metres. However, the favourable mine trend has been delineated for more than 10 kilometres across the property.
A minimum $3-million exploration program has been allocated to the project for 2011, commencing with a 6,750-metre winter diamond drill program targeting the extension of known deposit mineralization.

Dr. Donald J. Robinson, President and CEO of Eastmain stated, "The Corporation owns two high-grade gold deposits within the James Bay district of Quebec, one of the most favourable mining districts in the world. The Eastmain Mine project is an excellent high-grade, polymetallic gold deposit with multi-million ounce gold potential. Our strategy is to expand the known gold resources through drilling and continue searching for another discovery 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.

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PRIVATE PLACEMENT & DRILLING UPDATE
Eastmain Resources Inc. (ER:TSX) announced that it has completed a non-brokered private placement consisting of 65,000 flow-through common shares, at $2.75 per flow-through common share, for aggregate gross proceeds of $178,250. Officers, directors and service providers of the Corporation subscribed for the entire placement. All securities issued pursuant to the placement are subject to a hold period of four months and one day from the date of closing.
The Corporation is well funded with in excess of $24 Million in working capital and an annual exploration budget of $8 to 10 Million. The Company’s principal focus is exploration for gold within James Bay, Québec, with an emphasis on advancing its Eau Claire and Eastmain gold deposits toward development.
Assay results are pending for 38 drill holes completed at Clearwater. Drilling will resume in January focused on the 850 West Zone where recent drilling has intersected multiple quartz- tourmaline vein and alteration zones comparable to the Eau Claire gold deposit (see website for drill plan).
In conjunction with the placement Dr. Robinson, President and CEO of the Corporation subscribed for $55,000 of the FT placement which was subsequently donated to support the handicapped. Dr. Robinson also exercised 300,000 options and donated 80,000 shares to the same charity, holding the remainder.
This news release was prepared by Dr. Donald Robinson, P.Geo., Qualified Person as defined by NI 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 in excess of $24 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. Eastmain has an annual budget of $8 to 10 million for gold exploration in Québec.

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Eastmain Resources Inc. Completes $5M Private Placement Financing
TORONTO, ONTARIO, Dec. 7, 2010 (Marketwire) --

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

Eastmain Resources Inc. (TSX:ER) ("Eastmain") is pleased to announce that it has completed its previously announced private placement for 1.82 million "flow through" common shares ("FT Shares") at a price of $2.75 per FT Share, for aggregate gross proceeds of $5 million. The placement, including the exercise of the full over-allotment option, was fully subscribed.

Casimir Capital Ltd. and RBC Capital Markets (the "Agents"), who acted as agents in the offering, received a finder's fee equal to 6% of gross proceeds of the financing, as well as non-transferable broker warrants entitling the Agents to subscribe for 0.1 million common shares of Eastmain, at a price of $1.85. The warrants have a term of 12 months from the date of closing of the placement.

The placement was completed at a 52% premium to the last 20-day weighted average share price at market close on December 5, 2010. The proceeds from this placement provide Eastmain with total working capital of approximately $24 million. Proceeds from the placement will be used to fund exploration of Eastmain's numerous James Bay Quebec gold projects, including its 100%-owned Eau Claire and Eastmain gold deposits. Two drills are currently operating at Clearwater in the search for additional gold resources east and west of the Eau Claire gold deposit. Thirty-five holes for a total of 7,750 metres have been completed to date this season. Drilling will continue until mid-month and re-commence by mid-January.

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 $24 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.

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.