GOLD-SILVER: Eastmain plans pre-development work at Eau Claire

QUEBEC – Eastmain Resources of Toronto is advancing its Eau Claire gold-silver project in the James Bay area. The company will undertake […]
Drawing of the proposed site layout for the Eau Claire gold-silver deposit. (Image: Eastmain Resources)
[caption id="attachment_1003724736" align="aligncenter" width="480"] Drawing of the proposed site layout for the Eau Claire gold-silver deposit. (Image: Eastmain Resources)[/caption] QUEBEC – Eastmain Resources of Toronto is advancing its Eau Claire gold-silver project in the James Bay area. The company will undertake engineering studies for an underground exploration ramp as well as environmental and infrastructure studies. In May 2018, Eastmain released a preliminary economic assessment that put the after tax net present value (with 5% discount) at $260 million and an after tax internal rate of return of 27%. A measured and indicated resource of 2.4 million tonnes grading 6.53 g/t gold was used in the study. The mine would consist of two small open pits followed by underground operations over 12 years. The company plans to drive a ramp so that a 25,000-tonne bulk sample can be collected for metallurgical and process testing. Elsewhere on the Clearwater pr operty, which includes the Eau Claire deposit,  a surface exploration program is underway. In September the company plans to complete a 1,600-metre trenching program to investigate the Cannard deformation zone along the southern boundary of the property. A 5,500-metre diamond drill program is planned this fall to further test the zone More detailed information is available at www.Eastmain.com.

Comments

Your email address will not be published. Required fields are marked *

Dec 01 2024 - Dec 02 2024
Dec 03 2024 - Dec 05 2024