Post on 20-Jul-2020
AN EXCITING EVOLUTION!EASTMAIN RESOURCES INC. ER:TSX
THE SILVER AND GOLD SUMMIT - SAN FRANCISCO - NOVEMBER 2016
FORWARD LOOKINGSTATEMENTS
EASTMAININVESTORPRESENTATION2
Certain information set forth in this presentation may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or timing of future plans, and include, but not limited to, statements with respect to any potential director nominations, actions taken in respect of director nominations received by Eastmain, actual results of current and future exploration activities at the Company's properties, and the potential success of the Company’s future exploration and development strategies. 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 he results of matters to be considered at the upcoming annual and special meeting of shareholders of Eastmain, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, the availability of financing, timely completion of proposed studies and technical reports, and risks associated with the exploration, development and mining industry generally such as economic factors as they affect exploration, future commodity prices, changes in interest rates, safety and security, political, social or economic developments, environmental risks, insurance risks, capital expenditures, operating or technical difficulties in connection with development activities, personnel relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of Mineral Resources, contests over property title, and changes in project parameters as plans continue to be refined. 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. The Company assumes no obligation to update such information, except as may be required by law.
THE NEW EASTMAINADVANCING ASSETS WITH THE POTENTIAL FOR RESOURCE GROWTH
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com3
THE TRIANGLE OF SUCCESS
KEY PROJECTS
CLEARWATER PROJECT The Anchor Project: High-Grade Resource with Open-pit and Underground Potential
EASTMAIN MINE PROJECT A Past-Producer with Historic Resources and Growth Potential
ÉLÉONORE SOUTH JV Indicative Geochemical Signature
8 OTHER SIGNIFICANT LAND PACKAGES
Prospective Gold Potential
Strategically Staked Claims
TOP LAND POSITION IN THE JAMES BAY GOLD DISTRICT
Total Land Package: 137,665 hectares
Top Mining Jurisdiction
Access to Roads and Power
EASTMAIN November 10, 2016Shares outstanding 175,354,814
Options (W Avg Life - 6.83 yrs, $0.68) 10,213,605
Warrants (Expire 11/10/18 , $0.50) 6,899,999
Fully-Diluted 191,508,418
Market Capitalization (20-day VWAP) $128 million
Share Price (20-day VWAP) $0.73
52 Week High/Low $0.97 - $0.29
Daily Average Volume (30 day avg) 907,344
CASH POSITION
$16.2 MFT Funds: $12.8 M
BUDGET TO Q1 2017:
$10.5 M
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com4
CAPITAL STRUCTURE November 10, 2016
TSX:ER
Beacon Securities - Mike BandrowskiCormark Securities - Tyron Breytenbach
Laurentian Securities - Pierre VaillancourtMackie Research Capital - Barry Allan/Ryan Hanley
Macquarie Capital - Michael GrayParadigm Capital - Don Blyth
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com5
TOP SHAREHOLDERS
Polygon 17.1 million 9.7%
Goldcorp 10.5 million 6.0%
Integra Gold 8.9 million 5.1%
RBC Asset Management 4.1 million 2.3%
Gabelli & Company 3.6 million 2.0%
Van Eck 2.8 million 1.6%
Don Robinson 2.7 million 1.6%
Caisse du Depot (Sodémex) 2.6 million 1.5%
US Global 2.5 million 1.4%
Commodity Discovery Fund 1.5 million 0.9%
Sentry 1.3 million 0.7%
Konwave AG (Gold 2000) 1.1 million 0.6%
Industrial Alliance Insurance 0.9 million 0.5%
SIDEX 0.7 million 0.4%ANALYST COVERAGE
CAPITAL STRUCTURE SHAREHOLDERSTSX:ER
Insiders3%
Retail 48%
Institutional & Major
Shareholders38%
Goldcorp6%
Integra5%
OWNERSHIP
TOP INSIDERS
Claude Lemasson 0.9 million 0.5%
Blair Schultz 0.9 million 0.5%
Joe Fazzini 0.3 million 0.1%
Mike Hoffman 0.2 million 0.1%
Timo Jauristo 0.2 million 0.1%
Laurie Curtis 0.1 million 0.1%
EVOLUTION OF THE BOARD AND MANAGEMENT
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com6
Claude LemassonPresident & CEO and DirectorLaurence (Laurie) CurtisChairmanMichael HoffmanMine Engineer & ExecutiveBlair Schultz Capital markets experience
WELL-ESTABLISHED BOARD OF DIRECTORS
Timo JauristoGeologist, ex-Goldcorp Corp Dev Exec Stephen De Jong Integra President & CEOGeorge Salamis Integra Chairman
INTEGRA TECHNICAL ADVISORS
Previous experience with Management, the Éléonore Project (Goldcorp), & the James Bay region
Hervé Thiboutot, Geological EngineerIntegra Senior VP
Jacques Simoneau, P.Geo.Integra Exploration Manager
Claude Lemasson, P.Eng, MBA President & CEO • Highly-skilled mining professional • 30 yrs of mine dev’t & operational experience• Direct experience with Goldcorp’s Éléonore
project in northern QuébecJoe Fazzini, CPA, CFA, CA CFO & VP Corporate Development• 10+ yrs advising and auditing global gold and
base metal producers through PwC & Dundee Capital Markets.
Alison Dwoskin, CPIR Manager, Investor Relations• 10+ yrs in mining Investor Relations
MANAGEMENT TEAM Bill McGuinty, P.GeoVP Exploration• 30 yrs experience in Canada and Latin
America, from exploration to environmental and feasibility studies.
Manuel Ng-Lai, P.EngProject Engineer• 10+ yrs in the technical services sectorCarl Corriveau, P.Eng, SEGExploration Manager• 20+ yrs industry experience, including
project management and evaluation, advancing projects from exploration through economic studies
JAMES BAY GOLD CAMP EMERGING GOLD DISTRICT
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com7
ProductionThe Canadian Shield has produced over 200 million
ounces of gold
Life Cycle James Bay is one of the youngest camps in the
Canadian shield
Exploration Potential for many more
discoveries as exploration advances
Development Rapidly improved
infrastructure to speed up pace of exploration
1. The production and reserve figure for James Bay Central Camp includes Eastmain’s resources as there are currently no reserves. 2. The Eastmain mine extracted 40,000 ounces in 1995. 3. Casa Berardi and Chibougamau are located in Southern James Bay Source: Company reports, government studies, and academic journals.
Central James BayRice Lake
Casa Berardi
Detour
Hemlo
ChibougamauRed Lake
Rouyn-Noranda
Val D’or
Kirkland Lake
Timmins
72
3
23
21
728
20
30
45
74
Production & Reserves (Millions of Ounces)
First Gold Pour (Year)
20142005
1988
1983
1981
19521930
1927
1923
1915
1909
District
SUPERIOR INFRASTRUCTURE IN A TOP JURISDICTION137,665 HECTARES IN NEWEST GOLD DISTRICT
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com8
Note: Clearwater is accessible via a commercial airport at Nemaska, located 80 kms south of the project. Route 167 Nord has been constructed from Temiscamie north to the RenardProject, providing permanent road access to the Eastmain Mine project.
Ruby Hill
Lac LessardEastmain Mine
Route 167 Nord Newly Constructed
Clearwater
Lac Hudson
Reservoir
Lidge
Lac Elmer
Radisson
Éléonore South JV
JAMES BAY REGION 50KM
Eastmain
JamesBay
Mistissini
Temiscamie
Éléonore MineGoldcorp
Renard MineStornoway
Troilus MineCopper One
Wemindji
Waskaganish
Chisasibi
Nemaska
Radisson
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com9
CLEARWATER PROJECTADVANCED EXPLORATION ON THE EAU CLAIRE DEPOSIT
EAU CLAIRE: Mineral Resource Estimate1
Total Measured & Indicated: 951,000 oz @ 4.09 g/t Au -7,225,000 tonnesTotal Inferred: 633,000 oz @ 3.88 g/t Au – 5,072,000tonnes
Size and Location 51,614 hectaresJames Bay gold district greenstone belt, volcanics100% ownership
InfrastructureHydro-power (20 kms away), road and nearby airports30 person camp incl. full-kitchen, core-shack and cabins
Note 1. Technical Report for the Eau Claire Deposit, Clearwater Project by SRK Consulting (June 2015) filed on SEDAR.
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com10
EAU CLAIRE MINERAL RESOURCEOPPORTUNITY TO IMPROVE QUALITATIVE AND QUANTITATIVE DATA
77% More drilling data in next mineral resource updateQ1 2017
13,000 metres - drilling from late 201563,300 metres - planned in 2016
Note:5,000metres drilledin2014attheClovisLaketarget,ClearwaterProject
EAU CLAIRE DEPOSIT OVERVIEW: LOOKING WEST 450WestZoneOutcroponHilltopOPEN PIT POTENTIAL
Eau Claire Mineral Resource Drilling 99,000 m drilled 2011-20130 m drilled 2014-201599,000 m drilled since 2011
2016 PLANNED DRILLING PROGRAM PLAN VIEW
450 West Zone850 West Zone
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com11
EAU CLAIRE DEPOSIT AND DRILLING PROGRAMFOCUS ON QUALITY AND GROWTH
2016 EXPLORATION BUDGET
$8.8 million
850 & 450 WEST ZONE DRILLING2016 PROGRAM – 55,700 m
951,000 gold ounces (M&I)From surface to 400 m deep
2015 MINERAL AND RESOURCE ESTIMATE:
ü Open pit infill and step-out (blue) 11,200 m
ü Shallow underground infill (pink) 26,000 m
ü Delineation and conversion drilling:Inf. - > Meas. & Indic. (green and orange) 18,500 m
2015 Definition drilling intersected multiple high-grade gold intervals laterally and down-plunge of the current Measured & Indicated resource. The deposit is open laterally to the east and down plunge to the southeast and southwest. Based on SRK June 11, 2015 mineral resource, “Technical Report for the Eau Claire Gold Deposit, Clearwater Project, Quebec”.
LONGITUDINAL VIEW (Facing North)
CONCEPTUAL
300 m
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com12
CLEARWATER & LAC CLARKIE GEOLOGYMULTIPLE TARGETS ALONG STRUCTURAL DEFORMATION ZONE
2016EXPLORATION PROGRAM
ü Drill-ready open pit exploration targets (within 15 km) of the Eau Claire Deposit 7,600 m drilling
ü Lac Clarkie Phase 1 & 2 initial exploration programs include mag surveys, mapping and prospecting to identify priority drilling targets
470,000 mE
470,000 mE
480,000 mE
480,000 mE460,000 mE
5,780,000 mN
5,790,000 mN
5,800,000 mN
5,80
0,00
0 m
N5,
790,
000
mN
460,000 mE
5,78
0,00
0 m
N
450,000 mE
450,000 mE
5
km2.50
Author:JAB
Office:Orangeville
EASTMAIN
Project:
Title:
Date:Aug10,2016
Projection:UTM Nad 83 Zone18
V3BMafic Volcanic Rock
SVolcanoclastic Sediment
S4Polymictic Conglomerate
V1Felsic Volcanic Rock
S9Iron Formation
VQ, VTL, VQTLQuartz +/- Tourmaline Vein,
QFPQuartz Feldspar Porphyry
M8Schist / Alteration Zone >50%
I3B, I4BDiabase, Pyroxenite
Hydrology (rivers and lakes)
Claim Block
Area Outline
L E G E N D
Geology
I2Diorite
I1DTonalite
Other Symbols
Clearwater Property Exploration Drilling (m)Snake Lake 4,700Clovis Lake 1,300Knight 500Natel 500Serendipity 300Beluga 300Total Clearwater Property Exploration 7,600
EAU CLAIRE INITIAL DRILLING RESULTS INITIAL 9 DRILL HOLES CONFIRMS MINERALIZATION
- ER16-583 - 10.2 g/t Au over 1.0 m (Eau Claire)- ER16-584 - 79.7 g/t Au over 0.5 m (Eau Claire)
- 11.5 g/t Au over 13.5 m, incl. 21.3 g/t Au over 5 m- ER16-592 - 12.2 g/t Au over 1.5 m (Snake Lake)
- Infill drilling confirms mineralization as anticipated- Step-out drilling extends mineralization 100 m east of deposit- Additional drilling to test upper boundary of Eau Claire eastward extension
Completed Drilling: 3,003m
Eau Claire Infill: 2,070m Eau Claire Step-out: 702m Snake Lake Target: 231m
DISTANCEEAU CLAIRE to
SNAKE LAKE1.2 km
M&I: 951,000 oz @ 4.1 g/t Au
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com14
CLEARWATER PROJECTLOOKING FORWARD
Upcoming CatalystsDrilling results (4Q 2016-1Q 2017)Mineral resource update (1H 2017)Preliminary Economic Assessment (2H 2017)
2016 Exploration Program 63,300 m ($8.8 million) drillingOpen pit infill, shallow underground infill, conversion drilling, drill-ready open pit targets (w/in 15 km)Lac Clarkie LIDAR and mag surveys, prospecting, mapping and geochemical surveying for target definition
Exploration UpsideDistrict-scale greenstone beltIdentified targets in close proximity to Eau Claire depositHigh-grade outcropping -potential for several small-medium open pitsPotential for Eleonore-style and Eau Claire-style mineralization elsewhere on the property
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com15
EASTMAIN MINE PROJECTTHE RIGHT LOCATION
Otish Park
EastmainMineCamplookingNWalongminetrendtosurfacetargets
Route167Road,partofPlanNord Eastmain Mine
All season road built in 2014 by Quebec gov’t and Stornoway.
StornowayRenard MIne
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com16
EASTMAIN MINE PROJECTHISTORICAL PRODUCTION AND RESOURCE
Note 1. The Eastmain Mine (past-producing) Historical Resources is not NI 43-101 compliant. A Qualified Person has not done sufficient work to classify them as mineral resources. The issuer is not treating these historical resources as current mineral resources and these resources should not be relied on.
Historical Mining and Resource EstimateMined: 40,000 ozs at 10.58 g/t Au (1995)Resource1: 255,750 oz of 10 g/t Au in 878,000 tonnes$40M invested by previous owners on exploration & development
Size and Location8,014 hectaresJames Bay gold district greenstone belt (volcanics)100% ownership
InfrastructurePast-producing propertyPermanent all-weather road, onsite airstrip,generator-power60 person-camp incl. full-kitchen, core shack and cabins
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com17
EASTMAIN MINE PROJECTREVITALIZATION AND EXPLORATION OPPORTUNITY
10 km mine trend with four priority targets, NW of A & B gold zones2016 exploration program - $1.5 million budget• Prospecting• Mechanical trenching (3,700 m) - 3,300 m completed to date• Drilling (6,500 m) – 4,500 m completed to date
– Encouraging results from initial 4 holes (1,674 m) within 2.5 km from the historic mine and deposit
• Assays pending on additional drilling and trenchingEASTMAIN
35
TSX:ER
Eastmain Mine Project – Airborne Magnetic Survey Data
5,800,000 mN
699,000 mE698,000 mE 700,000 mE
700,000 mE698,000 mE 699,000 mE
697,000 mE
697,000 mE
5,80
1,00
0 m
N
696,000 mE
696,000 mE
5,79
8,00
0 m
N5,
799,
000
mN
5,80
0,00
0 m
N
5,799,000 mN
5,798,000 mN
Rock Sampling defines Four Au‐Ag‐Cu Targets along Mine Horizon
LEGEND
> 0.1 g/t Au
> 5.0 g/t Au
> 1.0 g/t Au
> 0.5 g/t Au
Michel Target0.5 to 125.1 g/t Au0.5 to 12.5 g/t Ag0.1 to 1.08% Cu
Julien Target0.5 to 27.2 g/t Au0.5 to 28.8 g/t Ag0.1 to 2.3% Cu
Susanna Target0.5 to 38.7 g/t Au0.5 to 26.6 g/t Ag0.1 to 3.06% Cu
Hillhouse Target0.5 to 39.5 g/t Au0.5 to 25.8 g/t Ag0.1 to 2.4% Cu
700,000 mE696,000 mE 697,000 mE 698,000 mE
700,000 mE696,000 mE 697,000 mE 698,000 mE
699,000 mE
5,801,000 mN
5,798,000 mN
5,799,000 mN
5,799,000 mN
5,798,000 mN
5,801,000 mN
Eastmain Gold Deposit
699,000 mE
500 m
ROCK ASSAY DATA
Mine Trend
Zones A & B (partially mined)
EASTMAIN MINE PROJECTENCOURAGING INITIAL DRILLING RESULTS
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com19
EASTMAIN MINE PROJECTLOOKING FORWARD
2016 Exploration ProgramProspecting, trenching and drilling on Eastmain Mine and Ruby Hill
Exploration UpsideKnown Mineralization around the historic resource Four targets outlined in the mine trendMinimal past follow up drilling on interesting prospecting results
Upcoming CatalystsExploration program results (4Q 2016)Full assessment of Eastmain past production, historic resources and targets
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com20
ÉLÉONORE SOUTH JV PROPERTY GEOLOGY INDICATIVE GEOCHEMISTRY – CONTIGUOUS TO ELEONORE MINE
HIGHLIGHTS
Property size: 147 sq km
JV Project between • Eastmain (36.7%)• Goldcorp (36.7%)• Azimut (26.6% - Manager for 2016)
JT Prospect Corridor extends from JT Prospect east to Cheechoo discovery, over Moni Prospect (July 2016)
– High gold grade grab samples range from 11.6 g/t Au – 142 g/t Au
New FD Prospect down trend from Eleonore gold mine. 4.5 km north of JT Prospect(July 2016)
Goldcorp’s Eleonore Mine:• Sedimentary-hosted gold deposit• >8 M MI&I ounces• 2016 gold production forecast: 250k -280k oz
($950/oz AISC)
2016 Drilling Program$2 million - JV Budget$0.74 million (Eastmain portion)
Goldcorp’s Eleonore PropertyEleonore South JV Property
FD Prospect
Moni Prospect
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com23
ÉLÉONORE SOUTH JV MONI PROSPECT CHANNEL SAMPLING RESULTS
Composite Results from channel sampling on outcrops:• 19.22 g/t Au over 3.8 m (Channel 1)• 7.85 g/t Au over 3.4 m (Channel 2)• 49.18 g/t over 4.0 m (Channel 3)• 50.37 g/t Au over 3.5 m (Channel 4)
Reportedgoldvaluesareuncut
76°W
76°W
52°3
7'30
"N
52°3
7'30
"N
435,000
435,000
440,000
440,000
5,8
25,0
00
5,8
25,0
00
5,8
30,0
00
5,8
30,0
00
5,8
35,0
00
5,8
35,0
00
0 500 1,000 1,500
meters
1:50,000
UTM zone 18 projection - NAD83
ELEONORE SOUTH PROPERTYSoil geochemistry - Arsenic (As)
Date: 2016-05-11
100%99%96% - 98%91% - 95%86% - 90%81% - 85%71% - 80%61% - 70%51% - 60%1% - 50%
71.82 - 929.3550.27 - 71.8129.23 - 50.2719.25 - 29.2314.84 - 19.2512.14 - 14.848.85 - 12.146.76 - 8.855.19 - 6.76
0 - 5.19
As (ppm) | Percentiles
76°W
76°W
52°3
7'30
"N
52°3
7'30
"N
435,000
435,000
440,000
440,000
5,8
25,0
00
5,8
25,0
00
5,8
30,0
00
5,8
30,0
00
5,8
35,0
00
5,8
35,0
00
0 500 1,000 1,500
meters
1:50,000
UTM zone 18 projection - NAD83
ELEONORE SOUTH PROPERTYSoil geochemistry - Gold (Au)
Date: 2016-05-11
100%99%96% - 98%91% - 95%86% - 90%81% - 85%71% - 80%61% - 70%51% - 60%1% - 50%
0.079 - 0.930.05 - 0.0790.026 - 0.05
0.016 - 0.0260.012 - 0.0160.009 - 0.0120.007 - 0.0090.006 - 0.0070.005 - 0.006
0 - 0.005
Au (ppm) | Percentiles
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com22
ÉLÉONORE SOUTH JVSTRONG GEOCHEMISTRY, LARGE POTENTIAL
2016 Drilling Program:Surface prospecting Phase 1 - 2,500 m drilling (complete)Complete 12 holes complete; 5 assays received
7 assays pending
Phase 2 – 2,500 m follow up drillingPlanned to begin early 2017
12 km2
PROSPECTIVE CORRIDOR
Tonaliate 3 - 4 km long0.5 km wide
Significant results from the first 5 drill holes:• 8.88 g/t Au over 2.5 m (Hole ES16-48)• 0.52 g/t Au over 36 m (Hole ES16-49)
including 1.23 g/t Au over 6 m• 0.50 g/t Au over 16.4 m (Hole ES16-50)
and 0.94 g/t Au over 4.5 m• 0.62 g/t Au over 79.1 m (Hole ES16-51)
including 5.0 g/t Au over 4.0 m• 1.1 g/t Au over 3.0 m (Hole ES16-52)
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com23
THE WAY FORWARDPRESSING THE RESET BUTTON
3Q16 4Q16 1Q17 2Q17 3Q17
Complete comprehensive drill campaign (63,000m)
Issue updated mineral resource estimate
Perform other technical optimization work
Optimize and complete PEA and study work
CLE
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WA
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PR
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EAST
MA
IN
MIN
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CT
ÉLÉO
NO
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SOU
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V
Trenching
Drilling (7,500m)
Drilling (5,000m)
Sampling
PRIORITES (Calendar Year)
2017 Program
2017 Program
2017 Program
4Q17
EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com24
FOR MORE INFORMATION
Claude Lemasson P.Eng., MBA
President & CEOlemasson@eastmain.com
Alison Dwoskin CPIR
Manager, Investor Relationsdwoskin@eastmain.com
Office: 647-347-3735