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Eastmain Resources, Inc.

Eastmain Resources, Inc.

Sector: Gold Ores Region: Canada


: | Toronto Stock Exchange: ER | OTC Markets: EANRF


Eastmain is a Canadian exploration company with 100% interest in the Eau Claire and Eastmain gold deposits, both of which are located within the James Bay District of Quebec. Eau Claire, our core asset, has superior infrastructure within a favourable jurisdiction and is royalty free. The Corporation also holds a pipeline of exploration projects in this new Canadian mining district.

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Eau Claire Gold Deposit

The Eau Claire gold deposit is located on Eastmain's flagship property, Clearwater, in the James Bay Lowlands of Québec. Eastmain holds a 100% interest in the project, which is royalty-free. As of 2012, Eau Claire contains an estimated resource of 780,000 ounces of gold (measured & indicated) and 1,140,000 ounces of gold (inferred) resources. The deposit is open in all directions. High-grade veins exposed at surface, which range from 18.1 to 405 g/t gold (0.53-11.82 oz/ton), have been traced continuously to below 900 metres. The project represents one of the highest grade, undeveloped open pit gold projects in North America.

Eastmain Resources, Inc. video

Eau Claire Gold Deposit

Eastmain Resources, Inc. video

Business Television, Eastmain Resources CEO Clip

Eastmain Resources, Inc. video

Donald Robinson, CEO of Eastmain Resources (TSX: ER)

Executives

Claude Lemasson, P.Eng, MBA, President, Chief Executive Officer and Director
Mr. Lemasson is a bilingual Professional Engineer with 30 years of experience in mining construction and operations within Canada, the United States and South America. He graduated from the Kellogg-Schulich Executive MBA program, and brings strong leadership, management and team-building skills. Throughout his career, Mr. Lemasson has been responsible for the design, construction, implementation, management and supervision of multiple aspects of both open-pit and underground gold mining operations. His experience spans advanced mineral exploration, technical studies, project development and management, financing, mergers and acquisitions, and corporate development. From 2009 to 2012, Mr. Lemasson served as President, Chief Operating Officer and Director of Guyana Goldfields. He led the transition from an exploration company to a developer, moving a major core gold asset, the Aurora Gold Mine, from an early resource-estimation stage to the pre-development phase, through the processes of advanced exploration, resource estimations, preliminary economic assessment and feasibility study. From 2006 to 2009, Mr. Lemasson was Goldcorp’s General Manager of Projects for Canada and the United States and was specifically responsible for its subsidiary Les Mines Opinaca’s Éléonore Project, located in James Bay, Northern Québec. In his capacity as General Manager, he was responsible for all project management activities at Éléonore, including administration, logistics, human resources, community affairs, project exploration, environmental permitting, general management, corporate relations, and the scoping and pre-feasibility studies for the project, particularly as they related to geology, mining and processing, infrastructure and economic analysis. Previously, from 2000-2006, Mr. Lemasson held the position of Mine General Manager at Goldcorp’s Red Lake operations, where he was largely responsible for production growth to 600,000 ounces per year through the development of the mine’s high-grade zone. Prior to Goldcorp, Mr. Lemasson was Project Construction manager with Merit Consultants International, where he oversaw engineering and construction of the commissioning of Goldcorp’s Red Lake Mine in Northern Ontario. Mr. Lemasson currently sits on the board of Premier Gold Mines Ltd.
Joe Fazzini, CPA, CA, CFA, CFO and Vice President Corporate Development
Mr. Fazzini graduated from the University of Toronto’s Rotman School of Management with a Bachelor of Commerce and followed up his education earning both the Chartered Accountant and Chartered Financial Analyst designations. Mr. Fazzini spent the first half of his career in PwC’s Toronto Audit practice, overseeing the audit of consolidated financial statements and MD&A disclosures. More specifically, his responsibilities entailed key risk assessment via impairment analysis, financial covenant testing and reviewing consolidated audit work with an emphasis on high-risk Canadian and U.S.-listed mining issuers. Subsequent to his audit experience with PwC, Mr. Fazzini joined Dundee Capital Markets where he most recently served as Vice President, Senior Mining Analyst covering Precious Metals Equities. While at Dundee, he modeled, analyzed and advised global institutional investors as well as mining companies ranging from junior gold explorers to intermediate producers. Through his work as a publishing mining analyst, Mr. Fazzini will bring deep relationships across the capital markets community as well as an in-depth background in financial statement analysis, project finance and investment valuation.
William McGuinty, P.Geo, Vice President Exploration
Mr. McGuinty has worked in Canada and internationally for mineral exploration companies since 1981. Most recently he served as VP Operations at Globex Mining Exploration. Prior to that he was VP Exploration at Queenston Mining Inc. until its acquisition by Osisko Mining in 2012 and VP Exploration in South and Central America for Intrepid Mines until its takeover in 2008. His work experience spans all aspects of exploration management through to completion of environmental and feasibility studies in Canada and Latin America. He is fluent in English, French and Spanish and is a registered Professional Geoscientist in the provinces of Ontario, Saskatchewan and Quebec. He has served as Co-chair of the Advisory Panel to Canada’s Corporate Social Responsibility Counsellor and is a member of the PDAC CSR Committee.
Alison Dwoskin, CPIR, Manager Investor Relations
Mrs. Dwoskin has more than 10 years of experience in investor relations and corporate communications for publicly traded companies. She began her career at a Toronto-based investor relations firm where she was responsible for the development and implementation of investor relations programs. Most recently, she held the position of Manager Investor Relations at Klondex Mines Ltd and was responsible for the development of the company's marketing and investor relations programs. From early 2013, she played a key role in supporting the transition of Klondex from exploration and development, into a low-cost gold producer. Mrs. Dwoskin graduated with an Hons. BA, and a Marketing Management Certificate. She followed up her education with by earning the Certified Investor Relations Professional designation, by IVEY School of Business and CIRI.
George Duguay, FCIS, CGA, Corporate Secretary
Mr. Duguay is a Certified General Accountant and a Fellow of the Institute of Chartered Secretaries. He has been the President of G. Duguay Services Inc. since January 1989, a partner of Duguay and Ringler Corporate Services, a provider of corporate and financial administrative services to public companies, until February 2006. In addition, Mr. Duguay was a co-founder of Equity Financial Trust Company, a provider of transfer agent and corporate trust services. G. Duguay Services Inc. continues to act as a consultant in this area. He presently is Corporate Secretary of three public companies in the resource sector, and a director and Chairman of the Audit Committee of Intrinsyc Software International, Inc.
Laurence (Laurie) Curtis, Director & Chairman
With 40 years of experience in the mining industry and capital markets, Mr. Curtis brings a strong proven track record in corporate development, mine development and project financing to Eastmain. Mr. Curtis is an economic geologist, geochemist, explorer and developer of precious metals projects, who started his career in Australia and New Guinea. He trained as an explorer and underground geologist and then completed PhD and Post-Doctoral studies in the seventies. In 1978, he discovered and staked what is now Sabina’s George Lake Gold deposit. Mr. Curtis consulted for major mining companies for 20 years in multiple metal commodities including uranium, gold, silver, nickel, copper and industrial minerals before founding Intrepid Minerals in 1996. As founder of Intrepid Minerals, Mr. Curtis was a key member of the senior management and technical teams, overseeing all aspects from discovery through operations, from 1996 to 2007. While President and CEO of Intrepid, he was responsible for taking the Casposo gold-silver project to full feasibility. The project was later sold to Troy Resources and is still in production. After merging with Nustar Mining Corporation in 2006, Intrepid’s Paulsen Mine produced 70,000 to 78,000 ounces of gold per year for four years, before it was sold to Northern Star Resources in 2010. Later, as Director, Dr. Curtis saw Intrepid transition through merger and acquisition to become a gold producer and developer and, as Intrepid Mines Ltd., ultimately attain a market capitalization in excess of $1.2 billion, due to the discovery of the Tujuh Bukit copper-gold-silver deposit, one of Indonesia’s largest discoveries containing more than 25 M ounces of gold, 80 M ounces of silver and more than 10 billion pounds of copper. During his distinguished career as an exploration geologist, consultant and director, Mr. Curtis was involved with a number of worldwide discoveries. He led teams to the discovery of several epithermal systems in the Caribbean Basin. He was actively involved as a director on boards of several junior developers with producing mines on several continents, including Wheaton River Minerals, High River Gold Mines, Breakwater Resources and Buryatzoloto. While a director of Breakwater, the Company was sold to Nyrstar for in excess of $700 million. During the past five years, Dr. Curtis’ career shifted into the financial sector where he was Research Analyst, Mining for Clarus Securities then subsequently was Vice President, Senior Analyst Global Resources for Dundee Capital Markets. Most recently he has become Technical Advisor, Capital Markets for a number of funds, including the Tribeca Global Resources Fund. Mr. Curtis is also currently Director of Toachi Mining Ltd. (formerly Ferrum Americas). He has completed the York University – Schulich School of Business Financial Statement Interpretation course and has experience serving on audit and health and safety committees. In 2007 Mr. Curtis received the Arbor Award for volunteer work with the University of Toronto and for creating the Explorer Fund, which raises awareness and funding for undergraduate students in the field of Earth Sciences.
Stephen De Jong, Director
In July, 2012 Mr. de Jong became President and Chief Executive Officer of Integra Gold which at the time had a moderate-size, high-grade resource in Quebec and an approximate market capitalization of $20 million. Under his leadership, and amidst four challenging years in the mining and resource sector, Mr. de Jong has attracted a high caliber team of geologists, engineers, entrepreneurs and consultants to Integra Gold whom have worked effectively and efficiently together to build real value for their stakeholders and investors. Over $85 million has since been raised at subsequently higher prices giving Integra Gold a market capitalization of over $200 million on March 31, 2016. Integra Gold’s strong financial positon has enabled an aggressive exploration and growth strategy which underpins its proven ability to create value in all market conditions. Mr. de Jong, together with Executive Chairman, George Salamis, have embarked on a number of innovative, unconventional and creative initiatives including the transformative and opportunistic acquisition of the Sigma-Lamaque Mill and Mine Complex, valued at over $100 million, and the $1 million Integra Gold Rush Challenge.
Michael Hoffman, Director
Mike Hoffman is an experienced mining executive with over 30 years of practice in the mining industry including engineering, mine operations, corporate development, contracting, consulting, projects and construction. He has direct experience in a number of commodities including coal, precious metals, base metals, uranium and potash. In his past duties as CEO, he was directly involved in numerous financings. Mr. Hoffman started his career in the Canadian mining industry, working his way through engineering and mine operating roles for a number of mines across Canada, including the Arctic. In the late 1990’s, he moved to Toronto with Rio Algom and worked on both the Antamina and Spence projects in Peru and Chile, respectively. He worked for Goldcorp as Vice President, Projects and oversaw both feasibility and construction of the #3 shaft mining complex, and was responsible for the due diligence and integration of Goldcorp with Wheaton River Minerals. He worked as Vice President, Projects for Desert Sun Mining on the expansion of the Jacobina Mine in Brazil and stayed with Yamana as an executive after the merger with Desert Sun Mining. After Yamana, Mr. Hoffman then became President and CEO of Kria Resources, which acquired a number of base metal projects in Canada and later merged with Trevali Resources. He was founder and CEO of Crocodile Gold, which acquired a number of gold assets in Australia and subsequently, after he left, merged with Newmarket Gold. Since his time with Crocodile Gold, Mr. Hoffman has been active as Principal of M Hoffman Consulting Ltd. which provides advisory services to the mining industry. He has assisted on a number of projects including Belo Sun Mining, Brazil Potash and African Thunder Platinum. Mr. Hoffman’s northern Canadian experience includes operating roles, contracting experience and construction experience in the Yukon, Northwest Territories, Nunavut, northern Manitoba and northern Ontario. In addition to being a director of Eastmain Resources, he is also a director of Trevali Resources and Kombat Copper. He has experience serving on audit committees, sustainability committees and compensation committees. Mr. Hoffman holds a Bachelor of Applied Science, Mining Engineering from Queen’s University and is a Professional Engineer in the province of Ontario.
Timo Jauristo, Director
Mr. Jauristo is a geologist and seasoned mining professional with more than 35 years of experience in the gold mining industry. Mr. Jauristo is an Senior Adviser to Canaccord Genuity Corp. in the mining group. Previously, Mr. Jauristo was Executive Vice President – Corporate Development of Goldcorp. He spent 15 years with Placer Dome in various operating and corporate roles. Mr. Jauristo was involved in numerous merger and acquisition transactions in many of the major gold producing regions of the world. Between leaving Placer Dome in 2005 and joining Goldcorp in 2009, Mr. Jauristo was the Chief Executive Officer of two junior mining companies with exploration and development assets mostly in Peru and China. He was also a key team member in the discovery of the Osborne copper-gold mine in Queensland. Mr. Jauristo also sits on the board of Beadell Resources.
George Salamis, Director
Executive Chairman of Integra Gold, Mr. Salamis has over 25 years of experience in mineral exploration, mine development, operations and mining finance. Mr. Salamis has previously held senior management positions with a number of mining companies including Placer Dome Inc. & Cameco Corporation. He has been involved in several known gold discoveries that have led to becoming successful mines in addition to merger and acquisition transactions valued at over $1.2 billion, either through the sale of assets, or of junior mining companies that he played a key role in building. Specifically relevant to the Québec mining scene, Mr. Salamis, a fluent French speaker with his roots in Québec, holds a Bachelor of Science in Geology from the Université de Montréal and has spent more than eight years of his 25-year career working in the Abitibi region of northern Québec on resource projects at all levels. Mr. Salamis also sits on the board of Pinecrest Resources Ltd.
Blair Schultz, Director
Mr. Schultz currently serves as an independent director on the Board of Directors for Klondex Mines Ltd. (since June 2012) and sat on the Board of Directors of VMS Ventures Inc. prior to its sale to Royal Nickel Corporation. From June 2012 to September 2014, he served as Chairman of Klondex Mines. As Chairman, Mr. Schultz played a vital role in restructuring the corporation out of insolvency, and to attract and hire new key management. As Executive Director from September 2014 to June 2015, he focused on finance, capital markets and business development. Mr. Schultz’ role was integral in multiple capital raises totalling over $200 Million through the equity, structured debt and royalty markets as Klondex made the acquisition of a complementary mine and mill to their flagship Fire Creek mine. Since then, the company has expanded into Canada with the purchase of a past producing mine and mill in Manitoba, and continued its expansion within Nevada with the purchase of the Hollister Mine and Esmerelda Milling facility. Over the past few years Klondex progressed from an insolvent exploration company into a one of the TSX’s great mining success stories during a difficult gold cycle. At VMS Ventures Inc., he was an independent Director, Chair of the Special Committee and a member of the Audit Committee. As Chair of the Special Committee he oversaw a process to maximize shareholder value, and successfully announced a public sales transaction with Royal Nickel Corporation. Mr. Schultz previously spent 13 years with K2 & Associates Investment Management Inc. He was Vice President and held various positions most notably, Head of Special Situation, Portfolio Management and Trading. He is currently part owner and director of RYR Sports Inc., a private hockey equipment manufacturer based in Toronto, Canada. He also manages his family office, Blair Schultz Investco Inc. and consults for various private and public companies through his corporation, Schultz Capital. Mr. Schultz holds an Honours Bachelor of Mathematics degree from the University of Waterloo with a Business Administration option from Wilfred Laurier University.

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