AN EXCITING EVOLUTION! - Corporate Presentation... · 2019-08-08 · 14 EASTMAIN INVESTOR...

24
AN EXCITING EVOLUTION! EASTMAIN RESOURCES INC. ER:TSX THE SILVER AND GOLD SUMMIT - SAN FRANCISCO - NOVEMBER 2016

Transcript of AN EXCITING EVOLUTION! - Corporate Presentation... · 2019-08-08 · 14 EASTMAIN INVESTOR...

Page 1: AN EXCITING EVOLUTION! - Corporate Presentation... · 2019-08-08 · 14 EASTMAIN INVESTOR PRESENTATION ER:TSX CLEARWATER PROJECT LOOKING FORWARD Upcoming Catalysts Drilling results

AN EXCITING EVOLUTION!EASTMAIN RESOURCES INC. ER:TSX

THE SILVER AND GOLD SUMMIT - SAN FRANCISCO - NOVEMBER 2016

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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.

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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

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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

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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%

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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

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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

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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

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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.

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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

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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

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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

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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

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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

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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

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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

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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)

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EASTMAIN MINE PROJECTENCOURAGING INITIAL DRILLING RESULTS

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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

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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

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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

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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)

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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

AR

WA

TER

PR

OJE

CT

EAST

MA

IN

MIN

E PR

OJE

CT

ÉLÉO

NO

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V

Trenching

Drilling (7,500m)

Drilling (5,000m)

Sampling

PRIORITES (Calendar Year)

2017 Program

2017 Program

2017 Program

4Q17

Page 24: AN EXCITING EVOLUTION! - Corporate Presentation... · 2019-08-08 · 14 EASTMAIN INVESTOR PRESENTATION ER:TSX CLEARWATER PROJECT LOOKING FORWARD Upcoming Catalysts Drilling results

EASTMAININVESTORPRESENTATIONER:TSXwww.Eastmain.com24

FOR MORE INFORMATION

Claude Lemasson P.Eng., MBA

President & [email protected]

Alison Dwoskin CPIR

Manager, Investor [email protected]

Office: 647-347-3735