Eastmain Resources Inc.
San Francisco Hard Assets Presentation
November 2013
EASTMAIN
Adding Value Through Discovery
5252oo 3737’’ 0606”” NN7272oo 0505’’ 1919”” WW 7575oo 5757’’ 2020”” WW5252oo 1818’’ 0101”” NN7575oo 4848’’ 5252”” WW 5252oo 1313’’ 0101”” NN
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Forward Looking Statements
Certain information set forth in this Presentation 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. Some of my commentary may contain forward‐looking information, therefore, you are cautioned that the Corporation’s actual results could differ materially from my conclusions, forecasts or projections. I refer you to the section entitled “Risk Factors” in our Annual Information Form available on www.SEDAR.com which sets out certain material factors that could cause actual results to differ.
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Top 10 Reasons to Own Eastmain
1. Eau Claire – High‐Grade Gold deposit
2. Expanding Resources with Drilling
3. Safe Jurisdiction
4. Good Infrastructure
5. 100% Eastmain – ROYALTY FREE
6. Eastmain Mine – 2nd Deposit with a new road
7. Fully Funded for 2014
8. Proven Track Record – 16 Years Listed on TSX
9. Goldcorp – 10 for 10
10. M&A Candidate
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• Two High‐Grade Gold deposits:
− Eau Claire (1.8M ounces)
− Eastmain Mine (former producer)
• Eleonore South – Joint with Goldcorp
• Favourable Mining Jurisdiction
• Mine‐ready infrastructure (roads, power)
• New permanent road for Eastmain Mine
• Financial incentives (50% rebate)
• Goldcorp largest shareholder (9.9%)
• Fully funded for 2014
Overview of Eastmain Resources
5.71 MOptions
NilWarrants
C$7.9 MTreasury (2)
C$35 MMarket Cap
112.3 MShares Fully Diluted
106.6 MShares Outstanding
C$0.19 – 0.90Share Price Range (1)
TSX:ERTrading Symbol
EASTMAIN
Summary Market Statistics
Focused on Gold Exploration in Mine‐Friendly James Bay, Québec
Company Overview
(1) As at close on October 31, 2013(2) As of July 31, 2013, Eastmain had cash and cash equivalents of $4.9M, plus marketable securities of $3.0M; prepaid accounts $0.4M; $2M Quebec rebate receivable (not included).
OTCBB: EANRF
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GOLD DEPOSITS
> 3 - 5 M OZ
> 10 M OZ
> 0.3 - 3 M OZ< 0.3 M OZ
> 5 - 10 M OZ
500 km
Gold Mining Camps in the Canadian Shield
James Bay, Québec – An emerging Mining Camp
CANADA • Over 200 million ounces Gold produced from Canadian Shield
• James Bay, Québec, ranks amongst the top 10 gold camps
• First Gold production in James Bay starting in 2014
JAMES BAY, QUE
James Bay, Quebec
Geraldton
Timmins
Rainy River
DetourNorandaRed LakeHemlo
Val d’OrKirkland Lake
Past Production + Current Gold Resources (millions oz)
CANADIAN SHIELD
Hemlo
Detour
Val d’Or
RR
KL
GL
CWEM
EL
Abbreviations: CW – Clearwater; EL – Eleonore; EM – Eastmain Mine; GL – Geraldton; KL – Kirkland Lake; RR – Rainy River
EASTMAIN
Gold Mining Camps in the Canadian Shield Overview
Top 10 Canadian Gold Camps
Gold Mining Camps in the Canadian Shield
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JAMES BAY REGION
Clearwater Project(Eau Claire Deposit)
Eastmain Mine
Eléonore Project(Roberto Deposit)
(Goldcorp)
50 kms
James Bay, Québec – Project Location Map
Excellent infrastructure – Roads, power, airports, fuel …James Bay – New Mining District QUEBEC
Map AreaDY
RK
LE
LG LH
ES
RH
RH
RD
EastmainProject
ClearwaterEastmain MineDY – DynaES – Eléonore SouthLE – Lac ElmerLG – LidgeLac LessardLH – Lac HudsonRD – RadissonRK – Road KingRS – ReservoirRH – Ruby Hill
RSEastmain
JamesBay
Nemaska
Radisson/LG2
Plan Nord Road Under Construction
StornawayRenard Deposit
Temiscamie
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Clearwater Project - Eau Claire Gold Deposit
• High‐Grade Open Pit & Underground Gold Deposit
• Road accessible with power nearby
• High‐grade trenching & drilling results in 2013 will
add to the Gold resource
• 30,000 metre drill program in progress
• Resource Update ‐ Q4 2013
• PEA ‐ H1 2014
• Objectives – Long‐Life, Low‐Cost, Highly Profitable
Gold Deposit
Eau Claire is Higher Grade than 75% of all Gold Deposits WorldwideOverview
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Channel R15
39.2 g/t Au over 8.5 m
Up to 215 g/t Au
Channel R13
18.7 g/t Au over 8.0 m
Up to 144.5 g/t Au
Channel JQ36
51.5 g/t Au over 5.1 m
Up to 406.5 g/t Au
Channel JQ507.7 g/t Au over 9.9 mUp to 32.7 g/t Au
Trenching HighlightsQuartz‐Tourmaline Vein system with Au (Te‐Bi‐Ag)
Eau Claire – a precious metal deposit rich in gold and tellurides
Creating Shareholder Value through Discovery
BA
Photo A – Quartz‐Tourmaline piano‐key breccia (P Vein from the 450 West Zone). Photo B – 2013 expansion of the 450 West Zone.
Expanding 450 West Zone
P Vein
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5790000 mN
Clearwater Project
Clearwater: Eastmain’s Flagship Project (Contains Eau Claire Gold Deposit)
Eau ClaireGold Deposit
Large Property >200 km2
Road AccessibleClose to PowerHigh GRADE
VA
SL
SP
Hydro QuebecAccess Road
4450
00 m
E
4500
00 m
E
4650
00 m
E
4400
00 m
E
4550
00 m
E
4600
00 m
E
5780000 mN
5785000 mN
5 km
KN
Regional Target Areas: SD – Serendipity; SP – Spider; SL – Snake Lake; VA – Vanna; KN – Knight; NL – Natel
EastmainReservoir
1.to 2.5 g/t Au30 to 500 g/t Au 10 to 30 g/t Au 5 to 10 g/t Au 2.5 to 5 g/t AuRockAssays
•Mining Camp‐scale gold‐bearing corridor – 5kms long
• >1000 rock samples ranging from >1 to 500 g/t Au
SD
NL
SL
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Eau Claire Gold Deposit
Felsic Volcaniclastic rock
Mafic Volcanic rock Felsic Porphyry/Tonalite
Surface Projection of Gold Mineralization, Potential Open Pit Areas & 2013 Drilling
450 West Pit
850 West Pit
250 mGold Mineralization
CW15
BM
Note – Gold Mineralization surface projection represents the 0.5 g/t Au grade shell created in Leapfrog based on drilling up to 2011. Drill hole azimuth N 355E dipping 45 to 60 degrees north.
Potential Open Pit Area
N
2013 Drill Hole2013 Drill Hole with Visible Gold2013 Proposed Drill Hole
5,785,750 mN
5,785,000 mN
5,785,500 mN
444,
000
mE
5,785,000 mN
5,785,250 mN
5,785,500 mN
5,785,750 mN
445,
250
mE
445,
500
mE
445,
750
mE
444,
250
mE
476
493
505501
494
502
Gold Deposit
490
Eau Claire Highlights• 1800 m long to 900 m depth• 50% of the resources occur
from surface to 300 m depth• 37 of 59 drill holes contain
Visible Gold in 2013
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Eau Claire Gold Deposit – Longsection Looking North
3D View of Gold‐bearing drill intersections Longitudinal view of Eau Claire Gold Deposit – 450 & 850 Zones – Continued expansion
• Drilling over the past 24 months has DOUBLED the size of the gold deposit within 300 m of surface• ER12‐412 – 17.7 g/t Au/6.5 m; ER12‐456 – 10.98 g/t Au /11.0 m
2011/2012 gold intercept
Pre 2011 gold intercept
450West Zone850 West Zone
0 m RL
OPEN
OPEN
‐300 m EL
1 kmER12‐456
ER12‐412
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Eau Claire Gold Deposit – Looking West
FootwallVolcaniclastics &
Porphyry
F2 Fold Axis
HangingwallPorphyry
WesternPorphyry
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WesternPorphyry
HangingwallPorphyry
High‐gradeGold Zone
FootwallVolcaniclastics &
Porphyry
Eau Claire Gold Deposit – Location of the High Grade
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Eau Claire Gold Resource (Polygonal Model)
Resource Summary
(1) Resource estimate includes drilling up to the end of 2011 and was completed by P&E Mining Consultants.(2) Underground grade based on a 2.5 g/t cut‐off grade; Open pit grade using a 0.5 g/t cut‐off grade.(3) Block Model Resource estimate in progress
Measured & Indicated Open Pit Grade at 4.67 g/t Au
449,0005.122,728Measured
1,148,0005.486,513Total Inferred
780,0004.914,938Total Measured & Indicated
935,0007.204,035Inferred
145,0006.37706Measured & Indicated
Eau Claire – Underground (2)
213,0002.682,478Inferred
635,0004.674,228Measured & Indicated
Eau Claire ‐ Open Pit (1)
(oz, uncapped)(g/t)(000’s)
In Situ GoldAu GradeTonnes
Next Update – Q4 2013
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Legend
Expl/Mining ProjectOtish ParkSection A: 0-82 kmSection B: 82-143 kmSection C: 143-195 kmSection D: 195-245 km
Route 167 North Extension and Eastmain Mine Access
Quebec’s Plan Nord Infrastructure program – permanent road access• Quebec government’s Plan Nord program
provides new infrastructure to James Bay region; MTQ are building Sections A & B of Route 167 North Extension
• Stornoway constructing Sections C & D (financial assistance by Quebec)
• Eastmain Mine now linked to Route 167
Photos courtesy of Stornoway Diamond Corporation; MTQ – Quebec Ministry of Transport
Km 0
Km 195
Km 245
Km 143
Km 82
Sections C & DStornoway97 km of Mine Road(50 km/hr)
Western Troy
Renard
Eastmain
Strateco
25 km
Temiscamie
Sections A & BMTQ143 km of RegionalHighway (70 km/hr)
Route 167
D
A
B
C
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• 100% Ownership – 125 km2
• New Route 167 Northpermanent road access
• Eastmain Mine Au‐Ag‐Cu‐rich deposit
• Historical M&I resource 255,750 ounces gold (1M tonnes at 9.95 g/t Au)(1)
• Mine Trend >10 km long
• 53.3 g/t Au across 13.2 m
• 100‐person camp, airstrip, fuel farm, ramp & underground development
• Prospecting & geochemical surveys completed in 2013
Eastmain Mine – Project Overview
A High‐Grade Gold Deposit with Significant Exploration Potential
(1) The Eastmain Mine Historical Resources are not NI43‐101 compliant. A Qualified Person has not done sufficient work to classify them as current mineral resources. The issuer is not treating these historical resources as current mineral resources and these resources should not be relied upon.
Project Geology Project Overview
Eastmain Mine Property
Ruby Hill East
Eastmain Mine
2.5 kms
Access RoadRoute 167 North
Mine Trend
MineCamp
>1 to 5 g/t Au
Rock Assay Data
>30 g/t Au >10 to 30 g/t Au >5 to 10 g/t Au
Priority Target
Airstrip
N
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• Existing mine site infrastructure includes:
‐ Ramp & U/G access to the A & B Zones ~100,000 tonnes mined in 1994‐95
‐ Airstrip, fuel farm, 100‐person mine camp, tailings pond, mining lease
• Winter road access soon to become permanent all weather road with Québec’s “Plan Nord”
Eastmain Mine – Existing Infrastructure at Mine Site
$40 M Invested by Previous Owners on Exploration & Development
Mine Site Infrastructure
Eastmain Mine buildings and UG ramp (foreground)Aerial view of Mine buildings & tailings pond (foreground)
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Eastmain Mine – 3D Underground View (Looking South)
3D Longitudinal View – A & B Zones with mine development workings
Gold mineralization
High‐grade Gold deposit – significant resource expansion potential
1500 m E
1000 m E
2000 m E B Zone
F ZoneTarget
Surface
‐ 500 m EL
Underground Development
Ramp
500 m
A Zone
TargetTarget
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Research Coverage
Analyst research coverage provided by three Brokerage firms
$1.10Brian Szeto
416 342-9918Stonecap Securities
$1.70Eric Lemieux819 472-8037
Laurentian Bank Securities
$1.00Michael Gray604 639-6372
Macquarie Equities Research
25,000 m drilling Block Model Resource Update Q4 2013PEA – H1 2014 High grade, safe jurisdiction, near development
Investment Catalysts
Target PriceAnalystBrokerage
Speculative Buy Recommendations ranging from $1.00 to $1.70
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Reasons to own Eastmain
• Two High Grade Gold Deposits
• Clearwater 1 of 7 gold projects in NA
• Resource expansion through trenching &
drilling
• Royalty Free
• Mine essential Infrastructure in place
• Top Mining Jurisdiction
• Provincial financial incentives (50%)
• Goldcorp – long term shareholder
• Evidence for long‐life, low cost, highly
profitable gold deposit at Eau Claire
Clearwater One of the Highest‐Grade Undeveloped Gold Projects in Canada
1 cm
2,540 g/t Au (74.17 oz/ton); incl. 24.6 g/t Au over 55.6m
S‐Vein (Hole 98 – 65 m depth)
Visible Gold
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Adding Value Through Discovery
Tel: 519‐940‐4870Fax: 519‐940‐[email protected]
36 Toronto Street Suite 1000Toronto, OntarioCanada, M5C 2C5
EASTMAINEASTMAIN
Contact Information
TSX:ER OTCBB:EANRF
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