Eastmain’s Eau Claire high-grade deposit, part of the company’s the Clearwater Project, has surface veins averaging 23.5 g/t or 0.70 oz/t of gold. The vein system continues to depth and contains in excess of 1,000 oz. of gold per vertical metre. Mineralization extends at least 880 metres deep and is open at depth. Recent exploration resulted in 180 drill intersections ranging from 0.5 to 4 metres thick. 55 intersections contain visible gold. A 25-metre-wide corridor containing visible gold was identified in the central part of the Eau Claire deposit.
       Final assays, still pending on the 51-hole exploration program, are expected to increase the grade of the Eau Claire deposit. Metallurgical analysis of the vein/schist intersections will be used to determine an optimum processing flow sheet design for the gold ore.
       A Hydro Québec power connection is within 3 miles of the project and Eastmain has applied for a permit to build a two-kilometre road to the deposit. Eau Claire may be metallurgically compatible with the Roberto deposit at Goldcorp’s Éléonore mine, which raises the possibility that Eastmain could truck its ore to Goldcorp’s planned mill, eliminating much of the cost of bringing a project to production.
       Goldcorp has signed a confidentiality agreement with Eastmain as part of a joint effort to assess the future economic potential of the Eau Claire deposit and how it fits into development of Goldcorp’s Éléonore discovery. Eastmain first formed a strategic alliance with Goldcorp in 2003, renewing the partnership in 2006 for an additional five years.
       “Goldcorp’s technical support and input will prove invaluable in the next stages of exploration at Clearwater,” says Eastmain President Dr. Donald J. Robinson.
       Similarly, mineralization at the nearby Éléonore South Project joint venture project is similar in style to Goldcorp’s deposit and could be another source of ore for the mill at the Éléonore Roberto deposit.
       The Éléonore South Project is a sedimentary hosted gold zone with visible gold a surface and a 10-kilometre-long target zone. Channel samples taken from the 300 x 600-metre JT Target area confirmed the project’s high grade discovery potential. One-third of the samples were enriched with gold. Half of the more than 100 samples contained in excess of 1.0 g/t gold. The VG zone samples included one-metre assays of 37.8 g/t gold, 31.2 g/t silver and 5.33 g/t gold over 8 metres.

       About a year ago, Eastmain acquired a 100% interest in the Eastmain Mine Property, located in the same belt as its Eau Claire deposit and Éléonore joint venture. According to historical estimates, the Eastmain deposit contains 255,750 ounces of gold and 4.1 million pounds of copper.
       The property contains a copper-gold-silver, sulphide-rich deposit with three known mineralization zones. Numerous gold occurrences have been identified throughout the property. Previous drilling yielded values up to 61.45 g/t gold across 8.95 metres. The mine includes an access ramp and lateral development on two levels. Mining activities achieved recovery rates of 91.9% gold and 95% copper. Based on current metal prices, the deposit, which is open at depth, has a net asset value of about $100 million. That value could easily expand as the company explores and develops its 100%-owned 215 square kilometres of highly prospective ground surrounding the Eastmain Mine and the lateral extension of the mine horizon for a length of about 50 kilometres.

       Eastmain’s MEGATEM joint venture project with Xstrata Copper Canada encompasses about 14,500 square kilometres on the Abitibi Greenstone Belt in the Normetal-Detour areas of Ontario and Québec. Abitibi is world renown for its gold, copper, zinc and nickel deposits.
       Airborne geophysics has identified five targets that may be part of a volcanogenic massive sulphide, copper-zinc or iron formation hosted gold mineralization. One conductor in St. Laurent township suggests a 400-metre extension of the Patten River nickel showing where, historically, ASARCO reported intersections of up to 0.33% copper and 0.37% nickel over wide intervals. The target also has platinum group potential.

       Eastmain President and CEO Dr. Donald Robinson has a clear business plan: to acquire, explore and identify low-cost, profitable, long-life ore deposits that, once ready for production development, can be spun off or sold to maximize investor ROI.
       Dr. Robinson has led Eastmain since 1994. Previously, he operated a private consulting firm, Robinson Exploration Services, which specialized in the exploration of base and precious metals in Canada and Australia. He managed the exploration of a gold-rich VMS discovery at Lewis Ponds, Australia for Tri Origin Exploration and supervised an integrated base and precious metal program, for Westmin Resources which led to the discovery of the Eau Claire gold deposit.
       Under Dr. Robinson’s leadership, Eastmain has kept its focus on mineral properties in Ontario and Quebec – a region ranked among the world’s top 10 places to explore, both because of its wealth of mineral deposits and political stability.
       Eastmain has formed partnerships with the world’s leading gold and base metal mining companies that provide strategic joint venture funding and project partnerships to minimize exploration risk while maximizing shareholder value. Strategic partners and investor groups include not only Goldcorp and Xstrata, but such well known mining sector heavy weights as Barrick, BHP Billiton, Newmont, SOQUEM, Azimut Exploration, Dianor Resources, Dundee Precious Metals, Sprott Asset Management, RAB Capital, Anglo Pacific Group, Mineral Fields Fund, Canadian Resource Fund, Northern Precious Metals Fund, SIDEX, SDBJ, Excalibur and Stone & Company Management.
       Eastmain Resources is well financed for planned 2008 exploration activities, recently qualifying for $1.5 million from Quebec’s government-sponsored exploration rebate program, as well as $3 million in exercised warrants.
       Eastmain is more than poised to take advantage of the current bull market in gold. This is a company with defined ounces in the ground, an aggressive 2008 exploration program expected to significantly expand its resource base, major partnerships and alliances, and solid backing by industry leaders and financial institutions.
       “Eau Claire has been a bridesmaid for the last decade, but now the project is about to turn into a bride,” says Dr. Robinson. “Eastmain’s property portfolio provides strong leverage to the price of gold, giving investors an excellent opportunity to realize significant short- and long-term financial gains.”