Eastmain Resources Inc
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Auryn raises $22.5M in private placement ahead of closing Eastmain deal
Auryn Resources has entered into an agreement with a syndicate of underwriters, co-led by Canaccord Genuity and Beacon Securities, for a bought-deal private placement of 7.5 million subscription receipts, for gross proceeds of $22.5 million. The subscription receipts will be…
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GOLD: Auryn to acquire Eastmain, create Canadian-focused Fury Gold
TORONTO – Auryn Resources is acquiring Eastmain Resources in an all-share deal valued at $121 million to create Fury Gold Mines. By mid-day on Thursday, Eastmain shares were up by 57% or 10¢, rising to 27.5¢. “Fury Gold will combine…
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GOLD: Eastmain restarts exploration at Quebec properties
QUEBEC – Eastmain Resources has resumed exploration across its three properties in Quebec’s James Bay region. The company will focus on expanding the existing Eau Claire deposit at its flagship 20,068-sq.-km Clearwater property with 4,000 metres of drilling with additional…
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GOLD: Eastmain options Lac Lessard in Quebec
QUEBEC – Eastmain Resources has optioned its Lac Lessard platinum group metals project to a private company. Under the option agreement, Eastmain has received an initial option payment of $85,000. In order to earn a 100% interest in the project, the…
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GOLD: Eastmain options Ruby Hill properties to Benz
QUEBEC – Eastmain Resources has optioned the Ruby Hill East and West properties to Benz Mining. These holdings are directly west of the Eastmain Mine project, which was optioned to Benz last August. Under the terms of the option agreement, Benz…
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COVID-19: Coronavirus impacts spread across mining sector
As the world seemingly moves into lockdown to halt the transmission of the novel COVID-19 virus, the uncertainty and restrictions on movement are taking a toll on markets and commodities. After initially benefiting from uncertainty around the virus and peaking…
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MINING PEOPLE: Azimut, Eastmain, Endeavour Mining, G2 Goldfields, Noront, RNC Minerals
Donald McInnes has resigned from the board of Aurelius Minerals with Gilles Arseneau appointed a director of the company. David de Jongh Weill, Axmin’s CFO and a director of the company, has resigned. Glenn Mullan has been appointed as a…
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GOLD: Eastmain steps out at Clearwater’s Caradoc showing
QUEBEC – Eastmain Resources has reported the results of 13 drill holes completed at its Clearwater gold property. The holes were drilled around the Caradoc showing and tested a 4.5-km strike length within the 14-km long Knight-Serendipity (KS) banded iron…
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Questing for gold in Quebec
Highlights in one of Canada’s most mining friendly provinces
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SNAPSHOT: Eight companies to watch in Quebec
Mining companies spend an average of $8.5 billion a year in Quebec and the industry generates about $962 million annually for the provincial government, excluding corporate income taxes, according to the latest report from the Quebec Mining Association. The province…
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GOLD: Eastmain options high-grade project to Benz Mining
Eastmain Resources has optioned one of its three gold projects in Quebec’s James Bay region to junior Benz Mining. The past-producing Eastmain project has indicated resources of 899,000 tonnes grading 8.19 g/t gold, 0.13% copper and 8 g/t silver. Inferred…
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GOLD: Eastmain reports results from Clearwater
Toronto – Eastmain Resources is pleased to report results for 7 drill holes (1,767 metres in the 2019 winter program at the Percival discovery on its 100%-owned Clearwater Property in James Bay, Quebec. Winter drilling is now complete, with 17 drill holes totalling…
