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Eastmain Resources Inc.
San Francisco Hard Assets Presentation
November 2013

Adding Value Through Discovery

EASTMAIN
75o 48’ 52” W
48’ 52”

52o 13’ 01” N
13’ 01”

72o 05’ 19” W
05’ 19”

52o 18’ 01” N
18’ 01”

75o 57’ 20” W
57’ 20”

52o 37’ 06” N
37’ 06”
Forward Looking Statements

EASTMAIN

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.

2
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.

EASTMAIN

Goldcorp – 10 for 10

10. M&A Candidate

3
Overview of Eastmain Resources

EASTMAIN

Focused on Gold Exploration in Mine‐Friendly James Bay, Québec
Company Overview
• Two High‐Grade Gold deposits:

Summary Market Statistics
Trading Symbol

OTCBB: EANRF

TSX:ER

− Eau Claire (1.8M ounces)
− Eastmain Mine (former producer)
• Eleonore South – Joint with Goldcorp
• Favourable Mining Jurisdiction

Share Price Range (1)

C$0.19 – 0.90

Shares Outstanding

106.6 M

Options

5.71 M

• Mine‐ready infrastructure (roads, power)
• New permanent road for Eastmain Mine

Warrants

Nil

• Financial incentives (50% rebate)

Shares Fully Diluted 

112.3 M

• Goldcorp largest shareholder (9.9%)

Market Cap

C$35 M

Treasury (2)

C$7.9 M

• Fully funded for 2014

(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).
4
Gold Mining Camps in the Canadian Shield

EASTMAIN

James Bay, Québec – An emerging Mining Camp
Gold Mining Camps in the Canadian Shield
GOLD DEPOSITS

CANADA

< 0.3 M OZ
> 0.3 - 3 M OZ
> 3 - 5 M OZ
> 5 - 10 M OZ
> 10 M OZ

CANADIAN SHIELD

Overview
• 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
EL

Top 10 Canadian Gold Camps
EM

CW
GL
RR

Timmins

1
2

Detour

Kirkland Lake
Val d’Or
Hemlo
Red Lake
Noranda
Detour
James Bay, Quebec
Rainy River
Geraldton

3
4
5

Hemlo

6

KL

Val d’Or

7
8
9
10

‐

500 km

Abbreviations: CW – Clearwater; EL – Eleonore; EM – Eastmain Mine; GL – Geraldton; KL – Kirkland Lake; RR – Rainy River

20.0

40.0

60.0

80.0

Past Production + Current Gold Resources (millions oz)
James Bay, Québec – Project Location Map

EASTMAIN

Excellent infrastructure – Roads, power, airports, fuel …
James Bay – New Mining District

QUEBEC

JAMES BAY REGION
Radisson/LG2

Eléonore Project
(Roberto Deposit)
(Goldcorp)
RD

Stornaway
Renard Deposit

DY

James
Bay

ES

RK
LE

Map Area

Clearwater Project
(Eau Claire Deposit)

RH

Eastmain
Project

Eastmain
LG

RS LH

RH

Eastmain Mine

Nemaska

Plan Nord Road 
Under Construction
Temiscamie

50 kms

Clearwater
Eastmain Mine
DY – Dyna
ES – Eléonore South
LE – Lac Elmer
LG – Lidge
Lac Lessard
LH – Lac Hudson
RD – Radisson
RK – Road King
RS – Reservoir
RH – Ruby Hill
6
Clearwater Project - Eau Claire Gold Deposit
EASTMAIN

Eau Claire is Higher Grade than 75% of all Gold Deposits Worldwide
Overview
• 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
7
Creating Shareholder Value through Discovery

EASTMAIN

Eau Claire – a precious metal deposit rich in gold and tellurides
Quartz‐Tourmaline Vein system with Au (Te‐Bi‐Ag)

A

Trenching Highlights
Channel R15

B

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
P Vein

Channel JQ50
7.7 g/t Au over 9.9 m
Up to 32.7 g/t Au

Expanding 450 West Zone
Photo A – Quartz‐Tourmaline piano‐key breccia  (P Vein from the 450 West Zone). Photo B – 2013 expansion of the 450 West Zone. 
8
Clearwater Project 

EASTMAIN

450000 mE

445000 mE

440000 mE

455000 mE

Clearwater: Eastmain’s Flagship Project (Contains Eau Claire Gold Deposit)
Large Property >200 km2
Road Accessible
Close to Power
5790000 mN
High GRADE

Eau Claire
Gold Deposit
SD
SL
SP

5785000 mN

VA

NL

KN
Hydro Quebec
Access Road

Rock
Assays
SL

• Mining Camp‐scale gold‐bearing 
corridor – 5kms long
• >1000 rock samples ranging from 
>1 to 500 g/t Au

30 to 500 g/t Au

10 to 30 g/t Au

5 to 10 g/t Au

2.5 to 5 g/t Au

5 km

465000 mE

5780000 mN
460000 mE

Eastmain
Reservoir

1.to 2.5 g/t Au

Regional Target Areas: SD – Serendipity; SP – Spider; SL – Snake Lake; VA – Vanna; KN – Knight; NL – Natel 

9
Eau Claire Gold Deposit 

EASTMAIN

445,250 mE

445,500 mE

450 West Pit

445,750 mE

N

444,250 mE

5,785,750 mN

444,000 mE

Surface Projection of Gold Mineralization, Potential Open Pit Areas & 2013 Drilling
5,785,750 mN

850 West Pit
BM
5,785,500 mN

5,785,500 mN

Gold Deposit

CW
15

5,785,250 mN

476
490

Eau Claire Highlights
5,785,000 m
• 1800mN 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
Felsic Volcaniclastic rock
Mafic Volcanic rock

494
5,785,000 mN

501
505
493

Gold Mineralization
Felsic Porphyry/Tonalite

502

Potential
Open Pit Area

2013 Drill Hole
2013 Drill Hole with Visible Gold

250 m

2013 Proposed Drill Hole

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.

10
Eau Claire Gold Deposit – Longsection Looking North

EASTMAIN

3D View of Gold‐bearing drill intersections 
Longitudinal view of Eau Claire Gold Deposit – 450 & 850 Zones – Continued expansion

850 West Zone

1 km

450 West Zone

ER12‐456

OPEN

‐300 m EL
0 m RL

ER12‐412
2011/2012 gold intercept

OPEN

Pre 2011 gold intercept

• 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 
11
Eau Claire Gold Deposit – Looking West
Western
Porphyry

EASTMAIN

F2 Fold Axis

Hangingwall
Porphyry

Footwall
Volcaniclastics &
Porphyry

12
Eau Claire Gold Deposit – Location of the High Grade

EASTMAIN

Western
Porphyry

Hangingwall
Porphyry

High‐grade
Gold Zone

Footwall
Volcaniclastics &
Porphyry

13
Eau Claire Gold Resource (Polygonal Model)

EASTMAIN

Measured & Indicated Open Pit Grade at 4.67 g/t Au
Resource Summary
Tonnes

Au Grade

In Situ Gold

(000’s)

(g/t)

(oz, uncapped)

Measured

2,728

5.12

449,000

Measured & Indicated

4,228

4.67

635,000

Inferred

2,478

2.68

213,000

Measured & Indicated

706

6.37

145,000

Inferred

4,035

7.20

935,000

Total Measured & Indicated

4,938

4.91

780,000

Total Inferred

6,513

5.48

1,148,000

Eau Claire ‐ Open Pit (1)

Eau Claire – Underground (2)

Next Update – Q4 2013
(1)
(2)
(3)

Resource estimate includes drilling up to the end of 2011 and was completed by P&E Mining Consultants.
Underground grade based on a 2.5 g/t cut‐off grade; Open pit grade using a 0.5 g/t cut‐off grade.
Block Model Resource estimate in progress

14
Route 167 North Extension and Eastmain Mine Access

EASTMAIN

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)

Renard
Sections C & D
Stornoway
97 km of Mine Road
(50 km/hr)



Km 245

D


Km 195

• Eastmain Mine now linked to Route 167 

Eastmain
Western Troy

C


Route 167
B
Km 82



Km 143
Strateco

Sections A & B
MTQ
143 km of Regional
Highway (70 km/hr)
Legend

A

Expl/Mining Project
Otish Park

Km 0

Section A: 0-82 km


Temiscamie

Section B: 82-143 km
Section C: 143-195 km

25 km

Photos courtesy of Stornoway Diamond Corporation;  MTQ – Quebec Ministry of Transport

Section D: 195-245 km
15
Eastmain Mine – Project Overview

EASTMAIN

A High‐Grade Gold Deposit with Significant Exploration Potential
Project Geology 

Project Overview

• 100% Ownership – 125 km2
Eastmain Mine 
Property

N

Mine Trend

Ruby Hill East

Eastmain 
Mine

Priority 
Target

Mine
Camp

Airstrip

• New Route 167 North
permanent 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

2.5 kms

Route 167 North

Access Road

Rock Assay Data
>30 g/t Au

>10 to 30 g/t Au

>5 to 10 g/t Au

>1 to 5 g/t Au

• 100‐person camp, airstrip, 
fuel farm, ramp & 
underground development
• Prospecting & geochemical 
surveys completed in 2013

(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.

16
Eastmain Mine – Existing Infrastructure at Mine Site

EASTMAIN

$40 M Invested by Previous Owners on Exploration & Development
• 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”

Mine Site Infrastructure
Aerial view of Mine buildings & tailings pond (foreground)

Eastmain Mine buildings and UG ramp (foreground)

17
Eastmain Mine – 3D Underground View (Looking South)

EASTMAIN

3D Longitudinal View – A & B Zones with mine development workings
High‐grade Gold deposit – significant resource expansion potential

A Zone

1000 m E

1500 m E

2000 m E

Surface

B Zone

50
0 m

Ramp

Underground 
Development

Target

F Zone
Target
Target

‐ 500 m EL

Gold mineralization

18
Research Coverage

EASTMAIN

Analyst research coverage provided by three Brokerage firms
Speculative Buy Recommendations ranging from $1.00 to $1.70
Brokerage

Analyst

Target Price

Macquarie Equities Research

Michael Gray
604 639-6372

$1.00

Stonecap Securities

Brian Szeto
416 342-9918

$1.10

Laurentian Bank Securities

Eric Lemieux
819 472-8037

$1.70

Investment Catalysts

25,000 m drilling
Block Model Resource Update Q4 2013
PEA – H1 2014
High grade, safe jurisdiction, near development

19
Reasons to own Eastmain

EASTMAIN

Clearwater One of the Highest‐Grade Undeveloped Gold Projects in Canada
• Two High Grade Gold Deposits

S‐Vein (Hole 98 – 65 m depth)

• Clearwater 1 of 7 gold projects in NA 

Visible Gold

• Resource expansion through trenching & 
drilling
• Royalty Free 
• Mine essential Infrastructure in place
• Top Mining Jurisdiction
• Provincial financial incentives (50%)

1 cm

• Goldcorp – long term shareholder

2,540 g/t Au (74.17 oz/ton); 

• Evidence for long‐life, low cost, highly 

incl. 24.6 g/t Au over 55.6m

profitable gold deposit at Eau Claire
20
Contact Information

EASTMAIN

EASTMAIN
Adding Value Through Discovery
36 Toronto Street 
Suite 1000
Toronto, Ontario
Canada, M5C 2C5

TSX:ER

Tel: 519‐940‐4870
Fax: 519‐940‐4871
www.eastmain.com
info@eastmain.com

OTCBB:EANRF
21

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