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Hey Terry, I appreciate your comments and thanks for the information.
Yes, I was aware of "Bidding on Bay Street", great information eh, but I have not been following closely enough to get a good handle on Eastmain's activities and interests.
Do you think ER will continue with further deep drilling or persue other possible properties. In otherwords, are the results from their last drilling assays attractive enough to develop? If you have any thoughts let me know.
Hey Bernard, obviously this stock felt the tremors of the gold stock shaker over the last few days. I have noticed that a lot of the other Gold stocks have rebounded somewhat. Any good news coming out of ER?
Hello Danny Yeah, mine too.Temted to average down on several of them as they appear to be excellent deals.Wonder how long it'll take before the Bre-x factor will blow over. Many mutual fuds are dumping their small mineral E&d holdings. The wheel will turn eventually. I'm encouraged with this one as their last drill results were decent & I also read in the Globe& Mail a few weeks ago the company president stating they had enough funds to continue for the next few years. Seems to be something in the wind as the price has bumped up on more than usual volume. Close to a positive news release maybe? Good luck.Keep in touch.
News Release: New director; Lac Elmer progress; Clearwater to begin drilling in August
Eastmain Resources Inc ER Shares issued 16,200,000 Apr 28 close $0.32 Wed 29 Apr 98 News Release Mr. Donald Robinson reports Eastmain has appointed Bruce A. Bouley to its board of directors. Dr. Bouley has 25 years experience as a manager and exploration geologist in the mining industry. He has worked primarily in Canada, the U.S. and Mexico. Most recently with BHP Minerals International Exploration, Dr. Bouley managed a multi-disciplinary exploration program in North and Central America with more than 60 permanent geoscientists in as many as 10 offices, with budgets of $20-million to $30-million. He has worked with advanced stage exploration projects and co-ordinated activities leading to the prefeasibility of mineral properties. Dr. Bouley also managed the exploration activities for Cominco Alaska from 1990 to 1995 and for Callahan Mining Corp. from 1980 to 1990. Diamond drilling has recently been completed at Eastmain's joint venture with Barrick Gold at Lac Elmer, Quebec. No assay data has been received by the company to date. The joint venture partners have traced a 7 kilometre long gold-silver rich, pyritic tuff horizon on the property, which is geologically comparable to rocks that host the mines within the Bousquet Camp. Surface exploration and diamond drilling is also scheduled at Eastmain's newly acquired Railroad project in Bathurst, New Brunswick. Previous work by BHP Minerals intersected ore grade base metals over mineable widths within an extension of the prolific Brunswick mine horizon. Eight base metal sulphide prospects have been identified on this 4,896 hectare property. Drilling to date indicates the potential for a world class base metal deposit on this highly prospective property, within 5 miles of Noranda's Heath Steele base metal mine and mill. Diamond drilling will also commence in August on Eastmain's 50 per cent owned Clearwater project, in joint venture with SOQUEM. A drill indicated resource of 800,000 tonnes grading 11.7 g/t gold has been outlined. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
Sapper, you beat me to it. Weird, I haven't been able to get into this thread. S.I was indicating it didn't exist. So, we should have assay results on Lac Elmer soon. Here's hoping we have a winner. What a difference post Bre-x. Before, this thing would be running up on anticipation. I wonder if they'll be using Bouley's connection's to form more joint ventures as I suspect their cash situation may be getting tight, though I believe they'll have enough for this year's project's. Good luck.
Terry, haven't been following this one too closely but do get updates from B$B......seems the POG is holding this down like all others......haven't been able to read anything sinister in the Marathon trading......still believe they have very good potential tho. Sapper