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June 30, 2006
Ground magnetic surveys, soil sampling and reconnaissance survey were conducted for $54,114 in order to define new potential targets.
December 16, 2003
Eastmain Resources has raised CAD1.85 million in a brokered financing to finance exploration on the company's Ontario mineral properties. Eastmain issued 1,761,904 flow-through units at CAD1.05 per unit, with Fort House as agent. Eastmain's portfolio of exploration properties includes the Clearwater gold project in Northern Quebec and the Reserve Creek project in the Uchi subprovince in Ontario as well as a new joint venture on the Abitibi Extension project in Ontario. Eastmain has an option to earn a 50% interest in the property by completing CAD1.1 million in exploration expenditures over three years. The company also holds other gold and base properties in Ontario, Quebec and New Brunswick. In September, Eastmain and joint venture partner Slam Exploration announced drill results, which extend the depth of known gold mineralization in the Williamson A and B zones on the Reserve Creek property. The companies also announced that they plan to continue exploration on the Williamson gold zones and test additional targets within the auriferous corridor.
October 29, 2003
Dianor Resources has acquired an option to earn an interest in the Abitibi Extension Project from Eastmain Resources. Dianor shall have the right to explore within an area covered by data held exclusively by Eastmain Resources. Eastmain is the proprietary owner of 25,000 line km of High Sense magnetic data and 4,000 line km of GEOTEM III EM and magnetic data previously flown by BHP in the Abitibi Extension Project area of Ontario. In addition Dianor has the option to earn a 50% interest in any of the 28 diamond claim groups currently held by Eastmain in the area.