Goldcorp (TSX: G; NYSE: GG) put the underexplored James Bay gold district of northern Quebec on the map as a highly prospective new gold camp in 2014, when it poured the first gold from its Eleonore gold mine. Last year the mine, 800 km north of Montreal, produced 274,000 oz. gold and this year is expected to produce 315,000 oz. gold.
But a number of juniors are active in the area, too, some of them in a joint-venture partnership with Goldcorp on a property called Eleonore South, about 5 km to the south of the Eleonore mine and adjacent to the southeastern border of the gold major’s Eleonore property.
Eastmain Resources (TSX: ER; US-OTC: EANRF) and Azimut Exploration (TSXV: AZM) own 36.7% and 26.6% of the joint-venture project, respectively, with Goldcorp owning the remaining 36.7%.
This week the joint-venture partners released results from a 4,443-metre drill program that Claude Lemasson, Eastmain’s president and CEO, describes as very encouraging.
The drill program targeted an area of the project known as the prospective corridor, which in some places is as wide as one kilometre and a couple of kilometres long, and runs from northeast to southwest on an angle.
For the rest of this article: http://www.northernminer.com/news/eastmain-resources-advances-multiple-projects-canadas-newest-gold-camp/1003792249/