Claude Lemasson on the massive potential of Eastmain’s Percival near surface gold discovery
“At Clearwater, we have two key projects. We have got our anchor project which is Eau Claire. We are doing some technical work and engineering studies on it. Even more exciting is Percival. Percival is a brand-new discovery. It is on what we call the KS horizon. This is a 14 km long horizon and we are doing a bunch of work on that horizon about 5 km of work. We are trying to expand the discovery basically to the east. All that work is going on right now in the field. We started drilling on August 1st. We will have results in September for that.” States Claude Lemasson, President, CEO and Director of Eastmain Resources Inc. (TSX: ER | OTCQX: EANRF), in an interview with InvestorIntel’s Tracy Weslosky.
Claude went on to further discuss the Percival discovery. He said that Percival is near-surface and the company had some significant intercepts on the discovery holes. Around 2 grams over 80 meters near the surface. He further added that the discovery has the potential to be massive. Claude also said that the company is working very hard to build quality assets with real resources in the ground. The company is currently undervalued and an increase in gold price is creating an opportunity for investors.
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