Issue link: http://resourceworld.uberflip.com/i/1152269
34 www.resourceworld.com A U G U S T / S E P T E M B E R 2 0 1 9 sected two silicified breccia intervals (4.1 metres of 1.63 g/t gold and 7.0 m of 3.15 g/t gold each at approximately 100 metres vertically below similar breccias identified) in hole ER18-837 (1.55 g/t gold over 11.0 metres, vertical depth of 125 metres). The Clearwater property hosts the Eau Claire Project, for which it issued a PEA in May, 2018, and the Percival discovery made in November, 2018. Eastmain is the operator of the Eleonore South joint venture, located immediately south of Newmont Goldcorp's Eleonore Mine. Eastmain also has a 10% interest in the Eastmain mine project, where the company prepared an NI 43-101 resource estimate. Eldorado Gold Corp. [ELD-TSX; EGO- NYSE] recently achieved commercial production at its 100%-owned Lamaque Mine near Val d'Or as of March 31, 2019. Lamaque produces ore from the Triangle deposit, which is then processed at the refurbished Sigma Mill. With an initial mine life of about seven years, Lamaque is forecast to produce 100,000-110,000 oz gold in 2019. Production is expected to increase to 125,000-135,000 oz gold in 2020 and 2021. In 2018, inferred resources were increased by over 50%, and further drilling is ongoing to increase both the reserves and resources. Falco Resources Ltd. [FPC-TSXV; FPRGF-OTC] owns about 70% of the Rouyn-Noranda mining camp, includ - ing the copper-gold-zinc Horne Mining Complex and 14 other old mines. In October 2017, Falco released a positive NI 43-101 feasibility study for its Horne 5 gold project. Mine life would be 15 years, with peak-year payable production of 268,000 oz, average life-of-mine annual payable production of 219,000 oz gold. NPV is $1,012 million at a 5% discount rate and an IRR of 18.9% before taxes and mining duties. Payback is 5.2 years pre-tax and 5.6 years post-tax. Process plant commissioning would be in first half of 2021 and full mine production in first half of 2022. Focus Graphite Inc. [FMS-TSXV; FCSMF-OTCQX; FKC-FSE] has a 100% interest in the Lac Knife crystalline flake graphite deposit located in the Côte Nord region of Québec. At approximately 15% graphitic carbon, Lac Knife is one of the highest-grade flake graphite deposits in the world. Measured and indicated resources total 9,576,000 million tonnes grading 14.77% graphitic carbon, with Inferred resources at 3,102,000 tonnes grading 13.25% carbon. Genesis Metals Corp. [GIS-TSXV; GGISF-OTCQB] has planned new sur - face exploration, including till sampling, geological mapping, trenching and geo- physics across the 100%-owned Chevrier gold claims near Chibougamau-Chapais, Québec. The objective of the 2019 work program is to delineate new high-grade drill targets. The Chevrier Project has been expanded to 275 km 2 . The program is designed to identify new high-grade gold targets outside of the known zones. Geomega Resources Inc.'s [GMA- TSXV; GOMRF-OTC] has selected Seneca Inc., a Montreal-based engineering con- sulting firm specializing in industrial process engineering, to complete the Front End Engineering Design (FEED) study for the rare earth recycling demonstration plant with a focus on the permanent mag - net industry. Geomega owns the Montviel rare earth carbonatite deposit in the Abitibi region and is advancing sustainable rare earth refining through Innord's ISR Technology. The FEED study will produce externally validated construction and operating cost estimates, project completion schedule, process flow and control diagrams and environmental impact review and process safety measures and provisions that are required for permit requests. Geomega owns over 20% of the issued and outstanding shares of Kintavar Exploration Inc. [KTR-TSXV], an explora - tion company that is advancing the Mitchi stratiform copper project in Québec. Globex Mining Enterprises Inc. [GMX-TSX; GLBXF-OTCQX; G1M- Germany] reported that Chibougamau Independent Mines Inc. [CBG-TSXV] has received the permit to begin drilling on the C-3 copper/gold zone, located east of Chibougamau. Drilling is underway. Globex has a 3% gross metal royalty on the property. The C-3 zone is a significant copper/gold QUÉBEC