FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person *   Elkhorn Goldfields, LLC 2. Date of Event Requiring Statement (Month/Day/Year) 04/09/2012 3. Issuer Name and Ticker or Trading Symbol Eastern Resources, Inc. [ESRI] (Last) (First) (Middle) 1610 WYNKOOP STREET, SUITE 400 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) DENVER, CO 80202 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 90,000,000 D (1) Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Elkhorn Goldfields, LLC 1610 WYNKOOP STREET SUITE 400 DENVER, CO 80202	Â	  X	Â	Â

Signatures

/s/ Paul C. Levites, Attorney-in-fact		04/19/2012
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Elkhorn Goldfields, LLC ("EGLLC") owns the reported securities directly. Black Diamond Holdings LLC ("BDH") is the owner of ninety-nine percent (99%) of the membership interests of EGLLC. Patrick Imeson, as the manager of Black Diamond Financial Group LLC, the manager of BDH, has sole voting and investment power with respect to the reported securities. As such, Mr. Imeson may be deemed to have an indirect beneficial interest in all of the reported securities. Mr. Imeson disclaims beneficial ownership with respect to 86,823,000 shares of the reported securities except to the extent of any pecuniary interest therein, and the reporting of these securities by him shall not deemed to be an admission that he has beneficial ownership in such securities for purposes of Section 16 of the Securities Exchange Act of 1945, or for any other purposes.

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