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Cartier Iron Corp.
Summary
| Project: | Big Easy | |
|---|---|---|
| Deposit: | Big Easy | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 12/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-12-2018: Cartier Iron Corp. announces an Exploration/Drilling Update report for its Big Easy deposit at the Big Easy project. Drilling results incl. 180.4m @ 0.11g/t Au, 2.65g/t Ag from 60.6m. Toronto, Ontario, December 20, 2018 – Cartier Iron Corporat | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr. Bill Pearson (Internal) | |
| ABSTRACT: | Toronto, Ontario, December 20, 2018 – Cartier Iron Corporation (CSE: CFE) (“Cartier Iron”), is pleased to report results from the first two diamond drill holes from a four hole, 1,249m program, at its Big Easy Gold project located on the Burin Peninsula in eastern Newfoundland. The first hole, BE18- 29, tested the downdip potential of the Big Easy showing while three holes tested the Central Induced Polarization (IP) chargeability anomaly located 1.8km south of the Big Easy showing (see press release May 1, 2018). Hole BE18-30 was drilled on the western edge of the Central Anomaly. Hole BE18-31 was collared 40m west of Hole BE18-30 while hole BE18-32 was collared on the eastern edge of the Central Anomaly 200m east of Hole BE18-30. The Central Anomaly as well as other major chargeability anomalies on the property occur under prominent bogs hence drilling in the core of these anomalies must be carried out in the winter. Table 1 gives significant results and Table 2 gives details on collar coordinates and drill hole orientation. Hole BE18-30 intersected a new very wide anomalous alteration zone which returned 180.4 m grading 0.11 g Au/t and 2.65 g Ag/t. Within this extensive zone there is a 40m section which returned 0.28 g Au/t and 6.34 g Ag/t including 4.8m grading 1.26 g Au/t and 33.19 g Ag/t. Hole BE18-29 which tested the potential downdip extension of the Big Easy Showing returned 10.6m of 0.45 g Au/t and 84.96 g Ag/t including 3.9m grading 0.54 g Au/t and 224.9 g Ag/t. The downdip extension is marked by a chargeability anomaly which appears to be stronger with depth. Tom Larsen, President & CEO of Cartier Iron said: “Considering the reconnaissance nature of this drill program and the limited meterage of 617m reported, these results are very encouraging and we look forward to receiving the results from the remaining two holes which should be available in the near future. We plan to do a winter drill program in conjunction with efficient accessibility after bog freezeup of at least 1,000m to further test the Central Anomaly as well as other similar geophysical targets to the west and south.” | |
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