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Cartier Resources Inc.
Summary
| Project: | Chimo Mine | |
|---|---|---|
| Deposit: | 2B Zone, 4E Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-1-2018: Cartier Resources Inc. announces an Exploration/Drilling Update report for its 2B Zone, 4E Zone deposit at the Chimo Mine project. Drilling results incl. 9.8m @ 2.1g/t Au from 385.2m. Val-d’Or, January 18th, 2018 – Cartier Resources Inc. (TSX-V | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gaetan Lavalliere (Internal) | |
| ABSTRACT: | Val-d’Or, January 18th, 2018 – Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) is pleased to announce new results from its ongoing 30 000-m drilling program on the Chimo Mine property, located 45 km east of Val-d'Or. These results are associated with the 2B Zone (2 structure) and the 4E Zone (4 structure) intersected respectively at 230 m and 110 m eastnortheast of the shaft. In the 2B Zone, an intersection grading 7.5 g/t Au over 2.0 m included within 2.1 g/t Au over 9.8 m was cut 90 m below drill hole CH17-16 which returned 25.0 g/t Au over 2.0 m included within 9.4 g/t Au over 6.5 m. This intersection extends the gold mineralization of the 2B Zone to a depth of 350 m (FIGURE 1). In the 4E Zone, an intersection grading 4.4 g/t Au over 2.1 m included within 1.4 g/t Au over 12.7 m was cut 140 m below drill hole CH17-16 which returned 12.3 g/t Au over 0.7 m included within 6.3 g/t Au over 1.9 m (FIGURE 2). Additional results of interest associated with these areas are shown in the table below as well as figures 1 and 2 “These new results demonstrate that the 2B and 4E Zones extend at depth and confirms their exploration potential.”, commented Philippe Cloutier, President and CEO, adding, “What is encouraging, is that the potential to develop new ounces, from these areas near the shaft, adds to those at depth along the main 5 Zones plunge.” | |
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