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Cartier Resources Inc.
Summary
| Project: | Chimo Mine | |
|---|---|---|
| Deposit: | 5M Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-10-2017: Cartier Resources Inc. announces an Exploration/Drilling Update report for its 5M Zone deposit at the Chimo Mine project. Drilling results incl. 14.1m @ 2.0g/t Au from 538.5m. Val-d’Or, October 24th, 2017 – Cartier Resources Inc. (TSX-V: ECR) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gaetan Lavalliere (Internal) | |
| ABSTRACT: | Val-d’Or, October 24th, 2017 – Cartier Resources Inc. (TSX-V: ECR) ("Cartier") is pleased to announce that the first results of its 25 000-m ongoing drill program on the Chimo Mine property, located 45 km east of Val-d'Or. Four drill holes, completed 700 m east of the former Chimo Mine workings and on the 5M Zone gold-bearing structure have intersected the 5M4 Zone (FIGURE). Of the 10 drill holes completed to date of this program all have intersected the targeted gold structures. The gold bearing structures are characterized with biotite-chlorite alteration and arsenopyrite and/or pyrrhotite mineralization, smoky and/or white quartz veining with local visible gold grains. Assay results for other intersected gold structures (1A, 1B, 2, 3, 4B, 5N et 5BS) are still pending. «These results double the potential volume of the 5M4 Zone in this area, mineralization now extends to a depth of 500 meters » commented Philippe Cloutier, President and CEO of Cartier adding, « additional drilling is planned to further increase the size of this zone ». | |
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