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Cartier Resources Inc.
Summary
| Project: | Chimo Mine | |
|---|---|---|
| Deposit: | 5N, 5M, 3 | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-2-2018: Cartier Resources Inc. announces an Exploration/Drilling Update report for its 5N, 5M, 3 deposit at the Chimo Mine project. Drilling results incl. 5.1m @ 4.7g/t Au from 685.7m. Val-d’Or, February 14th, 2018 – Cartier Resources Inc. (TSX-V: ECR) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gaetan Lavalliere (Internal) | |
| ABSTRACT: | Val-d’Or, February 14th, 2018 – Cartier Resources Inc. (TSX-V: ECR) ("Cartier") is pleased to announce new results from its ongoing 30,000-m drill program on the Chimo Mine property, situated 45 km east of Val-d’Or. These new results were intersected at a depth of 650 m along the extensions of Zones 5N and 5M. Intersections grading 4.7 g/t Au over 5.1 m including 17.7 g/t Au over 0.5 m and 9.6 g/t Au over 1.1 m were intersected 40 m below stopes of Zone 5N (FIGURE). Also, intersections grading 1.9 g/t Au over 13.0 m including 3.8 g/t Au over 3.0 m were intersected 20 m below stopes of Zone 5M. The drill holes were designed to cut several gold-bearing structures and they were lengthened to explore the potential depth extensions of the gold Zones below past-producing stopes. The new goldbearing intersections as well as additional gold-bearing intervals of interest are presented in the table below. « The results demonstrate that, below the stopes of Zones 5N and 5M, gold mineralisation continues with characteristics showing the potential to delineate additional gold resources » commented Philippe Cloutier, President and CEO of Cartier. The gold-bearing intersections are characterized with biotite-chlorite alteration and mineralization consisting of visible gold grains, arsenopyrite and/or pyrrhotite mineralization, smoky and/or white quartz veining. All other assay results from the four drills active on the property are still pending. | |
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