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Cartier Resources Inc.
Summary
| Project: | Chimo Mine | |
|---|---|---|
| Deposit: | Chimo Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-11-2018: Cartier Resources Inc. announces an Exploration/Drilling Update report for its Chimo Mine deposit at the Chimo Mine project. Drilling results incl. 44.0m @ 2.2g/t Au from 1343.0m. Val-d’Or, November 12, 2018 – Cartier Resources Inc. (TSX-V: EC | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gaetan Lavalliere (Internal) | |
| ABSTRACT: | Val-d’Or, November 12, 2018 – Cartier Resources Inc. (TSX-V: ECR) ("Cartier") reports additional drill hole intersections grading 14.6 g/t Au over 3.0 m including 36.8 g/t Au over 1.0 m, 450 m below the Chimo Mine (FIGURE). These higher-grade sections are included within a section grading 5.8 g/t Au over 10.0 m included within an interval of 44.0 m grading 2.2 g/t Au. The Chimo Mine project is situated 45 Km east of Val-d’Or within the prolific Val-d’Or Mining Camp. Results continue to confirm the robustness of the gold system below the former mine. "These new results further increase the volume of gold mineralization of interest beneath the Chimo Mine to the east, significantly increasing the potential for resource development." commented Philippe Cloutier, President and CEO. The deep drilling program along the depth extension of the Zone 5 cluster, which produced 75% of the ounces extracted from the Chimo Mine, was completed after 11 months of drilling. The program consisted of 20 holes totaling 10,000 m from 2 pilot holes starting at the surface. All of the holes intersected gold mineralization similar to Zones 5 of the Chimo Mine. Mineralization consists of nonrefractory arsenopyrite, smoky and / or whitish quartz veins, biotite, and visible gold grains. The Phase II drilling program is currently underway (August 28th 2018 press release) and aims to focus on the resource development potential of 7 peripheral gold zones to the main cluster of Zones 5. The reader should view the YouTube VIDEO, available on Cartier’s website. The 3D video helps visualize the different gold-bearing structures on the Chimo Mine property as well as key components that are the mine infrastructures, the gold-bearing zones, the gold intersection areas left unmined as well as the main targets of the ongoing drill program. The gold structure and zone 6N1 is illustrated. | |
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