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Cartier Resources Inc.
Summary
| Project: | Chimo Mine | |
|---|---|---|
| Deposit: | Chimo Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-1-2019: Cartier Resources Inc. announces an Exploration/Drilling Update report for its Chimo Mine deposit at the Chimo Mine project. Drilling results incl. 45.5m @ 2.0g/t Au from 740.5m. Val-d’Or, January 15, 2019 – Cartier Resources Inc. (TSX-V: ECR) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gaetan Lavalliere (Internal) | |
| ABSTRACT: | Val-d’Or, January 15, 2019 – Cartier Resources Inc. (TSX-V: ECR) ("Cartier") is pleased to report drill results grading 12.4 g/t Au over 5.0 m included within 5.9 g/t Au over 12.0 m and within a broader section of 45.5 m grading 2.0 g/t Au on the Chimo Mine property, located 45 km east of Val-d'Or. The new 5M4 Zone returned 15.8 g/t Au over 1.0 m included in 2.2 g/t Au over 22.0 m. The position of the intersections, at a depth of 700 m, extends the resource potential of Zones 5NE and 5M4 over a length of 350 m (see yellow surface in FIGURE) below previous drill intersections. Zones 5NE and 5M4, located at the eastern end of the property, are only 25 m apart. The drill hole intersection of 2.0 g/t Au over 45.5 m generates a metal factor of 91, which offers additional options for considering an economic outlook. This new resource potential would be accessible via 450 m of development from existing mining infrastructures. The FIGURE illustrates the current understanding of the resource potential to be developed at Chimo Mine and ongoing exploration aims to increase it further. This potential is composed of the following areas | |
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