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Cartier Resources Inc.
Summary
| Project: | Chimo Mine | |
|---|---|---|
| Deposit: | Chimo Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/18/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-2-2020: Cartier Resources Inc. announces an Exploration/Drilling Update report for its Chimo Mine deposit at the Chimo Mine project. Drilling results incl. 11.5m @ 7.1g/t Au from 1385.5m. Val-d’Or, February 18th, 2020 – Cartier Resources Inc. (TSX-V: E | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gaetan Lavalliere, Ronan Deroff (Internal) | |
| ABSTRACT: | Val-d’Or, February 18th, 2020 – Cartier Resources Inc. (TSX-V: ECR) ("Cartier") announces values of 7.1 g / t Au over 11.5 m including 22.0 g / t Au over 2.0 m intersected at a distance of 550 m below Zones 5B4-5M4-5NE of the Chimo Mine gold property located 45 km east of Val-d’Or, Quebec. Values of 7.0 g / t Au over 2.0 m, included within a section grading 2.6 g / t Au over 16.1 m, were also obtained 300 m below Zones 5B4-5M4-5NE (FIGURE 1). The continuity of mineralization makes it possible to plan drill targets over long distances and repeat the intersections. "The potential for resource expansion is open in all directions below the new Zones 5B4-5M4-5NE, testifying to the importance of the mineralized system and its continuity" commented Philippe Cloutier, President and Chief Executive Officer. Recall that in the December 2019 NI 43-101 Technical Report, using a gold price of US $ 1,292 / ounce and a cut-off grade of 2.5 g/t Au the Central Gold Corridor resource estimate for the Chimo Mine property (FIGURE 1), reported: | |
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