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Cartier Resources Inc.
Summary
| Project: | Chimo Mine | |
|---|---|---|
| Deposit: | Chimo Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-3-2018: Cartier Resources Inc. announces an Exploration/Drilling Update report for its Chimo Mine deposit at the Chimo Mine project. Drilling results incl. 60.0m @ 1.0g/t Au from 1129.0m. Val-d’Or, March 20th, 2018 – Cartier Resources Inc. (TSX-V: ECR) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gaetan Lavalliere (Internal) | |
| ABSTRACT: | Val-d’Or, March 20th, 2018 – Cartier Resources Inc. (TSX-V: ECR) ("Cartier") is pleased to announce it has intersected 7.6 g/t Au over 5.0 m, 235 m beneath the deepest stope at Chimo Mine, situated 45 km east of Val-d’Or. These new results were intersected at a depth of 1,075 m along the depth extensions of gold-bearing zones 5 which produced 2/3 of the ounces mined. The intersection is the first from an 8,000-m deep drilling program which is part of the ongoing 34,000-m drill program on the Chimo Mine property. The intersection grading 7.6 g/t Au over 5.0 m, including 12.2 g/t Au over 2.5 m is included in a 60.0 m section grading 1.0 g/t Au, intersected 235 m below stopes of Zones 5 (FIGURE). The drill hole was completed using control directional drilling and was designed to cut several gold-bearing zones and to explore the potential depth extensions of the gold zones below past-producing stopes. « The objective of the deep drill program is to demonstrate the continuity of potentially economic gold mineralization at depths ranging from 900 m to 1,700 m, beneath the main stopes of the former Chimo mine » commented Philippe Cloutier, President and CEO of Cartier, adding «The continuity of the intersected grades as well as the broad width of the observed mineralization and alteration system, correspond to what we are looking for ». | |
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