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Cartier Resources Inc.
Summary
| Project: | Chimo Mine | |
|---|---|---|
| Deposit: | Chimo Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-10-2018: Cartier Resources Inc. announces an Exploration/Drilling Update report for its Chimo Mine deposit at the Chimo Mine project. Drilling results incl. 17.3m @ 2.8g/t Au from 1250m. Val-d’Or, October 25th, 2018 – Cartier Resources Inc. (TSX-V: ECR | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gaetan Lavalliere (Internal) | |
| ABSTRACT: | Val-d’Or, October 25th, 2018 – Cartier Resources Inc. (TSX-V: ECR) ("Cartier") reports new drill hole intersections grading 5.8 g/t Au over 4.5 m included within 17.3 m grading 2.8 g/t Au and 5.3 g/t Au over 2.0 m included in 4.0 m grading 3.0 g/t Au between 350 and 525 m under Chimo Mine (FIGURE), situated east of Val-d'Or. The results that continue to be added, confirm that a robust gold system exists below Chimo Mine. "These new results increase the volume of gold mineralization below the Chimo Mine to the east, increasing the potential to expand the resource," 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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