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Cartier Resources Inc.
Summary
| Project: | Chimo Mine | |
|---|---|---|
| Deposit: | Chimo Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/28/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-5-2020: Cartier Resources Inc. announces an Exploration/Drilling Update report for its Chimo Mine deposit at the Chimo Mine project. Drilling results incl. 12.1m @ 7.1g/t Au from 1,317.4m. Val-d’Or, May 28 th, 2020 – Cartier Resources Inc. (TSX-V: ECR) | |
| Resources: | (Resources): 4.0Mt @ 4.53g/t Au (Ind.) & 4.87Mt @ 3.82g/t Au (inf.) | |
| CP/QP: | [Reserve] n/a (n/a) | |
| ABSTRACT: | Val-d’Or, May 28 th, 2020 – Cartier Resources Inc. (TSX-V: ECR) ("Cartier") announces values of 32.0 g/t Au over 2.0 m included within 16.5 g/t Au over 4.5 m, also included within 7.1 g/t Au over 12.1 m, intersected at a distance of 500 m below the new Zones 5B4-5M4-5NE of the Chimo Mine Property, located 45 km east of Val-d'Or. ″ These new results indicate that the gold mineralisation is open in all directions below Zones 5B4- 5M4-5NE which have been drilled to date from surface to a depth of 1,300 m ″ commented Philippe Cloutier, President and CEO, adding ″ growing the dimensions of the cluster of Zones 5B4-5M4- 5NE is an important addition to the development potential of the project ″. Zones 5B4-5M4-5NE and 5CE, situated 450 m east of the underground infrastructures are being drilled in order to increase the resource over a distance of 550 m below known zones. The length of this cluster of gold-bearing zones is known over 1,300 m. As well, internal engineering studies and tests of industrial sorting of the mineralization are in progress in order to assess possibilities of cost reduction while increasing gold ounce recuperation, which in turn could contribute to increasing the mineral resource of the property. The first internal engineering study was completed with positive conclusions. | |
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