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Cartier Resources Inc.
Summary
| Project: | Chimo Mine | |
|---|---|---|
| Deposit: | Chimo Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/5/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-5-2020: Cartier Resources Inc. announces a Resource Estimation report for its Chimo Mine deposit at the Chimo Mine project. Updated Mineral Resource Estimate for Project. Val-d’Or, May 5 th, 2020 – Cartier Resources Inc. (TSX-V: ECR) ("Cartier") announc | |
| Resources: | (Resources): 4.0Mt @ 4.53g/t Au (Ind.) & 4.87Mt @ 3.82g/t Au (inf.) | |
| CP/QP: | [Resource] Claude Savard (InnovExplo Inc.) | |
| ABSTRACT: | Val-d’Or, May 5 th, 2020 – Cartier Resources Inc. (TSX-V: ECR) ("Cartier") announces the results of the mineral resource estimate of the North and South Gold Corridors of the Chimo Mine property, located 45 km east of Val-d'Or. The estimate, completed and made available on May 4th , 2020, was prepared by Mrs. Claude Savard, P. Geo., from InnovExplo Inc., an independent Qualified Person as defined by NI 43-101. Mrs. Christine Beausoleil, P. Geo. and Mr. Alain Carrier, P. Geo., M. Sc. of InnovExplo Inc. contributed with the cross checks and standard validations. ″ These additional resources, situated near surface and accessible by existing infrastructure, is a considerable advantage to launching a mine project ″ commented Philippe Cloutier, President and CEO, adding ″ furthermore, two drill rigs are in the field to pursue drilling of Zones 5B4-5M4-5NE and 5CE where continuity of the mineralization has been shown to extend to a depth of 1,300 meters ″. Mineralization of the Chimo Mine property consists of 27 gold-bearing Zones hosted within 17 goldbearing Structures that comprise three Gold Corridors. The mineral resources estimated to date on the property are presented in the table below (FIGURE): | |
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