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Cartier Resources Inc.
Summary
| Project: | Chimo Mine | |
|---|---|---|
| Deposit: | Chimo Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-10-2018: Cartier Resources Inc. announces an Exploration/Drilling Update report for its Chimo Mine deposit at the Chimo Mine project. Drilling results incl. 13.9m @ 2.4g/t Au from 424.1m. Val-d’Or, October 9th, 2018 – Cartier Resources Inc. (TSX-V: ECR) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gaetan Lavalliere (Internal) | |
| ABSTRACT: | Val-d’Or, October 9th, 2018 – Cartier Resources Inc. (TSX-V: ECR) ("Cartier") reports new drill hole intersections of 5.5 g/t Au over 4.7 m within 13.9 m grading 2.4 g/t Au and 5.6 g/t Au over 3.0 m within 13.9 m grading 2.0 g/t Au situated 100 m of the former Chimo Mine, located 45 km east of Val-d'Or (FIGURE). These intersections, at a depth of 400 m, were intended to connect two gold zones of interest. Drilling previous to Cartier’s program had yielded: 27.1 g/t Au over 2.3 m including 4.8 g/t Au over 17.2 m and 18.7 g/t Au / 2.8 m including 4.0 g/t Au over 22.4 m. The newly recognized zone and potential, named 6N1 (FIGURE) has increased in volume and is located near existing mining infrastructure. "Zone 6N1 adds to resource development potential near underground mining infrastructure" commented Philippe Cloutier, President and CEO, adding that "we are still waiting for approximately 30% of the programs laboratory results to paint a portrait of the gold potential of Chimo Mine ". The Phase II drilling program currently underway (August 28th 2018 press release) and is focused on the resource development potential of 7 peripheral gold zones to the main cluster of Zones 5. This program consists of 40 drill holes totaling 15,000 m. 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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