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Cartier Resources Inc.
Summary
| Project: | Chimo Mine | |
|---|---|---|
| Deposit: | East Block | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-1-2017: Cartier Resources Inc. announces an Exploration/Drilling Update report for its East Block deposit at the Chimo Mine project. Drilling results incl. 1.0m @ 88.6g/t Au from 422.5m. Val-d’Or, January 18th, 2017 –Cartier Resources Inc. (TSX-V: ECR) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gaetan Lavalliere (Internal) | |
| ABSTRACT: | Val-d’Or, January 18th, 2017 –Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announces the results of its drill program on the East Block of the Chimo Mine property, situated 45 km east of Vald’Or. Drilling intersected 8 gold-bearing intervals of interest of which some are located up to 650 m east of the former Chimo Mine (Figures 1 and 2). The results are presented in the following table. Six (6) drill holes totalling 2,517 m, intersected 4 gold structures in an area with little or no drilling within the favorable corridor of the property (Figures 1 and 2). The results add potential to increase the dimension of the known gold-bearing zones and have also demonstrated the potential of discovering new gold-bearing zones. Results of drill holes CH16-06 (9.9 g/t Au / 4.0 m) and CH16-04 (1.5 g/t Au / 9.0 m) increase the dimension of the gold zone located 650 m east of the former Chimo Mine. Results of drill hole CH16- 03 highlight a new area of interest situated half way between the former Chimo Mine and the gold zone mentioned above. The results of these three (3) holes lie along the main gold-bearing structure of the property. Results of drill holes CH16-02 (88.6 g/t Au / 1.0 m) and CH16-01 confirm the potential of discovery in an area that is poorly tested and yet has a significant historical intersection that graded up to 16.4 g/t Au / 3.6 m. | |
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