For thousands of other reports visit RSC's Mineral Intellingence Map
Cartier Resources Inc.
Summary
| Project: | Fenton | |
|---|---|---|
| Deposit: | Fenton | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-6-2018: Cartier Resources Inc. announces an Exploration/Drilling Update report for its Fenton deposit at the Fenton project. Drilling results incl. 2.0m @ 29.6g/t Au from 556.0m. Val-d’Or, June 5th, 2018 – Cartier Resources Inc. (TSX-V: ECR) ("Cartier") | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gaetan Lavalliere (Internal) | |
| ABSTRACT: | Val-d’Or, June 5th, 2018 – Cartier Resources Inc. (TSX-V: ECR) ("Cartier") is pleased to announce the results of the 7,814 m drilling campaign on the Fenton property, located 50 km southwest of Chapais. The new results (TABLE) were intersected up to a depth of 625 m along the geometric extent of the Fenton gold deposit, where a historical resource estimate of 63,885 ounces (D. Chénard, Datac Géo-Conseil Enrg., 2000) is reported. These results extend the gold potential up to 340 m below the Fenton deposit (FIGURE). The property is 50% owned by SOQUEM and 50% owned by Cartier. The new results below the Fenton deposit include intersections of 29.6 g/t Au / 2.0 m included within a 20.0 m section grading 3.4 g/t Au also included within a section 64.7 m-wide grading 1.5 g/t Au. The Dyke Zone, located 100 m to the north, also extends at depth with a geometry and characteristics similar to the Fenton deposit (FIGURE) (8.1 g/t Au / 2.0 m included within a section of 11.0 m grading 3.8 g/t Au, also included within a 25.0 m wide interval grading 2.1 g/t Au was reported in a press release dated January 31, 2018). The Fenton deposit and the Dyke zone therefore consist of high grade intersections within wider gold bearing envelopes The Corporation has a strong cash position with $13M in the bank and important corporate and institutional investors including Agnico Eagle Mines, JP Morgan UK and the Quebec investment funds. Cartier’s strategy is to focus on gold projects that are relatively advanced with significant potential for resource expansion. The Corporation holds a portfolio of advanced stage exploration projects in the Abitibi Greenstone Belt in Quebec. The Corporation is focused on advancing its four key projects through drill programs. All of these projects were acquired at very reasonable valuations over the past few years. All of them are drill ready with targets identified similar to the deposits that have been outlined on each project. The Chimo Mine project is a historic gold producer. Three other projects, namely Wilson, Benoist and Fenton, hold historic resource estimate | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report