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Cartier Resources Inc.
Summary
| Project: | Fenton | |
|---|---|---|
| Deposit: | Fenton, Dyke | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/31/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-1-2018: Cartier Resources Inc. announces an Exploration/Drilling Update report for its Fenton, Dyke deposit at the Fenton project. Drilling results incl. 25m @ 2.1g/t Au from 191m. Val-d’Or, January 31st, 2018 – Cartier Resources Inc. (TSX-V: ECR) ("Ca | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gaetan Lavalliere (Internal) | |
| ABSTRACT: | Val-d’Or, January 31st, 2018 – Cartier Resources Inc. (TSX-V: ECR) ("Cartier") is pleased to announce the results of the first drill hole from its 13-drill-hole, 7,814 m drill program on the Fenton property, located 50 km southwest of Chapais and 50 km north of Osisko’s Windfall Lake gold deposit in the heart of the Urban-Barry's belt. Drill hole 1354-17-13 intersected two gold zones (FIGURE): the Fenton Zone returned 7.0 g/t Au over 1.0 m included within 0.5 g/t Au over 35.2 m whereas the Dyke Zone, situated 100 m north of the Fenton Zone returned 8.1 g/t Au over 2.0 m and 7.4 g/t Au over 2.0 m included within 3.8 g/t Au over 11.0 m and also within 2.1 g/t Au over 25.0 m. The Fenton gold zone has a range of historical intersections with grades ranging from 1.7 to 4.0 g / t Au over lengths ranging from 24.8 to 52.0 m with richer subsections grading from 6.4 to 24.5 g / t Au over lengths of 2.6 to 7.6 m (FIGURE). The two gold-bearing zones are similar in terms of geometry and composition. Mineralization, situated within sheared basalts, consists of pyrite and/or disseminated to semi-massive pyrrhotite with associated alteration minerals such as silica, sericite and calcite. The drill program was completed in December 2017 and all other assay results are pending. « To date, ten holes intersected the Dyke Zone. The results confirm the gold-bearing potential of the zone » commented Philippe Cloutier, President and CEO of Cartier adding, « The Dyke Zone has been tested down to a depth of 200 m. The proximity of both gold-bearing zones increases the overall potential of the property ». | |
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