Drilling Expands Dimensions of Gold Zones of East Chimo Mine Sector
14 Fevereiro 2023 - 9:30AM
Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announces drill
results in the East Chimo Mine Sector, located at the midpoint of
450 m between the Chimo Mine and West Nordeau sectors
(
FIGURE 1). The results are located on the Chimo
Mine Property, 100% owned by Cartier, which is located 45 km east
of the Val-d'Or mining camp.
The results for the current drilling program in
the East Chimo Mine Sector expand dimension of the gold zones as
follows:
- In the 5NE Gold
Zone, drilling intersected 5.2 g/t Au over 4.0 m
including 16.5 g/t Au over 0.5 m. This
intersection increases the length of Zone 5NE by 320 m, which now
has a total length of 1,150 m.
- In the 5BS Gold
Zone, drilling intersected 3.9 g/t Au over 6.9 m
including 9.0 g/t Au over 1.0 m. This
intersection increases the length of Zone 5BS by 110 m, which
now has a total length of 350 m.
- Detailed results are presented in the table below.
“The results confirm the continuity of the
mineralization of the gold zones of the East Chimo Mine Sector,
which is in line with the goal of this drill program to increase
the resources on the project,” commented Philippe Cloutier,
President and CEO.
Recall that the Chimo Mine Project now consists
of 29 gold zones that are situated within 19 gold structures,
drilled over a strike length of 3.7 km and locally up to a depth of
1.6 km (FIGURE 2) where the recent mineral
resource estimate, dated August 22, 2022*,
reported:
- 7,128,000 tonnes at an average
grade of 3.14 g/t Au for a total of 720,000 ounces of gold in the
Indicated category and;
- 18,475,000 tonnes at an average
grade of 2.75 g/t Au for a total of 1,633,000 ounces of gold in the
Inferred category.
* NI 43-101 Mineral Resources Estimate for Chimo
Mine and West Nordeau Gold Deposits, Québec, Canada, Vincent
Nadeau-Benoit, P.Geo., Alain Carrier, P.Geo., M.Sc. and Marc R.
Beauvais, P.Eng., InnovExplo Inc., August 22nd, 2022.
Table 1: Detailed information
of new results:
Drill Hole |
CoordinatesUTM (°) |
Azimut (°)/Plunge (°) |
From(m) |
To(m) |
Au(g/t) |
Length(m) |
Gold Zone |
Gold Structure |
CH22-58B |
332568/5320290/-228 |
203 / -59 |
1,115.1 |
1,122.0 |
3.9 |
6.9 |
5BS |
5BS |
Including |
1,120.0 |
1,121.0 |
9.0 |
1.0 |
CH22-58B |
332568/5320290/-228 |
203 / -59 |
1,033.0 |
1,037.0 |
5.2 |
4.0 |
5NE |
5N |
Including |
1,036.0 |
1,036.5 |
16.5 |
0.5 |
The lengths of the mineralized intersections are
expressed as lengths measured along the drill core. The estimated
true thickness of the mineralized intersections represents
approximately 65 to 85% of the measured length.
About Cartier Resources
Inc.
Cartier Resources Inc. was founded in 2006 and
is an advanced gold project exploration company based in Val-d’Or.
The company’s projects are all located in Quebec, which has
consistently ranked as one of the world’s best mining
jurisdictions. Cartier is advancing the development of its flagship
Chimo Mine Project. The Company has a strong cash position
exceeding $6.0 M and a significant corporate and institutional
endorsement, including Agnico Eagle Mines, O3 Mining and Quebec
investment funds.
Qualified Persons
The scientific and technical information on the
Company and the Chimo Mine Project in this news release was
prepared and reviewed by Mr. Gaétan Lavallière, P. Geo.,
Ph. D, Cartier’s Vice- President, and Mr. Ronan Déroff,
P. Geo, M. Sc., Cartier’s Senior Geologist, Project
Manager and Geomatician, both qualified persons as defined in NI
43-101. Mr. Lavallière approved the information contained in this
press release.
Quality Assurance / Quality
Control
Cartier inserts in the batches of samples sent
to the laboratory, 5% of the number of samples in the form of
certified standards and another 5% in the form of sterile samples
to ensure quality control. The samples are analyzed at the
Techni-Lab laboratory (Actlabs), located in Ste-Germaine-Boulé,
Quebec, Canada. Samples of 3 to 5 kg are crushed by the laboratory
up to 90% passing a mesh of 10 mesh (2.00 mm) then 500 g of sample
is pulverized up to 90% passing a mesh of 200 mesh (0.07mm). The 50
g pulps are analyzed by fire assay and are read by atomic
absorption. Samples with results ≥ 1.0 g/t and < 10.0 g/t are
re-assayed by fire assay and read by atomic absorption. Results
greater than or equal to 10.0 g/t Au are analyzed by fire assay
with gravimetric reading. For samples containing visible gold, 500
g of rock are analyzed by the “Metallic Sieve” method.
For more information, contact:Philippe Cloutier,
P. Geo.President and CEOTelephone:
819-856-0512philippe.cloutier@ressourcescartier.comwww.ressourcescartier.com
Neither the TSX Venture Exchange nor its
regulatory services provider accepts responsibility for the
adequacy or accuracy of this press release.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2e7036de-0c51-484b-be9c-ee738e975476
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