Cartier drills 173.6 g/t Au over 0.5 m and 11.7 g/t Au over 4.0 m to expand multiple high-grade gold zones at East Cadillac
03 Dezembro 2024 - 9:00AM
–
Cartier Resources Inc.
("
Cartier" or the "
Company")
(TSXV: ECR, FSE: 6CA) reports multiple high-grade gold results from
the 28,000-m drilling program (162 drill holes) at its
100% - owned East Cadillac property. The latter is
located 45 km east of the Val-d’Or mining camp.
These results follow-up on the significant VG10
intercepts previously announced on August 27, 2024, where drilling
returned 142.2 g/t Au over 0.5 m and 137.4
g/t Au over 0.5 m (FIGURE 1).
Highlights:
VG10 Zone
- Successful definition and expansion
of a high-grade gold ore shoot that is
approximately 50 m wide by 175 m along
plunge (FIGURE 2) and remains
open at depth:
- 173.6 g/t Au over 0.5
m with 40 clusters of visible
gold;
- 12.8 g/t Au over 0.5
m with 2 clusters of visible
gold;
- 9.7 g/t Au over 0.5
m with 5 clusters of visible
gold.
VG9 Zone
- Discovery near
surface of a new high-grade gold
intersection (250 m to the west of VG10; FIGURE
2):
- 11.7 g/t Au over 4.0 m including 46.0
g/t Au over 0.5 m with 10 clusters of
visible gold;
- 7.5 g/t Au over 0.6 m with 2
clusters of visible gold.
VG10 South Zone
- Confirmation of exploration
potential on a new high-grade gold structure (50 m
to the south of VG10):
- 20.7 g/t Au over 1.0 m;
- 5.7 g/t Au over 1.0 m.
The new 5 high-grade gold zones discovered over
8 km, the 12-km Larder Lake - Cadillac Fault zones remaining
largely untested, the current NI 43-101 mineral resource estimate,
the PEA and the strong gold price environment offer investors an
attractive investment opportunity. Furthermore, planning of a
100,000 m drill program is currently underway to pursue
exploration of the strong potential identified on the East Cadillac
asset.
Philippe Cloutier, President and CEO commented,
“These results are significant in that they clearly demonstrate the
repetition of the high-grade gold zones to be found across the East
Cadillac property,” adding, “specifically, our follow-up on the VG9
and VG10 Zones area indicate we can expect to further expand the
known high-grade gold mineralization both laterally and at
depth.”
Table 1: Details of the new
high-grade gold results
Hole |
CoordinatesUTM (m) |
Azimuth (°) /Plunge (°) |
From(m) |
To(m) |
Au(g/t) |
Length(m) |
Zone |
CH24-244 |
333526/5319948/358 |
178/-62 |
212.0 |
212.5 |
173.6* |
0.5 |
VG10 |
CH24-233 |
333599/5319801/351 |
220/-64 |
85.2 |
85.7 |
12.8* |
0.5 |
CH24-237 |
189/-45 |
64.3 |
64.8 |
9.7* |
0.5 |
CH24-235 |
257/-71 |
110.5 |
111.0 |
7.9* |
0.5 |
CH24-247 |
333526/5319948/358 |
163/-60 |
225.0 |
225.5 |
7.7* |
0.5 |
CH24-242 |
179/-55 |
207.8 |
208.6 |
7.1 |
0.8 |
CH24-232 |
333523/5319838/351 |
154/-64 |
110.3 |
110.8 |
7.1* |
0.5 |
CH24-246 |
333526/5319948/358 |
164/-54 |
210.5 |
211.1 |
6.9* |
0.6 |
CH24-241 |
333526/5319948/358 |
170/-51 |
202.9 |
203.5 |
5.5* |
0.6 |
CH24-251 |
333307/5319890/351 |
212/-55 |
44.0 |
48.0 |
11.7* |
4.0 |
VG9 |
Including |
46.4 |
46.9 |
46.0 |
0.5 |
CH24-252 |
333307/5319890/351 |
164/-54 |
52.4 |
53.0 |
7.5* |
0.6 |
CH24-248 |
333399/5319847/351 |
260/-45 |
39.0 |
41.0 |
4.0 |
2.0 |
CH24-240 |
333599/5319801/351 |
165/-45 |
159.0 |
160.0 |
20.7 |
1.0 |
VG10 SOUTH |
CH24-238 |
184/-55 |
108.0 |
109.0 |
5.7 |
1.0 |
* Presence of visible
gold The lengths of the mineralized intersections are
expressed as measured lengths along the drill core. The
estimated true widths of the mineralized intersections are
approximately 50 to 90% of the reported lengths.
Quality Assurance / Quality
Control
For each batch of samples sent to the
laboratory, Cartier inserts 5% of the number of samples in the form
of certified standards and another 5% in the form of blanks to
ensure quality control. The samples are analyzed at the Techni-Lab
(Actlabs) laboratory in Ste-Germaine-Boulé, Québec, Canada. Samples
weighing 3 to 5 kg are crushed by the laboratory to 90% passing 10
mesh (2.00 mm), then a 500 g fraction of each sample is
pulverized to 90% passing 200 mesh (0.07 mm). The resulting 50
g pulps are analyzed by fire assay with an atomic absorption
finish. Samples with results ≥ 1.0 g/t and < 10.0 g/t are
re-assayed by fire assay with an atomic absorption finish. Results
greater than or equal to 10.0 g/t Au are analyzed by fire assay
with a gravimetric finish. For samples containing visible gold, a
500 g subsample of rock is analyzed by the metallic sieve
method.
Qualified Persons
The Company’s scientific and technical
information in this news release was prepared and reviewed by
Mr. Gaétan Lavallière, P.Geo., Ph.D., Vice-President, and Mr.
Ronan Déroff, P.Geo., M.Sc., Senior Geologist, Project Manager and
Geomatician, both qualified persons as defined in National
Instrument 43 - 101. Mr. Lavallière approved the
information contained in this press release.
About Cartier Resources Inc.
Founded in 2006, Cartier Resources Inc. is an
exploration company based in Val-d’Or, Québec, Canada. The
Company’s projects are located in Québec, which consistently ranks
among the world’s best mining jurisdictions. Cartier is actively
advancing the development of its flagship East Cadillac Project and
is looking for business partners for its other projects. The
Company has significant corporate and institutional support,
including Agnico Eagle Mines, O3 Mining and provincial investment
funds.
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.
FIGURE 2
Photos accompanying this announcement are available at:
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