Cartier Resources Inc. (TSX-V: ECR) announces values of 20.8 g/t Au over 4.0 m included within 9.4 g/t Au over 11.0 m, also included within 6.7 g/t Au over 16.0 m, intersected at a distance of 500 m below the new Zones 5B4-5M4-5NE of the Chimo Mine Property, located 45 km east of Val-d’Or.
″These new results indicate that the gold mineralisation is open in all directions below Zones 5B4-5M4-5NE which have been drilled to date from surface to a depth of 1,3 00 m ″ commented Philippe Cloutier, President and CEO, adding ″ growing the dimensions of the cluster of Zones 5B4-5M4-5NE is an important addition to the development potential of the project ″.
A 12.8 m interval grading 1.1 g/t Au was also intersected 250 m below the new Zones 5B4-5M4-5NE. At 30 m south of Zones 5B4-5M4-5NE, the new Zone 5CE returned a 19.5 m interval grading 1.3 g/t Au indicating the presence of a gold-bearing shoot hosting higher grade gold sections.
The details of the new results are as follows:
|Drill Hole||Drill Hole Collar Coordinate (m)
|Azimut (°) / Dip (°)||From
|Gold Zone||Gold Structure|
|CH19-55B||332529/5320363/-518||200 / -66||1,371.0||1,375.0||4.0||20.8||5B4||5B|
|CH19-54BW||332577/5320163/-459||199 / -49||1,120.0||1,132.8||12.8||1.1|
|CH19-54B||332623/5320281/-268||200 / -71||1,161.5||1,181.0||19.5||1.3||5CE||5C|
The lengths of the mineralized intersections are expressed in lengths measured along the drill core. The estimated true thickness of the mineralized intersections represents approximately 85 to 90% of the measured length.
Recall that, on May 5th 2020, using a price of gold of 1,300 $ US / oz and a cut-off grade of 2.5 g/t Au, the Chimo Mine property now hosts mineral resources of (FIGURE):
2.5 g/t Au
|Indicated Resources||Inferred Resources|
|Metric Tonnes (t)||Grade
|Troy Ounce (oz)||Metric Tonnes (t)||Grade
|Troy Ounces (oz)|
Zones 5B4-5M4-5NE and 5CE, situated 450 m east of the underground infrastructures are being drilled in order to increase the resource over a distance of 550 m below known zones. The length of this cluster of gold-bearing zones is known over 1,300 m.
As well, internal engineering studies and tests of industrial sorting of the mineralization are in progress in order to assess possibilities of cost reduction while increasing gold ounce recuperation, which in turn could contribute to increasing the mineral resource of the property. The first internal engineering study was completed with positive conclusions.
About Chimo Mine Project
About Cartier Resources Inc.
Cartier Resources Inc., founded in 2006, is based in Val-d’Or, Quebec. The province has consistently ranked as one of the best mining jurisdictions in the world, primarily because of its favorable geology, attractive fiscal environment and pro-mining government.
The scientific and technical information of the Company and the Chimo Mine Project, included in this news release, have been prepared and reviewed by MM. Gaétan Lavallière, P. Geo., Ph. D., Vice President and Ronan Déroff, P. Geo, M. Sc., Senior Geologist, Project Manager and Geomatician, Qualified Persons as defined by NI 43-101. Mr. Lavallière approved the information contained in the press release.
Quality Assurance / Quality Control
The analytical results, derived from Cartier’s drilling, were obtained from samples measured along the drill core. NQ core samples are crushed up to 80% passing an 8 mesh and then pulverized up to 90% passing a mesh of 200 mesh. Cartier inserts 5% of the number of samples in the form of certified standards and another 5% in the form of blank samples to ensure quality control. The samples are analyzed at the Techni-Lab laboratory (Actlabs), located in Ste-Germaine-Boulé, Quebec. The 50 g pulps are analyzed by fire assay and read by atomic absorption, followed by gravimetry for results above 5.0 g/t Au. For samples containing visible gold, 1000 g of rock are analyzed by the ” Metallic Sieve ” method.
A photo accompanying this announcement is available at
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