Cartier Resources Inc. (TSX-V: ECR) announces values of 5.0 g/t Au over 10.9 m included within 26.1 m grading 2.5 g/t Au intersected at a distance of 250 m below Zones 5B4-5M4-5NE of the Chimo Mine gold property located 45 km east of Val-d’Or, Quebec.
Values of 9.5 g/t Au over 2.0 m, included within 15.8 m grading 2.0 g/t Au, were also obtained 350 m below the new Zones 5B4-5M4-5NE (FIGURE 1). Thirty meters (30 m) south of Zones 5B4-5M4-5NE, a new zone, named Zone 5CE, was intersected and returned an intersection grading 11.9 g/t Au over 2.0 m.
“These new results indicate that the gold mineralization of interest is open in all directions below Zones 5B4-5M4-5NE drilled to date from the surface up to a depth of 1.3 km” commented Philippe Cloutier, President and Chief Executive Officer.
The details of the new results are as follows:
|Drill Hole||Drill Hole Collar Coordinates (m)
|Collar Azimuth (°)
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 70 to 85% of the measured length.
Recall that in the NI 43-101 Technical Report, dated December 17th 2019, using a gold price of US $ 1,292 /ounce and a cut-off grade of 2.5 g/t Au the Central Gold Corridor resource estimate for the Chimo Mine property (FIGURE 1), reported :
Work on expanding resources of the Chimo Mine Project is in progress underway via:
About Chimo Mine Project
Cartier Resources was founded in 2006 and is based out of Val-d’Or, Quebec. Quebec has consistently ranked high as one of the best mining jurisdictions in the world primarily based on its mineral rich geology, attractive tax environment, and pro-mining government.
The scientific and technical informations of the Company and the Chimo Mine Project, included in this new 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 this press release.
The independent qualified person for the issuer, responsible for the estimation of mineral resources, as defined in NI 43-101, is Mr. Christian D’Amours, P. Geo., B.A.Sc., President of GeoPointCom.
Quality Assurance / Quality Control
The analytical results, derived from Cartier’s drilling, were obtained from samples measured along the drill core. The estimated true thickness averages about 65% of the measured apparent length. NQ core samples are crushed up to 80% passing an 8 mesh (3.33 mm) and then pulverized up to 90% passing a mesh of 200 mesh (0.07 mm). 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, 1,000 g of rock are analyzed by the ” Metallic Sieve ” method.
A photo accompanying this announcement is available at
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We acknowledge the [financial] support of the Government of Canada.