Cartier Resources Inc. (TSX.V: ECR)
Have signed a Mineral Exploration Agreement with The Cree First Nation of Waswanipi to facilitate the exploration of the Benoist project.
The MEA puts in place a framework for the CFNW and Cartier to work together before, during, and after, the exploration activities within the CFNW traditional territory.
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| Cartier Resources | TSX.v : ECR |
| Stage | Exploration |
| Metals | Gold |
| Market cap | C$49 m @ 23 c |
| Location | Quebec, Canada |
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Comment
Having known Philippe Cloutier for many years, this news does not surprise me.
Philippe is a true gentleman, and I would imagine his honesty and sincerity made agreement with the CFNW a straightforward exercise.
These agreements are important to preserve the unique way of life of the First Nations communities in Canada, and one hopes that both the company and the CFNW benefit from this agreement in time moving forward.
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Cartier Resources Signs Mineral Exploration Agreement With The Cree First Nation of Waswanipi
| Source: Cartier Resources Inc.
VAL-D’OR, Quebec, Dec. 09, 2020 – Cartier Resources Inc. (TSX.V: ECR) and The Cree First Nation of Waswanipi (“CFNW”) have entered into a Mineral Exploration Agreement (“MEA”) to facilitate the exploration of the Benoist project.
The MEA puts in place a framework for the CFNW and Cartier to work together before, during, and after, the exploration activities within the CFNW traditional territory.
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“The Paix des Braves agreement established a proper consultation process for forestry activities which allows for the protection and mitigation of sites of special wildlife interests essential to the sustainability of our Cree way of life.” stated Chief Marcel Happyjack. “The MEA defines a simple framework, based on trust and communication, facilitating consultation and sharing of traditional knowledge with Cartier before, during, and after the exploration activities are completed. A big step forward in meaningful consultation during the prospection and exploration stages of mining. I thank Mr. Cloutier for his genuine approach and understanding of our social and cultural reality.”
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“This framework agreement is part of our company’s approach to sound governance and underlines the respect we have for the Cree First Nation of Waswanipi. Communication of the progress of exploration activities of the Benoist project will be shared in real time with CFNW. I thank Chief Happyjack as well as the council for his support in this process.”
– Philippe Cloutier, President and CEO.
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About Cartier
Cartier Resources Inc., founded in 2006, is based in Val-d’Or, Quebec. The province has consistently ranked as one of the world’s best mining jurisdictions, primarily because of its favourable geology, attractive fiscal environment, and pro-mining government.
- The Company has a strong cash position with more than $13.5 million and a significant corporate and institutional endorsement, including Agnico Eagle Mines, Merian Global, and Quebec investment funds.
- Cartier’s strategy is to focus on gold projects with features that offer the potential for rapid growth.
- The Company holds a portfolio of exploration projects in the Abitibi Greenstone Belt of Quebec, one of the world’s most prolific mining regions.
- The Company’s focus is to advance its four key projects through drilling programs. All of the projects were acquired at reasonable costs in recent years and are drill-ready with targets along the geometric extensions of gold deposits.
- Exploration work is currently focused on the Chimo Mine and Benoist properties to maximize value for investors. The Company is preparing the next phase of exploration work, which will entail drilling programs on the Benoist, Fenton and Wilson properties.
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