Cartier Resources (TSX.V: ECR)
Presented an update of the potential for the Chimo Mine Project, comprising the Chimo Mine and East Cadillac properties, the latter of which was acquired in the spring of 2022.
The Project, 100% owned by Cartier, is located at 45 km east of the Val-d’Or mining camp.
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Cartier Resources |
TSX.v : ECR |
Stage |
Exploration |
Metals |
Gold |
Market cap |
C$26.5 m @ 9.5 cents |
Location |
Quebec, Canada |
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CARTIER HIGHLIGHTS GOLD POTENTIAL OVER 15 KM STRIKE ON CHIMO MINE PROJECT
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Val-d’Or, August 3, 2023– Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) presents an update of the potential for the Chimo Mine Project (“The Project”), comprising the Chimo Mine and East Cadillac properties, the latter of which was acquired in the spring of 2022. The Project, 100% owned by Cartier, is located at 45 km east of the Val-d’Or mining camp.
The favorable context for discovery of Chimo Mine type gold mineralization, as defined by Cartier’s work over the past 10 years, occurs along a 15-km long east-south-east – west-north-west oriented strike.
The sector currently contributing to the Project’s recentPEA* andMineral Resource Estimate** occupy a 3.7 km long segment of which represents only 25% of this favorable strike length.
The favorable strike is marked by numerous historical drill hole intersections and several deposits, most only drilled to shallow depths, and all coincident within a string of MegaTEM anomalies.
Philippe Cloutier, President and CEO commented,
“This 15-km long stretch shows significant potential to increase resources and discover new gold zones on the Project.
“Drilling programs are ready and the Cartier’s team is currently reviewing multiple scenarios to rapidly showcase the value of the Chimo Mine Project”
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To read the full news release, please click HERE
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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
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Disclosure
At the time of writing the author holds no shares in Cartier Resources
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