Val-d’Or, June 6, 2023– Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announces drill hole results from the program that is in progress at the Chimo Mine Project.

The new results are from the West Chimo Mine sector, located between the main underground infrastructures of the Chimo mine and up to 550 m west of them (FIGURE 1)

The Chimo Mine property, which is 100% owned by Cartier, is located 45 km east of the Val-d’Or mining camp.

Highlights of the press release

• Continuity of the 4BW Gold Zone:

• 3.7 g/t Au / 6.0 m including 20.2 g/t Au / 1.0 m
• 1.6 g/t Au / 15.0 m including 22.8 g/t Au / 0.5 m

• New Gold Intersections:

5N Gold Structure:

• 4.5 g/t Au / 5.0 m including 14.7 g/t Au / 1.0 m
• 3.3 g/t Au / 3.0 m including 7.4 g/t Au / 1.0 m

6 Gold Structure:

• 2.5 g/t Au / 13.3 m including 8.9 g/t Au / 0.5 m
• Two drills are currently operating on the property (however, drilling has been temporarily suspended since June 1, 2023 due to intense forest fire activity in Quebec)

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Philippe Cloutier, President and CEO Cartier Resources stated;

“These drill results in the West Chimo Mine sector clearly reveal the discovery potential of this new exploration sector, adjacent to the underground infrastructures of the Chimo mine.

 

“This sector has limited historical exploration and the gold zones known to date must be drilled further to increase their dimensions in order to optimize the full potential for increasing the resources of the Chimo Mine Project.”

‘’West Chimo Mine’’ Sector(FIGURE 1):

• Continuity below the 4BW Gold Zone

Drilling intersected 3.7 g/t Au over 6.0 m including 20.2 g/t Au over 1.0 m and 1.6 g/t Au over 15.0 m including 22.8 g/t Au over 0.5 m.  These new results, located below the 4BW Gold Zone (FIGURE 1), demonstrate the continuity at depth in order to increase its dimensions and resources.

• New gold-bearing intersections within the 5N Structure

Drilling intersected 4.5 g/t Au over 5.0 m including 14.7 g/t Au over 1.0 m and 3.3 g/t Au over 3.0 m including 7.4 g/t Au over 1.0 m.  These new results, located 300 m west of the Chimo mine underground infrastructures, add to the historical results of 1.3 g/t Au over 13.7 m (Drill Hole 175-108) and 1.7 g/t Au over 7.8 m (Drill Hole 01-84-64) outlining the occurrence of a potential new gold zone.

• New gold-bearing intersections within the 6 Structure

Drilling intersected 2.5 g/t Au over 13.3 m including 8.9 g/t Au over 0.5 m. These new results, located 350 m west of the Chimo mine underground infrastructures, add to the historical results of 1.6 g/t Au over 7.1 m including 5.1 g/t Au over 0.5 m (Drill Hole 07-87-32) in the 6 Gold Structure.

The geometry of the Chimo Mine gold system should present a certain symmetry on either side of the main mineralized sector, called the Main Chimo Mine sector. (FIGURE 1).  These drill results suggest the development of good discovery potential in the West Chimo Mine sector, which is located near the Chimo mine infrastructure and which has been very little explored to date.

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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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