Cartier Resources {TSX.V: ECR}

At the request of the Investment Industry Regulatory Organization of Canada, Cartier Resources Inc. wishes to retract and clarify certain disclosure in its Jan. 15, 2019, news release.

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2019-01-16 08:18 ET – News Release

Dr. Gaetan Lavalliere reports

 

RETRACTION AND CLARIFICATION OF DISCLOSURE IN JANUARY 15, 2018 NEWS RELEASE

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At the request of the Investment Industry Regulatory Organization of Canada, Cartier Resources Inc. {TSX.V: ECR} wishes to retract and clarify certain disclosure in its Jan. 15, 2019, news release.

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Specifically, the disclosure “doubling resource potential” is a violation of NI 43-101, 2.3(1)(a) {A –} Restricted Disclosure, as “resource potential” is not a recognized term for Canadian securities legislation, nor can “resource potential” be “doubled” and is therefore misleading. All references to “resource potential” and “doubling resource potential” are retracted. The drill results disclosed in the news release should have been disclosed as exploration results and are accordingly clarified in this release.

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Plan, Transverse Section and Longitudinal Section of Chimo Mine Project: Zones 5, 6N1

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Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) reports exploration results in compliance with NI 43-101, 3.3 {A –} Requirements Applicable to Written Disclosure of Exploration Information, the following: drill results grading 12.4 g/t Au over 5.0 m included within 5.9 g/t Au over 12.0 m and within a broader section of 45.5 m grading 2.0 g/t Au on the Chimo Mine property, located 45 km east of Val-d’Or. The new 5M4 Zone returned 15.8 g/t Au over 1.0 m included in 2.2 g/t Au over 22.0 m. The position of the intersections, at a depth of 700 m, extends the mineralised Zones 5NE and 5M4 350 m ( FIGURE ) below previous drill intersections.

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Zones 5NE and 5M4, located at the eastern end of the property, are only 25 m apart. The drill hole intersection of 2.0 g/t Au over 45.5 m generates a metal factor of 91, which offers additional options for considering an economic outlook. These new zones could be accessible via 450 m of development from existing mining infrastructures. The FIGURE illustrates the shape of the mineralised zones known to date at Chimo Mine and ongoing exploration aims to further increase their dimensions.

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” The results obtained so far confirm the importance of continuing to explore this project in order to increase the number of mineralized gold zones as well as their dimensions. “ commented Philippe Cloutier, President and CEO.

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The details of the new results received from the laboratory are as follows:

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 Drill Hole        From(m)  To(m)  Length (m)  Au(g/t)    Gold Zone  Gold Structure  
CH18-52E1         768,0    773.0  5.0         12.4       5NE        5N              
Included within   761.0    773.0  12.0        5.9                                   
Included within   740.5    786.0  45.5        2.0                                   
CH18-52E1         813.0    814.0  1.0         15.8       5M4        5M              
Included within   805.0    827.0  22.0        2.2                                   
CH18-52           758.0    759.0  1.0         10.9       5NE        5N              
Included within   757.0    772.9  15.9        1.6                                   
Lengths are expressed along drill core axis.  The true thickness was not determined.

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The Phase II drilling program currently underway is focused on the resource development potential of 7 peripheral gold zones to the main cluster of Zones 5. This program consists of 40 drill holes totaling 15,000 m.

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About Cartier

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. In 2017, the Fraser Institute again ranked Quebec as one of the best jurisdictions in the world for investment attractiveness.

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Quality Assurance / Quality Control

All lengths, mentioned in this press release, were measured along the drill core. The NQ core samples are crushed up to 80% passing 8 mesh sieves and then pulverized up to 90% passing a 200-mesh sieve. Cartier inserts 5% of the number of samples in the form of certified standards and another 5% in the form of sterile samples to ensure quality control. The samples are analyzed at the Techni-Lab laboratory (Actlabs), located in Ste-Germaine-Boule, Quebec. The 50 g pulps are analysed by fire assay and atomic absorption. For samples containing visible gold, 1,000 g of rock are directly analysed by the “Metallic Sieve” method.

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The scientific and/or technical information presented in this press release has been reviewed and approved by Mr. Gaetan Lavalliere, P. Geo., Ph. D. and Vice President for Cartier Resources. Mr. Lavalliere is a qualified person as defined by National Instrument 43-101.

 

 

 

 

 

 

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