Cartier Resources Inc. (TSX.V: ECR)
Announced drill results in the East Chimo Mine Sector, located at the midpoint of 450 m between the Chimo Mine and West Nordeau sectors.
The results are located on the Chimo Mine Property, 100% owned by Cartier, which is located 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 |
DRILLING EXPANDS DIMENSIONS OF GOLD ZONES OF EAST CHIMO MINE SECTOR
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Val-d’Or, February 14th, 2023 – Cartier Resources Inc. (TSX.V: ECR) (“Cartier”) announces drill results in the East Chimo Mine Sector, located at the midpoint of 450 m between the Chimo Mine and West Nordeau sectors (FIGURE 1).
The results are located on the Chimo Mine Property, 100% owned by Cartier, which is located 45 km east of the Val-d’Or mining camp.
The results for the current drilling program in the East Chimo Mine Sector expand dimension of the gold zones as follows:
- In the 5NE Gold Zone, drilling intersected 5.2 g/t Au over 4.0 m including 16.5 g/t Au over 0.5 m. This intersection increases the length of Zone 5NE by 320 m, which now has a total length of 1,150 m.
- In the 5BS Gold Zone, drilling intersected 3.9 g/t Au over 6.9 m including 9.0 g/t Au over 1.0 m. This intersection increases the length of Zone 5BS by 110m, which now has a total length of 350 m.
- Detailed results are presented in the table below.
« The results confirm the continuity of the mineralization of the gold zones of the East Chimo Mine Sector, which is in line with the goal of this drill program to increase the resources on the project » commented Philippe Cloutier, President and CEO.
The Chimo Mine Project now consists of 29 gold zones that are situated within 19 gold structures, drilled over a strike length of 3.7 km and locally up to a depth of 1.6 km (FIGURE 2) where the recent mineral resource estimate, dated August 22, 2022*, reported:
- 7,128,000 tonnes at an average grade of 3.14 g/t Au for a total of 720,000 ounces of gold in the Indicated category and;
- 18,475,000 tonnes at an average grade of 2.75 g/t Au for a total of 1,633,000 ounces of gold in the Inferred category.
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