Cartier Resources Inc. (TSX.V: ECR)
Announced the results of Abitibi Geophysique Inc.’s InfiniTEM® XL geophysical survey and subsequent drilling on the Benoist property, located 65 km northeast of Lebel-sur-Quévillon, Quebec, Canada.
The programs aimed to further develop the potential of the project following the results of the first NI 43-101 resource estimate1, published on January 29, 2021.
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Cartier Resources | TSX.v : ECR |
Stage | Exploration |
Metals | Gold |
Market cap | C$33 m @ 15 cents |
Location | Quebec, Canada |
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CARTIER ANNOUNCES GEOPHYSICAL AND DRILLING RESULTS ON THE BENOIST PROPERTY
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Val-d’Or, November 26, 2021– Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the “Company”) announces the results of Abitibi Geophysique Inc.’s InfiniTEM® XL geophysical survey and subsequent drilling on the Benoist property, located 65 km northeast of Lebel-sur-Quévillon, Quebec, Canada.
The programs aimed to further develop the potential of the project following the results of the first NI 43-101 resource estimate1, published on January 29, 2021.
1: Cartier files on SEDAR the NI43-101 technical report of the mineral resource estimate of the
The surface geophysical survey and geophysical surveys carried out in the drill holes, outlined a zone of anomalous conductance associated with the presence of weakly conductive mineralization, peripheral to the Pusticamica deposit over a strike length of 3.0 km and 350 m wide, located under Lake Pusticamica.
The drill program, carried out between January 5 and September 30, 2021, consisted of 27 holes for a total of 17,000 m.
The two phases of the program are as follows:
- 10 holes were drilled along the lateral extension of the Pusticamica gold deposit within the anomalous conductance zone to explore its gold potential with a view to discovering new deposits. The drill holes tested beneath Lake Pusticamica at depths between 150 m to 500 m (FIGURE 3), 85% of the surface of the currently known potential gold corridor with an average spacing of 200 m.
- 17 deep holes were completed along the depth extension of the Pusticamica gold deposit, between 700 m and 1,300 m (FIGURE 3), with the objective of increasing the size of the deposit and/or discovering new gold zones. The resources1of the Pusticamica Gold deposit include 134,400 oz Au in the indicated category and 107,000 oz Au in the inferred category.
- All of the drill holes beneath the Pusticamica deposit intersected sulphides and alteration Zone (FIGURE 4) over an area 1,400 m in length (dipping 60 degrees towards the southwest) by 300 m in width with thicknesses estimated between 21 m to 39 m with weighted average grades respectively of 0.66 g/t Au and 0.40 g/t Au.
- Additional drill results are pending.
Cartier Resources management comments
“The Benoist mineralized system, as demonstrated by the recent drilling, is present over a strike-length of 3 km, attains widths of 350 m and reaches a depth of 1 300 m and is still open.
” It includes the resources1of the Pusticamica deposit. However, the 2021 drilling did not identify additional high-grade zones.
” We continue to receive results and will re-appraise the Benoist project potential at the completion of all drilling data”
Philippe Cloutier, President and CEO.
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