Cartier Highlights 15km Gold Potential at Chimo

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

 

 

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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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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds no shares in Cartier Resources

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To read our full terms and conditions, please click HERE

 

 



Cartier Closes Its CAD$204,000 Financing

Cartier Resources(TSX.V: ECR)

Announced that it has closed its previously announced private placement for aggregate gross proceeds of $204,000.

1,457,143 common shares of Cartier were issued at a price of $0.14 per Common share. 

 

 

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Cartier Resources logo

 

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CARTIER CLOSES PRIVATE PLACEMENT FINANCING

 

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Val-d’Or,Québec, May 9,2023– Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the “Company”) announces that it has closed its previously announced private placement (the “Private Placement”) for aggregate gross proceeds of $204,000.

1,457,143 common shares of Cartier (each, a “Common Share”) were issued at a price of $0.14 per Common share. Agnico Eagle now owns approximately 15.55% of the issued and outstanding Common Shares on a non-diluted basis and 17.33% of the issued and outstanding Common Shares on a partially-diluted basis.

The proceeds from the Private Placement are expected to be used for exploration at Cartier’s Chimo Mine project in the Val-d’Or Mining Camp in Quebec.

The securities issued under the Private Placement will be subject to a four (4) month statutory hold period.

 

About Cartier Resources

Cartier Resources Inc. was founded in 2006, and is an exploration company based in Val-d’Or.

Cartier’s projects are all located in Quebec, which regularly ranks among the best mining jurisdictions in the world. Cartier is advancing the development of its flagship Chimo Mine project and actively exploring its other projects.

Cartier has a solid cash position exceeding $4.0M and significant corporate and institutional supports, notably with Agnico Eagle, O3 Mining and the Quebec investment funds.

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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

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Cartier TResources

..

To read our full terms and conditions, please click HERE



Cartier Resources East Chimo Drill Results

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.

 

* NI 43-101 Mineral Resources Estimate for Chimo Mine and West Nordeau Gold Deposits, Québec, Canada, Vincent Nadeau-Benoit, P.Geo., Alain Carrier, P.Geo., M.Sc. and Marc R. Beauvais, P.Eng., InnovExplo Inc., August 22nd, 2022.

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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

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds no shares in Cartier Resources.

.

.

To read our full terms and conditions, please click HERE

 

 



Cartier Resources C$2.7 m Financing

Cartier Resources (TSX.V: ECR)

Announced that it has completed a non-brokered private placement of aggregate gross proceeds of C$2,700,159 million.

Under the Private Placement, the Company issued 22,501,333 flow through common shares at a price of C$0.12 per FT Share. 

Cartier Resources Inc.

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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 Resources Completes a C$2.7m FT Financing

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VAL-D’OR, Québec, Oct. 28, 2022 (GLOBE NEWSWIRE) — Val-d’Or, Québec, October 28, 2022 – Cartier Resources Inc. (TSX.V: ECR) (“Cartier” or the “Company”) announces that it has completed a non-brokered private placement of aggregate gross proceeds of $2,700,159 million (the “Private Placement”).

Under the Private Placement, the Company issued 22,501,333 flow through common shares (the “FT Shares”) at a price of $0.12 per FT Share. The FT Shares will qualify as “flow through shares” for the purposes of the Income Tax Act (Canada) (the “Tax Act”).

The gross proceeds of the Private Placement will be used to incur “Canadian exploration expenses” which qualify as “flow through mining expenditures” (within the meaning of the Tax Act). The Company will renounce these expenses with an effective date no later than December 31, 2022 to the purchasers of the FT Shares.

In connection with the Private Placement, the Company paid a finder’s fee to Mine Equities Ltd., an exempt market dealer, comprised of an amount of $81,004 in cash and 900,053 common shares of the Company.

The closing of the Private Placement is subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a hold period of four months and one day in accordance with applicable Canadian securities laws.

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About Cartier Resources Inc.

Cartier Resources is a Val-d’Or, Quebec based exploration company, where the company’s projects are all located.

Cartier is focused on advancing the development of its flagship Chimo Mine Project and actively exploring its other projects.

Following this financing, the Company increased its strong cash position to more than $8.5 M and has significant corporate and institutional endorsement, including Agnico Eagle Mines, O3 Mining and Quebec investment funds.

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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

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds No shares in Cartier Resources.

.

.

To read our full terms and conditions, please click HERE