Cartier Cuts Two New Zones at Chimo Mine Project
04 5월 2023 - 8:00PM
Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announce drill hole
results from the program that is in progress at the Chimo Mine
Project, where a recent (“PEA”) demonstrated its economic
viability. The Chimo Mine property, which is 100% owned by Cartier,
is located 45 km east of the Val-d'Or mining camp.
“The new results show the discovery potential of
the ‘West Chimo Mine’ sector which has seen very little drilling to
date; as well as the remainder of the property where gold-bearing
zones remain to be further drilled in order to increase their
dimensions with a view to fully optimize the resource growth
potential of the project,” commented Philippe Cloutier, President
and CEO.
“West Chimo Mine” Sector
(FIGURE 1):
- The New 5BW Gold
Zone, that is comprised of values such as
16.8 g/t Au /1.0 m,
6.0 g/t Au / 1.0
m and 1.2 g/t Au / 16.0 m (PHOTO 1), is situated
at 100 m west of Chimo mine drifts between depths of 75 m and 350 m
(Table 1). Two holes were drilled between depths of 150 m and 350
m, which assays are pending, in order to explore the vertical
extension.
- The New 6N1W Mineralized
Zone, is comprised of values such as
13.2 g/t Au / 0.5 m
and
6.0 g/t Au / 1.0
m included in 3.3 g/t Au / 5.0 m; all of which are included in a
wider interval of 42.0 m grading 0.9 g/t Au
(PHOTO 2). This new zone is situated only 50 m
west of Chimo mine drifts between depths of 450 m and 600 m. These
drill hole results add to the historical results presented in table
2 below. One drill hole is currently in progress in order to
explore the vertical extension of the zone between depths of 600 m
and 835 m.
The geometry of the Chimo Mine Gold
System should show a certain symmetry either side of the main
mineralized sector of the project currently known as the “Chimo
Mine” Sector. These first drill results, already suggest the
development of a good discovery potential in the “West Chimo Mine”
Sector, which is situated proximal to the Chimo mine
infrastructures and which have been little explored to date.
“East Chimo Mine” Sector
(FIGURE 1):
- New drill hole intersections that
increase the dimension of the gold-bearing zones of the “East Chimo
Mine” Sector (Table 1):
3E1 Gold Zone: 13.0
g/t Au / 1.0 m situated at a depth of 800 m
5BE Gold Zone: 9.7
g/t Au / 1.0 m included in 6.5 g/t Au / 2.0 m situated at a
depth of 650 m
Table 1: Detailed
information of new results:
Drill Hole |
CoordinatesUTM (°) |
Azimut (°)/Plunge (°) |
From(m) |
To(m) |
Au(g/t) |
Length(m) |
Gold Zone |
Gold Structure |
‘’West Chimo Mine’’ Sector – New 5BW Gold
Zone |
CH23-76 |
331426/5320136/340 |
220/-55 |
87.0 |
103.0 |
1.2 |
16.0 |
5BW |
5B |
CH23-81 |
331426/5320140/340 |
212/-71 |
145.0 |
146.0 |
6.0 |
1.0 |
and |
169.0 |
170.0 |
16.8 |
1.0 |
|
‘’West Chimo Mine’’ Sector – New 6N1W Mineralized
Zone |
CH19-61A |
331629/5320071/58 |
189/-71 |
599.0 |
641.0 |
0.9 |
42.0* |
6N1W |
6N1 |
including |
600.0 |
605.0 |
3.3 |
5.0* |
including |
604.0 |
605.0 |
6.0 |
1.0* |
including |
640.5 |
641.0 |
13.2 |
0.5* |
|
‘’East Chimo Mine’’ Sector – Increase of dimension of
gold-bearing zones |
CH22-58B |
332568/5320290/-228 |
203/-59 |
903.0 |
904.0 |
13.0 |
1.0 |
3E1 |
3 |
CH22-62W |
332668/5319956/51 |
205/-74 |
695.0 |
697.0 |
6.5 |
2.0 |
5BE |
5B |
including |
696.0 |
697.0 |
9.7 |
1.0 |
The lengths of the mineralized intersections are
expressed as lengths measured along the drill core.The estimated
true thickness of the mineralized intersections represents
approximately 65 to 85% of the measured length.* The estimated true
thickness of this mineralized intersection represents approximately
45% of the measured length.
Table 2: Detailed
information of historical results:
Drill Hole |
CoordinatesUTM (°) |
Azimut (°)/Plunge (°) |
From(m) |
To(m) |
Au(g/t) |
Length(m) |
Gold Zone |
Gold Structure |
CH19-61 |
331645/5320154/343 |
220/-55 |
472.5 |
492.5 |
1.0 |
20.0 |
6N1W |
6N1 |
Including |
472.5 |
477.0 |
2.6 |
4.5 |
Including |
473.5 |
474.0 |
14.4 |
0.5 |
The lengths of the mineralized intersections are
expressed as lengths measured along the drill core.The estimated
true thickness of the mineralized intersections represents
approximately 65 to 85% of the measured length.
With these results, the Chimo Mine Project,
currently being drilled over a length of 3.7 km by 1.6 km depth
(FIGURE 1), now consists of 30 gold-bearing zones
that are situated within 19 gold-bearing structures.
About Cartier Resources
Inc.
Cartier Resources Inc. was founded in 2006 and
is an advanced gold project exploration company based in Val-d’Or.
The company’s projects are all located in Quebec, which has
consistently ranked as one of the world’s best mining
jurisdictions. Cartier is advancing the development of its flagship
Chimo Mine Project. The Company has a strong cash position
exceeding $4.5 M and a significant corporate and institutional
endorsement, including Agnico Eagle Mines, O3 Mining and Quebec
investment funds.
Qualified Persons
The scientific and technical information on the
Company and the Chimo Mine Project in this news release was
prepared and reviewed by Mr. Gaétan Lavallière, P. Geo.,
Ph. D, Cartier’s Vice- President, and Mr. Ronan Déroff,
P. Geo, M. Sc., Cartier’s Senior Geologist, Project
Manager and Geomatician, both qualified persons as defined in NI
43-101. Mr. Lavallière approved the information contained in this
press release.
Quality Assurance / Quality
Control
Cartier inserts in the batches of samples sent
to the laboratory, 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-Boulé,
Quebec, Canada. Samples of 3 to 5 kg are crushed by the laboratory
up to 90% passing a mesh of 10 mesh (2.00 mm) then 500 g of sample
is pulverized up to 90% passing a mesh of 200 mesh (0.07mm). The 50
g pulps are analyzed by fire assay and are read by atomic
absorption. Samples with results ≥ 1.0 g/t and < 10.0 g/t are
re-assayed by fire assay and read by atomic absorption. Results
greater than or equal to 10.0 g/t Au are analyzed by fire assay
with gravimetric reading. For samples containing visible gold, 500
g of rock are analyzed by the “Metallic Sieve” method.
For more information, contact:Philippe Cloutier,
P. Geo.President and CEOTelephone:
819-856-0512philippe.cloutier@ressourcescartier.comwww.ressourcescartier.com |
|
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adequacy or accuracy of this press release.
A figure accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d233def3-ce9c-4f65-96a2-e02661133381
Cartier Resources (TSXV:ECR)
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Cartier Resources (TSXV:ECR)
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