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Cartier Iron Reports on Diamond Drill Program on the Low Sulphidation Gold-Silver Epithermal System at Big Easy, Newfoundland
TORONTO, May 10, 2022 (GLOBE NEWSWIRE) -- Cartier Iron Corporation (CSE:CFE) (“Cartier Iron” or the “Company”) provides an update on its diamond drilling progra
About this update from Cartier Silver Corporation
[{"type":"text","content":" TORONTO, May 10, 2022 (GLOBE NEWSWIRE) -- Cartier Iron Corporation (CSE:CFE) (“Cartier Iron” or the “Company”) provides an update on its diamond drilling program at its wholly-owned Big Easy property, located near Clarenville, in eastern Newfoundland. The Company carried out a 17-hole diamond drill program totaling 9,470.6m in winter 2022 to test significant resistivity anomalies along a major north-northeast trending structural break outlined by the Controlled Source Audio Magneto-Telluric (“CSAMT”) survey in the Central Anomaly – Big Easy Showing Area. Ten (10) of the drill holes tested the Central Anomaly area, three (3), the Central North Anomaly and four (4), the Big Easy South Anomaly (see Table 3 below). Collectively these reconnaissance drill holes tested CSAMT resistivity anomalies over a strike length of 2.4km as shown in Figure 1. All the drill holes intersected wide sections up to 150m thick of interbedded rhyolites and siltstones in the lower part of the Musgravetown Group. The rhyolite units are typically extensively brecciated and cut by quartz veins with fine pyrite mineralization and local black sulfosalts. Hydrothermal alteration is very extensive consisting primarily of silicification and phengite micas. Visually the intersections looked promising however assay results returned only geochemically anomalous values of silver with very little gold as shown in Tables 1 and 2. Table 1: Significant Intervals Geochemically Anomalous Silver (> 1.0 g/t) or gold (> 0.01 g/t), Big Easy. DRILLHOLE ID FROM (m) TO (m) LENGTH *(m) SILVER GRADE ** (g/t) GOLD GRADE ** (g/t) BE-21-37 381.0 414.3 33.3 2.1 0.01 BE-21-38 371.9 392.9 21.0 2.4 0.03 BE-21-38 396.9 404.0 7.1 1.5 0.01 BE-21-39 419.3 426.8 20.5 0.8 0.01 BE-21-39 428.0 441.0 5.7 1.9 0.03 BE-21-40 366.0 371.2 5.2 0.6 0.01 BE-21-41 460.1 465.2 5.1 0.3 0.01 BE-22-49 47.7 54.0 6.3 1.8 0.02 BE-22-50 139.0 141.4 2.4 1.0 0.08 incl. 139.0 140.0 1.0 <0.5 0.18 172.0 178.0 6.0 <0.5 0.02 Notes: * Lengths reflect downhole lengths. True widths are not known at this time. ** Anomalous intercepts are defined as zones of continuous above background gold (0.01 g/t) or silver (1 g/t) with no breaks in anomalous levels greater than 1.0 meter in length. Dr. Bill Pearson, P.Geo., Chief Technical Advisor for Cartier Iron commented: “Previous drilling in the Central Anomaly ...