Business
Cartier Iron to Commence Winter Drill Program at Big Easy Gold Project, Newfoundland
TORONTO, March 04, 2020 (GLOBE NEWSWIRE) -- Cartier Iron Corporation (CSE: CFE) (“Cartier Iron”), is pleased to announce that it will be carrying out a 1,000m d
About this update from Cartier Silver Corporation
[{"type":"text","content":" TORONTO, March 04, 2020 (GLOBE NEWSWIRE) -- Cartier Iron Corporation (CSE: CFE) (“Cartier Iron”), is pleased to announce that it will be carrying out a 1,000m diamond drilling program to test the core of the Central IP chargeability anomaly at its Big Easy Gold project located on the Burin Peninsula in eastern Newfoundland. As previously reported (see December 20, 2018 press release), hole BE18-30 on the west edge of this anomaly intersected a major new anomalous alteration zone grading 0.11 g Au/t and 2.65 g Ag/t over 180.4m core length. The results from the reconnaissance drill program confirmed that the Central chargeability anomaly reflects an extensive zone of low sulphidation epithermal alteration and mineralization that is up to 200m wide with a depth extent of at least 250m (see January 17, 2019 press release). The zone is open along strike and downdip. The holes completed only tested the western and eastern edges of the anomaly due to the constraints of the bog. The current winter drill program will test the centre of the anomaly where the strongest chargeability responses are located. Cartier Iron has received all permits required for the drilling program from the Newfoundland and Labrador government. Tom Larsen, President & CEO of Cartier Iron, said: “Drilling will commence in mid-March. We will mobilize the drill by helicopter and will be employing state-of-the-art equipment including bog mats, a drill cutting collection system and a water filtration system to ensure that the impact of the drilling on the local environment is minimized.” Dr. Bill Pearson, P.Geo., Chief Technical Advisor, commented: “The new planned drill holes as shown in Figure 1, will test the core of the Central Chargeability anomaly. In addition, Hole BE18-32 will be deepened to provide a deeper cut across the mineralized zone. These new holes, combined with the previously drilled holes, will provide a good test across the entire 200+m width of the chargeability anomaly to a depth of at least 300m.” Figure 1: Cross Section of Central Chargeability Anomaly showing completed and proposed drill holes with a geological interpretation of the mineralized zone. Figure 2: Plan map of chargeability showing location of diamond drill hole cross section in Central Anomaly shown in Figure 1 with the propose...