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Cartier Silver Files NI 43-101 Technical Report by Micon for the Los Chorrillos (Gonalbert-Felizidad) Silver Project, Tupiza, Potosi Department, Southern Bolivia
TORONTO, May 09, 2023 (GLOBE NEWSWIRE) -- Cartier Silver Corporation (CSE:CFE) (“Cartier Silver” or the “Company”) is pleased to announce that the Company has f
About this update from Cartier Silver Corporation
[{"type":"text","content":" TORONTO, May 09, 2023 (GLOBE NEWSWIRE) -- Cartier Silver Corporation (CSE:CFE) (“Cartier Silver” or the “Company”) is pleased to announce that the Company has filed on SEDAR an independent technical report (“Technical Report”) by Micon International Limited (“Micon”), prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\"). This Technical Report, authored by Mr. Charley Murahwi, P.Geo., Pr. Sci. Nat., FAusIMM, of Micon, supports Cartier Silver’s planned exploration program at the Los Chorrillos (Gonalbert-Felizidad) Silver Project (“Los Chorrillos” or the “Project”), in the Potosí Department, southern Bolivia by Minera Cartier Bolivia S.R.L., Cartier Silver’s Bolivian subsidiary. The Technical Report will also be posted on the Company’s website, www.cartiersilvercorp.com. In the Technical Report, Micon concludes: “In summary, the following factors qualify Los Chorrillos as a property of merit warranting detailed investigations to unravel its full potential: Favourable geological/metallogenic setting. Clear visual evidence of mineralization at surface and shallow underground workings offering opportunities for both open pit and underground exploitation. Presence of a current flourishing producing artisanal mine, which although small, could get better/bigger with detailed exploration and capital injection.” Micon further noted: “The above resource/reserve potential attributes are enhanced by the following infrastructural advantages: Proximity to established power grids, domestic paved roads, and rail transportation routes. Easy access to Northern Chilean seaports (Somarco and Portezuelo). Road and rail access to 3 Bolivian smelters – Vinto, OMSA and Karachipampa. Overall, Micon is of the opinion that detailed exploration/investigation of the Los Chorrillos will likely yield positive results towards establishing a much larger viable mining venture.” A two-phase exploration program is recommended in the Technical Report. Phase I includes targeted exploration, geoscientific studies (Induced Polarization and Magnetometry) and limited sampling and is estimated at CDN$400,000. The Phase II exploration program, which is contingent on the successful completion of Phase 1, includes 5,000m of diamond drilling and is estimated to cost CDN$2,000,000. Micon concludes that the budge...