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Cartier Files NI 43-101 Technical Report on SEDAR for First Mineral Resource Estimate of the Central Gold Corridor on the Chimo Mine property
VAL-D’OR, Quebec, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announces that it has filed on SEDAR the technical report ti
About this update from Cartier Resources Inc.
[{"type":"text","content":" VAL-D’OR, Quebec, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announces that it has filed on SEDAR the technical report titled \"NI 43-101 Technical Report and Mineral Resource Estimate, Chimo Mine Project, Central Gold Corridor, Val-d'Or, Quebec, Canada\", bearing the date of signature of the 17 December 2019. The NI 43-101 compliant report, completed by GeoPointCom Inc. for Cartier, includes the mineral resource estimate for the Central Gold Corridor property along the Larder Lake - Cadillac Fault, 45 km to east of Val-d'Or. The report is available on SEDAR and on the Company's website. Highlights as previously reported in the November 5th 2019 press release : The Central Gold Corridor resource estimate for the Chimo Mine property (FIGURE 1) was produced using a gold price of US $ 1,292 per ounce and a cut-off grade of 2.5 g/t Au:- 461,280 ounces of gold in the indicated resource category from 3,263,300 tonnes at an average grade of 4.40 g/t Au;- 417,250 ounces of gold in the inferred resource category from 3,681,600 tonnes at an average grade of 3.53 g/t Au; Work on expanding resources is underway via:- The estimate of the resources of the North Gold Corridor and South Gold Corridor (FIGURE 2);- The completion of the 7,000 m exploration drill program, using 2 drills, along the geometric extensions below the new Zones 5B4-5M4-5NE (FIGURE 1);- Ongoing planning of the 4,000 m Phase IV drill program on the peripheral extensions of Zone 6N1 (FIGURE 3), which is only 125 m away from underground infrastructure. The table of the sensitivity of the cut-off grade on the gold resources (FIGURE 1) is presented below: MINE CHIMO PROJECT – CENTRAL GOLD CORRIDOR Indicated Resources Inferred Resources Cut-Off grade(g/t Au) Metric ton (t) Grade (g/t Au) Troy Ounce (oz) Metric ton (t) Grade (g/t Au) Troy Ounce (oz) 1.5 6,157,300 3.24 642,060 8,520,400 2.62 716,570 2.0 4,479,300 3.81 548,380 5,591,300 3.09 555,530 2.5 3,263,300 4.40 461,280 3,681,600 3.53 417,250 3.0 2,389,100 5.01 384,540 2,347,800 3.97 299,800 3.5 1,759,400 5.63 318,680 1,199,000 4.66 179,470 4.0 1,255,900 6.40 258,410 728,300 5.25 122,950 The table above illustrates the sensitivity of this mineral resource estimate to different cut-off grades for an underground ope...