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Cartier Resources awards NI 43-101 resource estimate contract for the Benoist Project
VAL-D’OR, Quebec, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) has awarded InnovExplo the contract to produce a resource es
About this update from Cartier Resources Inc.
[{"type":"text","content":" VAL-D’OR, Quebec, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) has awarded InnovExplo the contract to produce a resource estimate for the Pusticamica deposit on the Company’s Benoist Property and to prepare a supporting technical report in accordance with National Instrument 43-101 (“NI 43-101”). The property is located 65 km northeast of Lebel-sur-Quévillon in the province of Québec. Over the past few months, InnovExplo has worked closely with Cartier staff, particularly Ronan Déroff, P.Geo., Senior Geomatician, to build a 3D gold mineralization model for the Benoist Property. This newly structured database will speed up InnovExplo’s data modelling that will form the basis of the resource estimate. “Thanks to these efforts, we can now move to the stage of NI 43-101 technical reporting and mineral resource estimation. The work has also allowed us to design the drilling campaign that we are currently setting up in the field,” commented Philippe Cloutier, President and CEO. Features of the Benoist Project The Benoist property hosts the Pusticamica gold deposit, which also contains copper and silver concentrations. This mineralization has all the typical characteristics sought by Cartier and as at the Chimo Mine project could rapidly outline high-tonnage mineralization. Cartier holds a 100% interest in the property for which 2.5% net smelter return (“NSR”) royalties have been awarded of which 2.0% is redeemable at any time for C$2M. The property, which is accessible year-round via forestry road 3000, is located near the mills of the Langlois and Bachelor mines and the future mill of Osisko Mining’s Windfall Project. Work to date on the property consists of 93 boreholes totalling 32,356 m, resulting in 14,243 samples collected over a sampled length of 14,647 m. About Cartier Cartier Resources Inc., founded in 2006, is based in Val-d’Or, Quebec. The province has consistently ranked as one of the world’s best mining jurisdictions, primarily because of its favourable geology, attractive fiscal environment, and pro-mining government. The Company has a strong cash position with more than $13.5 million and a significant corporate and institutional endorsement, including Agnico Eagle Mines, Merian Global, and Quebec investment funds. Cartier’s strategy is to focus on gold projects with features that of...