Business
Cartier Resources Cuts 15.7 g/t Au over 3.0 m in New VG Zone of the Chimo Mine Project
Highlights of press release: New gold-bearing VG Zone including the following results: 15.7 g/t Au / 3.0 m including 75.9 g/t Au / 0.5 m and 10.5 g/t Au / 0.5 m
About this update from Cartier Resources Inc.
[{"type":"text","content":" Highlights of press release: New gold-bearing VG Zone including the following results: 15.7 g/t Au / 3.0 m including 75.9 g/t Au / 0.5 m and 10.5 g/t Au / 0.5 m 14.2 g/t Au / 1.0 m 6.4 g/t Au / 2.0 m 10.7 g/t Au / 0.8 m New VG Zone demonstrates potential of 15 km Gold Strike of the Chimo Mine Project VAL-D’OR, Quebec, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR, FSE: 6CA) (“Cartier”) announces drill results constituting the new VG Gold Zone, located north of the West Nordeau deposit (FIGURE 1) of the Chimo Mine Project (“ the Project ”). The Project, comprised of the Chimo Mine and East Cadillac properties is 100% owned by Cartier and located at 45 km east of the Val-d'Or mining camp. The VG Zone, currently made up of 5 high-grade gold drill intersections (Tables 1 and 2), is located between 75 m and 150 m depths (FIGURE 1). A drill intersection with similar gold grades is also present below the VG Zone, at a depth of 300 m, down-plunge of the mineralized zones of the Project. High-grade gold intersections are also present respectively at 275 m to the west and 550 m to the east of the VG Zone defining the VG Structure over a strike length of 850 m. « The gold results from this new VG Zone demonstrate the potential of the gold deposits, showings and intersections located along the 15 km favorable strike of the Chimo Mine Project (FIGURE 2) » commented Philippe Cloutier, President and CEO. Table 1: Detailed information of the new results Drill Hole CoordinatesUTM (m) Azimuth (°)/Plunge (°) From(m) To(m) Au(g/t) Length(m) Gold Zone Gold Structure Localisation: West Nordeau Sector – New VG Gold Zone CH23-93 333527/5319849/351 164/-45 97.7 100.7 15.7 3.0 VG VG Including 99.7 100.2 75.9 0.5 Including 100.2 100.7 10.5 0.5 CH23-88 183/-47 93.0 94.0 14.2 1.0 CH23-92 166/-51 107.5 109.5 6.4 2.0 CH23-84 197/-68 118.5 119.3 10.7 0.8 The lengths of the mineralized intersections are expressed as lengths measured along the drill core. The estimated true thickness of the mineralized intersections represents approximately 70 to 90% of the measured length. Table 2: Detailed information of historical drill results Drill Hole CoordinatesUTM (m) Azimuth (°)/Plunge (°) From(m) To(m) Au(g/t) Length(m) Gold Zone Gold Structure Localisation: West Nordeau Sector – New VG Gold Zone and Structure NW08-13 333526/5319948...