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Cartier Resources Cuts 16.5 g/t Au over 4.5 m at Chimo Mine 500 m below the New Zones 5B4-5M4-5NE
Highlights: Mineralised intersection of 32.0 g/t Au over 2.0 m included within 16.5 g/t Au over 4.5 m, also included within 7.1 g/t Au over 12.1 m, located 500
About this update from Cartier Resources Inc.
[{"type":"text","content":" Highlights: Mineralised intersection of 32.0 g/t Au over 2.0 m included within 16.5 g/t Au over 4.5 m, also included within 7.1 g/t Au over 12.1 m, located 500 m below the new Zones 5B4-5M4-5NE in the East Sector of the Chimo Mine Property; The results of this press release, factored with those of the May 21st 2020, April 7th 2020 and February 18th 2020 press releases, increase the potential for expansion of the resource estimate to date for the new Zones 5B4-5M4-5NE (FIGURE); The Chimo Mine Property hosts three gold-bearing corridors (North, Central and South) that to date host the following mineral resources: -- 4,017,600 tonnes at an average grade of 4.53 g/t Au for a total of 585,190 ounces gold in the Indicated Category;-- 4,877,900 tonnes at an average grade of 3.82 g/t Au for a total of 597,800 ounces gold in the Inferred Category. VAL D'OR, Quebec, May 28, 2020 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) (\"Cartier\") announces values of 32.0 g/t Au over 2.0 m included within 16.5 g/t Au over 4.5 m, also included within 7.1 g/t Au over 12.1 m, intersected at a distance of 500 m below the new Zones 5B4-5M4-5NE of the Chimo Mine Property, located 45 km east of Val-d'Or. \"These new results indicate that the gold mineralisation is open in all directions below Zones 5B4-5M4-5NE which have been drilled to date from surface to a depth of 1,300 m\" commented Philippe Cloutier, President and CEO, adding \"growing the dimensions of the cluster of Zones 5B4-5M4-5NE is an important addition to the development potential of the project.\" The details of the new results are as follows: Drill Hole Drill Hole CollarCoordinate (m)UTM (E/N/Elev.) Azimut (°) /Dip (°) From(m) To(m) Length(m) Au(g/t) GoldZone GoldStructure CH19-55B 332529/5320363/-518 200 / -66 1,321.5 1,323.5 2.0 32.0 5NE 5N Included in 1,319.0 1,323.5 4.5 16.5 Included in 1,317.4 1,329.5 12.1 7.1 CH19-54 332674/5320415/381 200 / -82 1,152.0 1,160.0 8.0 1.4 CH19-54BW 332577/5320163/-459 199 / -49 1,181.0 1,190.5 9.5 1.1 5CE 5C The lengths of the mineralized intersections are expressed in lengths measured along the drill core. The estimated true thickness of the mineralized intersections represents approximately 85 to 90% of the measured length. Recall that, on May 5th 2020, using a price of gold of 1,300 $ US / oz and a cut-off grade...