Business
Cartier Resources Drills 20.4 g/t Au over 2.0 m in the new Zone 5CE and 11.9 g/t Au over 1.6 m in Zone 5B4 at Chimo Mine
Highlights: An Intersection grading 20.4 g/t Au over 2.0 m, included within a mineralized interval of 18.0 m at 2.7 g/t Au, was intersected in the new Zone 5CE,
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[{"type":"text","content":" Highlights: An Intersection grading 20.4 g/t Au over 2.0 m, included within a mineralized interval of 18.0 m at 2.7 g/t Au, was intersected in the new Zone 5CE, in the East Sector of the property, 125 m above drill hole CH19-54E which graded 11.9 g/t Au over 2.0 m within a mineralized interval of 16.0 m at 2.1 g/t Au; An intersection grading 11.9 g/t Au over 1.6 m, included within a mineralized intersection of 14.6 m at 3.1 g/t Au, and an intersection grading 7.5 g/t Au over 2.5 m, included within a mineralized intersection of 13.7 m at 3.2 g/t Au, were also intersected in Zone 5B4. The 15 holes, totalling 8,811 m, were drilled in the East Sector of the property since December 2019 and demonstrate the continuity of the mineralization in Zones 5B4 5M4 5NE over 1.3 km. Drilling also led to the discovery of the Zone 5CE and revealed the potential for increasing the resources in this part of the property (FIGURE); The property hosts three gold-bearing corridors (North, Central and South) that to date host the following mineral resources, calculated using a gold price of US $1,300 per ounce and a cut-off grade of 2.5 g/t Au: 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. To date, two internal engineering studies have been completed with positive conclusions. Two other internal engineering studies are underway, along with an internal study to prepare for a new mineral resource estimate on the Chimo Mine Property. VAL D'OR, Quebec, Aug. 25, 2020 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the “Company”) announces an interval of 20.4 g/t Au over 2.0 m included within 18.0 m at 2.7 g/t Au, intersected 200 m below the resources of Zones 5B4-5M4-5NE, which were estimated by GéoPointCom in 2019 (Table 1). The Chimo Mine Property is held 100% by Cartier and is situated 45 km east of the Val-d’Or mining camp. An intersection grading 11.9 g/t Au over 1.6 m, included within a mineralized intersection of 14.6 m at 3.1 g/t Au, and an intersection grading 7.5 g/t Au over 2.5 m, included within a mineralized intersection of 13.7 m at 3.2 g/t Au, were also intersected in Zone 5B4. ...