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Cartier Resources intersects 11.2 g/t Au over 2.0 m on VG9 Target
Highlights of this press release: New type of high-grade gold mineralization for VG9 Target (FIGURE 1): 11.2 g/t Au / 2.0 m including 20.2 g/t Au / 1.0 m 9.1 g/
About this update from Cartier Resources Inc.
[{"type":"text","content":" Highlights of this press release: New type of high-grade gold mineralization for VG9 Target (FIGURE 1): 11.2 g/t Au / 2.0 m including 20.2 g/t Au / 1.0 m 9.1 g/t Au / 1.0 m The VG9 Target mineralization begins at surface These results are found within the Larder Lake - Cadillac Fault Zone, well known for its many important mines in Canada, comprising several types of mineralization; which are found at varying distances from each other VAL D'OR, Quebec, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSXV: ECR, FSE: 6CA) (“Cartier” or the “Company”) announces results from the ongoing drill program for the Chimo Mine Project (FIGURE 2). The Project comprises the Chimo Mine and East Cadillac properties, the latter of which was acquired on April 7, 2022. Cartier began exploring of this part of the East Cadillac property on January 4, 2024. Both properties are 100% owned by Cartier and strategically located 45 km east of the Val-d’Or mining camp. The high-grade gold mineralization intersected is located within the Larder Lake - Cadillac Fault Zone, recognized over a 20 km strike length of the Chimo Mine Project. The current Drill Program is currently exploring 54 targets over half (10 km) of the Project's gold discovery potential. Furthermore, this new type of mineralization is found in sedimentary rocks where gold concentrations are, for this Project, generally higher than those found in volcanic rocks. The longitudinal section of the VG9 target (FIGURE 1) illustrates the high values obtained. “These results present a second type of gold mineralization for the Chimo Mine Project, demonstrating the significant potential of this Project; located over more than 20 km of the Larder Lake - Cadillac Fault Zone,” commented Cartier’s President and CEO. Table 1: Details of the new results Hole CoordinatesUTM (m) Azimuth (°) /Plunge (°) From(m) To(m) Au(g/t) Length(m) GoldZone GoldStructure CH24-147 333225/5320001/351 205/-74 225.0 227.0 11.2 2.0 VG9 VG Including 226.0 227.0 20.2 1.0 CH24-144 184/-60 170.0 171.0 9.1 1.0 The lengths of the mineralized intersections are expressed as measured lengths along the drill core.The estimated true widths of the mineralized intersections are approximately 70% to 85% of the reported lengths. Table 2: Details of the previous results Hole CoordinatesUTM (m) Azimuth (°) /Plunge (°) From(...