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Cartier Resources presents the strong hoisting capabilities of the shaft on the Chimo Mine Property
Highlights: With simple adjustments, the shaft on the Chimo Mine Property could extract 1.7 million metric tons per year (4,921 mt/day). This study is one of fo
About this update from Cartier Resources Inc.
[{"type":"text","content":" Highlights: With simple adjustments, the shaft on the Chimo Mine Property could extract 1.7 million metric tons per year (4,921 mt/day). This study is one of four engineering studies carried out in tandem with a preparatory study for a new mineral resource estimate on the Chimo Mine Property to reveal its full value. VAL-D’OR, Québec, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) reports the results of an engineering study on the hoisting capacity of the underground mining infrastructure on the Chimo Mine Property. This property, owned 100% by Cartier, is located 45 km east of the Val-d’Or mining camp. The study reveals that the components of the internal shaft structure could be used to hoist skips with a loading capacity of 20 metrics tonnes each, travelling at a cruising speed of 2,200 feet/minute (40 km/h). This hoisting rate would raise 492 mt/hour of rock to the surface for a total of 4,921 mt/day in 10 hours of hoisting operations per 24-hour day or 1.7 M mt/year. To date, two internal engineering studies have been completed with positive findings, including the study that is the subject of this press release. Two other internal engineering studies are still underway, as well as an internal preparatory study for a new mineral resource estimate on the Chimo Mine Property. No PEA, PFS or FS has been completed and disclosure of results from this internal study does not support or imply the technical feasibility and/or economic viability of the project. In addition, while current mineral resource estimates have been completed on separate zones on the property, mineral resources that are not mineral reserves do not have demonstrated economic viability. Table of current and future features of the shaft infrastructure on the Chimo Mine Property: Current shaft features Dimensions of excavated shaft 914 m x 6 m x 2.7 m (represents 15,000 m³ of excavated rock) 3 compartments Each measuring 5'0\" x 5'6\" State of internal rock walls In good condition at the time of mine closure Internal shaft structure 8\" x 8\" beams of Douglas (BC) fir State of internal shaft components In good condition at the time of mine closure Wood submerged under oxygen-free water remains intact* from deterioration for decades Key additional features required Weight of hoisted rock material 4,921 mt/day in 10 hours...