Cartier Silver Announces Commencement of Diamond Drilling on the Gonalbert Property, Potosi Department, Southern Bolivia Initial 5-hole diamond drill program totalling 3,3 00m will test geophysical and geological targets
1
20 Adelaide Street East, Suite 200, Toronto, Ontario CANADA M5C 2T6 Tel.: 1 (800) 360-8006
NEWS RELEASE
Cartier Silver Announces Commencement of Diamond Drilling on the Gonalbert
Property, Potosi Department, Southern Bolivia
Initial 5-hole diamond drill program totalling 3,3 00m will test geophysical and geological targets
for epithermal polymetallic Ag-Pb-Zn mineralization in the general vicinity of the artisanal silver
mine.
Additional IP/Res surveys in the NW part of the pr operty have added more than a kilometre of
additional strike length to the potential mineralized zone.
TORONTO, June 29, 2023 – Cartier Silver Corporation (CSE: CFE) (“ Cartier Silver ” or the
“Company ”) is pleased to announce that diamond drilling has co mmenced to test geophysical and
geological targets for epithermal Ag-Pb-Zn mineralization on the Gonalbert Property, Potosi Department,
Southern Bolivia. The initial program will consist of 5 drill holes totalling 3,300m collared in the general
vicinity of the artisanal silver mine. The locations of these holes are shown in Figure 1, a geological plan
map. Collar locations and orientations of these holes are listed in Table 1 below. Sections 1 and 2 in
Figure 2 show the geophysical anomalies being targe ted in the vicinity of the major structures which
have been the focus of artisanal mining, both historically and recently.
Tom Larsen, CEO of Cartier Silver, commented: “We are very excited to begin drill testing this promising
epithermal polymetallic mineralization target. Initial previously reported geophysical and geological work
(see Cartier press release dated June 7, 2023) outlined a target area that is 800m by 500m and extends
to a depth of at least 400m, the depth limit of the survey. Additional geophysical work has now extended
this target zone a further one kilometre to the nor thwest. Significantly, the chargeability anomaly
becomes stronger, especially at depths greater than 100m, below a depleted, near-surface zone where
sulphide mineralization has been extensively oxidized.
The additional geophysical work consisted of six Induced Polarization (IP/Res) lines surveyed by MES
Geophysics in the northwest part of the Gonalbert property. The same array of eight fifty-metre and four
offset one hundred-meter dipoles was used to obtain chargeability and resistivity data to a depth of about
four hundred meters. Figure 3 shows that the resis tivity anomaly along the prominent west-northwest
fault extends for an additional kilometer of strike length. The corresponding chargeability map, Figure
4, shows an additional centre of chargeability at a depth of one hundred metres. This chargeability
anomaly extends west-northwestward from 218900E for about 250m before it turns north along a cross-
cutting north-south fault. The Chargeability and R esistivity data add more than a kilometre of strike
length to the mineralized structure that is being d rill tested in the current program, showing the
impressive lateral extent and strength of the mineralizing system at Gonalbert.
2
Qualified Person
Dr. Bill Pearson, P.Geo., a Qualified Person as defined under National Instrument 43-101, has reviewed
and approved the scientific and technical content o f this press release. Dr. Chris Hale, P.Geo.,
supervised the geophysical surveys. Geological surveys were supervised by Dr. Osvaldo Arce, P.Geo.
About Cartier Silver Corporation
Cartier Silver is an exploration and development Company focused on discovering and developing
its recently acquired silver property assets, inclu ding the Chorrillos Project and claims staked by th e
Company’s subsidiary, all of which are located in t he Potosi Department of southern Bolivia. The
Company also holds significant iron ore resources a t its Gagnon Holdings in the southern Labrador
Trough region of east-central Quebec, and the Big E asy gold property in the Burin Peninsula epithermal
gold belt in the Avalon Zone of eastern Newfoundland and Labrador.
For further information please visit Cartier Silver’s website at www.cartiersilvercorp.com
For further information please contact:
Thomas G. Larsen Jorge Estepa
Chief Executive Officer Vice-President
(800) 360-8006 (800) 360-8006
(416) 360-8006 (416) 360-8006
The CSE has not reviewed nor accepts responsibility for the adequacy or accuracy of this release.
Statements in this release that are not historical facts are “forward-looking statements” and readers are
cautioned that any such statements are not guarantees of future performance, and that actual developments or
results, may vary materially from those in these “forward-looking statements”.
3
Figure 1: Geology Plan Map of Gonalbert Property Showing Locations of Planned Drill Holes.
4
Table 1: Collar Coordinates and Orientation Information, Planned Diamond Drill Holes,
Gonalbert Property
Drillhole Name Easting Northing Elevation Azimuth Dip Target Depth (m)
GAL_01 219000.00 7637460.00 3669.45 60 70 700
GAL_02 219214.71 7637583.95 3581.77 60 70 500
GAL_03 218742.17 7637542.18 3596.29 60 50 700
GAL_04 219259.91 7637494.51 3566.45 60 70 500
GAL_05 219000.00 7637344.43 3667.28 60 70 900
Total 3,300
Note: Coordinates are in metres; azimuth and dip are in degrees
5
Figure 2: Cross Sections of Planned Drill Holes showing Location of Coincident Chargeability
and Resistivity Anomalies being Drill-tested.
6
Figure 3: Resistivity Plan Map at N=4, Elevation 100m Below Surface with Additional Coverage
in the NW Part of the Gonalbert Property
7
Figure 4: Chargeability Plan Map at N=4, Elevation 100m Below Surface with Additional
Coverage in the NW Part of the Gonalbert Property