Cartier Adds New 3E1 Gold Zone to East Chimo Mine Sector
For immediate release
Cartier Adds New 3E1 Gold Zone to East Chimo Mine Sector
Val-d’Or, November 15th, 2022 – Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announces work
progress on the Chimo Mine Project through, among other things, drill results of its ongoing drilling
program on the Chimo Mine property and contiguous West Nordeau deposit of the East Cadillac
property. Both properties, 100% owned by Cartier, are located 45 km east of the Val-d’Or mining
camp.
The results available from the laboratory to date for the current drilling program are as follows:
➢ In the East Chimo Mine Sector, one of the holes intersected 9.1 g/t Au over 1.0 m included
in 4.5 g/t Au over 2.5 m also included in 2.0 g/t Au over 6.0 m (FIGURE). These results
(Table 1) are located on the 3 Gold Structure which has also been intersected by other drill
holes of the program as well as by historical drilling ( Table 2), thereby defining, by their
number and their geometric distribution, the 3E1 Gold Zone. The 3E1 Zone is now the
fourth gold zone comprising the East Chimo Mine Sector.
➢ In the West Nordeau Deposit Sector the , 5NE1 Gold Zone returned v alues of 9.6 g/t Au
over 1.0 m included in 3.3 g/t Au over 4.6 m were intersected in the 5NE1 Gold Zone of
the West Nordeau deposit (FIGURE and Table 1). These values, located at a depth of 800
m, add to the drill results which constitute the resources* of the West Nordeau deposit.
The Chimo Mine Project now consists of 29 gold zones that are situated within 19 gold structures,
drilled over a strike length of 3.7 km and locally up to a depth of 1.6 km (FIGURE) where the recent
mineral resource estimate, dated August 22, 2022*, reported:
✓ 7,128,000 tonnes at an average grade of 3.14 g/t Au for a total of 720,000 ounces of gold
in the Indicated category and;
✓ 18,475,000 tonnes at an average grade of 2.75 g/t Au for a total of 1,633,000 ounces of
gold in the Inferred category.
* NI 43-101 Mineral Resources Estimate for Chimo Mine and West Nordeau Gold Deposits, Québec, Canada, Vincent
Nadeau-Benoit, P.Geo., Alain Carrier, P.Geo., M.Sc. and Marc R. Beauvais, P.Eng., InnovExplo Inc., August 22 nd, 2022.
The drilling programs planned to date, which are presented in the FIGURE of this press release
and, which includes the current program, aim to increase the current resources of the project by
650,000 ounces of gold. As well, an additional drilling program in preparation will aim to explore the
gold deposits present along the Larder Lake – Cadillac fault, on the eastern and western periphery
of the Chimo Mine property.
The ongoing Preliminary Economic Assessment (PEA) on the combined resources* of the Chimo
Mine property and the West Nordeau deposit is progressing well. This NI 43-101 study, which is
oriented to maximize the flexibility of the economic aspect of the project, will incorporate the results
of industrial sorting tests from Corem and Steinert US which have shown could increase the grade
of the mineralization of the Chimo Mine project by 170%.
« With average grades of 3.0 g/t Au, the sorting of the Chimo Mine mineralization carried out
underground could, if optimized, produce a primary concentrate at an average grade of
approximately 5.0 g/t Au; Which would minimize the costs of extraction, construction and operation
of the mill while minimizing the environmental footprint; demonstrating our concern for the social
acceptability of the project » commented Philippe Cloutier, President and Chief Executive Officer.
Table 1: Detailed information of new results:
Drill Hole Coordinates
UTM (°)
Azimut (°)
/Plunge (°)
From
(m)
To
(m)
Au
(g/t)
Length
(m)
Gold
Zone
Gold
Structure
CH22-58A
332591/5320326/-128 228/-73
9280 930.5 4.5 2.5
3E1 3
Included in 928.0 929.0 9.9 1.0
CH22-60
333062/5319962/-203 197/-65
834.4 839.0 3.3 4.6
5NE1 5N
Included in 834.4 835.4 9.6 1.0
The lengths of the mineralized intersections are expressed as lengths measured along the drill core. The
estimated true thickness of the mineralized intersections represents approximately 65 to 85% of the measured
length.
Table 2: Results of the 3E1 Gold Zone from previous drilling programs:
Drill Hole Coordinates
UTM (°)
Azimut (°)
/Plunge (°)
From
(m)
To
(m)
Au
(g/t)
Length
(m)
Gold
Zone
Gold
Structure
(LO-84)01-
84-84
332764/5319720/349 200/-51 30.9 32.4 44.7 1.5
3E1 3
CH17-10 332736/5319937/366 200/-59 265.2 266.2 13.6 1.0
The lengths of the mineralized intersections are expressed as lengths measured along the drill core. The
estimated true thickness of the mineralized intersections represents approximately 65 to 85% of the measured
length.
About Cartier Resources Inc.
Cartier Resources Inc. was founded in 2006 and is an advanced gold project exploration company
based in Val-d’Or. The company’s projects are all located in Quebec, which has consistently
ranked as one of the world’s best mining jurisdictions. Cartier is advancing the development of its
flagship Chimo Mine Project. The Company has a strong cash position exceeding $ 8.0 M and a
significant corporate and institutional endorsement, including Agnico Eagle Mines, O3 Mining and
Quebec investment funds.
Qualified Persons
The scientific and technical information on the Company and the Chimo Mine Project in this news
release was prepared and reviewed by Mr. Gaétan Lavallière, P. Geo., Ph . D, Cartier’s
Vice- President, and Mr. Ronan Déroff, P. Geo, M. Sc., Cartier’s Senior Geologist, Project Manager
and Geomatician, both qualified persons as defined in NI 43 -101. Mr. Lavallière approved the
information contained in this press release.
Quality Assurance / Quality Control
Cartier inserts in the batches of samples sent to the laboratory, 5% of the number of samples in the
form of certified standards and another 5% in the form of sterile samples to ensure quality control.
The samples are analyzed at the Techni-Lab laboratory (Actlabs), located in Ste-Germaine-Boulé,
Quebec, Canada. Samples of 3 to 5 kg are crushed by the laboratory up to 90% passing a mesh
of 10 mesh (2.00 mm) then 500 g of sample is pulverized up to 90% passing a mesh of 200 mesh
(0.07mm). The 50 g pulps are analyzed by fire assay and are read by atomic absorption. Samples
with results ≥ 1.0 g/t and < 10.0 g/t are re -assayed by fire assay and read by atomic absorption.
Results greater than or equal to 10.0 g/t Au are analyzed by fire assay with gravimetric rea ding.
For samples containing visible gold, 500 g of rock are analyzed by the “Metallic Sieve” method.
- 30 -
For more information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
www.ressourcescartier.com
Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy
or accuracy of this press release.
WEST
PORTAL
WEST SIMON
DEPOSIT
CHIMO MINE GOLD SYSTEM
LONGITUDINAL COMPOSITE SECTION (looking North)
EAST
CHIMO MINE
RESOURCE SECTOR
November 14th, 2022
LÉGEND
5 - 10
20 - 25
25 - 30
> 30
(g/t x m)
10 - 15
15 - 20
METAL FACTOR
Troy Oz
(oz Au)
6,616,000
512,000
7,128,000
3.21
2.19
3.14
684,000
36,000
720,000
1,358,000
275,000
1,633,000
2.77
2.64
2.75
15,240,000
3,235,000
18,475,000
Grade
(g/t Au)
The scientifical and technical information of the company have been prepared and reviewed by Gaétan Lavallière
P.Geo., Ph.D., Vice President and Ronan Déroff, P.Geo., M.Sc., Senior Geologist, Project Manager and Geomatician,
Qualified Persons as defined by NI 43-101. Mr. Lavallière approved the information.
The analytical results, derived from Cartier’s drilling, were obtained from samples measured along the drill core.
The estimated true thickness averages about 65-85 % of the measured length.
*NI 43-101 Mineral Resources Estimate for Chimo Mine and West Nordeau Gold Deposits, Québec, Canada, Vincent
Nadeau-Benoit, P.Geo., Alain Carrier, P.Geo., M.Sc. and Marc R. Beauvais, P. Eng., InnovExplo Inc., August 22nd, 2022.
Metric
Ton (t)
Indicated Resources* Inferred Resources*
Metric
Ton (t)
Troy Oz
(oz Au)
Grade
(g/t Au)
CHIMO MINE AND WEST NORDEAU GOLD DEPOSITS 2022 MRE
Existing underground infrastructures
Projected underground infrastructures
10000 m
9800 m
9600 m
9400 m
9200 m
9000 m
8800 m
8600 m
8400 m
10000 m
9800 m
9600 m
9400 m
9000 m
8800 m
8600 m
1800E m
1000E m
200E m
200W m
EAST CHIMO MINE
RESOURCE SECTORCHIMO MINE SHAFT
Gold
Deposits
Chimo Mine
West Nordeau
Total
3.7 km
On Going
Drilling Operation
Completed
Drill Hole
Drill Hole
in Progress
Planned
Drill Hole
2022-23
Drilling Program
Planned
Drill Hole
1.6 km
1.6 km
9.6 g/tAu / 1.0m
included in
3.3 g/t Au / 4.6 m9.9 g/tAu / 1.0m
included in
4.5 g/t Au / 2.5 m
included in
2.0 g/t Au / 6.0 m
Potential Option
for Additional
Drilling Program
CH22-58A
CH22-60
0 200m
2600E m
PLANNED
WEST
NORDEAU
PORTAL
2400E m
WEST
NORDEAU DEPOSIT
RESOURCE SECTOR