Cartier Advances on Four Quebec Gold Assets With 50,000 Meter Drill Program
For immediate release
Cartier Advances on Four Quebec Gold Assets With 50,000 Meter Drill Program
Val-d’Or, April 6th, 2017 – Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) is pleased to announce
that the board of directors has approved a 50,000 -meter drill program to be conducted over the next
fifteen months. The programs are intended to explore the depth and lateral extensions of known high
grade gold mineralization and expand the dimensions of the deposits on four of its projects, namely:
Chimo Mine, Wilson, Benoist and Fenton.
From 2012 to 2016 Cartier was active in acquiring a pipeline of four advanced gold exploration
projects including the acquisition of the past producing Chimo Mine. Management has built on four
years of extensive compilation and database mining of these projects and this has led to significant
advancements. The following recent highlights attest to this success :
A strategic investment by Agnico Eagle Mines Limited (“Agnico”) as a result Agnico now
owns 19.75% of the issued and outstanding Common Shares of Cartier,
Successful drill p rogram on Chimo Mine project demonstrated continuity of high grade gold
mineralization up to 650 meters from shaft; results include 9.9 g/t Au / 4.0 m, 17.7 g/t / 3.0 m
and 1.5 g/t Au / 9.0 m,
Strong cash position of $8.7M dollars,
Assets in the heart of two major area plays in the Abitibi ; the Val -d’Or Mining Camp and
Osisko’s recent land position of the Urban-Barry Belt.
“This is a significant investment intended to demonstrate the depth and lateral extensions of the
existing gold mineralization and historical resources on the projects .”, commented Philippe Cloutier,
President and CEO, adding, “Our objective is to have these assets graduate to the next level towards
new resource estimates and believe this will reward our shareholders.”
A brief description of the projects and programs follow and additional information can be found in the
company’s most recent Corporate Presentation and website.
WILSON PROJECT
One drill rig is currently drilling 18 holes for a total of 7,000 meters. The program details were
presented in Cartier’s March 23 rd press release . This program will specifically test the depth
extensions of 4 Gold Zones (T1, T2, T3 and M1) which are hosted within the Toussaint and Midrim
Gold structures (Figure).
This program is expected to take until late May to complete . Highlights of this project include ;
recent channel sampling results by Cartier that returned 21.3 g/t Au over 5 meters and drill results by
previous companies that returned 33.2 g/t Au over 3.0 meters.
CHIMO MINE PROJECT
Two drill rigs will be employed to complete a total of 25,000 meters. One drill rig will focus depth and
lateral extensions of known high grade gold mineralization and expand the dimensions of the gold
zones that have been previously outlined (Figure). A second drill rig will focus exclusively on drilling
the depth extension along plunge of the main gold zone at Chimo Mine where the bulk of the ounces
were extracted. This program should commence in June and is expected to be completed in
December.
BENOIST PROJECT
A 10,000-meter drill program will focus on the new 2016 OreV ision anomalies. This new technology
can detect mineralization to a depth of up to 500 meters. Over sixteen (16) anomalies were selected
as drill targets of which eight (8) have a geophysical signature similar to the Pusticamica gold deposit.
The OreVision survey was conducted with parameters capable of detecting the deposits signature.
This program is winter program and will be conducted early 2018. One Highlight of this project
includes drill results by previous companies that returned 5.6 g/t Au over 53.6 meters including 11.6
g/t Au over 9.3 meters.
FENTON PROJECT – With partner SOQUEM
This program will be operated by Cartier’s partner SOQUEM. The budget allows for the completion of
a new OreVision or IPower survey over the Fenton deposit and its lateral extensions, in order to refine
targets as calibrated from previous geological, geom etrical and geophysical features known from all
historical work done on the project. Drilling with o ne machine for a total of 8,000 meters will test the
depth and lateral extensions of Fenton deposit (Figure). This program is planned to occur in two
phases straddling late 2017 and early 2018 . Highlights of this project include results by previous
companies that returned channel sampling results grading 9.9 g/t Au over 13.4 meters and a drill
intersection such as 8.0 g/t Au over 5.3 meters.
Quality Assurance / Quality Control
The scientific and/or technical information presented in this press release has been reviewed and
approved by Mr. Gaétan Lavallière, P. Geo., Ph. D. and Vice President for Cartier Resources. Mr.
Lavallière is a qualified person as defined by National Instrument 43-101.
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For more information, please contact:
Philippe Cloutier, P.Geo.
President and CEO
Telephone: 819 856-0512
www.ressourcescartier.com
Investor Relations:
Relations Publiques Paradox
514 341-0408
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this press release.