Cartier Cuts 4.8 g/t Gold over 4.0 m, 525m Below Chimo Mine
For immediate release
Cartier Cuts 4.8 g/t Gold over 4.0 m, 525m Below Chimo Mine
Val-d’Or, May 29th, 201 8 – Cartier Resources Inc. (TSX -V: ECR) ("Cartier" or the Corporation)
announces 4.8 g / t Au over 4.0 m within 25.8 m grading 1.0 g / t Au intersected at 525 m below the
deepest stope of the Chimo Mine ( FIGURE), located 45 km east of Val -d'Or. The results were
intersected at 1,350 m depth in the geometric extent of the main go ld zone cluster (Zones 5), which
produced 2/3 of the 379,012 ounces mined from the mine (Source: MRNF, DV85 -05 at 97-01).
Additional intersections grading 7.4 g / t Au / 2.0 m within 8.0 m grading 2.1 g / t Au were
also intersected at these depths (TABLE). These new results come from the ongoing 8,000m
deep drilling program that is part of the 34,000m program of drilling on the property.
These results add to the drill results announced on March 20, 2018 (7.6 g / t Au over 5.0 m including
12.2 g / t Au over 2.5 m and included in 1.0 g / t Au over 60.0 m) and on March 27, 2018 ( 8.5 g / t Au
over 3.5 m including 14.6 g / t Au over 2.0 m and included in 1.0 g / t Au over 71.0 m). All these drill
results confirm the continuity of the gold mineralization of economic within the main zone cluster at
depth below the Chimo Mine (FIGURE).
Drill Hole From
(m)
To
(m) Length (m) Au
(g/t) Cluster of Zones 5
CH17-47A 1462.5 1466.5 4.0 4.8
5M, 5B, 5BS et 5M2
including 1462.5 1463.5 1.0 7.2
Included within 1460.6 1486.4 25.8 1.0
Included within 1460.6 1525.0 64.4 0.5
CH17-47E 1474.0 1476.0 2.0 7.4
including 1475.0 1476.0 1.0 13.6
Included within 1472.0 1480.0 8.0 2.1
Included within 1394.0 1480.0 86.0 0.4
CH17-46AE 1142.0 1144.0 2.0 3.5
Included within 1137.5 1145.0 7.5 1.2
Included within 1096.0 1145.0 49.0 0.6
Lengths are expressed along drill core axis. The true thickness was not determined.
« The dril l program below the Chimo Mine, consisting of two pilot holes providing deep
access for the completion of 18 to 24 branch holes totaling more than 8,000 m, adequately
intersects the extension of the main gold zones (FIGURE). Gold intervals similar to those
mined in the deepest stopes of the mine are now confirmed 525 m deeper » commented
Philippe Cloutier, President and CEO of Cartier.
All other analytical results from the three drills operating on the Chimo Mine property are pending.
The reader should view the 3D VIDEO, available on Cartier’s website . The 3D video helps visualize
the different gold -bearing structures on the Chimo Mine property as well as key components that are
the mine infrastructures, the gold -bearing zones, the gold intersection areas left unmined as well as
the 281 targets of the ongoing d rill program. The 5M, 5B, 5BS and 5M2 structures are shown in
the video.
Chimo Mine Project Highlights
The Chimo Mine produced 379 012 ounces of gold (MERN DV 85-05 to DV-97-01).
Cartier owns 100% interests of the property.
Year-round access by road, proximal to custom mills.
Gold ore was mined intermittently from 14 zones by 3 different producers from 1964 to 1997.
Mine infrastructure consists of a network of drifts distributed on 19 levels, 80 m to 870 m deep,
connected by a 3 -compartment shaft 965 m deep. The headframe and surface facilities were
dismantled in 2008 but the electrical line and the sand pit are still present.
Ongoing drilling program of 34,000 m (2017 – 2018): 8,000 on deep targets below the historic
mine and 26,000 m on depth and la teral extensions of numerous gold zones . The overall
drilling program consist of:
o 23 Gold Zones;
o 62 - 66 Drill Holes on 177 extensions of known gold zones;
o Up to 281 Au-host structures traversed by drilling.
About Cartier
Cartier Resources was founded in 2006 an d is based out of Val d'Or, Quebec. Quebec has
consistently ranked high as one of the best mining jurisdictions in the world primarily based on its
mineral rich geology, attractive tax environment, and pro -mining government. In 201 7, the Fraser
Institute again ranked Quebec as one of the best jurisdiction in the world for investment attractiveness.
Cartier Investment Highlights
The Corporation has a strong cash position with $1 3M in the bank and important corporate
and institutional investors including Agnico Eagle Mines, JP Morgan UK and the Quebec
investment funds.
Cartier’s strategy is to focus on gold projects that are relatively advanced with significant
potential for resource expansion laterally and at depth.
The Corporation holds a portfolio of advanced stage exploration projects in the Abitibi
Greenstone Belt in Quebec – one of the most prolific mining regi ons in the world - the
commodity focus is gold.
The Corporation is focused on advancing its four key projects through drill programs. All of
these projects were acquired at very reasonable valuations over the past few years. All of
them are drill-ready with targets identified similar to the deposits that have been outlined on
each project.
The Chimo Mine project is a historic gold producer. Three other projects, namely Wilson,
Benoist and Fenton, hold historic resource estimates.
In 2018, a 34,000-m drill program, aims to grow value on the Chimo Mine project.
Quality Assurance / Quality Control
All lengths, mentioned in this press release, were measured along the drill core. The NQ core samples
are crushed up to 80% passing 8 mesh sieves and then pulverized up to 90% passing a 200 -mesh
sieve. Cartier inserts 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 (Ac tlabs), located in Ste -Germaine-Boulé, Quebec. The 50 g pulps are analyzed by fire
assay and atomic absorption. For samples containing visible gold, 1000 g of rock are directly analyzed
by the "Metallic Sieve" method.
The scientific and/or technical infor mation 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.