Cartier Cuts 7.6 g/t Gold over 5 m, 235 m Below Chimo Mine
For immediate release
Cartier Cuts 7.6 g/t Gold over 5 m, 235 m Below Chimo Mine
Val-d’Or, March 20th, 2018 – Cartier Resources Inc. (TSX-V: ECR) ("Cartier") is pleased to announce
it has intersected 7.6 g/t Au over 5.0 m, 235 m beneath the deepest stope at Chimo Mine , situated
45 km east of Val -d’Or. These new results were intersected at a depth of 1,075 m along the depth
extensions of gold-bearing zones 5 which produced 2/3 of the ounces mined. The intersection is the
first from an 8,000-m deep drilling program which is part of the ongoing 34,000-m drill program on the
Chimo Mine property.
The intersection grading 7.6 g/t Au over 5.0 m, including 12.2 g/t Au over 2.5 m is included in a
60.0 m section grading 1.0 g/t Au, intersected 235 m below stopes of Zone s 5 (FIGURE). The drill
hole was completed using control directional drilling and was designed to cut several gold -bearing
zones and to explore the potential depth extensions of the gold zones below past-producing stopes.
Drill Hole From
(m)
To
(m)
Length
(m)
Au
(g/t) Gold-bearing Zones
CH17-46AE1 1160.0 1165.0 5.0 7.6
5M2, 5M, 5B and 5BS including 1162.0 1164.5 2.5 12.2
included within 1129.0 1189.0 60.0 1.0
Lengths are expressed along drill core axis. The true thickness was not determined.
« The objective of the deep drill program is to demonstrate the continuity of potentially economic gold
mineralization at depths ranging from 900 m to 1,700 m, beneath the main stopes of the former Chimo
mine » commented Philippe Cloutier, President and CEO of Cartier, adding «The continuity of the
intersected grades as well as the broad width of the observed mineralization and alteration system ,
correspond to what we are looking for ».
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 drill program. The 5M2, 5M, 5B and 5BS Mineralized Structures are
presented in the video.
The gold -bearing intersections are characterized with biotite -chlorite alteration and mineralization
consisting of visible gold grains, arsenopyrite and/or pyrrhotite min eralization, smoky and/or white
quartz veining. All other assay results from the four drills active on the property are still
pending.
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 shaf t 9 65 m deep (Headframe and surface facilities
dismantled in 2008) but the electrical line and the sand pit are still present;
Ongoing 34,000 m of drilling: 2017 – 2018; 8,000 m on deep targets below the historic mine
and 26,000 m on depth and lateral extensions of numerous gold zones – overall program and
targets
o 23 Gold Zones;
o 68 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 go vernment. 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 company has a strong cash position with $16M in the bank and important corporate and
institutional investors including Agnico Eagle Mines, JP Morgan UK and the Quebec
Sovereign 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 company holds a portfolio of advanced stage exploration projects in the Abitibi
Greenstone Belt in Quebec – one of the most prolific mining regions in the world - the
commodity focus is gold;
The company 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 targ ets 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 Tech ni-Lab
laboratory (Actlabs), 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 a nd/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
Investor Relations:
Relations Publiques Paradox
514 341-0408
www.ressourcescartier.com
Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of
this press release.