Cartier Resumes Drilling on the Chimo Mine Property
For immediate release
Cartier Resumes Drilling on the Chimo Mine Property
Highlights:
➢ Drilling with two rigs resumes on the depth extension of Zones 5B4-5M4-5NE and 5CE
discovery;
➢ Concurrently, internal engineering studies and industrial sorting of mineralisation tests are
progressing with the goal of increasing the resources.
Val-d’Or, May 13th, 20 20 – Cartier Resources Inc. (TSX-V: ECR) ("Cartier ") announces that it
resumes its drill program on the Chimo Mine property, located 45 km east of Val-d'Or. This follows
the Quebec’s government confirmation that exploration activities can resume effective May 11 th,
2020.
Cartier has implemented precautionary measures to monitor the health and safety of employees,
contractors, consultants, suppliers and the community with respect to the COVID-19 situation. The
Company has adapted its operating procedures to comply with the recommendations of the
Department of Public Health and Province’s Committee on Standards, Equity, and Occupational
Safety (CNESST).
″ With a solid position of $5.5 million in cash, Cartier can pursue its drill program and internal
engineering studies and industrial sorting of minerali sation tests with a goal of increasing the
resource on the property ″ commented Philippe Cloutier, President and CEO.
Zones 5B4-5M4-5NE and 5CE, situated 450 m east of the underground infrastructures are being
drilled reported excellent results in 2020 over a distance of 550 m below known zones. This cluster
of gold-bearing zones extends from surface to a depth of 1,300 m and now include the new Zone
5CE. As well, internal engineering studies and tests of industrial sorting of the mineralisation are
in progress in order to assess possibilities of cost reduction while increasing gold ounce
recuperation, which in turn could contribute to increasing the mineral resource of the property. The
first internal engineering study was completed with positive conclusions.
About Chimo Mine Project
➢ Cartier holds a 100% interest in the property for which 1% NSR ('' Net Smelter Return '')
royalty has been granted to IamGold Corporation. No rights of first refusal ('' buy -back '')
have been granted.
➢ The property, which is accessible year-round, is located near 6 mills in the Val-d'Or area.
➢ Fourteen gold zones were exploited by 3 producers between 1964 and 1997 for a
production of 379,012 ounces of gold (MERN DV 85-05 to DV-97-01).
➢ The mining infrastructure consists of a network of drifts over 7 km, distributed over 19 levels
and connected by a 5.5 m x 1.8 m with 3 compartment shaft for a depth of 920 m. The
headframe and the surface installations were dismantled in 2008 but the 25 kV power line
and the sandpit are still in place.
➢ The drilling, completed to date by Cartier on the Chimo Mine property, consists of 121
holes totaling 55,890 m and 20,792 gold samples collected . This work demonstrated
the continuity of the main 5B and 5M gold zones under the existing mining infrastructure,
explored the extensions of 19 gold zones peripheral to the main zones and explored the
extensions of the 7 gold zones that were prioritized; which allowed the discovery of the
Zones 5B4-5M4-5NE and 5CE and to develop the potential of Zone 6N1. These areas
have excellent potential to deliver future discoveries.
Qualified Persons
The scientific and technical information of the Company and the Chimo Mine Project, included in
this news release, have been prepared and reviewed by MM. 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
contained in the press release.
Quality Assurance / Quality Control
The analytical results, derived from Cartier's drilling, were obtained from samples measured along
the drill core. The estimated true thickness averages about 65% to 85% of the measured apparent
length. NQ core samples are crushed up to 80% passing an 8 mesh and then pulverized up to 90%
passing a mesh of 200 mesh. Cartier inserts 5% of the number of samples in the form of certified
standards and another 5% in the form of blank samples to ensure quality control. The samples are
analyzed at the Techni -Lab laboratory (Actlabs), located in Ste -Germaine-Boulé, Quebec. The
50 g pulps are analyzed by fire assay and read by atomic absorption, followed by gravimetry for
results above 5.0 g/t Au. For samples containing visible gold, 1000 g of rock are analyzed by the ''
Metallic Sieve '' method.
About Cartier Resources Inc.
Cartier Resources Inc., founded in 2006, is based in Val -d'Or, Quebec. The province has
consistently ranked as one of the best mining jurisdictions in the world, primarily because of its
favorable geology, attractive fiscal environment and pro-mining government.
➢ The company has a strong cash position with more than $5.5 million, as well as a significant
corporate and institutional endorsement including Agnico Eagle Mines and Quebec
investment funds.
➢ Cartier's strategy is to focus on gold projects with features that offer the potential for rapid
growth.
➢ The Company holds a portfolio of exploration projects located in the Abitibi Greenstone
Belt in Quebec; one of the most prolific mining regions in the world.
➢ The company is focused on advancing its 4 key projects through drilling programs. All of
these projects were acquired at reasonable costs in recent years. All are drill-ready with
targets along the geometric extension of known gold deposits.
➢ Exploration work is currently focused on the Chimo Mine property to maximize value for
investors. The preparation of the next exploration work is underway to carry out drilling
programs respectively on the Benoist, Fenton and Wilson properties.
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For more information, please contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819 856-0512
www.ressourcescartier.com
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of this press release.