Cartier Starts 2018 With $ 16,000,000 in its Coffers and Four Drills on the Chimo Mine Property
For immediate release
Cartier Starts 2018 With $ 16,000,000 in its Coffers
and Four Drills on the Chimo Mine Property
Val-d’Or, January 11 th, 201 8 – Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) is pleased to
announce that 4 drill rigs are currently in operation on the Chimo Mine property, located 45
km east of Val -d'Or, to complete 20,000 m of drilling in the coming months. The program is
intended to explore the depth and latera l extensions of 23 known gold zones in order to expand their
dimensions (VIDÉO 3D).
In 2017, Cartier completed 56 holes totaling 21,000 m on the Chimo Mine, Wilson and
Cadillac Extension properties and 8,000 m on the Fenton property which is in partnership
with SOQUEM. Of this drilling, more than 3,000 assay results are still pending. The 11,000-m
drilled on the Chimo Mine property demonstrates the continuity of gold mineralization in three
areas. Similarly, the 8,000-m drilled on the Wilson property prioritized 2 out of 4 gold zones
where a 10,000-m drilling program will be completed in 2018.
Alongside these activiti es, Cartier has built a solid financial position starting in 2018 with
$ 16,000,000 in its coffers. During 2017 Cartier has:
Attracted Agnico Eagle Mines Limited as a strategic investor. Agnico, re-invested to
maintain its strategic position of investment in Cartier by holding 17% of the issued
and outstanding common shares;
Interested 3 new institutional investors to buy a total of 15% of issued and
outstanding common shares;
Convinced the Québec institutional funds to increase their participation in 13% of
issued and outstanding common shares.
“The Company is active in the heart of 2 major areas of interest in Abitibi, namely the Val -d'Or Mining
Camp and the recent Osisko area play in the Urban -Barry - Lebel-sur-Quévillon - Chapais belt.”,
commented Philippe Cloutier, President and CEO, adding, “This year w e are focussing on two of our
assets, where drilling in the lateral and deep extensions of the gold mineralization has confirmed the
continuity of the mineralization.”
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
Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of
this press release.