Drilling of the Chimo Mine Project Confirms Depth Extension of West Nordeau Deposit
For immediate release
Drilling of the Chimo Mine Project Confirms
Depth Extension of West Nordeau Deposit
Val-d’Or, January 24th, 2023 – Cartier Resources Inc. (TSX -V: ECR) (“Cartier”) announces drill
results below the West Nordeau deposit of the Chimo Mine Gold System (FIGURE) from its ongoing
drilling program on the Chimo Mine property and contiguous East Cadillac property. Both
properties, 100% owned by Cartier, are located 45 km east of the Val-d’Or mining camp.
The results available from the laboratory to date for the current drilling in the West Nordeau Sector
are as follows:
➢ In the eastern part of the West Nordeau deposit (5NE2 Gold Zone), drilling intersected
4.4 g/t Au over 6.5 m included within broader sections grading 2.3 g/t Au over 23.0 m
and 2.1 g/t Au over 14.0 m (FIGURE).
➢ In the western part of the West Nordeau deposit (5NE 1 Gold Zone), drilling intersected
6.3 g/t Au over 1.0 m included within an interval grading 2.4 g/t Au over 5.6 m (FIGURE).
➢ Detailed results are presented in the table below.
« These results confirm the continuity of the mineralization below the West Nordeau deposit, with
a view of extending exploration, to define additional resources to the same depth as in the Chimo
Mine and East Chimo Mine sectors (FIGURE). The depth extension of the West Nordeau sector is
important to add resources to the project. » commented Philippe Cloutier, President and CEO.
The Chimo Mine Project now consists of 29 gold zones that are situated within 19 gold structures,
drilled over a strike length of 3.7 km and locally up to a depth of 1.6 km (FIGURE) where the recent
mineral resource estimate, dated August 22, 2022*, reported:
✓ 7,128,000 tonnes at an average grade of 3.14 g/t Au for a total of 720,000 ounces of gold
in the Indicated category and;
✓ 18,475,000 tonnes at an average grade of 2.75 g/t Au for a total of 1,633,000 ounces of
gold in the Inferred category.
* NI 43-101 Mineral Resources Estimate for Chimo Mine and West Nordeau Gold Deposits, Québec, Canada, Vincent
Nadeau-Benoit, P.Geo., Alain Carrier, P.Geo., M.Sc. and Marc R. Beauvais, P.Eng., InnovExplo Inc., August 22 nd, 2022.
Table 1: Detailed information of new results:
Drill Hole Coordinates
UTM (°)
Azimut (°)
/Plunge (°)
From
(m)
To
(m)
Au
(g/t)
Length
(m)
Gold
Zone
Gold
Structure
CH22-64A
333443/5319894/14 188/-68
729.6 730.3 26.0 0.7
5NE2 5N
and 735.6 736.1 10.2 0.5
Included in 729.6 736.1 4.4 6.5
Included in 724.0 752.0 2.3 23.0
CH22-64AW 333422/5319851/-141 213/-75 730.0 744.0 2.1 14.0
CH22-63
333061/5319881/-25 184/-63
559.0 561.0 7.3 2.0
- 4B
Included in 554.0 561.0 3.0 7.0
CH22-63
333061/5319881/-25 184/-63
616.0 617.0 6.3 1.0
5NE1 5N
Included in 614.0 619.6 2.4 5.6
The lengths of the mineralized intersections are expressed as lengths measured along the drill core. The
estimated true thickness of the mineralized intersections represents approximately 65 to 85% of the measured
length.
About Cartier Resources Inc.
Cartier Resources Inc. was founded in 2006 and is an advanced gold project exploration company
based in Val-d’Or. The company’s projects are all located in Quebec, which has consistently
ranked as one of the world’s best mining jurisdictions. Cartier is advancing the development of its
flagship Chimo Mine Project. The Company has a strong cash position exceeding $ 6.5 M and a
significant corporate and institutional endorsement, including Agnico Eagle Mines, O3 Mining and
Quebec investment funds.
Qualified Persons
The scientific and technical information on the Company and the Chimo Mine Project in this news
release was prepared and reviewed by Mr. Gaétan Lavallière, P. Geo., Ph . D, Cartier’s
Vice- President, and Mr. Ronan Déroff, P. Geo, M. Sc., Cartier’s Senior Geologist, Project Manager
and Geomatician, both qualified persons as defined in NI 43 -101. Mr. Lavallière approved the
information contained in this press release.
Quality Assurance / Quality Control
Cartier inserts in the batches of samples sent to the laboratory, 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 (Actlabs), located in Ste-Germaine-Boulé,
Quebec, Canada. Samples of 3 to 5 kg are crushed by the laboratory up to 90% passing a mesh
of 10 mesh (2.00 mm) then 500 g of sample is pulverized up to 90% passing a mesh of 200 mesh
(0.07mm). The 50 g pulps are analyzed by fire assay and are read by atomic absorption. Samples
with results ≥ 1.0 g/t and < 10.0 g/t are re -assayed by fire assay and read by atomic absorption.
Results greater than or equal to 10.0 g/t Au are analyzed by fire assay with gravimetric reading.
For samples containing visible gold, 500 g of rock are analyzed by the “Metallic Sieve” method.
- 30 -
For more information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
www.ressourcescartier.com
Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy
or accuracy of this press release.
WEST EASTCHIMO MINE GOLD SYSTEM
LONGITUDINAL COMPOSITE SECTION (Looking North)
PORTAL
WEST SIMON
DEPOSIT CHIMO MINE
EAST
CHIMO MINE
WEST
NORDEAU
DEPOSIT
3.7 km
1.6 km
CHIMO MINE
SHAFT
January 24th, 2023
CH22-64A
CH22-64AW
.
. .
6.3 g/t Au / 1.0 m
included in
2.4 g/t Au / 5.6 m
CH22-63
2.1 g/t Au / 14.0 m
4.4 g/t Au / 6.5 m
included in
2.3 g/t Au / 23.0 m
920 m