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Cartier Resources Inc (2)
Symbol ECR
Shares Issued 112,641,129
Close 2017-01-18 C$ 0.23
Market Cap C$ 25,907,460
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Cartier Resources drills seven m of 8.2 g/t Au at Chimo

2017-01-18 09:18 ET - News Release

Mr. Philippe Cloutier reports

CARTIER INTERSECTS 8.2 G/T AU OVER 7.0 M ON THE CHIMO MINE PROPERTY

Cartier Resources Inc. has released the results of its drill program on the East block of the Chimo mine property, situated 45 kilometres east of Val d'Or. Drilling intersected eight gold-bearing intervals of interest, of which some are located up to 650 metres east of the former Chimo mine. The results are presented in the attached table.

Drill hole          From      To     Length       Au   Gold structure
                      (m)     (m)        (m)    (g/t)

CH16-01            279.0   286.0        7.0      8.2                2
Including          279.0   282.0        3.0     17.7               
                   325.0   326.0        1.0      8.5                3
                   409.5   410.0        0.5      8.4               4B
CH16-02            328.0   330.0        2.0     11.8                3
                   422.5   423.5        1.0     88.6               4B
CH16-03            256.0   257.0        1.0      8.6               5M
CH16-04            329.0   338.0        9.0      1.5               5M
CH16-06            260.0   275.0       15.0      3.2               5M
Including          269.0   273.0        4.0      9.9            

Note: Lengths are expressed as measured along the core axis. 
True thickness has not been determined.

Six drill holes totalling 2,517 metres intersected four gold structures in an area with little or no drilling within the favourable corridor of the property. The results add potential to increase the dimension of the known gold-bearing zones and have also demonstrated the potential of discovering new gold-bearing zones.

Gold structure 5M

Results of drill holes CH16-06 (9.9 grams per tonne gold over four metres) and CH16-04 (1.5 grams per tonne gold over nine metres) increase the dimension of the gold zone located 650 metres east of the former Chimo mine. Results of drill hole CH16-03 highlight a new area of interest situated halfway between the former Chimo mine and the gold zone mentioned above. The results of these three holes lie along the main gold-bearing structure of the property.

Gold structure 4B

Results of drill holes CH16-02 (88.6 grams per tonne gold over one metre) and CH16-01 confirm the potential of discovery in an area that is poorly tested and yet has a significant historical intersection that graded up to 16.4 grams per tonne gold over 3.6 metres.

Gold structures 2 and 3

Results of drill holes CH16-01 (17.7 grams per tonne gold over three metres) and CH16-02 (11.8 grams per tonne gold over two metres) are in line with the company's exploration strategy and confirm the potential to increase the dimension of the numerous known gold zones on the property by drilling the depth extension of the gold-bearing structures.

"The eight gold-bearing intersections from these six drill holes have met our objective to demonstrate the potential for discovery of gold-bearing zones proximal to local mining infrastructure," commented Philippe Cloutier, president and chief executive officer of Cartier.

Quality assurance/quality control

The scientific and/or technical information presented in this press release has been reviewed and approved by Dr. Gaetan Lavalliere, PGeo, PhD, vice-president for Cartier Resources. Dr. Lavalliere is a qualified person as defined by National Instrument 43-101.

All lengths presented in this press release are measured along the core axis. NQ core samples (core diameter of 4.65 centimetres) are crushed to 85 per cent minus 10 mesh then pulverized to 85 per cent minus 200 mesh. Cartier inserts 10 per cent of the samples in the form of certified standards and another 10 per cent in the form of blank samples to ensure quality control. The 50 grams of pulp were analyzed at Accurassay Laboratory, located in Rouyn-Noranda, Que. The analyses were carried out by fire assay and atomic absorption. Results greater than one gram per tonne gold are treated as follows: (i) less than five grams per tonne gold, the pulp is dissolved by fire assay and read by atomic absorption; or (ii) greater than or equal five grams per tonne gold, the pulp is dissolved by fire assay and the gold value is quantified by gravimetric analysis. For the samples with visible gold, 1,000 grams of rock are directly analyzed by the metallic sieve method.

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