Cartier Resources Inc.

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Cartier Resources was founded in 2006 and 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 government. In 2018, the Fraser Institute ...

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Cartier Resources Inc.

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Cartier Resources was founded in 2006 and is based out of Val-d'Or, Quebec. Quebec has consistently ranked high as o......

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15 minutes ago

8020 Admin posted a press release Cartier Awards a second Mandate for NI 43-101 Resource Estimate for the Chimo Mine Project in CARTIER RESOURCES INC.

VAL-D’OR, Quebec, Feb. 04, 2020 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) ("Cartier") has awarded InnovExplo the mandate to complete a resource estimate on the North and South Gold Corridors and a supporting NI 43 - 101 technical report for its 100% owned flagship Chimo Mine gold property located 45 kilometers east of Val-d’Or, Quebec.


Highlights (December 18th 2019 press release) :



  • The Central Gold Corridor resource estimate for the Chimo Mine property (FIGURE 1) was produced using a gold price of US $ 1,292 / ounce and a cut-off grade of 2.5 g/t Au:
                 

    • 461,280 ounces of gold in the indicated resource category from 3,263,300 tonnes at an average grade of 4.40 g/t Au;
       

    • 417,250 ounces of gold in the inferred resource category from 3,681,600 tonnes at an average grade of 3.53 g/t Au. 




  • Work on expanding resources is underway via:



    • This resources estimate of the North Gold Corridor and South Gold Corridor (FIGURE 2);
       

    • The completion of the 10,000 m exploration drill program, using 2 drills, along the geometric extensions below the new Zones 5B4-5M4-5NE (FIGURE 1);
       

    • Carrying out internal engineering studies aimed at optimizing resources and ongoing exploration drilling.                        




« The positive results, obtained to date from the project, lead us to develop a more global optimization vision of the project» commented Philippe Cloutier, President and CEO.


Chimo Mine Project Characteristics



  • 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 3 compartment shaft with 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 recent drilling of Phases I, II and III, completed to date by Cartier on the Chimo Mine property, consists of 113 holes totaling 50,001 m. 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 (FIGURE 1) and to develop the potential of Zone 6N1. These areas have excellent potential to deliver future discoveries.


About Cartier


Cartier Resources was founded in 2006 and 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 government. In 2018, the Fraser Institute again ranked Quebec as one of the best jurisdictions in the world for investment attractiveness.



  • The Corporation has a strong cash position with over $7,2M in the bank and important corporate and institutional investors including Agnico Eagle Mines and the Quebec investment funds.



  • Cartier’s strategy is to focus on gold projects that have an exploration potential for rapid expansion.



  • The Corporation holds a portfolio of 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 Corporation 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 geometric targets identified similar to the deposits that have been outlined on each project.


About InnovExplo


InnovExplo is a consulting firm offering services in mining exploration, mining geology, mineral resources, mining engineering, environment and sustainable development. Since its foundation in 2003, InnovExplo has worked on 450 different mandates for 170 junior mining exploration companies and producing companies. The firm has produced over 300 geological or engineering reports for projects affecting almost all of the spheres of activity of a mining project, from exploration to operation, mainly including the drafting of technical reports in accordance with NI 43-101.


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.


The independent qualified person for the issuer, responsible for the estimation of mineral resources for the North and South Gold Corridors on the Chimo Mine property, as defined in NI 43-101, is Mrs. Claude Savard, P.Geo. Senior Geologist with InnovExplo. Mrs. Savard declares that she has read this press release and that the scientific and technical information relating to the estimate of the resources presented herein is compliant.









For more information, please contact:

Philippe Cloutier, P.Geo.
President and CEO
Telephone: 819 856-0512
philippe.cloutier@ressourcescartier.com
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.


A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/882b16fa-b652-4e93-9250-360006fb22a8


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Chimo Mine project plan view: North, Central and South Gold Corridors



Chimo Mine project plan view: North, Central and South Gold Corridors



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8020 Admin

2 months ago

8020 Admin posted a press release Cartier Closes a $78,386 Private Placement in CARTIER RESOURCES INC.


VAL-D’OR, Quebec, Dec. 19, 2019 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX Venture Exchange: ECR) (“Cartier”) announces the closing of a private placement for gross proceeds of $78,386. Cartier issued 356,300 flow through shares at a price of $0.22 per share. Cartier did not pay any finder’s fees.


The securities issued under the private placement are subject to a four (4) month statutory hold period. The Offering remains subject to the final approval of the TSX Venture Exchange.


This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.


The common shares of Cartier are listed on the TSX Venture Exchange under the symbol “ECR”.


For more information, please contact:
Philippe Cloutier, P.Geo.
President and CEO
Telephone: 819 856-0512
philippe.cloutier@ressourcescartier.com  
www.ressourcescartier.com  


Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.


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8020 Admin

2 months ago

8020 Admin posted a press release Cartier Files NI 43-101 Technical Report on SEDAR for First Mineral Resource Estimate of the Central Gold Corridor on the Chimo Mine property in CARTIER RESOURCES INC.

VAL-D’OR, Quebec, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announces that it has filed on SEDAR the technical report titled "NI 43-101 Technical Report and Mineral Resource Estimate, Chimo Mine Project, Central Gold Corridor, Val-d'Or, Quebec, Canada", bearing the date of signature of the 17 December 2019.


The NI 43-101 compliant report, completed by GeoPointCom Inc. for Cartier, includes the mineral resource estimate for the Central Gold Corridor property along the Larder Lake - Cadillac Fault, 45 km to east of Val-d'Or. The report is available on SEDAR and on the Company's website.


Highlights as previously reported in the November 5th 2019 press release :



  • The Central Gold Corridor resource estimate for the Chimo Mine property (FIGURE 1) was produced using a gold price of US $ 1,292 per ounce and a cut-off grade of 2.5 g/t Au:
    - 461,280 ounces of gold in the indicated resource category from 3,263,300 tonnes at an average grade of 4.40 g/t Au;
    - 417,250 ounces of gold in the inferred resource category from 3,681,600 tonnes at an average grade of 3.53 g/t Au;


  • Work on expanding resources is underway via:
    - The estimate of the resources of the North Gold Corridor and South Gold Corridor (FIGURE 2);
    - The completion of the 7,000 m exploration drill program, using 2 drills, along the geometric extensions below the new Zones 5B4-5M4-5NE (FIGURE 1);
    - Ongoing planning of the 4,000 m Phase IV drill program on the peripheral extensions of Zone 6N1 (FIGURE 3), which is only 125 m away from underground infrastructure.


 The table of the sensitivity of the cut-off grade on the gold resources (FIGURE 1) is presented below:


read more here: https://quotemedia.com/portal/quote/?qm_symbol=ECR%3ACC&qmodStoryID=8007531841662202 

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8020 Admin

2 months ago

8020 Admin posted a press release Cartier Resources Grants Stock Options in CARTIER RESOURCES INC.


VAL-D’OR, Quebec, Nov. 28, 2019 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) (the “Company”) announces that the Board of Directors granted, on November 27, 2019, a total of 1,450,000 stock options to directors and officers and to one employee of the Company. Pursuant to the terms of the Company’s stock option plan, each option entitles the holder thereof to purchase one common share of the Company at a price of $0.125 per share until no later than November 26, 2024.


Contact:
Philippe Cloutier
President and CEO
Cartier Resources Inc.
Telephone: (819) 874-1331
Toll free: 877 874-1331
Fax: (819) 874-3113


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.



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8020 Admin

2 months ago

8020 Admin posted a press release Cartier Drilling Below Zones 5B4-5M4-5NE Discovery at Chimo Mine in CARTIER RESOURCES INC.

Highlights:



  • Re-launch of Phase III drilling under recently discovered Zones 5B4-5M4-5NE, which returned excellent results last June contributing to the Central Gold Corridor resources (FIGURE 1); 



  • Ongoing completion of the North and South Gold Corridor resource estimate for the Chimo Mine property (FIGURE 2); 



  • Planning is underway for Phase IV drilling on the periphery of Zone 6N1 (FIGURE 3)



VAL-D’OR, Quebec, Nov. 27, 2019 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) ("Cartier") announces that it has resumed Phase III drilling on the Chimo Mine property, located 45 km east of Val-d'Or. Two drills are currently exploring the geometric extensions of Zones 5B4-5M4-5NE gold discovery, that follow excellent results reported last June (5.6 g/t Au over 8.5 m including 9.9 g/t Au over 3.0 m and 8.3 g/t Au over 2.5 m, all included in a mineralized envelope of 27.8 m grading 2.5 g/t Au). This program consists of 7,000 m of directional drilling and targets a dozen intersections in the gold zones, via 2 pilot holes. 


"Drilling on Zones 5B4-5M4-5NE, recently led to the development of new gold resources and currently represents the best exploration potential on the property," commented Philippe Cloutier, President and Chief Executive Officer, adding that "this potential is in addition to the current resource estimate of the North and South Gold Corridor as well as the drilling of Zone 6N1."


Mineralization of the Chimo Mine property consists of 25 gold zones within 16 gold structures, that are grouped into three gold bearing corridors (FIGURE 2). On November 5th, via its press release titled: Cartier Publishes its First Mineral Resource Estimate of the Central Gold Corridor on the Chimo Mine property, the company reported its first resource estimate for the Chimo Mine property. The resource estimate was produced on the Central Gold Corridor which hosts Zones 5B, 5B2, 5B4, 5C, 5M, 5M2, 5M3, 5M4, 5N, 5NE and 6N1. Using a gold price of US $ 1,292 per ounce and a cut-off grade of 2.5 g/t Au the resource estimated yielded:



  • 461,280 ounces of gold in the indicated resource category from 3,263,300 tonnes at an average grade of 4.40 g/t Au;
     

  • 417,250 ounces of gold in the inferred resource category from 3,681,600 tonnes at an average grade of 3.53 g/t Au;


A resource estimate is in progress for the Northern Gold Corridor which consists of Zones 1A, 1B, 2B, 2, 2W, 3, 3E, 3W, 4B and 4B2 as well as for the Southern Gold Corridor which consists of Zones 6, 6B, 6P and 6P2 (FIGURE 2).


In addition, approximately 4,000 m of drilling is being planned to explore the peripheral extensions of Zone 6N1, which is only 125 m away from the underground infrastructure (FIGURE 3). 


Chimo Mine Project Highlights



  • 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 mils 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 3 compartment shaft with a depth of 920 m. Twenty sublevels and raises are also present. The headframe and the surface installations were dismantled in 2008 but the 25 kV power line and the sandpit are still in place.
     

  • The recent drilling of Phases I, II and III, completed to date by Cartier on the Chimo Mine property, consists of 109 holes totaling 49,251 m. 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 (FIGURE 1) 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 Messrs. 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% of the measured apparent length. NQ core samples are crushed up to 80% passing an 8 mesh (2.36 mm) and then pulverized up to 90% passing a mesh of 200 mesh (0,07 mm). 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. In 2019, the Fraser Institute ranked Quebec the fourth best in the world in terms of attractiveness for mining investments.



  • The company has a strong cash position with more than $ 8.1 million, as well as a significant corporate and institutional endorsement including Agnico Eagle Mines, JP Morgan UK 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.









For more information, please contact:
Philippe Cloutier, P.Geo.
President and CEO
Telephone: 819 856-0512
philippe.cloutier@ressourcescartier.com  
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.


A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c0c6b04a-eda6-4384-b0c0-fd524c7ca520


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November 27th Press Release - Plan View of Gold Corridors



November 27th Press Release - Plan View of Gold Corridors



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8020 Admin

3 months ago

8020 Admin posted a press release Cartier Publishes its First Mineral Resource Estimate of the Central Gold Corridor on the Chimo Mine property in CARTIER RESOURCES INC.

Highlights:



  • The Central Gold Corridor resource estimate for the Chimo Mine property (FIGURE 1) was produced using a gold price of US $ 1,292 per ounce and a cut-off grade of 2.5 g/t Au:           



    • 3,263,300 tonnes at an average grade of 4.40 g/t Au for a total of 461,280 ounces of gold in the indicated resource category;



    • 3,681,600 tonnes at an average grade of 3.53 g/t Au for a total of 417,250 ounces of gold in the inferred resource category; 







  • Work on expanding resources is underway via:           



    • The estimate of the resources of the North Gold Corridor and South Gold Corridor;



    • The preparation of exploration drilling of the geometrical extensions below the new Zones 5B4-5M4-5NE, which will start on November 20th using 2 drill rigs (FIGURE 1).





VAL D'OR, Quebec, Nov. 05, 2019 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) ("Cartier") announces the results of the mineral resource estimate of the Central Gold Corridor of the Chimo Mine property, located 45 km east of Val-d'Or. The estimate, completed and made available on November 4th, 2019, was prepared by Mr. Christian D'Amours, P. Geo., B. A. Sc. from GeoPointCom Inc., an independent Qualified Person as defined by NI 43-101.


"These resources, with existing underground infrastructure, are key elements of the Company's short-term growth strategy," commented Philippe Cloutier, President and Chief Executive Officer, adding that "this represents only a portion of the potential of the Chimo Mine property. The resource estimates for the North and South Gold Corridors are in progress and are in addition to, the potential that can be outlined via drilling soon to be launched below Zones 5B4-5M4-5NE, which reported excellent results last June."


The table of the sensitivity of the cut-off grade on the gold resources (FIGURE 1) is presented below:


Read more here: https://quotemedia.com/portal/quote?qm_symbol=ECR%3ACC&qmodStoryID=5164561087457685 

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8020 Admin

3 months ago

8020 Admin posted a press release Cartier Closes Private Placement for Total Proceeds of C$2.94M in CARTIER RESOURCES INC.


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VAL-D’OR, Quebec, Oct. 31, 2019 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSXV: ECR) (the “Corporation” or “Cartier”) announced today that it has closed its previously announced private placement (the “Offering”) for aggregate gross proceeds of C$2,943,487. A total of 11,429,048 flow-through common shares of the Corporation at a price of C$0.21 per share, and 1,940,667 flow-through common shares at a price of C$0.28 per share which were donated by the initial purchasers to charity, were issued. The Offering was completed through Desjardins Securities Inc.


The gross proceeds of the flow-through shares issued under the Offering will be used to explore the Corporation’s Chimo Mine project.  The Corporation has agreed that an amount equal to the gross proceeds received by the Corporation will be used before 2021 to incur expenses which qualify as “Canadian exploration expenses” (CEE) and “flow-through mining expenditures” (each as defined in the Income Tax Act (Canada) and referred to as a “Qualifying Expenditures”) related to the exploration program of the Corporation. The Corporation will renounce to initial purchasers of flow-through shares such Qualifying Expenditures with an effective date of no later than December 31, 2019.


The shares issued under the Offering are subject to a four month and one day hold period expiring on March 1, 2020.  The Offering remains subject to the final approval of the TSX Venture Exchange.


In connection with the Offering, Desjardins Securities Inc. received a cash fee equal to 6% of the gross proceeds of the Offering.


The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.


About Cartier


Cartier Resources Inc. was founded in 2006 and 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 government.  In 2019, the Fraser Institute again ranked Quebec as one of the best jurisdictions in the world for investment attractiveness.



  • The Corporation has a strong cash position with over $8.1M in the bank and important corporate and institutional investors including Agnico Eagle Mines, JP Morgan UK and the Quebec investment funds.



  • Cartier’s strategy is to focus on gold projects that have an exploration potential for rapid expansion.



  • The Corporation holds a portfolio of 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 Corporation 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 targets identified similar to the deposits that have been outlined on each project.










For more information, please contact:
Philippe Cloutier, P.Geo.
President and CEO
Telephone: 819 856-0512
philippe.cloutier@ressourcescartier.com   
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.



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Cartier Resources Inc.

publicPublic Group

Cartier Resources was founded in 2006 and 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 government. In 2018, the Fraser Institute ...

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Cartier Resources Inc.

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Cartier Resources was founded in 2006 and is based out of Val-d'Or, Quebec. Quebec has consistently ranked high as o......

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8020 Admin

15 minutes ago

8020 Admin posted a press release Cartier Awards a second Mandate for NI 43-101 Resource Estimate for the Chimo Mine Project in CARTIER RESOURCES INC.

VAL-D’OR, Quebec, Feb. 04, 2020 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) ("Cartier") has awarded InnovExplo the mandate to complete a resource estimate on the North and South Gold Corridors and a supporting NI 43 - 101 technical report for its 100% owned flagship Chimo Mine gold property located 45 kilometers east of Val-d’Or, Quebec.


Highlights (December 18th 2019 press release) :



  • The Central Gold Corridor resource estimate for the Chimo Mine property (FIGURE 1) was produced using a gold price of US $ 1,292 / ounce and a cut-off grade of 2.5 g/t Au:
                 

    • 461,280 ounces of gold in the indicated resource category from 3,263,300 tonnes at an average grade of 4.40 g/t Au;
       

    • 417,250 ounces of gold in the inferred resource category from 3,681,600 tonnes at an average grade of 3.53 g/t Au. 




  • Work on expanding resources is underway via:



    • This resources estimate of the North Gold Corridor and South Gold Corridor (FIGURE 2);
       

    • The completion of the 10,000 m exploration drill program, using 2 drills, along the geometric extensions below the new Zones 5B4-5M4-5NE (FIGURE 1);
       

    • Carrying out internal engineering studies aimed at optimizing resources and ongoing exploration drilling.                        




« The positive results, obtained to date from the project, lead us to develop a more global optimization vision of the project» commented Philippe Cloutier, President and CEO.


Chimo Mine Project Characteristics



  • 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 3 compartment shaft with 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 recent drilling of Phases I, II and III, completed to date by Cartier on the Chimo Mine property, consists of 113 holes totaling 50,001 m. 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 (FIGURE 1) and to develop the potential of Zone 6N1. These areas have excellent potential to deliver future discoveries.


About Cartier


Cartier Resources was founded in 2006 and 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 government. In 2018, the Fraser Institute again ranked Quebec as one of the best jurisdictions in the world for investment attractiveness.



  • The Corporation has a strong cash position with over $7,2M in the bank and important corporate and institutional investors including Agnico Eagle Mines and the Quebec investment funds.



  • Cartier’s strategy is to focus on gold projects that have an exploration potential for rapid expansion.



  • The Corporation holds a portfolio of 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 Corporation 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 geometric targets identified similar to the deposits that have been outlined on each project.


About InnovExplo


InnovExplo is a consulting firm offering services in mining exploration, mining geology, mineral resources, mining engineering, environment and sustainable development. Since its foundation in 2003, InnovExplo has worked on 450 different mandates for 170 junior mining exploration companies and producing companies. The firm has produced over 300 geological or engineering reports for projects affecting almost all of the spheres of activity of a mining project, from exploration to operation, mainly including the drafting of technical reports in accordance with NI 43-101.


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.


The independent qualified person for the issuer, responsible for the estimation of mineral resources for the North and South Gold Corridors on the Chimo Mine property, as defined in NI 43-101, is Mrs. Claude Savard, P.Geo. Senior Geologist with InnovExplo. Mrs. Savard declares that she has read this press release and that the scientific and technical information relating to the estimate of the resources presented herein is compliant.









For more information, please contact:

Philippe Cloutier, P.Geo.
President and CEO
Telephone: 819 856-0512
philippe.cloutier@ressourcescartier.com
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.


A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/882b16fa-b652-4e93-9250-360006fb22a8


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Chimo Mine project plan view: North, Central and South Gold Corridors



Chimo Mine project plan view: North, Central and South Gold Corridors



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8020 Admin

2 months ago

8020 Admin posted a press release Cartier Closes a $78,386 Private Placement in CARTIER RESOURCES INC.


VAL-D’OR, Quebec, Dec. 19, 2019 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX Venture Exchange: ECR) (“Cartier”) announces the closing of a private placement for gross proceeds of $78,386. Cartier issued 356,300 flow through shares at a price of $0.22 per share. Cartier did not pay any finder’s fees.


The securities issued under the private placement are subject to a four (4) month statutory hold period. The Offering remains subject to the final approval of the TSX Venture Exchange.


This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.


The common shares of Cartier are listed on the TSX Venture Exchange under the symbol “ECR”.


For more information, please contact:
Philippe Cloutier, P.Geo.
President and CEO
Telephone: 819 856-0512
philippe.cloutier@ressourcescartier.com  
www.ressourcescartier.com  


Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.


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8020 Admin

2 months ago

8020 Admin posted a press release Cartier Files NI 43-101 Technical Report on SEDAR for First Mineral Resource Estimate of the Central Gold Corridor on the Chimo Mine property in CARTIER RESOURCES INC.

VAL-D’OR, Quebec, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announces that it has filed on SEDAR the technical report titled "NI 43-101 Technical Report and Mineral Resource Estimate, Chimo Mine Project, Central Gold Corridor, Val-d'Or, Quebec, Canada", bearing the date of signature of the 17 December 2019.


The NI 43-101 compliant report, completed by GeoPointCom Inc. for Cartier, includes the mineral resource estimate for the Central Gold Corridor property along the Larder Lake - Cadillac Fault, 45 km to east of Val-d'Or. The report is available on SEDAR and on the Company's website.


Highlights as previously reported in the November 5th 2019 press release :



  • The Central Gold Corridor resource estimate for the Chimo Mine property (FIGURE 1) was produced using a gold price of US $ 1,292 per ounce and a cut-off grade of 2.5 g/t Au:
    - 461,280 ounces of gold in the indicated resource category from 3,263,300 tonnes at an average grade of 4.40 g/t Au;
    - 417,250 ounces of gold in the inferred resource category from 3,681,600 tonnes at an average grade of 3.53 g/t Au;


  • Work on expanding resources is underway via:
    - The estimate of the resources of the North Gold Corridor and South Gold Corridor (FIGURE 2);
    - The completion of the 7,000 m exploration drill program, using 2 drills, along the geometric extensions below the new Zones 5B4-5M4-5NE (FIGURE 1);
    - Ongoing planning of the 4,000 m Phase IV drill program on the peripheral extensions of Zone 6N1 (FIGURE 3), which is only 125 m away from underground infrastructure.


 The table of the sensitivity of the cut-off grade on the gold resources (FIGURE 1) is presented below:


read more here: https://quotemedia.com/portal/quote/?qm_symbol=ECR%3ACC&qmodStoryID=8007531841662202 

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8020 Admin

2 months ago

8020 Admin posted a press release Cartier Resources Grants Stock Options in CARTIER RESOURCES INC.


VAL-D’OR, Quebec, Nov. 28, 2019 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) (the “Company”) announces that the Board of Directors granted, on November 27, 2019, a total of 1,450,000 stock options to directors and officers and to one employee of the Company. Pursuant to the terms of the Company’s stock option plan, each option entitles the holder thereof to purchase one common share of the Company at a price of $0.125 per share until no later than November 26, 2024.


Contact:
Philippe Cloutier
President and CEO
Cartier Resources Inc.
Telephone: (819) 874-1331
Toll free: 877 874-1331
Fax: (819) 874-3113


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.



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8020 Admin

2 months ago

8020 Admin posted a press release Cartier Drilling Below Zones 5B4-5M4-5NE Discovery at Chimo Mine in CARTIER RESOURCES INC.

Highlights:



  • Re-launch of Phase III drilling under recently discovered Zones 5B4-5M4-5NE, which returned excellent results last June contributing to the Central Gold Corridor resources (FIGURE 1); 



  • Ongoing completion of the North and South Gold Corridor resource estimate for the Chimo Mine property (FIGURE 2); 



  • Planning is underway for Phase IV drilling on the periphery of Zone 6N1 (FIGURE 3)



VAL-D’OR, Quebec, Nov. 27, 2019 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) ("Cartier") announces that it has resumed Phase III drilling on the Chimo Mine property, located 45 km east of Val-d'Or. Two drills are currently exploring the geometric extensions of Zones 5B4-5M4-5NE gold discovery, that follow excellent results reported last June (5.6 g/t Au over 8.5 m including 9.9 g/t Au over 3.0 m and 8.3 g/t Au over 2.5 m, all included in a mineralized envelope of 27.8 m grading 2.5 g/t Au). This program consists of 7,000 m of directional drilling and targets a dozen intersections in the gold zones, via 2 pilot holes. 


"Drilling on Zones 5B4-5M4-5NE, recently led to the development of new gold resources and currently represents the best exploration potential on the property," commented Philippe Cloutier, President and Chief Executive Officer, adding that "this potential is in addition to the current resource estimate of the North and South Gold Corridor as well as the drilling of Zone 6N1."


Mineralization of the Chimo Mine property consists of 25 gold zones within 16 gold structures, that are grouped into three gold bearing corridors (FIGURE 2). On November 5th, via its press release titled: Cartier Publishes its First Mineral Resource Estimate of the Central Gold Corridor on the Chimo Mine property, the company reported its first resource estimate for the Chimo Mine property. The resource estimate was produced on the Central Gold Corridor which hosts Zones 5B, 5B2, 5B4, 5C, 5M, 5M2, 5M3, 5M4, 5N, 5NE and 6N1. Using a gold price of US $ 1,292 per ounce and a cut-off grade of 2.5 g/t Au the resource estimated yielded:



  • 461,280 ounces of gold in the indicated resource category from 3,263,300 tonnes at an average grade of 4.40 g/t Au;
     

  • 417,250 ounces of gold in the inferred resource category from 3,681,600 tonnes at an average grade of 3.53 g/t Au;


A resource estimate is in progress for the Northern Gold Corridor which consists of Zones 1A, 1B, 2B, 2, 2W, 3, 3E, 3W, 4B and 4B2 as well as for the Southern Gold Corridor which consists of Zones 6, 6B, 6P and 6P2 (FIGURE 2).


In addition, approximately 4,000 m of drilling is being planned to explore the peripheral extensions of Zone 6N1, which is only 125 m away from the underground infrastructure (FIGURE 3). 


Chimo Mine Project Highlights



  • 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 mils 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 3 compartment shaft with a depth of 920 m. Twenty sublevels and raises are also present. The headframe and the surface installations were dismantled in 2008 but the 25 kV power line and the sandpit are still in place.
     

  • The recent drilling of Phases I, II and III, completed to date by Cartier on the Chimo Mine property, consists of 109 holes totaling 49,251 m. 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 (FIGURE 1) 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 Messrs. 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% of the measured apparent length. NQ core samples are crushed up to 80% passing an 8 mesh (2.36 mm) and then pulverized up to 90% passing a mesh of 200 mesh (0,07 mm). 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. In 2019, the Fraser Institute ranked Quebec the fourth best in the world in terms of attractiveness for mining investments.



  • The company has a strong cash position with more than $ 8.1 million, as well as a significant corporate and institutional endorsement including Agnico Eagle Mines, JP Morgan UK 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.









For more information, please contact:
Philippe Cloutier, P.Geo.
President and CEO
Telephone: 819 856-0512
philippe.cloutier@ressourcescartier.com  
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.


A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c0c6b04a-eda6-4384-b0c0-fd524c7ca520


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November 27th Press Release - Plan View of Gold Corridors



November 27th Press Release - Plan View of Gold Corridors



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8020 Admin

3 months ago

8020 Admin posted a press release Cartier Publishes its First Mineral Resource Estimate of the Central Gold Corridor on the Chimo Mine property in CARTIER RESOURCES INC.

Highlights:



  • The Central Gold Corridor resource estimate for the Chimo Mine property (FIGURE 1) was produced using a gold price of US $ 1,292 per ounce and a cut-off grade of 2.5 g/t Au:           



    • 3,263,300 tonnes at an average grade of 4.40 g/t Au for a total of 461,280 ounces of gold in the indicated resource category;



    • 3,681,600 tonnes at an average grade of 3.53 g/t Au for a total of 417,250 ounces of gold in the inferred resource category; 







  • Work on expanding resources is underway via:           



    • The estimate of the resources of the North Gold Corridor and South Gold Corridor;



    • The preparation of exploration drilling of the geometrical extensions below the new Zones 5B4-5M4-5NE, which will start on November 20th using 2 drill rigs (FIGURE 1).





VAL D'OR, Quebec, Nov. 05, 2019 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) ("Cartier") announces the results of the mineral resource estimate of the Central Gold Corridor of the Chimo Mine property, located 45 km east of Val-d'Or. The estimate, completed and made available on November 4th, 2019, was prepared by Mr. Christian D'Amours, P. Geo., B. A. Sc. from GeoPointCom Inc., an independent Qualified Person as defined by NI 43-101.


"These resources, with existing underground infrastructure, are key elements of the Company's short-term growth strategy," commented Philippe Cloutier, President and Chief Executive Officer, adding that "this represents only a portion of the potential of the Chimo Mine property. The resource estimates for the North and South Gold Corridors are in progress and are in addition to, the potential that can be outlined via drilling soon to be launched below Zones 5B4-5M4-5NE, which reported excellent results last June."


The table of the sensitivity of the cut-off grade on the gold resources (FIGURE 1) is presented below:


Read more here: https://quotemedia.com/portal/quote?qm_symbol=ECR%3ACC&qmodStoryID=5164561087457685 

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8020 Admin

3 months ago

8020 Admin posted a press release Cartier Closes Private Placement for Total Proceeds of C$2.94M in CARTIER RESOURCES INC.


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VAL-D’OR, Quebec, Oct. 31, 2019 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSXV: ECR) (the “Corporation” or “Cartier”) announced today that it has closed its previously announced private placement (the “Offering”) for aggregate gross proceeds of C$2,943,487. A total of 11,429,048 flow-through common shares of the Corporation at a price of C$0.21 per share, and 1,940,667 flow-through common shares at a price of C$0.28 per share which were donated by the initial purchasers to charity, were issued. The Offering was completed through Desjardins Securities Inc.


The gross proceeds of the flow-through shares issued under the Offering will be used to explore the Corporation’s Chimo Mine project.  The Corporation has agreed that an amount equal to the gross proceeds received by the Corporation will be used before 2021 to incur expenses which qualify as “Canadian exploration expenses” (CEE) and “flow-through mining expenditures” (each as defined in the Income Tax Act (Canada) and referred to as a “Qualifying Expenditures”) related to the exploration program of the Corporation. The Corporation will renounce to initial purchasers of flow-through shares such Qualifying Expenditures with an effective date of no later than December 31, 2019.


The shares issued under the Offering are subject to a four month and one day hold period expiring on March 1, 2020.  The Offering remains subject to the final approval of the TSX Venture Exchange.


In connection with the Offering, Desjardins Securities Inc. received a cash fee equal to 6% of the gross proceeds of the Offering.


The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.


About Cartier


Cartier Resources Inc. was founded in 2006 and 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 government.  In 2019, the Fraser Institute again ranked Quebec as one of the best jurisdictions in the world for investment attractiveness.



  • The Corporation has a strong cash position with over $8.1M in the bank and important corporate and institutional investors including Agnico Eagle Mines, JP Morgan UK and the Quebec investment funds.



  • Cartier’s strategy is to focus on gold projects that have an exploration potential for rapid expansion.



  • The Corporation holds a portfolio of 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 Corporation 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 targets identified similar to the deposits that have been outlined on each project.










For more information, please contact:
Philippe Cloutier, P.Geo.
President and CEO
Telephone: 819 856-0512
philippe.cloutier@ressourcescartier.com   
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.



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