Cartier Resources Inc.-Chimo Mine Project: Three New Potential Gold Areas Identified
VAL-D'OR, QUEBEC--(Marketwired - Aug 26, 2014) - Cartier Resources Inc. (TSX VENTURE:ECR) ("Cartier") announces the results of the compilation and interpretation of the historical data(1) of the Chimo Gold Mine that is presently closed. The Chimo Mine project is situated at the south-eastern extremity of the Val-d'Or Mining Camp in Quebec. This work has led to the discovery of three areas with strong exploration potential including the North Area. The latter consists of six structures hosting un-mined zones with a concentration of economic grade gold intersections that offers the potentiel for new discoveries.
Diamond drill results report intersections such as 44.7 g/t Au over 1.3 m and 16.4 g/t Au over 3.6 m on a newly identified gold-bearing structure named Zone 4B as well as 16.7 g/t Au over 2.2 m also situated on a newly identified gold-bearing structure named Zone 4. The portions of the un-mined zones, situated peripheral to stopes of zones 4B, 3, 2 1B and 1A, report mineralized intervals that graded 29.4 g/t Au over 6.8 m, 58.5 g/t Au over 2.0 m, 22.6 g/t Au over 2.4 m, 6.0 g/t Au over 8.6 m and 6.2 g/t Au over 5.9 m. The new gold-bearing structures as well as the extensions of the un-mined gold zones have had little or no follow-up drill testing.
"The North Area of the property shows many exploration targets" comments Philippe Cloutier, president and CEO, adding "the high grades and widths of the mineralization define targets that start from surface and extend at depth. The repetion of mineralized zones along the structures increase the potential of defining additional volumes of mineralization that could be similar to Zone 3".
In the next several weeks Cartier will release the results of the on-going program on the Chimo Mine project, specifically for the potential of the Central and South areas of the project.
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. Mr. Lavallière is a qualified person as defined by National Instrument 43-101.
(1) The data referred to in this press release was produced by Chimo Gold Mines Ltd, Société Minière LOUVEM Inc. and Cambior Inc. and as such were submitted to the QA/QC of those companies. The Cartier Resources QA/QC process was limited to the compilation and interpretation of that data.
Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.
Figures are available at the following addresses:
http://www.ressourcescartier.com/sites/RessourcesCartier2/fr/projet/mineChimo/Figure-5_Plan-view.pdf
Contact
Cartier Resources Inc.
Philippe Cloutier, P.Geo.
President and CEO
819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com
Cartier Resources Inc.
Louis Morin
Investor relations
514-845-1101