Announcement • Jun 03
Cartier Resources Inc. Reports Twelfth Batch Of Drilling Results From Main Sector At Cadillac Project
Cartier Resources Inc. has announced the twelfth batch of results from Main Sector from the 100,000-m drilling program on its 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec). Drill Hole Results: CA26-595 reported 2.1 g/t Au over 19.1 m including 19.6 g/t Au over 1.0 m and CA26-597 graded 1.4 g/t Au over 16.0 m including 9.8 g/t Au over 1.0 m (5B4 Zone). CA26-343 intersected 1.6 g/t Au over 12.0 m including 10.7 g/t Au over 1.0 m and CA26-344 reported 3.9 g/t Au over 3.0 m including 6.5 g/t Au over 1.0 m (5M Zone). CA26-596 graded 1.1 g/t Au over 10.0 m and CA26-597 intersected 1.1 g/t Au over 18.0 m (3E Zone). Recent drill results from holes CA26-343, 344, 595, 596 and 597 continue to demonstrate the strong near-surface potential of the Main Sector, with multiple parallel gold zones intersected. Holes 343/344 and 595/596/597 are located approximately 1.7 km apart, underscoring the significant extension of the gold system. Cartier has just completed its winter drilling phase and will redesign its initial 100,000-m drilling program in light of the excellent results obtained in the Contact and Hope Sectors. Table 1: Drill hole best assay results from Main Sector: CA26-341: 219.0-222.0 m, 3.0 m, 3.1 g/t Au, ˜195 m vertical depth, 6N1 Zone; including 221.0-222.0 m, 1.0 m, 7.3 g/t Au; and 353.3-366.0 m, 12.7 m, 1.8 g/t Au, ˜315 m vertical depth, 6 Zone; including 353.3-354.0 m, 0.7 m, 6.9 g/t Au. CA26-343: 97.0-109.0 m, 12.0 m, 1.6 g/t Au, ˜100 m vertical depth, 5M Zone; including 107.0-108.0 m, 1.0 m, 10.7 g/t Au. CA26-344: 125.0-128.0 m, 3.0 m, 3.9 g/t Au, ˜125 m vertical depth, 5M Zone; including 127.0-128.0 m, 1.0 m, 6.5 g/t Au. CA26-594: 104.0-113.0 m, 9.0 m, 1.6 g/t Au, ˜75 m vertical depth, 5B4 Zone. CA26-595: 86.0-89.0 m, 3.0 m, 4.3 g/t Au, ˜85 m vertical depth, 5NE Zone; including 88.0-89.0 m, 1.0 m, 9.3 g/t Au; and 173.9-193.0 m, 19.1 m, 2.1 g/t Au, ˜175 m vertical depth, 5B4 Zone; including 176.0-177.0 m, 1.0 m, 8.5 g/t Au; including 192.0-193.0 m, 1.0 m, 19.6 g/t Au. CA26-596: 24.0-34.0 m, 10.0 m, 1.1 g/t Au, ˜25 m vertical depth, 3E Zone. CA26-597: 37.0-55.0 m, 18.0 m, 1.1 g/t Au, ˜30 m vertical depth, 3E Zone; and 213.0-229.0 m, 16.0 m, 1.4 g/t Au, ˜200 m vertical depth, 5B4 Zone; including 215.0-216.0 m, 1.0 m, 9.8 g/t Au. Occurrences of visible gold (VG) have been noted in the drill core at various intervals. Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 55-90% of the reported core length intervals. The Main Sector is a highly prospective area featuring several newly defined high-priority drill targets and gold deposits including Chimo, East Chimo and West Nordeau with measured and indicated resources of 736,600 ounces (9.4 million tonnes at 2.4 g/t Au) and inferred resources of 2,036,800 ounces (29.1 million tonnes at 2.2 g/t Au). In addition, two new high-grade gold zones were discovered during Cartier's latest drilling campaigns, including the VG9 and VG10 zones. The three deposits lie along an east-west trending, sheared corridor (Cadillac Fault Zone) and occur at the contact between the hanging wall turbiditic sedimentary rocks (wacke-mudrock), locally conglomerates and iron formations of Cadillac Group and the footwall mafic volcanics (basalt) of Piché Group. This lithological contact is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition. The Main Sector, defined by at least twenty-six sub-parallel gold-rich zones, are typically and primarily associated with a fine-grained and disseminated arsenopyrite-pyrrhotite mineralization, with a pervasive biotite-chlorite-carbonate alteration, all crosscut by late-stage smoky and white quartz vein and veinlet stockworks containing visible gold. Locally, accessory minerals such as pyrite and tourmaline are observed. The ambitious 600-hole drilling program will both expand known gold zones and test new shallow surface high-potential targets. The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier’s recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration. The baseline studies will be dividend into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically. Drill core samples are sent to MSALABS's analytical laboratory located in Val-d’Or, Quebec, for preparation and gold analysis. The entire sample is dried and crushed (70% passing a 2-millimeter sieve). The analysis for gold is performed on an approximately 500 g aliquot using Chrysos Photon Assay™ technology, which uses high-energy X-ray excitation with gamma detection to quickly and non-destructively measure gold content. Alternatively, samples are submitted to Activation Laboratories Ltd. located in either Val-d’Or or Ste-Germaine-Boulé, both in Quebec, for preparation and gold analysis. The entire sample is dried, crushed (90% passing a 2-millimetre sieve) and 250 g is pulverized (90% passing a 0.07-millimetre sieve). The analysis for gold is conducted using a 50 g fire assay fusion with atomic absorption spectroscopy (AAS) finish, with a detection limit up to 10,000 ppb. Samples exceeding this threshold are reanalyzed by fire assay with a gravimetric finish to determine high-grade values accurately. Both MSALABS and Actlabs are ISO/IEC 17025 accredited for gold assays and implement industry-standard QA/QC protocols. Their internal quality control programs include the use of blanks, duplicates, and certified reference materials at set intervals, with established acceptance criteria to ensure data integrity and analytical precision. The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101). The Cadillac property contains total gold resource of 767,800 ounces in the measured and indicated category (10.0 Mt at 2.4 g/t Au) and 2,416,900 ounces in the inferred category (35.2 Mt at 2.1 g/t Au) across all the sectors.
