VAL-D’OR, Quebec, June 02, 2022 (GLOBE NEWSWIRE) — Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) entrusted InnovExplo inc. (“InnovExplo”) the mandate to estimate the gold resources of the Nordeau Ouest deposit located 450 m east of the Chimo Mine property and to prepare a technical report in accordance with NI 43-101. The Chimo Mine property and the adjoining East Cadillac property, containing the Nordeau West deposit, whose interests are 100% owned by Cartier, are located 45 km east of Val-d’Or along the Cadillac- Lard Lake.
Over the past two years, three (3) NI 43-101 resource estimates have been completed on the Chimo Mine property with 684,000 oz of Au in the indicated category and 1,358,000 oz of Au in the inferred category.1 Category. The recent acquisition of the Nordeau West deposit increases the NI 43-101 resource to 714,400 oz of Au in the indicated category and 1,527,400 oz of Au in the inferred category.1.2 Category; strengthen the economic aspect of the Chimo Mine project.
“This new resource estimate will allow the NI 43-101 resources of the Nordeau Ouest deposit to be incorporated into resource estimation parameters that take into account the lateral proximity of existing and planned mining infrastructures on the Chimo Mine property”, commented Philippe. Cloutier. , President and CEO of Cartier Resources.
1 “NI 43-101 Technical Report and Mineral Resource Estimate Update for the Chimo Mining Project, Quebec, Canada, Christine Beausoleil, P. Geo. and Claude Savard, geo., InnovExplo inc., March 2021”.
2 « Technical Report and Mineral Resource Estimate 2019: East Cadillac Gold Project, Val-d’Or, Quebec, John Langton, P. Geo., Vincent Jourdain, P. Eng., MRB & Associates, April 30e 2019”.
About Cartier Resources Inc.
Cartier Resources Inc. was founded in 2006 and is an exploration company based in Val-d’Or. The company’s projects are all located in Quebec, which has consistently ranked among the best mining jurisdictions in the world. Cartier is advancing the development of its flagship Mine Chimo project and is actively exploring its other projects. The Company has a solid cash position of over $7.0 million and significant corporate and institutional support, including Agnico Eagle Mines, O3 Mining and Quebec investment funds.
About InnovExplo Inc.
InnovExplo Inc. is a consulting firm offering services in mineral exploration, mining geology, mineral resources, mining engineering and sustainable development. Since its founding in 2003, InnovExplo inc. worked on 450 different mandates for 170 junior mining exploration companies and producers. The firm has produced more than 300 geological or engineering reports for projects covering almost all areas of a mining project, from exploration to exploitation, mainly including the writing of NI 43-101 technical reports.
The scientific and technical information on the Company and the Chimo Mine project contained in this press release was prepared and reviewed by Mr. Gaétan Lavallière, P. Geo., Ph. D, Vice-President of Cartier, and Mr. Ronan Déroff , P. Geo. , M. Sc., senior geologist, project manager and geomatician at Cartier, both qualified within the meaning of NI 43-101. Mr. Lavallière has approved the information contained in this press release.
For more information contact:
Philippe Cloutier, geo.
President and CEO
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