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Cartier announces geophysical and drilling results for Benoist Property, The Canadian Business Journal

Val-d’Or, Quebec, November 26, 2021 (GLOBE NEWSWIRE) — Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or “society”) Is Abtibi Geophysique Inc at the Benoist property located 65km northeast of LebeL-sur-Kevyon, Quebec, Canada. Presented the results of the InfiniTEM® XL geophysical survey and subsequent drilling. The program aimed to further develop the project’s potential according to the results of the initial NI 43-101 resource estimate.1, Published on January 29, 2021 (Figure 1).

1: Cartier submits to SEDAR the NI43-101 Technical Report on Mineral Resource Estimates of Benoist Properties, InnovExplo Inc., and MM’s Pusticamica Gold Deposit. Beausoleil and Sabad, January 28, 2021.

Surface geophysical and geophysical surveys conducted at the drillhole show the presence of weakly conductive mineralization around the Psticamica deposit, with a strike length of 3.0 km and a width of 350 m, located beneath Lake Pstichamica. An overview of the zones of anomalous conductance related to. ((((shape 2).

The drill program, which was conducted from January 5th to September 30th, 2021, consisted of 27 holes, totaling 17,000m. The two phases of the program are:

  • Ten holes were drilled along the lateral extension of the Pushikamika gold deposit in the anomalous conductance zone to investigate the potential of the gold to discover new deposits. Drill holes tested at depths of 150m to 500m under Lake Pushikamika (Figure 3), 85% of the surface of the currently known potential gold corridor, with an average spacing of 200 m.
  • Along the depth extension of the Pusticamica gold deposit, 17 deep holes from 700 m to 1,300 m (700 m to 1,300 m) have been completed.Figure 3), Increase the size of deposits, and / or discover new gold zones.resource1 The Pushikamika gold deposit contains 134,400 ounces of Au in the indicated category and 107,000 ounces of Au in the estimated category.
  • All drill holes under the Pusticamica deposit are sulphide and alteration zones (Figure 4) Estimated length 1,400 m (inclined 60 degrees southwest), width 300 m, thickness 21 m to 39 m, weighted average grades are 0.66 g / tAu and 0.40 g / tAu, respectively.
  • Additional drill results are pending.

«As demonstrated in recent drilling, the Benoist mineralization system exists over a strike length of 3 km, reaches a width of 350 m and a depth of 1300 m, and is still open.Contains resources1 Of the Pushika Mika deposit. However, excavation in 2021 did not identify additional high-grade zones. We will continue to receive results and reassess the potential of the Benoist project upon completion of all drilling data »President and CEO Philippe Cloutier commented.

About Cartier
Founded in 2006, Cartier Resources Inc. is a Baldor-based exploration company. All of the company’s projects are located in Quebec, which is regularly ranked among the best mining jurisdictions in the world. Cartier is developing its flagship Mainimo project and is actively exploring other projects. We have a solid cash position of over $ 6.3 million and significant corporate and organizational support, especially with Agnico Eagle Mines, Jupiter Asset Management, and the Quebec Investment Fund.

Qualified person
Our scientific and technical information contained in this news release is from Cartier Vice President Gaétan Lavallière, P. Geo. , Ph.D, and P.Geo, M.Sc. Created and reviewed by Ronan Déroff of. , Senior geologist, project manager, geographer, both qualified as defined in NI 43-101. Lavallière endorsed the information contained in this press release.

Neither the TSX Venture Exchange nor its regulatory service provider is responsible for the validity or accuracy of this press release.


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Cartier announces geophysical and drilling results for Benoist Property, The Canadian Business Journal

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