Cartier Resources Inc.

Cartier Resources Inc.

March 06, 2018 08:15 ET

Cartier Cuts 6.5 g/t Au over 4.0 m, 165 m below Zone 3 at Chimo Mine

VAL-D'OR, QUÉBEC--(Marketwired - March 6, 2018) - Cartier Resources Inc. (TSX VENTURE:ECR) ("Cartier") is pleased to announce new results from its ongoing 34,000-m drill program on the Chimo Mine property, situated 45km east of Val-d'Or. These new results were intersected at a depth of 635 m along the extension of Zone 3 (FIGURE).

Intersections grading 24.8 g/t Au over 1.0 m included within 6.5 g/t Au over 4.0 m and included within 1.6 g/t Au over 25.0 m were cut 165 m below historic stopes of Zone 3 (Structure 3) (FIGURE). Also, intersections grading 3.7 g/t Au over 2.2 m including 5.9 g/t Au over 1.1 m were intersected 130 m west of stopes of Zone 5M (Structure 5M) at a depth of 80 m. The new gold-bearing intersections as well as additional gold-bearing intervals of interest are presented in the table below. All other assay results from the four drills active on the property are still pending.

Drill Hole From
CH17-29 666.8 667.8 1.0 24.8 3 3
Included within 666.8 670.8 4.0 6.5
Included within 660.8 685.8 25.0 1.6
CH18-38 90.0 91.1 1.1 5.9 5M 5M
Included within 88.9 91.1 2.2 3.7
CH18-38 419.0 419.5 0.5 13.6 6B 6B
Lengths are expressed along drill core axis.The true thickness was not determined.

« Zone 3 was the second most productive gold-bearing zone in terms of ounces produced at the Chimo Mine. These results show that gold mineralization continues at depth below the stopes of the Zone » commented Philippe Cloutier, President and CEO of Cartier, adding « Drill hole CH17-29 first cut Zone 3, then 150 m further downhole, cut Zone 5M (February 14, 2018, Press Release: with 1.9 g/t Au over 13.0 m including 3.8 g/t Au over 3.0 m) ».

A 3D VIDEO, also available on Cartier's website, helps visualize the different gold-bearing structures on the Chimo Mine property as well as key components that are the mine infrastructures, the gold-bearing zones, the gold intersection areas left unmined as well as the 281 targets of the ongoing drill program. The 3 Structure is presented in the video.

Quality Assurance / Quality Control

All lengths, mentioned in this press release, were measured along the drill core. The NQ core samples are crushed up to 80% passing 8 mesh sieves and then pulverized up to 90% passing a 200-mesh sieve. Cartier inserts 5% of the number of samples in the form of certified standards and another 5% in the form of sterile 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 atomic absorption. For samples containing visible gold, 1000 g of rock are directly analyzed by the "Metallic Sieve" method.

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 Resources. Mr. Lavallière is a qualified person as defined by National Instrument 43-101.

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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