Cartier Resources Inc.
TSX VENTURE : ECR

Cartier Resources Inc.

November 17, 2017 08:00 ET

Cartier Intersects 9.4 g/t Au Over 6.5 Meters at Chimo Mine

VAL-D'OR, QUÉBEC--(Marketwired - Nov. 17, 2017) -

Note to editors: A photo is associated with this press release.

Cartier Resources Inc. (TSX VENTURE:ECR) ("Cartier") is pleased to announce results from its 25,000-m ongoing drill program on the Chimo Mine property, located 45 km east of Val-d'Or. The 2B Zone (2 Structure) was intersected 150 m east-north-east of the shaft (FIGURE). The intersection graded 9.4 g/t Au over 6.5 m including 56.0 g/t Au over 0.5 m and 25.2 g/t Au over 2.0 m (refer to Table below).

Drill Hole From
(m)
To
(m)
Lenght
(m)
Au
(g/t)
Gold
Zone
Gold
Structure
CH17-16 315.4 315.9 0.5 56.0 2B 2
Included in 314.9 316.9 2.0 25.2
Included in 312.4 318.9 6.5 9.4
CH17-16 406.3 407.0 0.7 12.3 4E 4
Included in 405.1 407.0 1.9 6.3

Lengths are expressed along drill core axis. The true thickness was not determined.

The 2B Zone intersection is situated 50 m below the 2016 program, CH16-01, drill hole intersection which returned 17.3 g/t Au over 3.0 m included within 8.2 g/t Au over 7.0 m.

Drill hole CH17-16 also intersected, 150 m below the 4E Zone projection at depth, 6.3 g/t Au over 1.9 m including 12.3 g/t Au over 0.7 m. The gold-bearing intersections are characterized with biotite-chlorite alteration and mineralization consisting of visible gold grains (PHOTO), arsenopyrite and/or pyrrhotite mineralization, smoky and/or white quartz veining. All other assay results from the two drills active on the property are still pending.

This 3D VIDEO 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 2 and 4 Structures are presented in the video.

«These results illustrate the potential of the 2B Zone. High grade gold mineralization in this area now extends to a depth of 300 meters » commented Philippe Cloutier, President and CEO of Cartier adding, « additional drilling in this area is planned to further explore the depth extension of this Zone ».

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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