Philippe Cloutier, CEO of Cartier Resources, discusses the October 30, 2024 News Release – “Cartier cuts 7.2 g/t over 8.0 m at the new Portal Zone on the East Cadillac Property”
Cartier Resources’ October 30 news release highlights a high-grade gold discovery in the Portal Zone of its East Cadillac property, with top results of 7.2 g/t Au over 8.0 m, including 12.5 g/t Au over 2.0 m and 26.2 g/t Au over 0.5 m. This success is part of an ongoing 28,000 m, 174-hole program, which has revealed five new high-grade gold zones since March 2024. The recent findings align with historical results, confirming the continuity and potential of gold mineralization in the Portal Zone.
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Full release:
Cartier cuts 7.2 g/t over 8.0 m at the new Portal Zone on the East Cadillac Property
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#Gold #Mining #Exploration #Abitibi
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Cartier Resources focuses on developing gold deposits, notably the Chimo Mine in Quebec. With a solid resource base of 2.3 million ounces and a positive preliminary economic assessment (PEA), they offer compelling growth potential. Positioned in a mining-friendly jurisdiction with strong infrastructure and significant exploration upside, Cartier Resources is set to deliver substantial shareholder value.
TSXV: ECR | FSE: 6CA
HEAD OFFICE
1740, chemin Sullivan, bureau 1000
Val d’Or (Québec) J9P 7H1
T: 819-874-1331
TF: 1-877-874-1331
E: philippe.cloutier@ressourcescartier.com
W: ressourcescartier.com
For more information, contact:
Philippe Cloutier, President and CEO
Cartier Resources focuses on discovering and developing gold deposits in Quebec, Canada, with the Chimo Mine as their flagship project. Located in a mining-friendly region east of Val-d’Or, Quebec, the Chimo Mine has produced nearly 400,000 ounces of gold and now holds a resource of 2.3 million ounces. A recent Preliminary Economic Assessment (PEA) shows an NPV of $388 million CAD and an IRR of 21%, using a gold price of $1750 per ounce.
The company is set to drill over 160 holes in 2024, targeting new gold discoveries to expand the project’s potential. Key investment highlights include a large land package, strategic location, strong cash position of $3.8 million, and a shareholder base with notable investors such as Agnico Eagle and O3 Mining, who own nearly 40% of the company.
With supportive regulations, infrastructure, and skilled workforce in Quebec, Cartier Resources is well-positioned for growth and aims to unlock more value from the Chimo Mine project.
For more details, contact Philip Cloutier at 819-856-0512.
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#Gold #Mining #Exploration #Abitibi
