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Following its press release of February 23, 2021, Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the “Company”) announces the execution of a definitive agreements with SOQUEM Inc. (“SOQUEM”) in connection with the acquisition by Cartier of all the rights and interests of SOQUEM (i.e. 50%) in a group of 14 mining claims located 50 km southwest of Chapais in consideration for a purchase price of $700,000 payable as follows: (a) an amount of $300,000 in cash and (b) the issuance of 1,261,431 common shares of Cartier.
Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announces the results industrial sorting tests of mineralisation representative for the Chimo Mine property, located 45 km east of Val-d'Or. The tests were carried out by two laboratories: Corem in Quebec (Canada) and Steinert US in Kentucky (USA).
Highlights : The new resource estimate consists of (FIGURE) : 6,616,000 tonnes at an average grade of 3.21 g/t Au for a total of 684,000 ounces of gold in the Indicated category and; 15,240,000 tonnes at an average grade of 2.77 g/t Au for a total of 1,358,000 ounces of gold in the Inferred category. The resource estimate is constrained using DSO “ Deswik Stope Optimizer ” with a cut-off grade of 2.0 g/t Au for the North and South Gold Corridors and 1.5 g/t Au for the Central Gold Corridor and using a price of gold of USD 1,612 US / oz.
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Founded in 2006, Cartier Resources Inc. is an exploration company focused on the Abitibi gold belt in Quebec, one of the best mining territories in the world.
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