August 31, 2020

“Cartier Resources Tags High-grade Gold at Chimo – Targets Benoist and Fenton with Aggressive Exploration Plans” – Greg Nolan – Highballer Stocks article

Greg Nolan of Highballer Stock notes…

“Today, another stock on our top three listCartier Resources (ECR.V)tagged multi-year highs. It’s one of my favorite charts in the junior exploration arena, a chart characterized by an orderly stair-stepping accumulation patterna series of higher highs and higher lows…”

Cartier was given “Top Three” status because I believe the company has an endgame: a resource-hungry producer will acquire the company’s Chimo Mine Project and richly reward Cartier shareholders in the process.

A quick review of Chimo’s fundamental/technical advantages:

  • it’s located in a mining-friendly jurisdiction, in a region steeped in mining culture and history;
  • it has a significant resource that continues to grow (details further down the page);
  • it’s a past producer (Cartier has metallurgical and production data that unlock Chimo’s defining characteristics);
  • it has a 920 meter shaft with multiple drifts allowing ease of access to the deposits deeper subsurface layers;
  • it’s near a paved highway;
  • it’s is within easy reach of six local mills (no need to build a mill onsite).

Read the entire article here.