I last wrote about Cartier Resources (ECR.V) in September when CEO Philippe Cloutier and his team had just kicked off their 100,000 meter, 600 hole drill program at their Cadillac project on the Abitibi gold belt in Quebec. ECR shares were trading at $0.17 and gold was trading around $3600 an ounce. Three weeks later, ECR is trading at $0.21 and gold at $4018 is blowing through $4000.
Most importantly, Cartier has returned the first of what will be hundreds of results. In two press releases covering holes drilled at what ECR describes as Main Sector, VG9 zone. VG has a specific meaning in gold exploration: visible gold. Usually tiny specks of gold visible to the naked eye (but more fun with a loupe).
All three of the holes reported today have visible gold grains. They also have gold values hitting highs of 35.5 g/t Au over 0.5 m and 20.4 g/t Au over 0.5 m. Very encouraging, but frankly, not unexpected. Cartier has a pretty good idea, based on earlier drilling, historic work, soils testing and sampling, of the geology at the Cadillac project. The drill program is designed to take hypothetical gold ounces into the company’s gold inventory. (Read complete article….)
TSXV: ECR | FSE: 6CA
$ECR.v
#Gold #Mining #Exploration #Abitibi
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About Cartier Resources
Founded in 2006 and based in Val-d’Or, Québec, Cartier Resources is advancing the Cadillac Project, a 15-kilometre land package along the world-class Larder Lake–Cadillac Fault Zone. Recent drilling has outlined 10 gold-bearing zones with grades up to 173.5 g/t gold, all open for expansion. Supported by Agnico Eagle Mines (27%) and major institutions, Cartier is executing a 100,000-metre drill program to advance near-surface systems and new AI-identified discoveries.
HEAD OFFICE
1740, chemin Sullivan, bureau 1000
Val d’Or (Québec) J9P 7H1
T: 819-874-1331
TF: 1-877-874-1331
E: [email protected]
W: ressourcescartier.com
For more information, contact:
Philippe Cloutier, President and CEO