March 15, 2012
Cartier Cuts Massive Sulphides Grading 281 g/t AgEq Over 4.0 Meters on Cadillac Extension
Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announces diamond drill results for the Langlade Deposit on the Cadillac Extension project. Intersections with massive sulphides graded up to 281 g/t Silver Equivalent (AgEq) or 2.9% Copper Equivalent (CuEq) over 4.0 meters included within a broader interval grading 79 g/t AgEq or 0.8% CuEq over 32.0 meters. These are the remainder of the results from the 2011 drilling which consisted of 10 shallow drill holes for a total of 1 238 meters. The results are presented in the table below and on Figure 1.
Table: Weighted averages for drill hole intersections at Langlade
*Results presented in February 7th 2012 Press Release
“Drilling is currently in progress to continue delineation of the copper-zinc-silver-gold mineralization and identify new high grade and wider mineralization at depth”, commented Philippe Cloutier, President and CEO of the company, adding “Photonic Knowledge’s Core MappeRTM imagery data was factored with all of Cartier’s lithogeochemistry and assay results. This produced a geometric metal vector that the current drill program is testing”. A High Power Induced Polarization survey was completed over the Langlade area and results are currently being processed. Results will be released when available.
AgEq and CuEq Calculation
AgEq and CuEq calculation represents the total metal value for each metal, multiplied by the conversion factor, summed and expressed in equivalent silver grade. These results are exploration results only and no allowance is made for metallurgical recoveries. The conversion factors used were: 1 kilogram (kg) = 2.2046 pounds (lbs.) and 1 ounce = 31.104 grams (g). The AgEq and CuEq calculation was done using the following tree last year average metal prices: price of copper = 3.3$/lb., price of zinc = 0.90$/lb., price of silver = 23.8$/oz. and price of gold = 1,270$/oz.
Figure 1: Plan view of Langlade mineralization
Quality Assurance / Quality Control
The exploration program and the technical information presented in this press release have been reviewed and approved by Mr. Philippe Berthelot, P. Geo., and Vice President Exploration for Cartier. Mr. Berthelot is a qualified person as defined by National Instrument 43-101. The Cadillac Extension exploration program is conducted under the supervision of Mr. Berthelot. Cartier has implemented and adheres to a strict Quality Assurance / Quality Control program which includes mineralized standards and blanks for each batch of samples. Assay samples are taken from drill core sawed in half with one half sent to a commercial laboratory and the other half retained for future reference. Analyses are either performed by Techni-lab S.G.B. Abitibi Inc. (ACTLABS) in Sainte-Germaine, Quebec, an accredited laboratory.
The Company’s objective is to set up a dynamic process which will allow it to develop and maintain a balanced portfolio of mining projects ranging from exploration to resource definition, development and production. Its VISION is to develop the company’s current and future assets into near to medium term mineral production with a schedule consistent with its human and financial resources and respecting sustainable development practices.
For further information please contact:
President and CEO
Cartier Resources Inc.
Phone: 819 874-1331
Toll-free: 877 874-1331
Fax: 819 874-3113
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.