• TSX-V:ECR 0.11 (-0.01)
  • Volume 97643

Press releases

February 2, 2012

Cartier Provides 2011 Review and 2012 Plan

Val-d’Or, Quebec, February 2nd, 2012 – Cartier Resources Inc. (TSX-V: ECR) (“ Cartier ”) is pleased to provide a review of 2011 while looking forward to key near term milestones the Company expects to achieve in 2012.

Philippe Cloutier, President and CEO stated: “2011 has been the transitional year we wanted for Cartier. We added value to key projects. For example, on Dollier, we started the year with a surface showing and drilled 28 holes, at year end we could see the mineralized zone developing at depth and laterally. On Cadillac Extension, results were even more conclusive as the Langlade deposit now shows a potential for a resource, and new discoveries provide upside for the eastern portion of the project. ”

Cartier developed a three-year plan to achieve important milestones. 2012 starts with drilling on the high profile Cadillac Extension project. “We intend to acquire two new advanced projects and are confident that Cartier will have at year end achieved significant steps toward providing our investors with resource based projects.

2011 highlights on key projects: 


2011 Review

2012 Plan

Cadillac Extension
  • Expansion of the surface expression with significant Cu-Zn-Ag-Au surface channel results on Langlade deposit (September 28th) and new discoveries over the eastern part of the project (October 6th)
  • Completed Phase 1 drill program on Langlade deposit (10 holes for 1,238 meters) (November 8th)
  • Results of the Phase 1 – Langlade drill program
  • Phase 2 – Drilling on Langlade for depth continuity
  • Results of metallurgic tests from Langlade Deposit
  • Reconnaissance Drill program on new eastern targets
  • Two drill programs (28 holes / 3,233 m )
  • Results of the Phase 1 confirm the lateral and depth continuity of Main Gold Zone (May 3rd 2011)
  • Results of Phase 2 Drill Program
  • Seek partner for this drill-ready project
Rivière Doré
  • Option and joint venture agreement with Copper One (January 18th)
  • High priority targets identified from exploration program (March 15th)
  • Suspension of exploration work following discussions with Algonquin Community of Rapid Lake (July 8th)
  • Sale of project to  Copper One (December 1st)
  • Monitor progress of Copper One (Cartier owns shares and a royalty)

Other 2011 highlights: 

  • 10,535 meters drilled
  • Addition of Dr Gaetan Lavalliere as VP Corporate Development (September 7th)
  • Environmental and Social Responsibility Award – e3 Plus (November 24th)
  • Completion of a 3.1 M$ equity financing (December 22nd)

2012 Objectives:

  • Drill 15,000 meters
  • Announce the acquisition of projects with a resource base
  • Advance drilling on resource potential projects
  • Complete agreements with partners for its drill ready Dollier, Diego and MacCormack projects
  • Continue e3 Plus commitment
  • Secure funding

Other projects 

2011 Review

2012 Plan

  • Completion of exploration requirements  for acquisition – 1M$ (2008-2011)
  • Official announcement of acquisition of 100% interest
  • Airborne geophysical survey
  • Phase 1 drill program
  • Results of Phase 1 drill program
  • Seek partner for this drill-ready project
  • Geophysical surveys and drilling on the Porcupine-Destor Zone (February 3rd)
  • Seek partner for this drill-ready project

About Cartier
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:
Philippe Cloutier
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.v