April 5, 2012
Cartier Ready to Increase Volume of the Pusticamica Gold Deposit / Benoist Project
Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) has an option to acquire a 100% interest in the Benoist project, situated in the province of Quebec (press release March 5th2012). The recent synthesis of the historical data has produced a 3D model of the Pusticamica deposit suggesting that the mineralized envelop is more important than previously interpreted. Results of this work also provides better guidance for the 5,800-meter drill programme planned in the 2012 budget and aimed at delineating the mineralized zone below 300 meters.
In the recent months, Cartier integrated and modeled data from 20,068 meters of drilling on the Pusticamica deposit completed between 1989 and 1997. The review integrates additional data to those used by Minnova in 1993 to perform its evaluation of resources. “The reinterpretation of the data with modern tools allows us to better link together different types of data and provides us with a different perspective on the deposit, and more specifically on the potential for increasing its size. We are now well equipped to perform the upcoming drill programme” commented Philippe Cloutier, President and CEO.
In 1993, prior to the implementation of NI43-101, Minnova had estimated en inferred resource of 482,000 tons at 5.51 g/t Au, 12.10 g/t Ag and 0.27 % Cu, representing 91,000 ounces of gold. The table below shows a selection of the best intersections that cored through the deposit:
|Drill Hole||Au (g/t)||Length (m)||Ag (g/t)||
*TheMetalFactor (MFAU) is the product of the gold content by the length, representing the amount of gold contained in the rock.
The Pusticamica gold deposit is located at the intersection of two faults, within a homogeneous volume of granodiorite rocks. It is currently delineated over 200 meters long by 50 meters wide and plunges 50° to the southwest. “Gold concentration in the rock is high and relatively homogeneous within the enrichment envelope, with a cylindrical geometry. More significant to us is that the potential for increasing the size of the deposit is open beyond 300 meters at depth as well as and in the lateral extensions”concluded the President.
The project is located 65 kilometers northeast of the town of Lebel-sur-Quevillon and is accessible via a network of forestry roads. The Pusticamica gold deposit is situated 25 km south-west of the Bachelor Mine and 30 km north-east of the Gonzague-Langlois Mine.
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 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
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.