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Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE: 6CA) is pleased to announce the second batch of results from Main Sector and more precisely, the VG9 Zone, from the fully funded 100,000-m drilling program (2 drill rigs) on its 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec).
Philippe Cloutier, CEO of Cartier Resources (ECR.V) was already sitting on an indicated and inferred gold resource of just under 3 million ounces at and near the Chimo mine in Quebec. But he was pretty certain the geology surrounding the former past producing mine property is part of a gold trend along the prolific Larder Lake – Cadillac Fault Zone. Cartier acquired land adjacent to the Chimo Mine property in 2022, identified over 50 Potential Gold Intersections Over 15 Favorable Kilometers based on historical drilling over the previous 60 years by over a dozen operators and has been drilling for the last year.
Greg Nolan does a great job running through a dozen explorers and development companies in the Abitibi.
Investors know that junior exploration companies are risky; what they often don’t know is that many juniors are not risky enough.
The great thing about brownfield exploration is that you know the gold is there. All the more so if you are exploring in one of Canada’s greatest gold districts, the Abitibi and the Val-d’Or Mining Camp.
The Abitibi is one of the world’s premier gold camps. Whether it is deep beneath an old mine or a fresh look at a former exploration site, the Abitibi offers tremendous opportunities for creative gold explorers. A fact which Steve Roebuck, CEO of Enforcer Gold (V.VEIN), is fully aware of.
When the gold price crashed to less than $300 an ounce in the late 1990s many gold mines in Canada went into “care and maintenance”. And when that price failed to recover these mines were, effectively abandoned.