Cartier Resources: More Gold at Chimo

Over on Substack, I write about Cartier Resources (ECR.V). Philippe Cloutier is racking up the gold ounces at the old Chimo Mine site in Quebec. While we’re waiting for news, here’s the background.
Over on Substack, I write about Cartier Resources (ECR.V). Philippe Cloutier is racking up the gold ounces at the old Chimo Mine site in Quebec. While we’re waiting for news, here’s the background.
Cartier Resources (ECR.V) is a multi-project exploration company operating in Quebec’s prolific Abitibi Greenstone Belt. CEO Philippe Cloutier spoke to me on the phone a few days ago.
Cartier Resources (V.ECR) has released a third, updated, resource estimate for its Chimo Mine Project: 684,000 indicated and 1,358,000 inferred gold ounces with the potential for more gold ounces in all directions and at depth. This pushes the Chimo Mine project over the 2-million-ounce mark.
For the longest time, Cartier Resources (V.ECR) has been reporting high-grade gold from its Chimo Mine project. A couple of meters of +10 grams per ton (gpt) here and 16 gpt there. But it has never been the headline number for the Cartier press releases.
Cartier Resources’ (V.ECR) announcement of a revised 43-101 Resource Estimate with over one million ounces indicated and inferred at its Chimo mine in Quebec was not actually a surprise. CEO Philippe Cloutier told motherlodetv.net what the company was going to do back in February,