Tag: O3 Mining

Cartier Intersects High-Grade Intersection of 35.3 g/t Au over 4.4 m North of the Portal Zone on East Cadillac

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Cartier Resources

 Cartier Resources Inc. (TSXV: ECR, FSE: 6CA) (“Cartier or the Company”) announces drill results in the Portal area, on the East Cadillac property, 100% owned by Cartier and located 45 km east of the Val-d’Or mining camp. read more

Cartier Delivers Positive PEA for Chimo Mine Project Post-Tax NPV5% of CAD$388M and 20.8% IRR

Long term gold price of US$1,750/oz, Exchange rate of CAD$1.00 = US$0.77 Post-tax NPV5% of CAD$388M and IRR of 20.8% Post-tax payback period of 2.9 years and mine life of 9.7 years Capex of CAD$341M Average all-in sustaining cost of US$755/oz Average annual production of 116,900 oz 4,500 tpd underground operation Average sorted grade of 4.55 g/t Au for mill feed Processing plant with capacity of 3,000 tpd and rate of recovery of 93.1% Sorting of mineralization increases the grade of material prior to milling operations and recovery rate and also reduces costs of mill construction, material handling, milling and restoration leading to a reduced environmental footprint of mine tailings and thus increasing the social acceptability of the project
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Cartier Resources

Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) is pleased to announce the positive results of the Preliminary Economic Assessment (“PEA”), prepared in accordance with National Instrument 43-101 – Standard of Disclosure for Mineral Projects (“NI 43-101”), on the Chimo Mine Project located 45 km east of the Val-d’Or mining camp. read more