Cartier Cuts 5.7 g/t Au over 4.0 m in Zones 5 Below Mine Infrastructure Doubling Resource Potential
Highlights:
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.
I have an article up at Seeking Alpha about how Canada Carbon (V.CCB) is fighting back against the activists who are trying to derail its Miller graphite project in Quebec.
Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) reports additional drill hole intersections grading 14.6 g/t Au over 3.0 m including 36.8 g/t Au over 1.0 m, 450 m below the Chimo Mine (FIGURE). These higher-grade sections are included within a section grading 5.8 g/t Au over 10.0 m included within an interval of 44.0 m grading 2.2 g/t Au. The Chimo Mine project is situated 45 Km east of Val-d’Or within the prolific Val-d’Or Mining Camp. Results continue to confirm the robustness of the gold system below the former mine.
We’re posting our friend Philippe Cloutier’s Cartier Resources (V.ECR) Talk-Deck Presentation.
Enforcer Gold Corp (“Enforcer” or the “Company”) (TSX-V: VEIN; FSE: N071) along with SOQUEM today announce the results of an amended and restated mineral resource estimate on the Mop-II gold-copper deposit at the Company’s Roger project. Enforcer is earning a 50% interest in the Roger project from project operator, SOQUEM.
Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the Corporation) announces that it now has data which confirm the presence of gold mineralization within 20 drill holes completed between 1.0 and 1.6 km at the Chimo Mine project, located 45 km east of Val-d’Or. All holes intersected gold mineralization similar to that at Chimo Mine, to which are added the following new results: 4.7 g / t Au over 5.0 m included within 1.8 g / t Au over 16.6 m and 3.6 g / t Au over 4.0 m included 1.3 g / t Au over 17.4 m (FIGURE).
Success in junior exploration depends on good management. Management which is able to find and acquire prospective properties and management which can evaluate those properties. But also management which can make the hard call to let a property go when it no longer makes sense for the company and its shareholders.