Cartier Resources announces the results of its ongoing drilling program for the Chimo Mine Project. The project comprises the Chimo Mine and East Cadillac properties, the latter of which was acquired on April 7, 2022 and has not been explored by Cartier to date. Both properties are 100% owned by Cartier and are located 45 km east of the Val-d'Or mining camp. The results were obtained in the VG Structure at a depth of 35 m [...]
Cartier Resources starts a 25,000 m exploration drilling program on the Chimo Mine Project. The Project comprises the Chimo Mine and East Cadillac properties, the latter of which was acquired on April 7th, 2022, and has not yet been explored by Cartier. Both properties are 100% owned by Cartier and are located 45 km east of the Val-d'Or mining camp. Highlights 25,000 m drilling program over a lateral distance of 11 km [...]
Cartier Resources announces that the Board of Directors granted, on December 15, 2023, a total of 2,650,000 stock options to directors and officers and to one employee of the Company. Pursuant to the terms of the Company's stock option plan, each option entitles the holder thereof to purchase one common share of the Company at a price of $0.105 per share until no later than December 14, 2028. Contact: Philippe Cloutier [...]
Cartier Resources is pleased to announce that it has completed a non-brokered private placement of 13,000,000 national flow-through common shares and 11,000,000 Québec flow-through common shares for aggregate gross proceeds of $2,510,000. The National Flow-Through Shares were issued at a price of $0.10 per share and the Québec Flow-Through Shares were issued at a price of $0.11 per share. Each National FT Share and Québec [...]
Cartier Resources presents the potential of gold-bearing intersections for future discoveries over 15 km favorable Gold Strike on Chimo Mine Project. The Project is comprised of the Chimo Mine and East Cadillac properties of which this latter was acquired April 7th, 2022. The Project, 100% owned by Cartier, is located at 45 km east of the Val-d'Or mining camp. "The exploration targets of this new area and not yet explored [...]
Cartier Resources announces that Mr. Michel Bouchard has resigned as director of Cartier. Mr. Laliberté, Chairman of the Board, would like to sincerely thank Mr. Bouchard for his professionalism and the contributions he has made to the Board of Directors of Cartier over the years. The Board will proceed with a reorganization of the committees in which Mr. Bouchard was active and seek candidates to fill the vacant [...]
Cartier Resources announces drill results constituting the new VG Gold Zone, located north of the West Nordeau deposit of the Chimo Mine Project. The Project, comprised of the Chimo Mine and East Cadillac properties is 100% owned by Cartier. The VG Zone, currently made up of 5 high-grade gold drill intersections, is located between 75 m and 150 m depths. A drill intersection with simi...
Cartier Resources presents an update of the potential for the Chimo Mine Project, the latter of which was acquired in the spring of 2022. The Project, 100% owned by Cartier, is located at 45 km east of the Val-d'Or mining camp. The favorable context for discovery of Chimo Mine type gold mineralization, as defined by Cartier's work over the past 10 years, occurs along a 15-km long east-south-east - west-north-west oriented [...]
Highlights of the press release : West Nordeau Sector / 5N Gold Structure / 5NE2 Gold Zone 3.2 g/t Au / 15.0 m including 6.0 g/t Au / 3.0 m 2.3 g/t Au / 7.0 m including 6.9 g/t Au / 1.0 m West Chimo Mine Sector / 6N1 Gold Structure 25.7 g/t Au / 0.8 m 6.0 g/t Au / 2.0 m including 11.7 g/t Au / 0.6 m 9.6 g/t / 1.0 m VAL-D'OR, Quebec, July 13, 2023 -- Cartier Resources Inc. announces drill hole results from the West Nordeau [...]
Highlights of the press release : • Continuity of the 4BW Gold Zone: • 3.7 g/t Au / 6.0 m including 20.2 g/t Au / 1.0 m • 1.6 g/t Au / 15.0 m including 22.8 g/t Au / 0.5 m • New Gold Intersections: 5N Gold Structure: • 4.5 g/t Au / 5.0 m including 14.7 g/t Au / 1.0 m • 3.3 g/t Au / 3.0 m including 7.4 g/t Au / 1.0 m 6 Gold Structure: • 2.5 g/t Au / 13.3 m including 8.9 g/t Au / 0.5 m [...]
Cartier Resources announces that at its annual general meeting held on May 29th, 2023 the following individuals were elected as directors of Cartier: Name Votes for % For Myrzah Tavares Bello 157,897,823 99.93 Michel Bouchard 157,844,993 99.90 Philippe Cloutier 156,824,993 99.25 Mario Jacob 147,564,323 93.39 Jean-Yves Laliberté 157,724,993 99.82 Daniel Massé 156,657,323 99.15 The stock option plan of the Company as [...]
Highlights: 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 [...]
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