April 5, 2012
Cartier Ready to Increase Volume of the Pusticamica Gold Deposit / Benoist Project
Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) has an option to acquire
a 100% interest in the Benoist project, situated in the province of Quebec
(press release March 5th 2012). The recent synthesis of the historical
data has produced a 3D model of the Pusticamica deposit suggesting that the
mineralized envelop is more important than previously interpreted. Results of this
work also provides better guidance for the 5,800-meter drill programme planned in
the 2012 budget and aimed at delineating the mineralized zone below 300 meters.
In the recent months, Cartier integrated and modeled data from 20,068
meters of drilling on the Pusticamica deposit completed between 1989 and 1997. The
review integrates additional data to those used by Minnova in 1993 to perform
its evaluation of resources. “The
reinterpretation of the data with modern tools allows us to better link together
different types of data and provides us with a different perspective on the
deposit, and more specifically on the potential for increasing its size.
We are now well equipped to perform the upcoming drill programme” commented
Philippe Cloutier, President and CEO.
In 1993, prior to the implementation of NI43-101, Minnova had estimated
en inferred resource of 482,000 tons at 5.51 g/t Au, 12.10 g/t Ag and 0.27 %
Cu, representing 91,000 ounces of gold. The table below shows a selection of the
best intersections that cored through the deposit:
|
Drill Hole
|
Au (g/t)
|
Length (m)
|
Ag (g/t)
|
Cu (%)
|
MFAu*
|
|
91-24
|
3.64
|
54.26
|
14.45
|
0.24
|
198
|
|
including
|
7.31
|
6.5
|
24.63
|
0.36
|
48
|
|
91-26A
|
5.24
|
56.3
|
11.17
|
0.26
|
295
|
|
including
|
8.23
|
11.7
|
18.36
|
0.54
|
96
|
|
91-30A
|
5.38
|
55.5
|
13.91
|
0.27
|
299
|
|
including
|
8.70
|
14.6
|
20.16
|
0.47
|
127
|
|
92-44
|
2.99
|
84.0
|
4.12
|
0.11
|
251
|
|
including
|
10.35
|
21.0
|
12.39
|
0.35
|
217
|
|
92-58
|
4.19
|
59.7
|
13.11
|
0.24
|
250
|
|
including
|
9.99
|
15.0
|
26.47
|
0.39
|
150
|
*TheMetalFactor (MFAU)
is the product of the gold content
by the length, representing the amount of gold contained in the rock.
The Pusticamica gold
deposit is located at the
intersection of two faults, within
a homogeneous volume of granodiorite
rocks. It is
currently delineated over 200 meters long by 50 meters wide and plunges
50° to the southwest.
“Gold concentration
in the rock is high
and relatively homogeneous within the enrichment envelope, with a cylindrical geometry. More significant
to us is that the
potential for increasing the size of the
deposit is open beyond 300 meters at depth as well as and in the lateral extensions” concluded the President.
The project is located 65 kilometers northeast of the town of Lebel-sur-Quevillon and is accessible via a
network of forestry roads. The Pusticamica gold deposit is situated 25 km
south-west of the Bachelor Mine and 30 km north-east of the Gonzague-Langlois
Mine.
QualityAssurance/QualityControl
The exploration program and the technical information presented in this
press release have been reviewed and approved by Mr. Philippe Berthelot, P.
Geo., and Vice President Exploration for Cartier. Mr. Berthelot is a qualified
person as defined by National Instrument 43-101.
AboutCartier
The company’s objective is to set up a
dynamic process which will allow it to develop and maintain a balanced
portfolio of mining projects ranging from exploration to resource definition,
development and production. Its VISION is to develop the company’s current and
future assets into near to medium term mineral production with a schedule
consistent with its human and financial resources and respecting sustainable
development practices.
-30-
For further information please contact:
Philippe Cloutier
President and CEO
Cartier Resources Inc.
Phone: 819 874-1331
Toll-free: 877-874-1331
Fax: 819 874-3113
info@ressourcescartier.com
http://www.ressourcescartier.com/
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release.