December 1, 2010
A Five Star Opportunity
Quebec Mining Review
Cartier Resources Inc. (TSX-V: ECR) is focused on creating wealth for its shareholders through the time tested approach of bringing mineral discoveries into mine production. The company has five prolific projects on the Abitibi Greenstone Belt situated in mining-friendly Quebec, Canada. This part of the world has generated over $300 billion in wealth through the production of gold, silver, copper, and zinc. Cartier Resources is an exciting and promising multiple project adventure.
Cartier’s recent exploration programs have been crowned with success and now provide drill-ready discoveries upon which to build. Cartier plans on funding the exploration and delineation of its discoveries through direct financing and the development of strategic partnerships. 50,000 metres of drilling is planned for the next year.
The foresight given to Cartier’s project generation gives it a 100 per cent interest in all five of its assets.
The original flagship gold project, MacCormack, continues to provide significant results and now benefits from attention by industry leaders. The property covers 48km of the Porcupine-Destor fault, home to many producers, and over 80 million ounces of past gold production. The area immediately west of Cartier is now the focus of four new companies who have ear-marked commitments reaching $100 million over the next few years. Cartier is positioned to capitalize on their gold discoveries and positive news flow.
Dollier is a high-grade gold discovery, returning gold values over significant widths at surface. Dollier is conveniently located a mere 15km south of the town of Chibougamau and with all of the necessary infrastructure to facilitate an excellent year-round drilling campaign. Cartier’s objective is to deliver a low cost gold resource within a year. Recent channel sampling has returned results grading up to 9.17 g/t Au over 1.1 metres, included within a broader zone which returned 3.85 g/t Au over 3.2 metres. The high grade gold values are associated with semi-massive to massive sulphide horizons. The team has outlined sulphide horizons over widths of up to six metres. A high resolution Mag-EM survey demonstrates that the gold-bearing zone is marked by coincident magnetic and electromagnetic anomalies. Recent ground surveys have demonstrated well-defined geophysical, structural, and geological controls. Dollier is a low cost, high reward exploration play that successful drilling can vault into rapid resource growth.
The Rivière Doré copper-nickel discovery is reminiscent of Sudbury and Voisey’s Bay copper-nickel mines. The property is situated in an under-explored area 100km south-east of Val-d’Or and covers the entire 85km long prospective trend characterized by a layered intrusive complex. Prospecting led to the discovery of massive sulphide boulders grading up to 0.40 per cent Cu, 0.64 per cent Ni, 0.05 per cent Co, and mineralization in outcrop with channel samples returning 1.0 per cent Cu over 6.0m. Cartier completed a property scale high resolution Mag-EM survey with results showing numerous conductors associated with the mafic layered intrusive complex.
“We now have priority geophysical targets that suggest continuity of the surface discovery mineralization,” says Philippe Cloutier, president and CEO, “our team will focus on these targets for ground follow-up and drilling. Our goal is to provide significant discovery through drilling.”
Cartier’s team believes it has located an “Osisko-Type” mineralized setting as found in the Malartic Mining Camp. The new property straddles a regional structure which is host to several past producing gold deposits. Historic drilling identified gold mineralization over widths up to 160 metres. Cartier has mapped numerous altered and mineralized (gold-rich) felsic intrusives within the deformation zone and is developing a drill program designed to scope out the potential of the system
The highlight of 2009 is no doubt the acquisition of a 100 per cent interest in the Langlade copper-zinc-silver and gold deposit. Langlade is part of the Cadillac Extension property located 115 kilometres east of Val-d’Or in the province of Quebec. The polymetallic gold-silver-copper and zinc rich deposit was discovered by Cominco in their regional 1991-1993 exploration program. It is comprised of lens of disseminated to semi-massive sulphides consisting of sphalerite-chalcopyrite-galena-pyrite-pyrrhotite. The mineralization has a characteristic Mag-EM signature that aids in target delineation. Select results include surface channel samples: 16.0 per cent Zn, 4.2 per cent Cu, 38.0 g/t Ag and 0.44 g/t Au over 1.1 metres and drilling at depth: 5.5 per cent Cu, 9.3 per cent Zn over 0.95 metres, 2.45 per cent Cu, 13.0 per cent Zn over 1.0 metres, as well as 1.7 per cent Cu and 7.7 per cent Zn over 1.14 metres within mineralized intervals over 30 metres wide. Cominco drilled 17 holes for a total of 5,260 metres on zone. The deepest hole cut the mineralized zone at -900 metres vertical. Cartier is conducting a thorough review of all previous work and results with the objective of growing it to a resource. Cartier recently published the first results of its surface sampling of the deposit: new results from channel samples returned up to 1,162 g/t Ag and 1.40 g/t Au over 0.6 metres and 106 g/t Ag, 0.39 g/t Au, and 0.43 per cent Cu over 7.70 metres. Sampling of the mineralized area was focused on the historic polymetallic zone and has outlined a silver and gold bearing horizon averaging three metres wide and over a strike length of 120 metres. The zone is open laterally and at depth.
“We are very pleased with these results as they confirm a new high grade potential for precious metals within the established base metal zones. The excellent surface exposure provides us with a much needed window on the mineralization’s geological signature, which can help us define an exploration strategy for this property,” says Cloutier. “Tight sampling has clearly shown good widths and strike continuity for the mineralization.”
Without a doubt, Cartier emerges from the recent world financial turmoil as a stronger and more advanced junior explorer. The team continues with its trademark low-cost high-reward exploration programs.
As Philippe Cloutier attests, “I believe that Cartier’s approach to target testing on numerous properties will result in the next major discovery. Past success and growth of our assets confirm our commitment to make Cartier a leader as an exploration company and the team we have assembled proves our commitment to becoming a successful producer.”