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Cartier Cuts 86.1 g/t Au over 1.5 m at Chimo Mine

(June 28, 2018)

VAL-D'OR, Quebec, June 28, 2018 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V:ECR) ("Cartier" or the Corporation) announces new results from it’s ongoing 33,000-m drill program on the Chimo Mine project, located 45  km east of Val-d'Or. An intersection grading  86.1 g/t Au over 1.5 m was intersected at a depth of 450 m (FIGURE) along the Zone 6C extension (Structure 6C).

Additional intersections grading 10.3 g/t Au over 1.0 m included within 2.8 g/t Au over 4.0 m and 7.6 g/t Au over 1.0 m included within 4.3 g/t Au over 2.0 m were also intersected along the extension of Zone 2W. The new results are associated with the zones presented in the table below.

Drill HoleFrom
(m)
To
(m)
Length (m)Au
(g/t)
Gold ZoneGold Structure
CH18-35444.0445.51.586.16C6C
CH18-43243.3244.31.07.62W2
Included within243.3245.32.04.3
CH18-44297.0298.01.010.3
Included within297.0301.04.02.8
CH18-30259.8260.30.512.26B6B
Included within253.0260.37.31.3
CH18-41342.0343.01.05.44B4B
Included within339.5348.08.51.1

Lengths are expressed along drill core axis.  The true thickness was not determined.

« The drill program has been ongoing since July 2017 and results to date have led to the planning of Phase II which should commence shortly » commented Philippe Cloutier, President and CEO of Cartier.



All other analytical results from the three drills operating on the Chimo Mine property are pending.

The reader should view the 3D VIDEO, available on Cartier’s website.  The 3D video helps visualize the different gold-bearing structures on the Chimo Mine property as well as key components that are the mine infrastructures, the gold-bearing zones, the gold intersection areas left unmined as well as the 281 targets of the ongoing drill program.  The 5M, 5B, 5BS and 5M2 structures are shown in the video.

Chimo Mine Project Highlights

About Cartier

Cartier Resources was founded in 2006 and is based out of Val d'Or, Quebec.  Quebec has consistently ranked high as one of the best mining jurisdictions in the world primarily based on its mineral rich geology, attractive tax environment, and pro-mining government.  In 2017, the Fraser Institute again ranked Quebec as one of the best jurisdiction in the world for investment attractiveness.

Cartier Investment Highlights

  • The Corporation has a strong cash position with $13M in the bank and important corporate and institutional investors including Agnico Eagle Mines, JP Morgan UK and the Quebec investment funds.
  • Cartier’s strategy is to focus on gold projects that are relatively advanced with significant potential for resource expansion laterally and at depth.
  • The Corporation holds a portfolio of advanced stage exploration projects in the Abitibi Greenstone Belt in Quebec – one of the most prolific mining regions in the world - the commodity focus is gold.
  • The Corporation is focused on advancing its four key projects through drill programs.  All of these projects were acquired at very reasonable valuations over the past few years.  All of them are drill-ready with targets identified similar to the deposits that have been outlined on each project.
  • The Chimo Mine project is a historic gold producer. Three other projects, namely Wilson, Benoist and Fenton, hold historic resource estimates.
  • In 2018, a 34,000-m drill program, aims to grow value on the Chimo Mine project.

Quality Assurance / Quality Control

All lengths, mentioned in this press release, were measured along the drill core. The NQ core samples are crushed up to 80% passing 8 mesh sieves and then pulverized up to 90% passing a 200-mesh sieve. Cartier inserts 5% of the number of samples in the form of certified standards and another 5% in the form of sterile samples to ensure quality control. The samples are analyzed at the Techni-Lab laboratory (Actlabs), located in Ste-Germaine-Boulé, Quebec. The 50 g pulps are analyzed by fire assay and atomic absorption. For samples containing visible gold, 1000 g of rock are directly analyzed by the "Metallic Sieve" method.

The scientific and/or technical information presented in this press release has been reviewed and approved by Mr. Gaétan Lavallière, P. Geo., Ph. D. and Vice President for Cartier Resources.  Mr. Lavallière is a qualified person as defined by National Instrument 43-101.


For more information, please contact:
Philippe Cloutier, P.Geo.
President and CEO
Telephone: 819 856-0512
[email protected]  
www.ressourcescartier.com  
Investor Relations:
Relations Publiques Paradox
514 341-0408

Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.


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