Cartier Cuts 20.8 g/t Au over 4.0 m at Chimo Mine 500 m below the New Zones 5B4-5M4-5NE - Seite 3

 

The mining infrastructure consists of a network of drifts over 7 km, distributed over 19 levels and connected by a 5.5 m x 1.8 m with 3 compartment shaft for a depth of 920 m.  The headframe and the surface installations were dismantled in 2008 but the 25 kV power line and the sandpit are still in place.
 

The drilling, completed to date by Cartier on the Chimo Mine property, consists of 121 holes totaling 55,890 m and 20,792 gold samples collected.  This work demonstrated the continuity of the main 5B and 5M gold zones under the existing mining infrastructure, explored the extensions of 19 gold zones peripheral to the main zones and explored the extensions of the 7 gold zones that were prioritized; which allowed the discovery of the Zones 5B4-5M4-5NE and 5CE and to develop the potential of Zone 6N1.  These areas have excellent potential to deliver future discoveries.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006, is based in Val-d'Or, Quebec.  The province has consistently ranked as one of the best mining jurisdictions in the world, primarily because of its favorable geology, attractive fiscal environment and pro-mining government.

• The company has a strong cash position with more than $ 5.7 million, as well as a significant corporate and institutional endorsement including Agnico Eagle Mines and Quebec investment funds.
   
• Cartier's strategy is to focus on gold projects with features that offer the potential for rapid growth.
   
• The Company holds a portfolio of exploration projects located in the Abitibi Greenstone Belt in Quebec; one of the most prolific mining regions in the world.
   
• The company is focused on advancing its 4 key projects through drilling programs. All of these projects were acquired at reasonable costs in recent years.  All are drill-ready with targets along the geometric extension of known gold deposits.
   
• Exploration work is currently focused on the Chimo Mine property to maximize value for investors.  The preparation of the next exploration work is underway to carry out drilling programs respectively on the Benoist, Fenton and Wilson properties.

Qualified Persons

The scientific and technical information of the Company and the Chimo Mine Project, included in this news release, have been prepared and reviewed by MM. Gaétan Lavallière, P. Geo., Ph. D., Vice President and Ronan Déroff, P. Geo, M. Sc., Senior Geologist, Project Manager and Geomatician, Qualified Persons as defined by NI 43-101.  Mr. Lavallière approved the information contained in the press release.