The Conversation (0)
Cartier Resources (TSX VENTURE:ECR) (“Cartier”) is pleased to announce that it has completed its commitments to acquire a 50% interest of the Fenton property, located 50 km southwest of Chapais and 50 km north of Osisko’s Windfall Lake gold deposit in the heart of the Urban-Barry’s belt. SOQUEM and Cartier now form a joint venture …
Cartier Resources (TSX VENTURE:ECR) (“Cartier”) is pleased to announce that it has completed its commitments to acquire a 50% interest of the Fenton property, located 50 km southwest of Chapais and 50 km north of Osisko’s Windfall Lake gold deposit in the heart of the Urban-Barry’s belt. SOQUEM and Cartier now form a joint venture to continue exploration of the property for which no royalty has been granted. This acquisition constitutes an additional asset corresponding to Cartier’s strategy.
A 13-hole drilling program, totaling 7,814 m, has recently been completed on the property to evaluate the depth extension potential of the Fenton gold deposit.
A historical estimate of resources, made in 2000 by Mr. Denis Chénard, Eng. of Datac Géo-Conseil Enrg., reveals 426 173 tons at 4.66 g / t Au corresponding to 63 885 oz Au.
The 1354-17-13 drill results indicate that the gold mineralization continues below the Fenton deposit and under the Dyke Zone, located 100 m further north. All other analytical results, which are pending, will assess the potential for increased gold mineralization volume and aid in planning for the next exploration program.