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Cartier Resources to drill 2 targets east of Chimo project

Cartier Resources Inc. said Oct. 11 that it will start drilling at the eastern block of its Chimo gold project in Quebec, with a view to explore two near-surface target areas as defined by the eastern extension of the project's 5M zone.

According to the company, two-thirds of the Chimo mine's 379,012 ounces of gold output were extracted from the 5M zone, and drilling at the eastern extension of the zone just before the mine's closure identified two new zones with characteristics similar to the 5M zone.

"New gold bearing intersections in the eastern extension of the 5M zone would add significant potential to the current value of the project," Cartier President and CEO Philippe Cloutier said.

Previous drilling at the 5M zone returned significant intercepts such as 3.3 g/t of gold over 12.8 meters, including 6.8 g/t of gold over 1.0 meter. The length of the samples is expressed as the lengths along the core, while true thickness is yet to be estimated.