Cartier Cuts Massive Sulphides Grading 281 g/t AgEq Over 4.0 Meters on Cadillac Extension
March 15 2012 - 12:23PM
Marketwired
Cartier Resources Inc. (TSX VENTURE:ECR) ("Cartier") announces
diamond drill results for the Langlade Deposit on the Cadillac
Extension project. Intersections with massive sulphides graded up
to 281 g/t Silver Equivalent (AgEq) or 2.9% Copper Equivalent
(CuEq) over 4.0 meters included within a broader interval grading
79 g/t AgEq or 0.8% CuEq over 32.0 meters. These are the remainder
of the results from the 2011 drilling which consisted of 10 shallow
drill holes for a total of 1 238 meters. The results are presented
in the table below and on Figure 1.
Table: Weighted averages for drill hole intersections at
Langlade
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AgEq CuEq Length Au Ag Cu Zn
Drill Hole (g/t) (%) (meters) (g/t) (g/t) (%) (%)
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LAN-11-01 79 0.8 32.0 0.3 23 0.3 0.4
including 281 2.9 4.0 1.1 81 0.7 2.7
including 494 5.0 0.5 0.1 86 2.3 6.6
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LAN-11-02(i) 124 1.3 37.7 0.2 30 0.6 0.9
including 363 3.7 3.5 0.4 75 1.7 3.7
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LAN-11-03(i) 89 0.9 34.0 0.2 26 0.4 0.5
including 276 2.8 3.3 0.6 97 1.0 1.8
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LAN-11-04 82 0.8 23.2 0.1 11 0.4 1.0
including 279 2.8 3.0 0.1 25 1.0 5.6
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LAN-11-05(i) 105 1.1 9.0 0.1 17 0.7 0.5
including 331 3.4 2.2 0.1 57 2.3 1.6
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LAN-11-06 92 0.9 35.0 0.1 19 0.5 0.7
including 245 2.5 4.5 0.1 32 1.1 3.7
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LAN-11-07 90 0.9 24.4 0.2 21 0.4 0.7
including 257 2.6 2.9 0.3 39 1.0 4.0
including 522 5.3 0.6 0.2 62 2.1 9.0
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LAN-11-08 69 0.7 27.5 0.2 15 0.4 0.4
including 131 1.3 4.0 0.1 21 0.7 1.4
including 282 2.9 0.5 0.1 18 0.7 7.2
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LAN-11-09 57 0.6 23.7 0.2 20 0.2 0.2
including 234 2.4 1.7 0.3 58 1.2 1.8
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LAN-11-10 43 0.4 22.4 0.2 10 0.2 0.1
including 152 1.5 1.0 1.7 49 0.1 0.1
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(i)Results presented in February 7th 2012 Press Release
"Drilling is currently in progress to continue delineation of
the copper-zinc-silver-gold mineralization and identify new high
grade and wider mineralization at depth", commented Philippe
Cloutier, President and CEO of the company, adding "Photonic
Knowledge's Core MappeR(TM) imagery data was factored with all of
Cartier's lithogeochemistry and assay results. This produced a
geometric metal vector that the current drill program is testing".
A High Power Induced Polarization survey was completed over the
Langlade area and results are currently being processed. Results
will be released when available.
AgEq and CuEq Calculation
AgEq and CuEq calculation represents the total metal value for
each metal, multiplied by the conversion factor, summed and
expressed in equivalent silver grade. These results are exploration
results only and no allowance is made for metallurgical recoveries.
The conversion factors used were: 1 kilogram (kg) = 2.2046 pounds
(lbs.) and 1 ounce = 31.104 grams (g). The AgEq and CuEq
calculation was done using the following tree last year average
metal prices: price of copper = 3.3$/lb., price of zinc =
0.90$/lb., price of silver = 23.8$/oz. and price of gold =
1,270$/oz.
Figure 1: Plan view of Langlade mineralization
(http://media3.marketwire.com/docs/Langlade_Anglais_0315.jpg)
Quality Assurance / Quality Control
The exploration program and the technical information presented
in this press release have been reviewed and approved by Mr.
Philippe Berthelot, P. Geo., and Vice President Exploration for
Cartier. Mr. Berthelot is a qualified person as defined by National
Instrument 43-101. The Cadillac Extension exploration program is
conducted under the supervision of Mr. Berthelot. Cartier has
implemented and adheres to a strict Quality Assurance / Quality
Control program which includes mineralized standards and blanks for
each batch of samples. Assay samples are taken from drill core
sawed in half with one half sent to a commercial laboratory and the
other half retained for future reference. Analyses are either
performed by Techni-lab S.G.B. Abitibi Inc. (ACTLABS) in
Sainte-Germaine, Quebec, an accredited laboratory.
About Cartier
The Company's objective is to set up a dynamic process which
will allow it to develop and maintain a balanced portfolio of
mining projects ranging from exploration to resource definition,
development and production. Its VISION is to develop the company's
current and future assets into near to medium term mineral
production with a schedule consistent with its human and financial
resources and respecting sustainable development practices.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this press release.
Contacts: Philippe Cloutier President and CEO Cartier Resources
Inc. 819 874-1331 / Toll-free: 877 874-1331 819 874-3113
(FAX)info@ressourcescartier.com www.ressourcescartier.com