VAL-D’OR, Quebec, Feb. 01, 2024 Cartier Resources Inc. starts a 25,000 m exploration drilling program on the Chimo Mine Project . The Project comprises the Chimo Mine and East Cadillac.
Highlights of press release: New gold-bearing VG Zone including the following results: 15.7 g/t Au / 3.0 m including 75.9 g/t Au / 0.5 m and 10.5 g/t Au / 0.5 m14.2 g/t Au / 1.0 m6.4 g/t Au / 2.0.
Highlights: Long term gold price of US$1,750/oz, Exchange rate of CAD $1.00 = US$0.77Post-tax NPV5% of CAD$388M and IRR of 20.8%Post-tax payback period of 2.9 years and mine life of 9.7 yearsCapex. | May 29, 2023
Cartier Files on SEDAR the NI 43-101 Technical Report for the Mineral Resource Estimate of Chimo Mine Property and West Nordeau Deposit streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Highlights: The new resource estimate consists of (FIGURE 1): 7,128,000 tonnes at an average grade of 3.14 g/t Au for a total of 720,000 ounces of gold.