Highlights: Long term gold price of US$1,750/oz, Exchange rate of CAD $1.00 = US$0.77 Post-tax NPV5% of CAD$388M and IRR of 20.8% Post-tax payback period of 2.9 years and mine life of 9.7 years Capex of CAD$341M Average all-in sustaining cost of US$755/oz Average annual production of 116,900 oz 4,500 tpd underground operation Average sorted grade of 4.55 g/t Au for mill feed Processing plant with capacity of 3,000 tpd and [...]
VAL-D'OR, Québec, May 09, 2023 -- Cartier Resources Inc. announces that it has closed its previously announced private placement for aggregate gross proceeds of $204,000. 1,457,143 common shares of Cartier were issued at a price of $0.14 per Common share. Agnico Eagle now owns approximately 15.55% of the issued and outstanding Common Shares on a non-diluted basis and 17.33% of the issued and outstanding Common Shares on a [...]
VAL-D'OR, Quebec, May 05, 2023 -- Cartier Resources Inc. announces that it has filed an early warning report in respect of its holdings in Earthwise Minerals Corp. . The requirement to file this report was triggered by the receipt, on May 4, 2023, of 1,600,000 common shares of Earthwise issued to Cartier under the terms of an option agreement dated April 22, 2021, as amended, between Earthwise and Cartier . The [...]
Highlights of press release : New 5BW Gold Zone : 16.8 g/t Au / 1.0 m, 6.0 g/t Au / 1.0 m and 1.2 g/t Au / 16.0 m New 6N1W Mineralized Zone : 13.2 g/t Au / 0.5 m and 6.0 g/t Au / 1.0 m within 42.0 m grading 0.9 g/t Au New intersections increasing the dimension of gold zones of ''East Chimo Mine'' Sector: 13.0 g/t Au / 1.0 m, 9.7 g/t Au / 1.0 m included in 6.5 g/t Au / 2.0 m Two drills are currently operating on the [...]
Cartier Resources is pleased to announce that it has completed a non-brokered private placement of 5,140,000 national flow-through common shares and 4,545,455 Québec flow-through common shares for aggregate gross proceeds of $1,546,700. The National Flow-Through Shares were issued at a price of $0.155 per share and the Québec Flow-Through Shares were issued at a price of $0.165 per share. Each National FT Share and Québec [...]
Highlights: Long term gold price of US$1,750/oz, Exchange rate of CAD$1.00 = US$0.77 Post-tax NPV5% of CAD$388M and IRR of 20.8% Post-tax payback period of 2.9 years and mine life of 9.7 years Capex of CAD$341M Average all-in sustaining cost of US$755/oz Average annual production of 116,900 oz 4,500 tpd underground operation Average sorted grade of 4.55 g/t Au for mill feed Processing plant with capacity of 3,000 tpd and [...]
Cartier Resources Inc. announces drill results in the East Chimo Mine Sector, located at the midpoint of 450 m between the Chimo Mine and West Nordeau sectors. The results are located on the Chimo Mine Property, 100% owned by Cartier, which is located 45 km east of the Val-d'Or mining camp. The new results available from the current drill program are as follows : In the 5NE Gold Zone, drilling intersected 4.0 g/t Au over [...]
Cartier Resources Inc. announces drill results in the East Chimo Mine Sector, located at the midpoint of 450 m between the Chimo Mine and West Nordeau sectors. The results are located on the Chimo Mine Property, 100% owned by Cartier, which is located 45 km east of the Val-d'Or mining camp. The results for the current drilling program in the East Chimo Mine Sector expand dimension of the gold zones as follows: In the 5NE [...]
Cartier Resources Inc. announces drill results below the West Nordeau deposit of the Chimo Mine Gold System from its ongoing drilling program on the Chimo Mine property and contiguous East Cadillac property. Both properties, 100% owned by Cartier, are located 45 km east of the Val-d'Or mining camp. The results available from the laboratory to date for the current drilling in the West Nordeau Sector are as follows: In the [...]
[Cartier Resources announces that the Board of Directors granted, on December 15, 2022, a total of 2,400,000 stock options to directors and officers and to one employee of the Company. Pursuant to the terms of the Company's stock option plan, each option entitles the holder thereof to purchase one common share of the Company at a price of $0.085 per share until no later than Dec 14, 2027. Contact: Philippe Cloutier [...]
Cartier Resources Inc. announces work progress on the Chimo Mine Project through, among other things, drill results of its ongoing drilling program on the Chimo Mine property and contiguous West Nordeau deposit of the East Cadillac property. Both properties, 100% owned by Cartier, are located 45 km east of the Val-d'Or mining camp. The results available from the laboratory to date for the current drilling program are as [...]
Cartier Resources Inc. announces that it has completed a non-brokered private placement of aggregate gross proceeds of $2,700,159 million . Under the Private Placement, the Company issued 22,501,333 flow through common shares at a price of $0.12 per FT Share. The FT Shares will qualify as "flow through shares" for the purposes of the Income Tax Act. The gross proceeds of the Private Placement will be used to incur [...]
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