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 [...]
Cartier Resources announces that it has completed a non-brokered private placement of aggregate gross proceeds of $1.5 million. Under the Private Placement, the Company issued 12,500,000 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 "Canadian [...]
Highlights: The new resource estimate consists of : 7,128,000 tonnes at an average grade of 3.14 g/t Au for a total of 720,000 ounces of gold in the Indicated category and; 18,475,000 tonnes at an average grade of 2.75 g/t Au for a total of 1,633,000 ounces of gold in the Inferred category. Work in progress, with the objective to increasing the resources, are as follows: A drill program in progress on the Chimo Mine Gold [...]
The new resource estimate consists of 7,128,000 tonnes at an average grade of 3.14 g/t Au for a total of 720,000 ounces of gold in the Indicated category and; 18,475,000 tonnes at an average grade of 2.75 g/t Au for a total of 1,633,000 ounces of gold in the Inferred category. Work in progress, with the objective to increasing the resources, are as follows: A drill program in progress on the Chimo Mine Gold System , with [...]
Fourth phase, 25,000 m drill program in progress at the Chimo Mine Gold System which includes the recent acquisition of the Nordeau West deposit; NI 43-101 Resource Estimate in progress for Nordeau West deposit, situated 450 m from the Chimo Mine Project NI 43-1011 resources; NI 43-101 Preliminary Economic Assessment in progress on the combined resources of the Mine Chimo Project and Nordeau West deposit that will provide [...]
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