The Cree First Nation of Waswanipi and Cartier Resources Inc. have entered into a Mineral Exploration Agreement to facilitate the exploration of the Benoist project. The MEA puts in place a framework for the CFNW and Cartier to work together before, during and after the exploration activities within the CFNW traditional territory. “The Paix des Braves agreement established a proper consultation process for forestry [...]
Cartier Resources Inc. has awarded InnovExplo the contract to produce a resource estimate for the Pusticamica deposit on the Company’s Benoist Property and to prepare a supporting technical report in accordance with National Instrument 43-101. The property is located 65 km northeast of Lebel-sur-Qu?villon in the province of Qu?bec. Over the past few months, InnovExplo has worked closely with Cartier staff, particularly [...]
Cartier Resources reports the results of an engineering study on the hoisting capacity of the underground mining infrastructure on the Chimo Mine Property. This property, owned 100% by Cartier, is located 45 km east of the Val-d’Or mining camp. The study reveals that the components of the internal shaft structure could be used to hoist skips with a loading capacity of 20 metrics tonnes each, travelling at a cruising speed [...]
Highlights: An Intersection grading 20.4 g/t Au over 2.0 m, included within a mineralized interval of 18.0 m at 2.7 g/t Au, was intersected in the new Zone 5CE, in the East Sector of the property, 125 m above drill hole CH19-54E which graded 11.9 g/t Au over 2.0 m within a mineralized interval of 16.0 m at 2.1 g/t Au; An intersection grading 11.9 g/t Au over 1.6 m, included within a mineralized intersection of 14.6 m at [...]
Cartier Resources Inc. announces that it has closed its previously announced private placement for aggregate gross proceeds of C$9,364,626. A total of 21,778,200 flow-through common shares of the Company at a price of C$0.43 per share, were issued. The Offering was completed through Paradigm Capital Inc. In connection with the Offering, the Agent received a cash fee equal to 6% of the gross proceeds of the Offering and [...]
Cartier Resources Inc. announces that in connection with its previously announced best efforts private placement offering, the Company and Paradigm Capital Inc. have agreed to increase the size of the offering to up to aggregate gross proceeds of $8.5 million. The Company will now issue up to 19,767,500 common shares of the Company that qualify as “flow-through shares” of the Income Tax Act and section 359.1 of the [...]
Cartier Resources Inc. announces that it has entered into an agreement with Paradigm Capital Inc. in connection with a “best efforts” private placement of up to 11,628,000 common shares of the Company that will qualify as "flow-through shares" of the Income Tax Act and section 359.1 of the Taxation Act to be issued at C$0.43 per FT Share for aggregate gross proceeds of up to C$5,000,040. In addition, the Agent have been [...]
Cartier Resources announces that at its annual general meeting held on June 18th, 2020 the following persons were elected as directors of Cartier: Name Votes for % For Michel Bouchard 76,756,753 100 Philippe Cloutier 76,756,753 100 Mario Jacob 76,756,753 100 Jean-Yves Lalibert? 76,756,753 100 Daniel Mass? 76,756,753 100 The stock option plan of the Company as described in the Management Information Circular was approved [...]
Cartier Resources Inc. announces that it has filed on SEDAR the technical report titled " NI 43-101 Technical Report and Mineral Resource Estimate for the Central, North and South Gold Corridors on the Chimo Mine Project, Quebec, Canada ", bearing the date of signature of the June 16th 2020. The NI 43-101 compliant report, completed by InnovExplo Inc. and GeoPointCom Inc. for Cartier, includes the mineral resource [...]
Highlights: Mineralised intersection of 32.0 g/t Au over 2.0 m included within 16.5 g/t Au over 4.5 m, also included within 7.1 g/t Au over 12.1 m, located 500 m below the new Zones 5B4-5M4-5NE in the East Sector of the Chimo Mine Property; The results of this press release, factored with those of the May 21st 2020, April 7th 2020 and February 18th 2020 press releases, increase the potential for expansion of the resource [...]
Highlights: Mineralised intersection of 20.8 g/t Au over 4.0 m included within 9.4 g/t Au over 11.0 m, also included within 6.7 g/t Au over 16.0 m, located 500 m below the new Zones 5B4-5M4-5NE in the East Sector of the Chimo Mine Property; The results of this press release, factored with those of the April 7th 2020 and February 18th 2020 press releases, increase the potential for expansion of the resource estimate to [...]
Highlights: Drilling with two rigs resumes on the depth extension of Zones 5B4-5M4-5NE and 5CE discovery; Concurrently, internal engineering studies and industrial sorting of mineralisation tests are progressing with the goal of increasing the resources. VAL-D’OR, Quebec, May 13, 2020 -- Cartier Resources Inc. announces that it resumes its drill program on the Chimo Mine property, located 45 km east of Val-d'Or. This [...]
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