Cartier Resources: Exploring For Gold in the Abitibi
Exploration projects in Quebec’s Abitibi Greenstone Belt
Cartier Resources founded in 2006, is based in Val-d’Or, Quebec. The Company holds a portfolio of exploration projects in the Abitibi Greenstone Belt of Quebec. Abitibi is, in fact, one of the most prolific mining regions in the world.
“Our skill set is exploring for gold and bringing that gold to the attention of the people that can mine them,” says President and CEO, Philippe Cloutier.
Chimo Mine Project
Cartier’s flagship project is the Chimo Mine Project. The property is accessible year-round. Further, it’s located near several concentrators in the Val d’Or region. Moreover, fourteen gold zones were mined by three producers between 1964 and 1997 for a production of 376 217 ounces of gold. The mining infrastructure consists of a network of 7 km of drifts on 19 levels, connected by a shaft with a depth of 914 m. The bridge and surface facilities were dismantled in 2008 but the 25 kV power line and sandpit are still in place. Cartier’s drilling programs to date on the Chimo Mine Property amount to 124 drill holes for 58,054 m and 21,867 gold samples collected.
Additionally, the Company has a strong cash position with more than $13.9 million. They also have significant corporate and institutional endorsements, including Agnico Eagle Mines, Meridian Global, and Quebec investment funds.
Cartier’s strategy is to focus on gold projects with features that offer potential for rapid growth. Exploration work is currently focused on the Chimo Mine Property to maximize value for investors. The Company is also planning a major drilling program for the Benoist Property. Drilling on the Fenton and Wilson properties will follow the Benoist program.
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