Cartier Resources Looks to Unlock Value with Chimo Tailings Project

Cartier Resources Pioneers New Development with Chimo Tailings Project

Cartier Resources Inc. is excited to advance its exploration initiatives by evaluating the potential of the Chimo Tailings Project, situated within the renowned Cadillac Project. This project involves reprocessing tailings from the historic Chimo Mine, a former gold producer that operated intermittently between the years 1964 and 1997, yielding a notable total of 379,012 ounces of gold.

The geographical significance of the Chimo Tailings Project cannot be understated as it is conveniently located near the bustling Val-d’Or mining camp and existing gold mills that currently have unused capacity. The company's strategy to tap into these tailings presents an exciting opportunity to extract additional value through minimal capital investment, potentially enhanced by favorable conditions in the gold market.

Ambitious Plans Fueled by Innovative Technologies

Philippe Cloutier, the President and CEO of Cartier Resources, expressed great optimism regarding this initiative. He remarked, "By examining the economic feasibility of reprocessing the Chimo Mine tailings, we endeavor to unlock exciting opportunities with considerable upside for our stakeholders." This reflects Cartier's commitment to innovation and responsibility, laying the groundwork for future projects.

In the coming months, Cartier plans to initiate a detailed tailings characterization program aimed at identifying and quantifying the gold that remains within the tailings. This will be complemented by a comprehensive multi-stage drilling program of 100,000 meters dedicated to exploring various sites of interest.

Key Exploration Elements

The drilling program will incorporate several strategic elements designed to maximize exploration success. The first is the implementation of advanced artificial intelligence tools for target generation, which can enhance decision-making and improve efficiency. Secondly, Cartier will refine its current mineral resource estimates and geological interpretations to create a value-driven targeting approach at the property scale.

Finally, the third element involves traditional exploration techniques focusing on identifying high-grade gold opportunities for 2024 while revitalizing historical sites that have not yet been rigorously tested.

Commitment to Transparency and Expertise

The scientific rigor behind the Chimo Tailings Project is validated by Mr. Ronan Déroff, a Qualified Person defined by National Instrument 43-101. He has thoroughly prepared, reviewed, and approved the technical content of this initiative, ensuring compliance with industry standards and best practices.

About Cartier Resources Inc.

Established in 2006, Cartier Resources has solidified its role in the mining sector as an advanced gold exploration company. Based in Val-d’Or, Quebec, it boasts ownership of 100% of its flagship Cadillac project, encompassing an impressive land area of 25,000 hectares. Not only does the Cadillac asset benefit from its geographical positioning—about 40 km east of Val-d’Or—but it also holds the reputation of being located in one of the world’s top mining jurisdictions, as recognized by recent assessments.

The results from the recent Preliminary Economic Assessment (PEA) underline the economic viability of the Cadillac project, projecting an average annual gold production of approximately 116,900 ounces over a mine life extending beyond nine years. The current Mineral Resource Estimate shows a promising total of 720,000 ounces of gold in the Indicated category and around 1,633,000 ounces in the Inferred category.

Get in Touch with Cartier Resources

For further insights or inquiries, interested parties are encouraged to reach out to Philippe Cloutier, President and CEO, at 819-856-0512 or via email at philippe.cloutier@ressourcescartier.com. More information can also be found on Cartier’s official website at www.ressourcescartier.com.

Frequently Asked Questions

What is the Chimo Tailings Project?

The Chimo Tailings Project involves reprocessing tailings from the past-producing Chimo Mine to evaluate its economic potential for gold recovery.

How much gold did the Chimo Mine produce?

The Chimo Mine produced a total of 379,012 ounces of gold during its operational years from 1964 to 1997.

What are the strategic elements of the drilling program?

The drilling program will include AI-driven target generation, revising current mineral resource estimates, and focusing on untested historical showings.

What qualifies Cartier's approach to this project?

Cartier’s strategy is fortified by the expertise of qualified personnel, ensuring adherence to regulatory standards and the application of advanced exploration techniques.

How can interested parties learn more about Cartier Resources?

Interested parties can contact Cartier Resources directly through their CEO or visit the company's official website for more details and updates on their projects.

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