The Great Assets
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

The Great Assets

Investing

As Part of Its New Development Strategy, Cartier Introduces the Chimo Tailings Project

by admin February 15, 2025
February 15, 2025
As Part of Its New Development Strategy, Cartier Introduces the Chimo Tailings Project

Cartier Resources Inc. (″Cartier″ or the ″Company″) (TSXV: ECR; FSE:6CA) is pleased to announce it intends to evaluate the economic potential of reprocessing Chimo Tailings (″Chimo Tailings Project″), located on the Cadillac Project.

The Chimo Tailings Project consist of waste materials from the past producing Chimo Mine, which operated intermittently from 1964 to 1997 and produced 379,012 ounces of gold (MERN DV 85-05 to DV 97-01).

Located near the Val-d’Or mining camp and existing gold mills with available capacity, the Chimo Tailings Project can potentially unlock value through tailings reprocessing, with low capital requirements and a favourable gold price environment.

Mr. Philippe Cloutier, President and CEO, stated: ″As announced earlier this month, as part of our ambitious plan to grow our resources, we believe that initiating this economic evaluation of reprocessing the tailings of the past producing Chimo Mine can be one of many exciting opportunities with significant upside potential for Cartier’s shareholders″.

In the next months, Cartier plans to conduct a tailings characterization program to determine the amount of gold that can extracted from the tailings site.

Simultaneously, Cartier advances with its plan to execute a multi-stage and 100,000-m drilling program, based on 3 key elements:

  • Apply innovative AI (Artificial Intelligence) exploration tools for target generation.
  • Review of the current mineral resource estimate and geological interpretation to develop a value-based targeting and development approach at the property scale.
  • Traditional targeting with focus on 2024 high-grade gold discoveries as well as best untested historical showings.

Qualified Person
The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Senior Geologist, Project Manager and Geomatician, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″NI 43-101″).

About Cartier Resources Inc.

Cartier Resources Inc. was founded in 2006 and is an advanced gold project exploration company based in Val-d’Or (Quebec, Canada). In 2024, Quebec ranked 5th among the best mining jurisdictions in the world (Fraser Institute). Cartier owns 100% of its flagship Cadillac asset and controls a significant land package of 25,000 ha. The Cadillac project is located approximately 40 km east of Val-d’Or and close to existing gold mills with available capacity.

The results of the recent Preliminary Economic Assessment (PEA: NI 43-101 Technical Report and Preliminary Economic Assessment for Chimo Mine and West Nordeau Gold Deposits, Chimo Mine and East Cadillac Properties, Quebec, Canada, Marc R. Beauvais, P.Eng., of InnovExplo Inc., Mr. Florent Baril of Bumigeme and Mr. Eric Sellars, P.Eng. of Responsible Mining Solutions, May, 29, 2023) demonstrate the economic viability of the project with an average annual gold production of 116,900 oz over a 9.7-year mine life. The current Mineral Resource Estimate (MRE: NI 43-101 Mineral Resources Estimate for Chimo Mine and West Nordeau Gold Deposits, Québec, Canada, Vincent Nadeau-Benoit, P.Geo., Alain Carrier, P.Geo., M.Sc. and Marc R. Beauvais, P.Eng., InnovExplo Inc., August 22, 2022) totaling 720,000 ounces of gold in the Indicated category and 1,633,000 ounces of gold in the Inferred category.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.

Source

This post appeared first on investingnews.com

previous post
Mawson Finland Announces Upsize of Brokered Private Placement
next post
Quimbaya Gold Closes Third Tranche and Upsizes Private Placement to $3 Million

Related Posts

QUIMBAYA GOLD LAUNCHES LIDAR SURVEY AT TAHAMI SOUTH...

January 23, 2025

Bitcoin Well Announces At-The-Market Equity Program

March 29, 2025

Finlay Minerals Enters into Earn-In Agreements with Freeport...

April 18, 2025

Reinstatement to Quotation

February 6, 2025

CONNEQT Launches Apple Health Integration on iPhone

April 1, 2025

Blackstone Merger to Acquire World Class Copper Gold...

February 6, 2025

March Quarterly Appendix 4C

April 30, 2025

EL2780 Award – New Targets from Airborne MT

May 15, 2025

Empire Metals Limited to Present at the Metals...

May 3, 2025

Lahontan Gold: Near-term Gold Production Pathway in the...

March 5, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Top 11 Countries by Rare Earth Metal Production

      February 27, 2025
    • 2

      Capital One outage drags into Friday afternoon, leaving some customers without deposit access

      January 23, 2025
    • 3

      Bank of America CEO says financial industry will jump into crypto payments if regulators allow it

      January 23, 2025
    • 4

      Altech Batteries LtdCERENERGY Accredited Highest Possible Green Rating

      January 24, 2025
    • 5

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 6

      Altech – CERENERGY Accredited Highest Possible Green Rating

      January 24, 2025
    • 7

      Strategic Alliance with Macmahon to Accelerate Redevelopment of Nifty

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: thegreatassets.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 thegreatassets.com | All Rights Reserved