GOLD: Cartier drills 17+g/t at former Chimo mine

QUEBEC – As Cartier Resources of Val d’Or, Que., continues to re-examine the former Chimo gold mine 45 km east of the town, it is rewarded with long and strong intersections. The property is the site of an ongoing 30,000-metre drill program. [caption id="attachment_1003722055" align="alignleft" width="208"] Exploration drilling near the former Chimo gold mine. (Image: Cartier Resources)[/caption] The latest results come from a depth of 650 metres along the extensions of zone and 5N and 5M. Hole CH17-27 returned 4.7 g/t gold over 5.1 metres, including 17.7 g/t over 0.5 metre and 9.6 g/t over 1.1 metre. Two other holes from the same zones point toward potential in the old mine. Hole CH17-28 returned 1.0 g/t gold over 8.5 metres, including 4.4 g/t over 0.5 metre. Hole CH17-29 cut 1.9 g/t gold over 13.0 metres, including 3.8 g/t over 3.0 metres. Additionally, Hole CH17-28 returned 2.1 g/t gold over 4.0 metres, including 4.6 g/t over 1.0 metre in zone 3. The underground Chimo mine produced 379,012 oz. of gold under three different operators from 1964 to 1997. The mine has a network of drifts from 80 to 870 metres below surface, and it is serviced by a three-compartment shaft to 920 metres. Cartier noted that although the headframe and surface facilities were razed in 2008, the mining leases are still valid. Learn more at www.RessourcesCartier.com.