Cartier Resources Inc.

Published : May 29th, 2011

Selects 35 Priority Targets for First Drill Program on its Copper-Nickel Riviere

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Keywords :   Copper | Nickel |

 

Cartier Selects 35 Priority Targets for First Drill Program on its Copper-Nickel Riviere Dore Project

VAL-D'OR, QUEBEC--(Marketwire - May 26, 2011) - Cartier Resources Inc. (TSX VENTURE:ECR) ("Cartier") has completed the first target prioritization for drilling on its Riviere Dore copper-nickel project located southeast of Val d'Or, Quebec. Copper One Inc. is currently earning an interest in the project by funding all exploration work. 35 primary targets have been selected through property-wide modeled AeroTEM IV geophysical data. Targets were selected and prioritized on the basis of favorable field geology and geochemistry gathered by Cartier staff.

For this first drill program, 35 priority targets were selected to cover the most prospective areas throughout the 60,500 hectares project which cover 80 km long prospective layered mafic intrusive complex. The known copper-nickel showings on the project will all be drilled. All targets were selected based on the occurrence of EM conductors, magnetics, known mineralization, till anomalies, favorable geology, and rock sample anomalies that indicate potential for the local presence of copper-nickel sulfide mineralization.

A two-phase diamond drill program is planned. The first phase includes at least 15 targets for approximately 3,000 meters drilling. A second phase is planned following results of the initial holes. Permitting for the drill program is underway and the program will be launched upon receipt of authorization.

"This will be the first drill program ever conducted on this very large project," commented Philippe Cloutier, President and CEO of Cartier. "The challenge is to cover as much as possible with this first pass program. We have targeted the known showings and a wide spectrum of conductors across the project in order to favor discovery and help develop additional drilling targets in the future".

Cartier also wishes to point out that at its' recent Annual General Meeting, a member of the First Nations Lac Barriere community expressed that a group within his community is opposed to mining exploration on the territory claimed by its community and that they had informed the federal and provincial governments of their position. Cartier has consulted with and held information sessions with various groups of the Lac Barriere First Nations community on several occasions. As well it has communicated all concerns and issues with the government authorities. The latter have confirmed that Cartier could commence work upon reception of permits and authorization.

A map is available at the following link:
http://media3.marketwire.com/docs/ecr_mapENG0526.jpg

Quality Assurance/Quality Control

The exploration program and the technical information presented in this press release have been reviewed and approved by Mr. Philippe Berthelot, P. Geo., Cartier's Vice President - Exploration, and by Thomas R. Kilbey, Copper One's Vice President - Exploration, a certified professional geologist. Mr. Berthelot and Mr. Kilbey are both considered to be qualified persons as defined by National Instrument 43-101.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

 



Cartier Resources Inc.

EXPLORATION STAGE
CODE : ECR.V
ISIN : CA1467721082
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Cartier is a gold exploration company based in Canada.

Cartier holds various exploration projects in Canada.

Its main exploration properties are DOLLIER, RIVIÈRE DORÉ, DIEGO, CADILLAC EXTENSION, KINOJEVIS, LAC CASTAGNIER and RAMBULL in Canada.

Cartier is listed in Canada and in United States of America. Its market capitalisation is CA$ 6.1 millions as of today (US$ 4.5 millions, € 4.2 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.22, and its lowest recent point on December 11, 2015 at CA$ 0.04.

Cartier has 87 390 795 shares outstanding.

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