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cartier resources inc (ECR) Details

Cartier Resources Inc. engages in the acquisition and exploration of mining properties in Canada. The company explores for gold deposits. Its flagship project is the Chimo mine property located in Val-d'Or. The company was founded in 2006 and is headquartered in Val-d'Or, Canada.

Founded in 2006

cartier resources inc (ECR) Top Compensated Officers

President, CEO & Director
Total Annual Compensation: C$202.9K
Chief Financial Officer
Total Annual Compensation: C$110.2K
Chairman & Company Secretary
Total Annual Compensation: C$32.0K
Vice President of Corporate Development
Total Annual Compensation: C$172.7K
Compensation as of Fiscal Year 2018.
cartier resources inc
Cartier Resources Inc. Reports Drill Results Update on Chimo Mine Property

Cartier Resources Inc. reported drill results grading 5.4 g/t Au over 4.5 m in a mineralized envelope that includes 10.8 g /t Au over 1.0 m in the Zone 6 of the Chimo Mine property, located 45 km east of Val-d'Or. Mineralized envelopes of 15.5 m to 1.5 g/t Au, 20.0 m to 1.0 g/t Au and 17.6 m to 1.0 g/t Au are also present in the Zone 6. In addition, an intersection grading 4.2 g/t Au over 6.4 m is found in a mineralized envelope that includes 16.6 g/t Au over 0.9 m within Zone 6C. Finally, other intervals returned 15.9 g/t Au over 1.0 m and 9.0 m to 2.1 g/t Au were intersected within Zone 6P. These three gold zones (6, 6C and 6P), located within the existing underground infrastructure of the former Chimo Mine, are separated from each other by distances of 50 m. These results from the Phase II drilling of the peripheral gold zones (FIGURE) illustrate the variability of the grades and the need for a minimum drilling density to highlight the potential of the already drilled zones and their extensions to the depth.

Cartier Resources Inc. Announces Drilling Results the Zone 3E of the Chimo Mine Property

Cartier Resources Inc. reported drill results grading 5.0 g/t Au over 5.1 m in the Zone 3E of the Chimo Mine property, located 45 km east of Val-d'Or. An intersection grading 23.7 g/t Au over 1.0 m and 7.1 g/t Au over 1.0 m included within a broader section of 8.4 m grading 2.5 g/t Au, were also obtained within Zone 3E. As well, 30 m north, an intersection grading 11.8 g/t Au over 1.0 m, included within a broader section of 34.4 m grading 1.1 g/t Au, were also obtained within Zone 2B. Lengths are expressed along drill core axis. The true thickness was not determined. The Company is currently building wireframes for the 24 mineralized zones and existing infrastructure of the former Chimo Mine in order to determine the dimensions of each mineralized zone as accurately as possible.Current Phase III drilling is focussed on expanding the dimensions of gold-bearing Zones 5NE, 5M4 and 6N1 as they are proximal to existing mine infrastructures. Chimo Mine Project Highlights: The Chimo Mine produced 379,012 ounces of gold (MERN DV 85-05 to DV-97-01). Cartier owns 100% interests of the property. Year-round access by road, proximal to 6 custom mills. Gold mineralized material was mined intermittently from 14 zones by 3 different producers. Mine infrastructure consists of a network of drifts distributed on 19 levels, connected by a 3-compartment shaft 965 m deep. The headframe and surface facilities were dismantled in 2008 but the electrical line and the sand pit are still present.

Cartier Resources Inc. Reports Earnings Results for the Full Year Ended December 31, 2018

Cartier Resources Inc. announced earnings results for the full year ended December 31, 2018. For the full year, the company announced net loss was CAD 4.989 million compared to CAD 1.866 million a year ago. Basic loss per share from continuing operations was CAD 0.03 compared to CAD 0.01 a year ago.


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