Early results from Cartier Resources’ (ECR-V) Cadillac Extension project near Val-d’Or show promise and the company’s share price responded.
Cartier announced that channel samples from the project, which sits 15-km east of Val-d’Or in Quebec, returned a highlight assay of 3.03% copper, 1.63% zinc and 83.57 grams silver over 10 metres within a broader interval taken partially across a fold structure grading 1.00% copper, 1.11% zinc, 31.84 grams silver over 58 meters
A second sample returned 3.49% copper, 8.93% zinc and 61.56 grams silver over 2 meters within a wider interval grading 1.24% copper, 1.73% zinc and 25.05 grams silver over 14 meters.
The results come out of additional trench work done on the Langlade polymetallic zone at the project.
An IP survey over the zone area showed an anomaly averaging 100 metres wide and up to 70 meters long.
Cartier says the anomaly correlates with the mineralization and supports the idea that mineralization may well extend west and east along the survey boundary.
Most of the channel samples were taken perpendicular to the mineralization but the company says true thickness, which would take into account the varying dip, cannot be calculated yet.
“These results show that high grade base metal mineralization can be concentrated in areas that are open at depth and laterally,” Philippe Cloutier, Cartier’s president and chief executive said in a statement.
In Toronto on Aug. 11 the company’s shares shot up 12% or 4¢ to 37¢ on 152,000 shares traded.
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