well TORONTO, June 08, 2021 (GLOBE NEWSWIRE) -- Cartier Iron Corporation (CSE: CFE) (“Cartier Iron”), announces results of its winter 2021 diamond drilling and Induced Polarization/Resistivity (“IP/Res”) program on its Big Easy Gold Project in eastern Newfoundland. Four (4) diamond drill holes totalling 1,348m were completed to test IP chargeability targets on the Central Anomaly and Shoal Harbour Grid as shown in Figure 1. Table 1 summarizes significant results and Table 2 gives the hole locations. An additional 39.5 linekm of IP surveys were carried out to follow-up a major new target area outlined by geological mapping, geochemical soil sampling, airborne magnetics and prospecting on the Sleigh Pond Grid in the southern part of the property (Figure 2).
Dr. Bill Pearson, P.Geo., Chief Technical Advisor for Cartier Iron, commented: “Our drill program was successful in confirming an extensive zone of silicification up to 200m wide with epithermal gold-silver mineralization in the Central Anomaly. Further drilling is required to explore the full potential of this zone which extends for at least 600m along strike. Our new IP/Res survey in the southern part of the claims has outlined an extensive target zone some 12km long from the Sleigh Pond grid northwards to the east of the Shoal Harbour Grid.”
Central Anomaly Drilling
Follow-up drilling of two holes totalling 787m was completed on the Central Anomaly where drilling in 2018 intersected a wide alteration zone which returned 0.11 g Au/t and 2.65 g Ag/t over 180.4m (see press release December 18, 2018). These new holes tested the core area of the anomaly which is approximately 200m wide and is located below the centre of the bog. Figure 3 is a plan map showing the hole locations and Figure 4 is a geological cross section.