Interview with Philippe Cloutier, President & CEO of Cartier Resources Inc.

Our previous interview: https://www.cruxinvestor.com/posts/cartier-resources-tsxvecr-pitch-perfect-4022

Recording date: 5th December 2023

Cartier Resources offers leverage to a potentially emerging gold district centered around its flagship Chimo Mine property in mining-friendly Quebec. Recent strategic consolidation unified a land package hosting high-grade gold prospects spanning 15 kilometers east and west from this past-producing asset. With existing underground infrastructure and a positive preliminary economic assessment already demonstrating potential project viability, the company aims to systematically explore their holdings to outline new resources at satellite zones that could support centralized production.

According to CEO Philippe Cloutier, last year’s 25,000 meter drill program, updated resource estimate to over 800,000 ounces of gold, and maiden economic study were just first steps in realizing the property’s full potential. Compiling decades of fragmented historical drilling data across newly acquired lands revealed significant high-grade intercepts outside areas of previous modern exploration. Cartier sees strong evidence these new zones bear similarities to the multi-million ounce original Chimo deposit.

Cloutier notes that, unlike surrounding mines where production reached depths around 200 meters, Cartier has proven continuity down to 1500 meters. Applying this understanding to extensive prospective ground hosting shallow gold occurrences near surface could rapidly elevate the resource inventory.

With funding secured for further exploration and project enhancement, 2023 will see Cartier advance studies while testing the most promising new targets. Cloutier aims to provide steady news flow revaluing the company towards comparable peers in the region to reflect the growing resource base. But with unexplored strike length rivaling peer districts hosting 5 to 15 million ounces of gold resources, significant further gains are possible as the story becomes further de-risked.

—

View Cartier Resources' company profile: https://www.cruxinvestor.com/companies/cartier-resources-inc

Sign up for Crux Investor: https://cruxinvestor.com