Quebec-based Cartier Resources (TSXV: ECR) has released an initial underground resource estimate for the Pusticamica deposit at its road-accessible Benoist property, 65 km northeast of Lebel-sur-Quevillon.
The gold-copper-silver deposit is host to 1.5 million indicated tonnes at 2.57 grams gold per tonne, 0.19% copper and 8.37 grams silver per tonne (2.87 grams gold-equivalent per tonne), for a total of 134,400 gold-equivalent ounces. Additional inferred resources stand at 1.5 million tonnes grading 2.2 grams gold, 0.06% copper and 2.51 grams silver (2.3 grams gold-equivalent) for a further 107,000 gold-equivalent ounces.
The resource figures are based on a 1.5 gram gold-equivalent cut-off grade and contained within two mineralized structures (Pusticamica and Dyke), each of which is divided into two domains.
“The Pusticamica deposit has the characteristics required for bulk tonnage approach as evidenced, among other things, by the geometry of the deposit, the polymetallic mineralization and the first results of the property’s resource estimate,” Philippe Cloutier, Cartier’s president and CEO, said in a news release.
In the brief, the company also indicated that it sees potential to add between 500,000 and 700,000 tonnes of crown pillar material to the resource, at grades between 3.5 grams and 4.5 grams gold-equivalent, which would be dependent on the success of a geotechnical drilling program and a rock mechanics study.
The Benoist project is near the future mill planned for Osisko Mining’s (TSX: OSK) Windfall project.
In addition to Benoist, Cartier also holds the Chimo Mine, Maccormack, Wilson, Cadillac Extension, Fenton and Dollier projects in Quebec, along the Abitibi greenstone belt.
The company is preparing for its upcoming exploration program, which is expected to include drilling at Benoist, Fenton and Wilson.
This article first appeared in the Canadian Mining Journal, part of Glacier Resource Innovation Group.