| Company | Cartier Iron Corporation |
| Date | 2018 |
| Region | Newfoundland and Labrador, Canada |
| Commodities | Gold, Silver |
| Status | Exploration |
Executive Summary
The Big Easy Exploration Property is located in the Clarenville Area of Newfoundland and Labrador, Canada, within the Neoproterozoic magmatic arc sequences of the Avalon Zone. The property hosts a low sulphidation epithermal system characterized by banded quartz adularia veining, intense silicification, and associated gold-silver mineralization. Work completed between 2011 and 2017 has confirmed the presence of high-grade precious metal intercepts locally carrying ~10 g/t Au and/or >100 g/t Ag, developed over widths ranging from centimeters to meters within mineralized alteration haloes.
Geological interpretation suggests the mineralization is associated with paleo-surface sinter deposition, indicating near-surface hydrothermal activity. High-grade vein and vein breccia intercepts are expected at paleo-depth levels exceeding 150 to 200 m vertically below the demonstrated sinter deposition level. The mineralized alteration zones at Big Easy and ET areas are interpreted as parts of a larger, north-south striking alteration corridor measuring at least 3.5 km in length.
Recommendations include defining the broad limits of the alteration zones through IP-Resistivity surveying, re-logging historic drill core, and compiling digital exploration data. A two-phase exploration program is proposed with an estimated budget of $2.5 million CAD over 24 months, focusing on geophysical surveying, core drilling, and geological modeling to test new targets and expand known mineralization.
Reports
Website: https://cartieriron.q4web.com/Investors/Press-Releases/Press-Release-Details/2018/Cartier-Files-NI-43-101-Technical-Reportfor-the-Big-Easy-Property-Newfoundland/default.aspx
Report Date: 2018
Region: Newfoundland and Labrador, Canada
Project Status: Exploration
Commodity: Gold, Silver
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