Cartier Iron Intersects Major New Anomalous Alteration Zone - Grading 0.11 g Au/t and 2.65 g Ag/t over 180.4 m at Big Easy in Newfoundland

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Toronto (pts020/20.12.2018/16:00) - New zone is on the west edge of the Central 
Anomaly located 1.8 km south of the Big Easy Showing 
Includes 40m grading 0.28 g Au/t and 6.34 g Ag/t and 4.8 m grading 1.26 g Au/t 
and 33.19 g Ag/t 
Hole testing downdip extension of Big Easy showing intersected 10.6m of 0.45 g 
Au/t and 84.96 g Ag/t including 3.9m grading 0.54 g Au/t and 224.9 g Ag/t. 
 
Cartier Iron Corporation (CSE: CFE) ("Cartier Iron" or the "Company") is pleased 
to report results from the first two diamond drill holes from a four hole, 
1,249m program, at its Big Easy Gold project located on the Burin Peninsula in 
eastern Newfoundland. The first hole, BE18-29, tested the downdip potential of 
the Big Easy showing while three holes tested the Central Induced Polarization 
(IP) chargeability anomaly located 1.8km south of the Big Easy showing (see 
press release May 1, 2018). Hole BE18-30 was drilled on the western edge of the 
Central Anomaly. Hole BE18-31 was collared 40m west of Hole BE18-30 while hole 
BE18-32 was collared on the eastern edge of the Central Anomaly 200m east of 
Hole BE18-30. The Central Anomaly as well as other major chargeability anomalies 
on the property occur under prominent bogs hence drilling in the core of these 
anomalies must be carried out in the winter. Table 1 gives significant results 
and Table 2 gives details on collar coordinates and drill hole orientation. 
 
Hole BE18-30 intersected a new very wide anomalous alteration zone which 
returned 180.4 m grading 0.11 g Au/t and 2.65 g Ag/t. Within this extensive zone 
there is a 40m section which returned 0.28 g Au/t and 6.34 g Ag/t including 4.8m 
grading 1.26 g Au/t and 33.19 g Ag/t. 
 
Hole BE18-29 which tested the potential downdip extension of the Big Easy 
Showing returned 10.6m of 0.45 g Au/t and 84.96 g Ag/t including 3.9m grading 
0.54 g Au/t and 224.9 g Ag/t. The downdip extension is marked by a chargeability 
anomaly which appears to be stronger with depth. 
 
Tom Larsen, President & CEO of Cartier Iron said: "Considering the 
reconnaissance nature of this drill program and the limited meterage of 617m 
reported, these results are very encouraging and we look forward to receiving 
the results from the remaining two holes which should be available in the near 
future. We plan to do a winter drill program in conjunction with efficient 
accessibility after bog freeze-up of at least 1,000m to further test the Central 
Anomaly as well as other similar geophysical targets to the west and south." 
 
Dr. Bill Pearson, P.Geo., Chief Technical Advisor, commented: "The results from 
Hole BE18-30 indicate that the chargeability anomaly reflects an extensive zone 
of epithermal alteration and mineralization that is up to 200m wide with a depth 
extent of at least 250m.The grades are consistently anomalous throughout the 
entire section suggesting the potential for a well mineralized core zone in the 
strongest part of the chargeability anomaly (Figures 1 and 2). The mineralized 
alteration zone was also intersected in the upper part of Hole BE18-31 and the 
lower part of BE18-32 but results on these holes are pending. This zone is 
completely open along strike and at depth." 
 
Qualified Person 
 
Dr. Bill Pearson, P.Geo., a Qualified Person as defined under National 
Instrument 43-101 (NI 43-101), has reviewed and approved the scientific and 
technical content of this press release. The IP/Res survey was designed and 
supervised by Dr. Chris Hale, P.Geo., Chief Geophysicist for Cartier Iron and a 
Qualified Person as defined under NI 43-101. The diamond drill program was 
carried out and supervised by Mr. Jeff Burke, P.Geo., Exploration Manager for 
Cartier Iron on Big Easy and a qualified person as defined by NI 43-101. All 
samples were analysed using multi-digestion with ICP finish and fire assay with 
AA finish for gold by AGAT Laboratories in Mississauga, Ontario). Cartier Iron 
employs an industry standard QA/QC protocol including external standards, blanks 
and duplicates, with a 5% random split check assay on pulps and rejects by ALS 
Chemex in North Vancouver, BC. 
 
For more information, contact: 
Thomas Larsen, C.E.O. or Jorge Estepa, Vice President at [phone] or email 
at [e-mail] 
 
About Cartier Iron Corporation 
Cartier Iron is an exploration and development Company focused on discovering 
and developing significant iron ore resources in Quebec, and a potentially 
significant gold property in the province of Newfoundland and Labrador. The 
Company's iron ore projects include the Gagnon Holdings in the southern Labrador 
Trough region of east-central Quebec. The Big Easy gold property is located in 
the Burin Peninsula epithermal gold belt in the Avalon Zone of eastern 
Newfoundland. 
 
For additional information on Cartier Iron, please visit our website at: 
http://www.cartieriron.com 
 
The CSE has not reviewed nor accepts responsibility for the adequacy or accuracy 
of this release. Statements in this release that are not historical facts are 
"forward-looking statements" and readers are cautioned that any such statements 
are not guarantees of future performance, and that actual developments or 
results, may vary materially from those in these "forward-looking statements". 
 
(Ende) 
 
Aussender: Cartier Iron Corporation 
Ansprechpartner: Jorge Estepa 
Tel.: [phone] 
E-Mail: [e-mail] 
Website: www.cartieriron.com 
 
Quelle: http://www.pressetext.com/news/20181220020 
 
 

(END) Dow Jones Newswires

December 20, 2018 10:00 ET (15:00 GMT)