Cartier Resources – Combined Gold Resource Now At Over 2.3million Ounces With Drill Plans To Continue To Expand
Philippe Cloutier, President and CEO of Cartier Resources (TSX.V:ECR – OTC:ECRFF) joins us to highlight the updated Resource Estimate at the now consolidated Chimo Mine Project, in Quebec. This resource is the first time the newly acquired East Cadillac Property has been combined with the Company’s Chimo Mine Project. The current resource is now 7,128,000 tonnes at an average grade of 3.14 g/t Au for a total of 720,000 ounces of gold in the Indicated category and 18,475,000 tonnes at an average grade of 2.75 g/t Au for a total of 1,633,000 ounces of gold in the Inferred category.
We have Philippe outline the overall resource and explain what contributed to the slightly larger than expected resource. We then look ahead to the exploration plans that are still focused on expanding this resource. We discuss how the upcoming drilling will still be focused outside the current resource rather than on infill drilling.
If you have any follow up questions for Philippe please email us at either Fleck@kereport.com or Shad@kereport.com.
Added RSNVF ( Reyna Silver) 6K @ $0.2085
Sometime in the next 1-2 months, I believe we will see silver spike up to tag or even slightly exceed its declining 100 WMA. It’s possible silver could see $25-26.
But rather than being the beginning of a larger move higher, I think all it will end up doing is establishing a trading range for a pennant consolidation that will ultimately be defined by the declining 100 WMA on the high end and the 400 WMA on the low end. The stronger silver is relative to those MAs, the longer the consolidation will take IMO. But I do think there is a strong possibility that silver will be range bound until mid to late 2023 within this consolidation pattern.
Basically, if you are going to wait to buy silver if it breaks above $21 in the near term, for example, there are high odds you are going to be whipsawed.
Silver is going to be untradeable over the next 3 years IMO. 2024-26 is going to see it move to at least $90-100 and likely much much higher and it will more or less be a vertical move, so there really won’t be many reference points to use for trades.
This is not going to be a long term bull market. We will have based out for 7-8 years followed by a 2 year moonshot. Do not think long term at all IMO.
It’s hard to say where and when the silver miners begin to discount this move. Certain charts, like PAAS for example, actually look more advanced than silver itself, and so I am anticipating that it could keep climbing higher during silver’s consolidation. But PAAS is an exception I believe.
Added 2.4K shares NFGC ( New Found Gold) @ $3.28