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Be the first with the news that moves the market- Cartier Silver (CSE:CFE) has begun diamond drilling at its Gonalbert Property in Bolivia
- The drilling will test geophysical and geological targets for epithermal silver-lead-zinc mineralization
- The program will consist of five drill holes for a total of 3,300 metres
- Shares of Cartier Silver are unchanged at C$0.59
Cartier Silver (CSE:CFE) has officially begun diamond drilling at its Gonalbert Property in Bolivia.
The Toronto-based exploration and development company said in a news release that the initial five-hole drill program totaling 3,300 metres will test geophysical and geological targets for epithermal polymetallic silver-lead-zinc mineralization near the artisnal silver mine.
Tom Larsen, CEO of Cartier Silver, said previous geophysical and geological work outlined a target area that is 800 metres by 500 metres and extends to a depth of 400 metres.
“Additional geophysical work has now extended this target zone a further 1 kilometre to the northwest. Significantly, the chargeability anomaly becomes stronger, especially at depths greater than 100m, below a depleted, near-surface zone where sulphide mineralization has been extensively oxidized,” Larsen said in a statement.
Cartier Silver is focused on advancing and developing its silver property assets, including the Chorrillos Projects and other claims staked by its subsidiary.
In addition to its assets in Bolivia, Cartier also holds iron ore resources at its Gagnon Holds in east-central Quebec and the Big Easy Property in Newfoundland and Labrador.
Shares of Cartier Silver (CFE) are unchanged at C$0.59.
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