Borel River Property

History

In June 2012 Cartier Iron Corporation acquired a 100% right, title and interest in the Borel River Property with the payment of $25,000 and the issuance to the Vendor of 500,000 common shares of Cartier.

Geology

Several highly metamorphosed, magnetite-specularite and meta-taconite iron deposits that contain 30% to 35% Iron (Fe) are known to exist in the vicinity of the Borel River Property (e.g., Morgan, Castle Mountain). These contain significant historic iron resources and are being aggressively explored by Oceanic Iron Ore Corp. Although considered speculative, these deposits point to the considerable potential for National Instrument 43-101 compliant iron resources within the area.

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