Cartier starts 100,000 m drill program at Cadillac

Executive Summary

• Cartier Resources has commenced a fully‑financed 100,000‑metre diamond drilling program on its 100% owned Cadillac project in Quebec.
• The campaign will consist of ~600 drill holes averaging 200 m depth over an 18‑month period, targeting both brownfield expansion (67%) and greenfield discovery (33%).
• Funding is secured with $11 million in cash; the program is debt‑free and aims to prove Cadillac’s potential as a camp‑scale, high‑grade gold asset.

Key Details

• Program Scope: 100,000 m total drill length – the largest ever on Cadillac; ~600 holes; average depth 200 m; duration ≈18 months.
• Target Allocation: 67% of drilling to expand known gold zones (brownfield); 33% to explore new grassroots targets (greenfield).
• Funding: Fully financed with $11 million cash on hand; no debt incurred for the program.
• Strategic Rationale: Leverages AI‑driven targeting (Vrify) and recent exploration successes to delineate high‑priority regional targets along the 15 km Cadillac fault zone, now owned entirely by Cartier.
• Qualified Person: Ronan Deroff, P.Geo., MSc, VP Exploration – NI 43‑101 qualified person reviewed and approved scientific/technical content.
• Project Context: Cadillac covers 14,000 ha along a 15‑km fault; integrates historic Chimo mine and East Cadillac projects; positioned near road, infrastructure, and milling capacity for rapid advancement.
• Preliminary Economic Assessment (PEA) Highlights (using $1,750/oz Au):
• Two‑kilometre segment demonstrated economic viability; the full 15 km target of the drill program is expected to scale that model.
• Projected average annual production: 116,900 oz Au over a 9.7‑year mine life.
• Indicated resources: 720,000 oz (7.1 Mt @ 3.1 g/t Au).
• Inferred resources: 1,633,000 oz (18.5 Mt @ 2.8 g/t Au).
• Management Comments:
• CEO Philippe Cloutier called the program “the most extensive drilling program ever undertaken on Cadillac and a turning point for Cartier.”
• VP Exploration Ronan Deroff highlighted AI‑driven targeting and the goal to unlock camp‑scale, high‑grade gold potential along the fault zone.

Notable Quotes

• “This is the most extensive drilling program ever undertaken on Cadillac and a turning point for Cartier… we are confident the results will highlight the project's potential to deliver meaningful value for our shareholders.” – Philippe Cloutier, President & CEO
• “Our clear objective is to unlock the camp‑scale, high‑grade gold potential along the 15 km Cadillac fault zone, which for the first time belongs to a single company.” – Ronan Deroff, Vice‑President Exploration