Original News Release
Cartier starts 100,000 m drill program at Cadillac
Mr. Philippe Cloutier reports
CARTIER LAUNCHES AMBITIOUS 100,000-M DRILL PROGRAM ON CADILLAC
Cartier Resources Inc. has started the fully financed 100,000-metre diamond drilling program on its 100-per-cent-owned Cadillac project in Quebec. Strategically located in the heart of the prolific Val d'Or gold belt, the project benefits from exceptional proximity to mining and milling infrastructure and qualified work force.
"This is the most extensive drilling program ever undertaken on Cadillac and a turning point for Cartier. Our objective is clear: to prove Cadillac's scale as a major gold camp. With this campaign now under way, we are confident the results will highlight the project's potential to deliver meaningful value for our shareholders," said Philippe Cloutier, president and chief executive officer of Cartier.
"Following months of strategic planning and backed by detailed structural modelling and AI-driven targeting, this program will both expand known gold zones and test new high-potential targets. Leveraging insights identified through our recent exploration success and Vrify's AI (artificial intelligence), we have delineated multiple high-priority regional targets exhibiting geological signatures strongly similar to the existing zones and offer promising potential to make new discoveries. 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," said Ronan Deroff, vice-president of exploration of Cartier.
Three key aspects of the Cadillac drilling campaign
Scope
Largest 100,000-metre program ever on the Cadillac project;
600 drill holes and 200 m average depth over 18 months.
Target
67 per cent of expansion of known gold zones -- brownfield growth;
33 per cent of exploration of new grassroots targets -- greenfield discovery.
Funding
Fully financed with $11-million in cash, debt-free.
Qualified person
The scientific and technical content of this press release has been prepared, reviewed and approved by Ronan Deroff, PGeo, MSc, vice-president of exploration, who is a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.
About Cadillac project
The Cadillac project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac fault, is one of the largest consolidated land packages in the Val d'Or mining camp. Cartier's flagship asset integrates the historic Chimo mine and East Cadillac projects, creating a dominant position in a world-class gold mining district.
With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.
Using a gold price of $1,750 (U.S.)/ounce, a preliminary economic assessment demonstrated the economic viability of a two-kilometre segment, compared with the 15 km that will be the subject of the 100,000 m drilling program, with an average annual gold production of 116,900 oz over a 9.7-year mine life. Indicated resources are estimated at 720,000 ounces (7.1 million tonnes at 3.1 grams per tonne Au) and inferred resources at 1,633,000 ounces (18.5 million tonnes at 2.8 g/t Au). Please see the NI 43-101 "Technical Report and Preliminary Economic Assessment for Chimo Mine and West Nordeau Gold Deposits, Chimo Mine and East Cadillac Properties, Quebec, Canada, Marc R. Beauvais, PEng, of InnovExplo Inc., Florent Baril of Bumigeme, and Eric Sellars, PEng of Responsible Mining Solutions," effective May 29, 2023.
About Cartier Resources Inc.
Cartier Resources, founded in 2006 and headquartered in Val d'Or (Quebec), is a gold exploration company focused on building shareholder value through discovery and development in one of Canada's most prolific mining camps. The company combines strong technical expertise, a record of successful exploration and a fully financed program to advance its flagship Cadillac project. Cartier's strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.
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