Cartier Announces Filing of Updated Mineral Resource Estimate Technical Report for the Cadillac Project
Agnico-backed Cartier formalizes 48% inferred resource spike as 100k-meter drill campaign unlocks Cadillac camp scale
On January 28, 2026, Cartier Resources filed its NI 43-101 Technical Report for the updated Mineral Resource Estimate (MRE) on its 100%-owned flagship Cadillac Project. This report formalizes the data previously summarized in December 2025. Key highlights include a 7% increase in Measured and Indicated (M&I) resources to 767,800 ounces (9.95M tonnes @ 2.4 g/t Au) and a massive 48% increase in Inferred resources to 2,416,900 ounces (35.19M tonnes @ 2.14 g/t Au). The report incorporates approximately 530,000 meters of drilling and confirms that the project now holds over 3.1 million ounces of gold across all categories, with significant flexibility for both open-pit and underground development.
The impact of this filing and the underlying resource growth is Material - Positive for several reasons: - Resource Scale: Crossing the 3-million-ounce threshold (M&I + Inferred) moves the Cadillac Project from a "prospect" to a "development-scale asset." The 48% jump in Inferred resources demonstrates that the 100,000-meter drill program (initiated in Q3 2025) is successfully identifying high-grade continuity. - De-risking and Validity: The formal filing of the NI 43-101 provides the technical transparency required for institutional investors and potential acquirers. It confirms the "Strategic Gap" discoveries and the North Contact Zone (NCZ) are adding tangible value. - Optionality: The report outlines a dual-track development potential (pit and underground), which improves project economics in a fluctuating gold price environment. Specifically, 88% of the resource is underground-constrained, fitting the mining profile of Cartier's strategic partner, Agnico Eagle.
Cartier Resources is a Quebec-based explorer focused on the Cadillac Project, located in the prolific Abitibi Gold Belt. The project covers 14,000 hectares and 15 km of the Cadillac Fault. It includes the past-producing Chimo Mine. The project benefits from world-class infrastructure, including road access, nearby power, and proximity to several operating mills (including Agnico’s LaRonde complex).