Globex Reports Additional High-Grade Gold in Drilling on it's Nordeau Royalty Claims
Agnico-Backed Junior Scales Cadillac Project as 100,000-Meter Drill Campaign Delivers High-Grade Strike Extensions
The news from February 4, 2026, and February 3, 2026, details the "seventh batch" of results from Cartier’s 100,000-meter diamond drilling program at its flagship Cadillac Project. Key highlights include the discovery of high-grade gold in the North Contact Zone (NCZ) East Extension, with notable intercepts of 54.6 g/t Au over 1.0 m and 4.4 g/t Au over 6.0 m. This drilling successfully extended the mineralized system 500 meters further to the east along strike. The mineralization is confirmed from surface and remains open at depth. Furthermore, management indicated a desire to expand the current 100,000-m program to 250,000 meters, signaling high confidence in the H\u00e9va Fault Zone's potential.
The news is Material - Positive for the following reasons: - Strike Extension: Extending the North Contact Zone by 500 meters significantly increases the potential tonnage and footprint of the project. - High-Grade Continuity: Multiple batches of results (Batches 1-7) have consistently yielded high-grade intercepts, confirming that the high-grade nature of the Cadillac Project is not isolated to historical zones. - Strategic Validation: The interest from Globex (the royalty holder) and the consistent delivery of results validate the massive 100,000-m drill program's objectives. - Resource Growth Potential: These results are not yet reflected in the updated Mineral Resource Estimate (MRE) filed in January 2026, suggesting that the already substantial 2.4 million inferred ounce resource has immediate room for growth. - Operational Efficiency: Mineralization starting at surface with minimal overburden (<5m) suggests lower capital intensity for future development scenarios.
Cartier Resources is focused on its 100% owned Cadillac Project in the Abitibi Gold Belt, Quebec. The project spans 14,000 hectares and 15 km of the Cadillac-Larder Lake Fault. - Flagship Project: Cadillac Project (consolidated in 2022). - Resource (Jan 2026 MRE): 767,800 oz M&I (2.4 g/t Au) and 2,416,900 oz Inferred (2.14 g/t Au). - Infrastructure: Includes a historical shaft, ramp, and road access, situated near existing milling capacity in Val-d’Or.