Cartier Reports Significant Gold Resource Growth At Cadillac With 9,953,000 tonnes at a grade of 2.40g/t Au for 767,800 Ounces Measured and Indicated, a 7% Increase and 35,185,000 tonnes at a grade of 2.14g/t Au for 2,416,900 Ounces Inferred, a 48% Increa
Agnico Eagle-backed Cartier Resources delivers massive 48% inferred gold growth as Cadillac Project eyes tier-one scale in Quebec.
On December 18, 2025, Cartier Resources announced a substantial update to the Mineral Resource Estimate (MRE) for its 100% owned Cadillac Project in Quebec. Key highlights include: - Total Measured and Indicated (M&I) resources grew to 767,800 ounces of gold (9.95M tonnes @ 2.40 g/t Au), a 7% increase from the 2023 PEA. - Total Inferred resources surged to 2,416,900 ounces of gold (35.18M tonnes @ 2.14 g/t Au), representing a 48% increase. - The resource is calculated using a gold price of USD $3,000/oz, reflecting a highly optimistic outlook on long-term bullion prices. - The "Main Sector" remains the powerhouse of the project, hosting 87% of the total resources. - The company confirmed that a significant 100,000m drilling program is ongoing (Q3 2025 to Q2 2027) with a Preliminary Economic Assessment (PEA) update scheduled for 2026.
The news is Material - Positive. The 48% jump in Inferred ounces is a significant validation of the "camp-scale" potential management has touted throughout 2025. - Scale and Continuity: The shift in resource category and volume suggests that Cartier is successfully transitioning from a collection of small deposits to a unified, large-scale mining project. - Strategic Validation: Throughout late 2025, Cartier released five batches of high-grade drill results (including intercepts of 111.5 g/t Au and 35.5 g/t Au). The MRE proves these hits were not isolated but part of a growing, continuous system. - Valuation vs. Assumptions: While the growth is impressive, the use of a $3,000/oz gold price for the MRE is aggressive. Most peers still use $1,750–$2,000 for conservative resource modeling. This $3,000 base case likely captures lower-grade envelopes that may be vulnerable if gold prices retract. - De-risking: Ongoing metallurgical and environmental baseline studies (awarded to Soutex and Stantec in Q3/Q4 2025) indicate a professional progression toward development, not just endless exploration.
Cartier Resources is a Montreal-based explorer focused on the Abitibi Greenstone Belt in Quebec. Its flagship Cadillac Project consolidates 15 km of the Larder Lake-Cadillac Fault Zone, including the past-producing Chimo Mine. The project benefits from world-class infrastructure, including year-round road access, nearby milling capacity, and a skilled workforce in Val-d’Or.