Northwire Canada EditionFriday, August 7, 2026
Northwire
UTWO 0.380 +2.7% KTN 1.30 +3.2% PEX 0.200 +2.6% BTO 6.95 +21.1% SRC 1.71 −1.2% FTJ 0.040 +0.0% WMS 0.040 +0.0% TUO 1.56 +1.3% LMR 0.120 +0.0% STND 0.075 +3.5% ASE 0.940 +4.4% YGT 0.185 +2.8% SMY 0.200 +0.0% STS 0.240 +11.6% HSTR 1.97 +4.8% CTG 0.110 +0.0% UTWO 0.380 +2.7% KTN 1.30 +3.2% PEX 0.200 +2.6% BTO 6.95 +21.1% SRC 1.71 −1.2% FTJ 0.040 +0.0% WMS 0.040 +0.0% TUO 1.56 +1.3% LMR 0.120 +0.0% STND 0.075 +3.5% ASE 0.940 +4.4% YGT 0.185 +2.8% SMY 0.200 +0.0% STS 0.240 +11.6% HSTR 1.97 +4.8% CTG 0.110 +0.0%
Drill Results

Cartier Cuts 16.2 g/t Au over 3.5 m included in 5.9 g/t Au over 11.0 m at Contact (Cadillac); Extends Multiple High-Grade Gold Zones Near Surface

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Executive Summary

On December 2, 2025, Cartier Resources announced the fifth batch of drilling results from its ongoing 100,000-meter program at the Cadillac Project in Quebec. The results are from the North Contact Zone (NCZ) of the Contact Sector.

Key intercepts include: - Hole CA25-551: 5.9 g/t Au over 11.0 m, which includes a higher-grade section of 16.2 g/t Au over 3.5 m. - Hole CA25-546: 16.1 g/t Au over 2.0 m, including 57.8 g/t Au over 0.5 m with visible gold. - Hole CA25-546: 29.7 g/t Au over 0.7 m. - Hole CA25-535: 17.0 g/t Au over 1.0 m.

Management stated that these results have again exceeded expectations, confirming the strength and continuity of the high-grade gold system. They also highlighted the emergence of the newly identified Héra Fault Zone as a promising growth opportunity, with early drilling 500 meters east of the NCZ already intersecting visible gold.

Material Impact

The drill results announced on December 2, 2025, are materially positive. They represent a successful continuation of the company's exploration strategy and build upon a series of strong results released over the past few months.

  • Consistency and Confirmation: The results, particularly 16.2 g/t Au over 3.5 m and 16.1 g/t Au over 2.0 m, are robust and consistent with previous high-grade intercepts from the Cadillac project (e.g., 111.5 g/t over 2.0 m on Nov 4; 11.0 g/t over 9.0 m on Oct 21). This consistency is critical as it demonstrates the continuity of the high-grade mineralization, reducing exploration risk and increasing confidence in the geological model. The grades are well above the existing average resource grade of ~3 g/t Au.

  • Execution on Strategy: The news confirms Cartier is effectively deploying the capital raised in April 2025 towards its stated 100,000-meter drill program. The regular flow of positive results since the program began in late August 2025 shows strong operational execution.

  • Growth Potential: The identification and initial success in the Héra Fault Zone, 500 meters east of the current focus area, suggests significant potential to expand the mineralized footprint. The VP of Exploration notes over 5 km of untested ground remains open to the east, offering substantial upside for new discoveries.

  • Financial Position: The program is fully funded from the ~$11.4M financing completed in April 2025. The September 30, 2025 financials confirm a strong cash position of over $10M, sufficient to complete the ongoing program without immediate need for further financing.

While these results are excellent and de-risk the project further, they are part of a larger, ongoing program. They are in line with the high expectations set by previous announcements and do not fundamentally alter the company's story in a single step. Therefore, the news is rated as Material - Positive rather than a Game Changer. The market has been anticipating strong results, as reflected in the stock's appreciation since August 2025. This release meets those expectations and supports the current valuation and positive trend.

ECR · Price
Company Overview

Cartier Resources Inc. is a Canadian-based gold exploration company focused on advancing its portfolio of projects in the Abitibi Gold Belt of Quebec.

The company's flagship asset is the 100%-owned Cadillac Project, located 45 km east of Val-d'Or. This is a large, 14,000-hectare property that consolidates the past-producing Chimo Mine with adjacent claims, covering a 15 km strike length of the prolific Larder Lake-Cadillac Fault Zone.

The project has an existing NI 43-101 resource estimate (May 2023) of: - Indicated: 7.1M tonnes at 3.1 g/t Au for 720,000 ounces. - Inferred: 18.5M tonnes at 2.8 g/t Au for 1,633,000 ounces.

Cartier is currently executing a fully-funded, 100,000-meter drill program (Q3 2025 - Q2 2027) aimed at expanding known deposits and discovering new high-grade gold zones on the property.

Read the original news release →

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