Cartier Announces Filing of Updated Mineral Resource Estimate Technical Report for the Cadillac Project
MWN-AI** Summary
Cartier Resources Inc. has announced the filing of an updated Mineral Resource Estimate (MRE) Technical Report for its flagship Cadillac Project located in Val-d’Or, Quebec. This report, compliant with National Instrument 43-101 (NI 43-101), reflects significant findings following extensive drilling efforts, with approximately 110,000 metres completed by Cartier from 2016 to 2024, complemented by 420,000 metres from previous mining companies. The independent assessment was prepared by PLR Resources Inc. and Evomine, with an effective date of November 11, 2025.
The updated MRE indicates a substantial increase in gold resources compared to the 2023 Preliminary Economic Assessment (PEA). Total gold resources now equal 9,953,000 tonnes at a grade of 2.40 g/t Au, yielding 767,800 ounces in the Measured and Indicated (M&I) categories—a 7% increase. Additionally, an impressive increase of 48% in Inferred resources brings this figure to 35,185,000 tonnes at a grade of 2.14 g/t Au, yielding 2,416,900 ounces.
Highlights of the report emphasize the project's development potential, including a substantial underground resource, which constitutes over 88% of total resources. This resource is supported by valuable existing infrastructure, potentially lowering future capital expenditures. Moreover, the Cadillac Project exhibits promising camp-scale upside with gold sectors extending over 9 km along the Cadillac and Héva Fault Zones.
Despite significant discoveries, investors are cautioned that the resources reported do not equate to mineral reserves as they have not demonstrated economic viability. Nonetheless, the mineral potentials revealed imply strong future exploration opportunities aimed at enhancing resource confidence and quality through further drilling initiatives.
For detailed information, the full report is available on Cartier's website and via SEDAR+.
MWN-AI** Analysis
The recent announcement by Cartier Resources Inc. regarding the filing of its Updated Mineral Resource Estimate Technical Report for the Cadillac Project marks a significant milestone for the company and presents a unique opportunity for investors. The report reveals notable increases in both Measured & Indicated (M&I) and Inferred gold resources, reflecting Cartier’s commitment to advancing its flagship asset in Quebec’s prolific mining district. The substantial upgrades—7% in M&I and 48% in Inferred resources—demonstrate the project's growing potential and the effectiveness of Cartier's extensive drilling efforts over the past decade.
Investors should take note of the project's substantial 25% M&I resource composition, alongside the impressive underground resource estimates that constitute over 88% of the total gold resources. This is vital for de-risking, as the presence of historical infrastructure not only bolsters the project's viability but can significantly reduce future capital expenditures. The sizeable, flexible development pathways highlighted in the report, especially with the near-term optionality provided by pit-constrained resources, also provide a buffer against market volatility.
Additionally, the exploration potential indicated by the 6 km of unexamined strike length along the Cadillac Fault and the conceptual exploration target suggests significant upside possibilities. An allocated budget for future drilling aimed at exploring this extent could further bolster resource estimates and, consequently, investor confidence.
In light of these developments, stakeholders may consider accumulating positions in Cartier Resources. The strategic significance of the Cadillac Project, combined with improved resource metrics and exploration potential, positions the company well for potential value appreciation. However, investors should remain aware of the inherent risks in the mining sector, particularly the classification of Inferred resources and their uncertain conversion to reserves. Overall, Cartier Resources appears well-poised for growth, making it a compelling prospect for those interested in the gold mining sector.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
VAL-D’OR, Quebec, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (? Cartier ? or the ? Company ?) (TSXV: ECR; FSE: 6CA) is pleased to announce that it has filed the National Instrument 43-101-compliant (" NI 43-101 "), Updated Mineral Resource Estimate (" MRE ") Technical Report on its 100% owned flagship Cadillac Project, located in Val-d’Or (Abitibi, Quebec). Report results were previously announced in Cartier's news release dated December 18, 2025. The updated estimate includes approximately 110,000 metres of drilling completed by Cartier from 2016 to 2024 as well as 420,000 metres drilling completed by previous mining compagnies.
The MRE was independently prepared by PLR Resources Inc. and Evomine, specialists in mineral resource estimates and project evaluations, in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (" NI 43-101 "), with an effective date of November 11, 2025.
The full report entitled "NI 43-101 Technical Report and Mineral Resource Estimate on the Cadillac Project, Val-d’Or, Abitibi, Quebec, Canada," can be found on the Company's website (https://ressourcescartier.com/) and on SEDAR+ (https://www.sedarplus.ca/home/).
Strategic & Investment Significance Highlights of the Updated Mineral Resource Estimate
- Growing gold resource: Compared to the 2023 Preliminary Economic Assessment (? PEA ?), total gold resources now contains 9,953,000 tonnes at a grade of 2.40 g/t Au for 767,800 ounces Measured & Indicated (" M&I ") (a 7% increase) and 35,185,000 tonnes at a grade of 2.14 g/t Au for 2,416,900 ounces Inferred (a 48% increase), following the first-ever consolidation (2022) of all gold sectors across the entire Cadillac project.
- Increasing confidence & de-risking: M&I resources represent 25% of total resources, including 5,988,000 tonnes at a grade of 2.61 g/t Au for 502,600 ounces Measured, strengthening the project’s development profile.
- Flexible development pathways: 12% of total gold resources are pit-constrained, offering near-term optionality with 3,500,000 tonnes at a grade of 1.84 g/t Au for 207,800 ounces M&I and 4,740,000 tonnes at a grade of 1.13 g/t Au for 172,600 ounces Inferred.
- Large underground resource & existing infrastructure advantages: Over 88% of total gold resources are underground-constrained with 6,450,000 tonnes at a grade of 2.70 g/t Au for 559,900 ounces M&I and 30,450,000 tonnes at a grade of 2.29 g/t Au for 2,244,200 ounces Inferred. This large resource is supported by valuable historical infrastructure including a 920 m shaft, 500 m ramp and 7 km of drifts, these could significantly reduce future capital requirements and allow management to adapt development strategies.
- Camp-scale upside potential: Gold sectors extend over 9 km along the Cadillac and Héva Fault Zones, covering 66% of a 15 km highly prospective gold corridor, leaving 6 km of strike with strong upside potential to be fully explored for resource expansion.
- High-quality core sector: The Main Sector (Chimo, East Chimo and West Nordeau deposits) hosts 87% of total resources within a 3 km mineralized trend and remains open at depth and along strike, providing strong leverage to further drilling success.
- Significant exploration target: A conceptual exploration target of 8 to 12 Mt of mineralization grading between 2.2 to 2.8 g/t Au, representing 600,000 to 1,100,000 ounces of gold, highlights the project’s potential to materially grow beyond the current resource base.
Table 1: Results of the Updated Mineral Resource Estimate
| All sectors / Category | Open Pit Resources | Underground Resources | Total | ||||||
| Cut-off Grade = 0.30 g/t Au | Cut-off Grade = 1.00 g/t Au | ||||||||
| Tonnes (t) | Grade (Au g/t) | Gold (oz) | Tonnes (t) | Grade (Au g/t) | Gold (oz) | Tonnes (t) | Grade (Au g/t) | Gold (oz) | |
| Measured | 1,770,000 | 2.16 | 123,300 | 4,210,000 | 2.80 | 379,300 | 5,988,000 | 2.61 | 502,600 |
| Indicated | 1,730,000 | 1.52 | 84,500 | 2,240,000 | 2.51 | 180,600 | 3,965,000 | 2.08 | 265,200 |
| Measured & Indicated | 3,500,000 | 1.84 | 207,800 | 6,450,000 | 2.70 | 559,900 | 9,953,000 | 2.40 | 767,800 |
| Inferred | 4,740,000 | 1.13 | 172,600 | 30,450,000 | 2.29 | 2,244,200 | 35,185,000 | 2.14 | 2,416,900 |
Qualified Person
The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ?Qualified Person? as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (?NI 43-101?).
The independent qualified persons for the MRE, as defined by National Instrument 43-101 guidelines (?NI 43-101?), is Pierre-Luc Richard, P.Geo., of PLR Resources Inc., with contributions from Stephen Coates, P.Eng., of Evomine Consulting for cut-off grade estimation and open pit and underground stope optimization solids.
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.
About Cartier Resources Inc.
Cartier Resources Inc., 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 and a track record of successful exploration 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.
Cautionary Statement Regarding Mineral Resources
The mineral resources disclosed in this press release conform to NI 43-101 standards and guidelines and were prepared by independent qualified persons. The above-mentioned mineral resources are not mineral reserves as they do not have demonstrated economic viability. The quantity and grade of the reported Inferred Mineral Resources are conceptual in nature and are estimated based on limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological grade and/or quality of continuity. An Inferred Mineral Resource has a lower level of confidence relative to a Measured or Indicated Mineral Resource and constitutes an insufficient level of confidence to allow conversion to a Mineral Reserve. It is reasonably expected, but not guaranteed, that the majority of Inferred Mineral Resources could be upgraded to Measured or Indicated Mineral Resources with additional drilling.
For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FAQ**
What are the key implications of the updated mineral resource estimate for Cartier Resources Inc. (ECRFF) in terms of potential future gold production from the Cadillac Project?
How does the inclusion of new drilling data affect the confidence levels in the resource estimates for Cartier Resources Inc. (ECRFF) at the Cadillac Project compared to previous assessments?
What strategies is Cartier Resources Inc. (ECRFF) considering to capitalize on the significant underground resource and existing infrastructure at the Cadillac Project for future development?
Can you provide insights into the exploration plans that Cartier Resources Inc. (ECRFF) has to further investigate the conceptual exploration target at the Cadillac Project, as mentioned in the updated resource estimate?
**MWN-AI FAQ is based on asking OpenAI questions about Cartier Resources Inc. (TSXVC: ECR:CC).
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