Cartier Resources Inc. has announced the sixth batch of results from its extensive drilling program at the 100%-owned Cadillac Project, located in Val-d'Or, Quebec. The company reported impressive drill hole intersections, including 29.6 grams per tonne of gold over 1.7 meters and 13.2 grams per tonne over 1.0 meter, unlocking two new high-grade gold zones in a strategic gap between the Chimo and East Chimo deposits.
Strategic Discoveries in the Main Sector
The discoveries are part of a 100,000-meter drilling program utilizing two drill rigs in the Main Sector of the Cadillac Project. These findings mark a significant advancement in the exploration efforts, with the new zones demonstrating strong potential for depth expansion and meaningful cost reductions in future mining operations.
Detailed Drill Hole Results
The drill results highlight several key intersections:
- Hole CA25-300 intersected 29.6 g/t Au over 1.7 meters, including 54.3 g/t Au over 0.9 meters in the 5B3 Zone.
- Hole CA25-303 graded 13.2 g/t Au over 1.0 meter in the 5C3 Zone.
- Hole CA25-301 intersected 2.7 g/t Au over 5.0 meters, including 8.0 g/t Au over 1.0 meter in the 5C3 Zone.
Additionally, in the 5B4 Zone, holes CA25-295, CA25-292A, and CA25-296 confirmed extensions to surface, with intersections of 4.9 g/t Au over 3.1 meters, 3.1 g/t Au over 4.0 meters, and 2.3 g/t Au over 8.0 meters, respectively.
Significance for Investors and Project Economics
The new high-grade gold zones, 5B3 and 5C3, are strategically located midway between the Chimo Deposit, which holds 683,300 ounces in measured and indicated resources plus 904,000 ounces inferred, and the East Chimo Deposit, with 1,400 ounces indicated and 464,700 ounces inferred. This positioning supports more efficient mine planning and development, potentially enhancing the project's overall economics.
Furthermore, the confirmation that the 5B4 Zone extends to surface, now continuous from surface to 1,300 meters and still open at depth, opens the door to more flexible operating scenarios. This near-surface mineralization could lead to improved capital efficiency and significant upside potential for resource growth.
Executive Insights and Future Plans
Philippe Cloutier, President and CEO of Cartier, commented, "These new high-grade discoveries between the Chimo and East Chimo deposits demonstrate the continuity of mineralization in this area and reinforce our confidence in the project's growth potential. Confirming near-surface mineralization positions us to advance Cadillac with greater flexibility and improved capital efficiency."
Ronan Deroff, Vice President of Exploration, added, "These results are very encouraging and mark an important step forward. Drilling has now shifted west of the historical shaft, a largely underexplored area known to host multiple gold occurrences. As we continue to advance the drill program, we see strong potential for resource expansion in the western portion of the Main sector, which could add significant value to the overall project."
Next Steps in Exploration
Additional drilling is planned to expand gold mineralization at depth in the new 5B3 and 5C3 Zones, which host the same style of mineralization as the Chimo and East Chimo deposits. Further exploration drilling will test several new high-priority regional targets in the Main Sector, supported by detailed structural and geological modeling and VRIFY's artificial intelligence-driven targeting. This approach reinforces the potential for additional gold discoveries and continued resource growth at the Cadillac Project.
