Cartier Awards All Contracts of Largest-Ever Drill Program on Cadillac

Core Insights - Cartier Resources Inc. has initiated a fully funded 100,000-metre diamond drilling program at its Cadillac Project, marking the largest campaign in the project's history and aiming to explore high-grade gold potential along the Cadillac Fault corridor [1][2] Company Overview - Cartier Resources Inc. is an advanced gold project exploration company based in Val-d'Or, Quebec, founded in 2006. The company owns 100% of its flagship Cadillac asset and controls a significant land package of 25,000 hectares [5] Drilling Program Details - The 100,000-metre diamond drilling program will consist of approximately 600 drill holes, supported by two drill rigs, focusing on expanding known gold zones and testing new high-priority grassroots targets [2] - The program is expected to launch in late August 2025, with the permitting process currently underway [2] Financial Position - The company has over $11 million in cash, no debt, and full ownership of the entire 15 km gold-bearing strike, positioning it strongly for aggressive exploration and growth of its high-grade gold inventory [3] Recent Developments - Cartier has optioned three gold projects (Benoist, Fenton, and Wilson) to Exploits Discovery Corp., allowing the company to concentrate its resources on the Cadillac Project's development [3] Economic Viability - A recent Preliminary Economic Assessment (PEA) indicates the economic viability of the Cadillac Project, projecting an average annual gold production of 116,900 ounces over a mine life of 9.7 years [6] - The current Mineral Resource Estimate (MRE) includes 7,128,000 tonnes at an average grade of 3.14 g/t Au for a total of 720,000 ounces in the Indicated category, and 18,475,000 tonnes at an average grade of 2.75 g/t Au for a total of 1,633,000 ounces in the Inferred category [6]