Core Insights - Cartier Resources Inc. is focused on gold exploration and development in Canada, particularly advancing its Cadillac Project to enhance shareholder value [1][8] 2025 Accomplishments - The Cadillac Project saw significant advancements in geological understanding and growth potential, with the first 20,000 meters of drilling yielding strong results, particularly in the North Contact Zone, which returned multiple high-grade gold intersections [4] - The company achieved a significant gold resource growth, reporting 9,953,000 tonnes at a grade of 2.40 g/t Au for 767,800 ounces Measured and Indicated, 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 [5] - A major 100,000-meter diamond drill program was launched, aimed at demonstrating the Cadillac Project's potential to host an emerging mining camp, with drilling on schedule and on budget [5] Strategic Developments - The company initiated a restructuring of its management team to position itself for the next phase of growth and secured significant funding to support its plans [5] - Cartier optioned three properties to Exploits Discovery Corp., allowing Exploits to earn a 100% interest by paying CAD 1,750,000 in cash, issuing 9,250,000 common shares, and incurring at least CAD 12,250,000 in expenditures [5] - The company is testing a suite of highly prospective artificial intelligence targets to enhance its exploration strategy [5] Future Outlook for 2026 - 2026 is expected to be an active year for Cartier, with plans to advance the Cadillac Project toward its next development stage [3] - The company anticipates delivering metallurgy and environmental baseline studies in Q2 and Q3 of 2026, which will provide essential data for upcoming engineering decisions [5] - The company aims to run new iterations and model simulations on updated resources with strengthened gold prices for the next scoping study [5]
Cartier Builds on 2025 Success to Drive 2026 Growth
Globenewswire·2026-01-13 12:30