Cartier Discovers Multiple Shallow High-Grade Gold Zones at Cadillac; Cuts 54.6 g/t Au over 1.0 m and 4.4 g/t Au over 6.0 m; Extends North Contact Zone 500 Meters East on Strike

Original announcement by tmx on

Company
Cartier Resources Inc.
Ticker
ECR
Exchange
TSX
Region
Quebec
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Drill results, Resource update, Other
Extracted
2026-09-19 20:34:18 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Cartier Resources Inc. announced high-grade gold drill results from its Cadillac Project in Quebec, including 54.6 g/t Au over 1.0 m and 4.4 g/t Au over 6.0 m. These results extend the North Contact Zone by 500 meters along strike at shallow depths, demonstrating geological continuity and potential for resource expansion. The company also highlighted its existing gold resource of 767,800 ounces Measured and Indicated, and 2,416,900 ounces Inferred.

Reasoning: The document reports exceptional high-grade gold drill results, including 54.6 g/t Au over 1.0 m, which significantly extend the North Contact Zone by 500 meters along strike at shallow depths. This indicates strong geological continuity and potential for resource expansion, supported by robust QA/QC protocols, although true widths are estimated.

Positive factors

  • High-grade gold intercepts, including 54.6 g/t Au over 1.0 m and 4.4 g/t Au over 6.0 m.
  • Significant extension of the North Contact Zone by 500 meters along strike.
  • Shallow mineralization (approx. 25-190m vertical depth) supporting potential for shallow development.
  • Confirmation of geological continuity and expansion potential.
  • Excellent infrastructure and road access for the project.
  • QA/QC program disclosed with certified labs and QP sign-off.

Negative factors

  • True thickness is an estimate (50-75% of core length), not precisely stated for each intercept.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 13

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Hole CA25-559 intersected 54.6 g/t Au over 1.0 m, which is exceptionally high-grade for gold.

Evidence · text

“CA25-559 intersected 54.6 g/t Au over 1.0 m”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: Holes CA25-557, 558 and 559 discovered high-grade gold zones 500 metres along eastern strike extension of the NC1 and NC3 gold zones.

Evidence · text

“Holes CA25-557, 558 and 559 discovered high-grade gold zones 500 metres along eastern strike extension of the NC1 and NC3 gold zones”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release details a QA/QC program including blank samples, certified reference materials, and accredited laboratories (MSALABS, Actlabs) with internal QA/QC protocols.

Evidence · text

“As part of Quality Assurance and Quality Control (QA/QC) program, Cartier inserts blank samples and certified reference materials (standards) at regular intervals into the sample stream prior to shipment to monitor laboratory performance and analytical accuracy.”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The scientific and technical content 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 NI 43-101.

Evidence · text

“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”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thicknesses are estimated to represent approximately 50-75 % of the reported core length intervals, indicating that the reported lengths are downhole and not true widths.

Evidence · text

“Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 50-75 % of the reported core length intervals.”

Inferred Heavy Feednegative · Story-specific tag

Material Inferred share of LOM mill feed, or the share is undisclosed.

Why it applies: The Cadillac property contains total gold resource of 767,800 ounces in the measured and indicated category and 2,416,900 ounces in the inferred category, indicating a significant inferred component.

Evidence · text

“The Cadillac property contains total gold resource of 767,800 ounces in the measured and indicated category (10.0 Mt at 2.4 g/t Au) and 2,416,900 ounces in the inferred category (35.2 Mt at 2.1 g/t Au) across all the sectors.”

Extracted facts

Stored fact records: 11. Some facts used in scoring do not have a stored record.

Drill Results (9)

CA25-547Cadillac · goldGrade: 1.2Grade Unit: g/tIntercept: 13.2 mView all details
Link to this fact

Identity

Hole ID
CA25-547
Project
Cadillac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
ECR

Geometry

Grade
1.2
Grade Unit
g/t
Intercept
13.2 m
From
105.8 m
To
119 m
Hole Depth
162 m
Intercept Depth
105.8 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
CA25-547:105.8-119
Mining Method
open_pit

Location

Location
NC3
Easting
335648
Northing
5320072
Elevation
361 m
Azimuth
155 °
Dip
-67 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS and Activation Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: This intercept of 1.2 g/t Au over 13.2 m is a good result for gold, confirming the extension of the NCZ to surface at shallow depth, contributing to resource expansion potential. QA/QC is disclosed, but true width is estimated.

Positive factors

  • Good intercept length at shallow depth.
  • Confirms NCZ extends to surface and remains open at depth.
  • QA/QC disclosed and QP signed.

Negative factors

  • True thickness is an estimate (50-75% of core length).

Evidence · table

“1.2”

Context: 13.2

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA25-552Cadillac · goldGrade: 1Grade Unit: g/tIntercept: 10.5 mView all details
Link to this fact

Identity

Hole ID
CA25-552
Project
Cadillac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
ECR

Geometry

Grade
1
Grade Unit
g/t
Intercept
10.5 m
From
77.5 m
To
88 m
Hole Depth
120 m
Intercept Depth
77.5 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
CA25-552:77.5-88
Mining Method
open_pit

Location

Location
NC3
Easting
335719
Northing
5320054
Elevation
359 m
Azimuth
221 °
Dip
-45 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS and Activation Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: This intercept of 1.0 g/t Au over 10.5 m is a good result for gold, confirming the extension of the NCZ to surface at shallow depth, contributing to resource expansion potential. QA/QC is disclosed, but true width is estimated.

Positive factors

  • Good intercept length at shallow depth.
  • Confirms NCZ extends to surface and remains open at depth.
  • QA/QC disclosed and QP signed.

Negative factors

  • True thickness is an estimate (50-75% of core length).

Evidence · table

“1.0”

Context: 10.5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA25-554Cadillac · goldGrade: 1.5Grade Unit: g/tIntercept: 15.5 mView all details
Link to this fact

Identity

Hole ID
CA25-554
Project
Cadillac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
ECR

Geometry

Grade
1.5
Grade Unit
g/t
Intercept
15.5 m
From
100.5 m
To
116 m
Hole Depth
145 m
Intercept Depth
100.5 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
CA25-554:100.5-116
Mining Method
open_pit

Location

Location
NC3
Easting
335719
Northing
5320054
Elevation
359 m
Azimuth
181 °
Dip
-76 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS and Activation Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: This intercept of 1.5 g/t Au over 15.5 m is a good result for gold, confirming the extension of the NCZ to surface at shallow depth, contributing to resource expansion potential. QA/QC is disclosed, but true width is estimated.

Positive factors

  • Good intercept length at shallow depth.
  • Confirms NCZ extends to surface and remains open at depth.
  • QA/QC disclosed and QP signed.

Negative factors

  • True thickness is an estimate (50-75% of core length).

Evidence · table

“1.5”

Context: 15.5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA25-557Cadillac · goldGrade: 7.5Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
CA25-557
Project
Cadillac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
ECR

Geometry

Grade
7.5
Grade Unit
g/t
Intercept
0.5 m
From
105.1 m
To
105.6 m
Hole Depth
177 m
Intercept Depth
105.1 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
CA25-557:105.1-105.6
Mining Method
open_pit

Location

Location
NC3
Easting
336287
Northing
5319982
Elevation
362 m
Azimuth
222 °
Dip
-58 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS and Activation Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: This high-grade intercept of 7.5 g/t Au over 0.5 m, despite its narrow width, is significant as it contributes to the discovery of new high-grade zones 500m along strike, expanding the mineralized system. QA/QC is disclosed, but true width is estimated.

Positive factors

  • High-grade gold intercept.
  • Discovered new high-grade zone 500m along strike.
  • QA/QC disclosed and QP signed.

Negative factors

  • Narrow intercept length.
  • True thickness is an estimate (50-75% of core length).

Evidence · table

“7.5*”

Context: 0.5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA25-558Cadillac · goldGrade: 4.4Grade Unit: g/tIntercept: 6 mView all details
Link to this fact

Identity

Hole ID
CA25-558
Project
Cadillac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
ECR

Geometry

Grade
4.4
Grade Unit
g/t
Intercept
6 m
From
188 m
To
194 m
Hole Depth
261 m
Intercept Depth
188 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
CA25-558:188-194
Mining Method
open_pit

Location

Location
NC3
Easting
336287
Northing
5319982
Elevation
362 m
Azimuth
156 °
Dip
-83 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS and Activation Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: This intercept of 4.4 g/t Au over 6.0 m is a strong result, contributing to the discovery of new high-grade zones 500m along strike, significantly expanding the mineralized system. QA/QC is disclosed, but true width is estimated.

Positive factors

  • Strong gold grade over a good intercept length.
  • Discovered new high-grade zone 500m along strike.
  • QA/QC disclosed and QP signed.

Negative factors

  • True thickness is an estimate (50-75% of core length).

Evidence · table

“4.4”

Context: 6.0

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA25-558Cadillac · goldGrade: 23.2Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
CA25-558
Project
Cadillac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
ECR

Geometry

Grade
23.2
Grade Unit
g/t
Intercept
1 m
From
193 m
To
194 m
Hole Depth
261 m
Intercept Depth
193 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
CA25-558:193-194
Mining Method
open_pit

Location

Location
NC3
Easting
336287
Northing
5319982
Elevation
362 m
Azimuth
156 °
Dip
-83 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS and Activation Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: This exceptional high-grade intercept of 23.2 g/t Au over 1.0 m is a very strong result, contributing to the discovery of new high-grade zones 500m along strike, significantly expanding the mineralized system. QA/QC is disclosed, but true width is estimated.

Positive factors

  • Exceptional high-grade gold intercept.
  • Discovered new high-grade zone 500m along strike.
  • QA/QC disclosed and QP signed.

Negative factors

  • Narrow intercept length.
  • True thickness is an estimate (50-75% of core length).

Evidence · table

“23.2”

Context: 1.0

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA25-559Cadillac · goldGrade: 54.6Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
CA25-559
Project
Cadillac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
ECR

Geometry

Grade
54.6
Grade Unit
g/t
Intercept
1 m
From
128.5 m
To
129.5 m
Hole Depth
240 m
Intercept Depth
128.5 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
CA25-559:128.5-129.5
Mining Method
open_pit

Location

Location
NC1
Easting
336365
Northing
5320013
Elevation
363 m
Azimuth
174 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS and Activation Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: This bonanza-grade intercept of 54.6 g/t Au over 1.0 m is an exceptional result, contributing to the discovery of new high-grade zones 500m along strike, significantly expanding the mineralized system. QA/QC is disclosed, but true width is estimated.

Positive factors

  • Exceptional bonanza-grade gold intercept.
  • Discovered new high-grade zone 500m along strike.
  • QA/QC disclosed and QP signed.

Negative factors

  • Narrow intercept length.
  • True thickness is an estimate (50-75% of core length).

Evidence · table

“54.6*”

Context: 1.0

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA25-559Cadillac · goldGrade: 24.1Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
CA25-559
Project
Cadillac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
ECR

Geometry

Grade
24.1
Grade Unit
g/t
Intercept
0.5 m
From
128.5 m
To
129 m
Hole Depth
240 m
Intercept Depth
128.5 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
CA25-559:128.5-129
Mining Method
open_pit

Location

Location
NC1
Easting
336365
Northing
5320013
Elevation
363 m
Azimuth
174 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS and Activation Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: This exceptional high-grade intercept of 24.1 g/t Au over 0.5 m is a very strong result, contributing to the discovery of new high-grade zones 500m along strike, significantly expanding the mineralized system. QA/QC is disclosed, but true width is estimated.

Positive factors

  • Exceptional high-grade gold intercept.
  • Discovered new high-grade zone 500m along strike.
  • QA/QC disclosed and QP signed.

Negative factors

  • Narrow intercept length.
  • True thickness is an estimate (50-75% of core length).

Evidence · table

“24.1*”

Context: 0.5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA25-559Cadillac · goldGrade: 85.1Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
CA25-559
Project
Cadillac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
ECR

Geometry

Grade
85.1
Grade Unit
g/t
Intercept
0.5 m
From
129 m
To
129.5 m
Hole Depth
240 m
Intercept Depth
129 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
CA25-559:129-129.5
Mining Method
open_pit

Location

Location
NC1
Easting
336365
Northing
5320013
Elevation
363 m
Azimuth
174 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS and Activation Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: This bonanza-grade intercept of 85.1 g/t Au over 0.5 m is an exceptional result, contributing to the discovery of new high-grade zones 500m along strike, significantly expanding the mineralized system. QA/QC is disclosed, but true width is estimated.

Positive factors

  • Exceptional bonanza-grade gold intercept.
  • Discovered new high-grade zone 500m along strike.
  • QA/QC disclosed and QP signed.

Negative factors

  • Narrow intercept length.
  • True thickness is an estimate (50-75% of core length).

Evidence · table

“85.1*”

Context: 0.5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Resource Estimates (2)

indicatedCadillac Project · goldTonnes: 10000000Grade: 2.4Grade Unit: g/tContained Metal: 767800Contained Unit: ozView all details
Link to this fact

Identity

Project
Cadillac Project
Commodity
gold
Region
canada_qc
Reported Region
Quebec
Ticker
ECR

Resource scope

Estimate type
resource
Effective date
2026-01-27T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pierre-Luc Richard, Stephen Coates, Florent Baril
Resource group id
resource:5142783c24f2b4d312eb
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10000000
Grade
2.4
Grade Unit
g/t
Contained Metal
767800
Contained Unit
oz

Prior Estimate

Resource Date
2026-01-27
Prior Tonnes
5988000
Prior Grade
2.61
Prior Contained Metal
502600

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: The indicated resource of 10.0 Mt at 2.4 g/t Au for 767,800 oz Au is a substantial base, compliant with NI 43-101 and signed off by QPs. However, the grade has declined compared to the prior Measured resource, and the cut-off grade is not disclosed, which impacts comparability.

Positive factors

  • Significant Measured and Indicated resource base.
  • QP signed off on the estimate.
  • NI 43-101 compliant.

Negative factors

  • Grade decline compared to prior Measured resource (2.61 g/t to 2.4 g/t).
  • Cut-off grade not disclosed.

Evidence · text

“The Cadillac property contains total gold resource of 767,800 ounces in the measured and indicated category (10.0 Mt at 2.4 g/t Au)”

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: 10000000 against 5988000 previously

Grade Declinenegative

Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 2.4 against 2.61 previously

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 767800 against 502600 previously

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredCadillac Project · goldTonnes: 35200000Grade: 2.1Grade Unit: g/tContained Metal: 2416900Contained Unit: ozView all details
Link to this fact

Identity

Project
Cadillac Project
Commodity
gold
Region
canada_qc
Reported Region
Quebec
Ticker
ECR

Resource scope

Estimate type
resource
Effective date
2026-01-27T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pierre-Luc Richard, Stephen Coates, Florent Baril
Resource group id
resource:f43997d9e0c3216374cd
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
35200000
Grade
2.1
Grade Unit
g/t
Contained Metal
2416900
Contained Unit
oz

Prior Estimate

Resource Date
2026-01-27
Prior Tonnes
35185000
Prior Grade
2.14
Prior Contained Metal
2416900

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: The large Inferred resource of 35.2 Mt at 2.1 g/t Au for 2,416,900 oz Au provides significant exploration upside, compliant with NI 43-101 and signed off by QPs. However, its speculative nature and a slight grade decline compared to the prior estimate, coupled with an undisclosed cut-off grade, reduce confidence.

Positive factors

  • Large Inferred resource base.
  • QP signed off on the estimate.
  • NI 43-101 compliant.

Negative factors

  • Inferred category is speculative and cannot support economic studies alone.
  • Grade decline compared to prior Inferred resource (2.14 g/t to 2.1 g/t).
  • Cut-off grade not disclosed.

Evidence · text

“2,416,900 ounces in the inferred category (35.2 Mt at 2.1 g/t Au)”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Dilutive Growthnegative

Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.

Why it applies: tonnage rose while contained metal went 2416900 from 2416900

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.