Cartier Reports Significant Gold Resource Growth At Cadillac With 9,953,000 tonnes at a grade of 2.40g/t Au for 767,800 Ounces Measured and Indicated, a 7% Increase and 35,185,000 tonnes at a grade of 2.14g/t Au for 2,416,900 Ounces Inferred, a 48% Increase
Original announcement by tmx on
- Company
- Cartier Resources Inc.
- Ticker
- ECR
- Exchange
- TSX
- Region
- Quebec
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update, Economic study
- Extracted
- 2026-09-19 20:42:54 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Cartier Resources announced a significant update to its Mineral Resource Estimate for the Cadillac Project, reporting a 7% increase in Measured and Indicated gold resources to 767,800 ounces and a 48% increase in Inferred resources to 2,416,900 ounces. The updated estimate, compliant with NI 43-101, highlights the project's growth potential in a top-tier mining jurisdiction. An updated Preliminary Economic Assessment is planned to further assess the project's strategic value.
Reasoning: The document reports a substantial increase in gold resources, particularly in the Inferred category, and a modest increase in M&I resources, indicating significant growth potential for the project. The resource is compliant with NI 43-101 and signed off by qualified persons, adding credibility. The project's location in a favorable jurisdiction with existing infrastructure is also a positive. However, the lack of an updated economic study for the new resource means its economic viability is yet to be formally demonstrated.
Positive factors
- Significant growth in both Measured & Indicated and Inferred gold resources.
- High confidence in the resource estimate with NI 43-101 compliance and QP sign-off.
- Strong M&I percentage (25%) for an updated resource, with a substantial Measured component.
- Project located in a top-tier, pro-mining jurisdiction with existing infrastructure.
Negative factors
- No economic evaluation (PEA/PFS/DFS) has been produced for the updated MRE yet, limiting immediate economic assessment.
- A significant portion of the resource remains in the Inferred category (88%), which cannot be used for economic studies alone.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 12
Classification and evidence
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: A current resource fact retains the disclosed cut-off grade
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The source explicitly discloses a revised resource estimate
Evidence · text
“Updated Mineral Resource Estimate”
Extracted facts
Stored fact records: 12. Some facts used in scoring do not have a stored record.
Resource Estimates (12)
measuredCadillac Project · goldTonnes: 5988000Grade: 2.61Grade Unit: g/tContained Metal: 502600Contained Unit: ozView all detailsHide details
Identity
- Project
- Cadillac Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- ECR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-17T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Pierre Luc Richard, Stephen Coates
- Resource group id
- resource:0fc56e82fb37141a31ec
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 5988000
- Grade
- 2.61
- Grade Unit
- g/t
- Contained Metal
- 502600
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-12-17
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: The Measured resource component is substantial and represents the highest confidence category, contributing significantly to the overall resource.
Positive factors
- High confidence Measured resource component.
- Significant contained gold ounces in the Measured category.
Evidence · table
“5,988,000”
Context: 5,988,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
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
indicatedCadillac Project · goldTonnes: 3965000Grade: 2.08Grade Unit: g/tContained Metal: 265200Contained Unit: ozView all detailsHide details
Identity
- Project
- Cadillac Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- ECR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-17T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Pierre Luc Richard, Stephen Coates
- Resource group id
- resource:d6893cdec9a976628d0e
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 3965000
- Grade
- 2.08
- Grade Unit
- g/t
- Contained Metal
- 265200
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-12-17
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: The Indicated resource provides a reasonable level of confidence for future studies and contributes to the overall scale of the project.
Positive factors
- Significant contained gold ounces in the Indicated category.
- Adds to the overall confidence of the resource.
Evidence · table
“3,965,000”
Context: 3,965,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
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
indicatedCadillac Project · goldTonnes: 9953000Grade: 2.4Grade Unit: g/tContained Metal: 767800Contained Unit: ozView all detailsHide details
Identity
- Project
- Cadillac Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- ECR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-17T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Pierre Luc Richard, Stephen Coates
- Resource group id
- resource:b334e51642d2468f13d3
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 9953000
- Grade
- 2.4
- Grade Unit
- g/t
- Contained Metal
- 767800
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-12-17
- Prior Tonnes
- 9302000
- Prior Grade
- 2.4
- Prior Contained Metal
- 718000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: The 7% increase in Measured & Indicated ounces represents a material growth in the higher confidence categories, de-risking the project.
Positive factors
- Significant contained metal growth (7% increase) in the Measured & Indicated category.
- High confidence resource suitable for economic studies.
Evidence · table
“9,953,000”
Context: 9,953,000
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
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 718000 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
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: 35185000Grade: 2.14Grade Unit: g/tContained Metal: 2416900Contained Unit: ozView all detailsHide details
Identity
- Project
- Cadillac Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- ECR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-17T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Pierre Luc Richard, Stephen Coates
- Resource group id
- resource:79c85c5365b470d31848
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 35185000
- Grade
- 2.14
- Grade Unit
- g/t
- Contained Metal
- 2416900
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-12-17
- Prior Tonnes
- 23774000
- Prior Grade
- 2.14
- Prior Contained Metal
- 1637000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: The nearly 50% increase in Inferred resources represents a very strong growth signal and significant future potential for the project, although these resources require further drilling to upgrade confidence.
Positive factors
- Exceptional growth (48% increase) in Inferred gold resources, indicating significant exploration upside.
- Large contained gold ounces in the Inferred category.
Negative factors
- Inferred resources have a lower level of confidence and cannot be used for economic studies alone.
Evidence · table
“35,185,000”
Context: 35,185,000
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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 35185000 against 23774000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 2416900 against 1637000 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
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
measuredCadillac Project · goldTonnes: 1770000Grade: 2.16Grade Unit: g/tContained Metal: 123300Contained Unit: ozView all detailsHide details
Identity
- Project
- Cadillac Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- ECR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-17T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Pierre Luc Richard, Stephen Coates
- Resource group id
- resource:fce44bc7fc67a23f041f
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1770000
- Grade
- 2.16
- Grade Unit
- g/t
- Contained Metal
- 123300
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-17
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: The open-pit Measured resource adds to the project's flexibility and confidence, supporting potential near-term development.
Positive factors
- Measured resource component for open pit, indicating high confidence.
- Provides near-term optionality for development.
Evidence · table
“1,770,000”
Context: 1,770,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
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
indicatedCadillac Project · goldTonnes: 1730000Grade: 1.52Grade Unit: g/tContained Metal: 84500Contained Unit: ozView all detailsHide details
Identity
- Project
- Cadillac Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- ECR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-17T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Pierre Luc Richard, Stephen Coates
- Resource group id
- resource:d4ecb80a9c9f2521bebf
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1730000
- Grade
- 1.52
- Grade Unit
- g/t
- Contained Metal
- 84500
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-17
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: The open-pit Indicated resource contributes to the overall resource base and provides further development optionality.
Positive factors
- Indicated resource component for open pit, adding to confidence.
Evidence · table
“1,730,000”
Context: 1,730,000
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
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
indicatedCadillac Project · goldTonnes: 3500000Grade: 1.84Grade Unit: g/tContained Metal: 207800Contained Unit: ozView all detailsHide details
Identity
- Project
- Cadillac Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- ECR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-17T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Pierre Luc Richard, Stephen Coates
- Resource group id
- resource:742269c46c43f1581e58
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 3500000
- Grade
- 1.84
- Grade Unit
- g/t
- Contained Metal
- 207800
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-17
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: The pit-constrained M&I resource offers flexibility for project development and contributes to the overall confidence.
Positive factors
- Combined Measured & Indicated open-pit resource provides significant near-term optionality.
Evidence · table
“3,500,000”
Context: 3,500,000
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
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: 4740000Grade: 1.13Grade Unit: g/tContained Metal: 172600Contained Unit: ozView all detailsHide details
Identity
- Project
- Cadillac Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- ECR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-17T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Pierre Luc Richard, Stephen Coates
- Resource group id
- resource:c2a30d30fdd3f3c4592b
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4740000
- Grade
- 1.13
- Grade Unit
- g/t
- Contained Metal
- 172600
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-17
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: The pit-constrained Inferred resource provides additional exploration upside and flexibility for future development scenarios.
Positive factors
- Significant open-pit Inferred resource, adding to future potential.
Negative factors
- Lower confidence category.
Evidence · table
“4,740,000”
Context: 4,740,000
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
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
measuredCadillac Project · goldTonnes: 4210000Grade: 2.8Grade Unit: g/tContained Metal: 379300Contained Unit: ozView all detailsHide details
Identity
- Project
- Cadillac Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- ECR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-17T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Pierre Luc Richard, Stephen Coates
- Resource group id
- resource:d4d435bb3f88b0f68c94
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 4210000
- Grade
- 2.8
- Grade Unit
- g/t
- Contained Metal
- 379300
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-17
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: The underground Measured resource is a high-quality component of the MRE, providing a strong foundation for future development.
Positive factors
- High-grade Measured resource for underground mining, indicating strong confidence.
- Substantial contained gold ounces.
Evidence · table
“4,210,000”
Context: 4,210,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
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
indicatedCadillac Project · goldTonnes: 2240000Grade: 2.51Grade Unit: g/tContained Metal: 180600Contained Unit: ozView all detailsHide details
Identity
- Project
- Cadillac Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- ECR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-17T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Pierre Luc Richard, Stephen Coates
- Resource group id
- resource:eb84d340e94ed7f0c190
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 2240000
- Grade
- 2.51
- Grade Unit
- g/t
- Contained Metal
- 180600
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-17
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: The underground Indicated resource contributes to the overall resource base and supports future underground development scenarios.
Positive factors
- High-grade Indicated resource for underground mining, adding to confidence.
Evidence · table
“2,240,000”
Context: 2,240,000
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
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
indicatedCadillac Project · goldTonnes: 6450000Grade: 2.7Grade Unit: g/tContained Metal: 559900Contained Unit: ozView all detailsHide details
Identity
- Project
- Cadillac Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- ECR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-17T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Pierre Luc Richard, Stephen Coates
- Resource group id
- resource:6a4fdcb36abbdf8f6537
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 6450000
- Grade
- 2.7
- Grade Unit
- g/t
- Contained Metal
- 559900
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-17
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: The substantial underground M&I resource, combined with existing infrastructure, provides a strong basis for future development and reduces capital requirements.
Positive factors
- Large, high-grade Measured & Indicated underground resource, supported by existing infrastructure.
- Significant contained gold ounces.
Evidence · table
“6,450,000”
Context: 6,450,000
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
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: 30450000Grade: 2.29Grade Unit: g/tContained Metal: 2244200Contained Unit: ozView all detailsHide details
Identity
- Project
- Cadillac Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- ECR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-17T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Pierre Luc Richard, Stephen Coates
- Resource group id
- resource:66c6426e4228c8754ea0
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 30450000
- Grade
- 2.29
- Grade Unit
- g/t
- Contained Metal
- 2244200
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-17
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: The significant underground Inferred resource provides substantial exploration upside and scale for the project, supported by existing infrastructure.
Positive factors
- Very large underground Inferred resource, indicating substantial future potential.
- High contained gold ounces.
Negative factors
- Lower confidence category, requiring further drilling for upgrade.
Evidence · table
“30,450,000”
Context: 30,450,000
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
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.