Located just 45 km east of the prolific Val-d’Or mining camp, the Cadillac Project is a 100% owned asset of Cartier Resources. Strategically positioned along a 15 km stretch of the highly prospective Larder Lake–Cadillac Fault Zone, the project is advancing toward development with a strong resource base, robust economics, and cutting-edge exploration tools.
Highlights
- 100% Ownership: Cartier owns the entire project, situated in one of Canada’s most productive gold belts.
- District-Scale Land Package: Covers 15 km of the Larder Lake–Cadillac Fault Zone, with 75% of the favorable gold-bearing structures acquired in 2022 and recently explored.
- Significant Gold Resource:
- 720,000 oz Au in the Indicated category
- 1,633,000 oz Au in the Inferred category
- Hosted within 19 gold-bearing structures, including a past-producing mine at the center of the property.
Robust Economic Fundamentals
A 2023 Preliminary Economic Assessment (PEA), using a gold price of US$1,750/oz and a CAD/USD exchange rate of 0.77, reported:
- Post-Tax NPV5%: CAD$388 million
- IRR: 20.8%
2025–2027 Drill Program
Cartier will undertake an aggressive 100,000 metre drill campaign over the next three years:
- 75% of drilling to extend known zones and test isolated high-grade intercepts
- 25% allocated to testing new targets generated by advanced structural interpretation and AI tools
AI-Enhanced Exploration
The Company has implemented VRIFY’s AI-Assisted Mineral Discovery Platform (DORA) to process geological, geochemical, and geophysical datasets across the entire property. This generated a VRIFY Prospectivity Score (VPS)—a probabilistic model that is guiding exploration priorities and optimizing drill targeting across the land package.
Project Details
The Project is comprised of the Chimo Mine and East Cadillac properties, the latter of which was acquired on April 7, 2022.
Status
- Positive PEA completed May 26th 2023
- Exploration drilling to delineate extensions of several gold zones of the property and explore the potential to discover new gold zones
Commodity
Au
Location
- 50 km SE of Val-d’Or, Qc
- NTS map sheet 32C03
- Vauquelin Township
- Latitude: 48°00’42’’ N (5 320 038 UTM N)
- Longitude: 77°15’10’’ W (331 995 UTM E)
Mining Titles
- The Chimo Mine property consists of 12 contiguous claims covering an area of 334.44 hectares.
- The East Cadillac property consists of 537 contiguous claims covering an area of 26,315.98 hectares.
Property rights
- The properties are held 100% by Cartier Resources Inc.
Royalties
- Various royalties (NSR and GMR) applicable to certain mining titles of the property.
