Cartier Announces Filing of Updated Mineral Resource Estimate Technical Report for the Cadillac Project

Original announcement by tmx on Jan 28, 2026

Bullish

Company: Cartier Resources Inc.
Ticker: ECR
Exchange: TSX
Region: Val-d’Or, Quebec
Primary commodity: Gold
Secondary commodities: None reported
Document categories: Resource update
Extracted: 2026-08-24 07:14:31 UTC

Minestarters Atlas analysis

Summary

Cartier Resources has filed an updated NI 43-101 compliant Mineral Resource Estimate for the Cadillac Project. The update reports a total gold resource of 35.2 Mt at 2.14 g/t Au, featuring significant growth in Inferred tonnage and a robust underground-constrained resource base.

Reasoning: The update shows significant tonnage growth in both M&I (7%) and Inferred (48%) categories compared to the 2023 PEA, though the resource remains heavily weighted toward the Inferred category.

Positive factors

Tonnage growth in M&I and Inferred categories
High M&I percentage for a large-scale project
QP/CP sign-off provided
NI 43-101 compliance

Negative factors

Large Inferred component (75% of total resource)

Facts used in scoring: 10

Atlas analysis — Cartier Resources Inc.: Cartier Announces Filing of Updated Mineral Resource Estimate Technical Report for the Cadillac Project. measured 1770000 tonnes; indicated 1730000 tonnes; measured & indicated 9953000 tonnes

Classification and evidence

NI 43-101 Compliantpositive

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

Why it applies: The report is explicitly stated to be NI 43-101 compliant.

Evidence · text

“filed the National Instrument 43-101-compliant (" NI 43-101 ")”

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: Multiple Qualified Persons (P.Geo and P.Eng) are named and have approved the content.

Evidence · text

“prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo.”

Inferred Resourcenegative

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

Why it applies: A significant portion (75%) of the total resource is in the Inferred category.

Evidence · text

“35,185,000 tonnes at a grade of 2.14 g/t Au for 2,416,900 ounces Inferred”

Tonnage Growthpositive

Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.

Why it applies: The M&I resource tonnage increased by 7% compared to the 2023 PEA.

Evidence · text

“total gold resources now contains 9,953,000 tonnes... M&I (a 7% increase )”

Contained Metal Growthpositive

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

Why it applies: The Inferred resource tonnage increased by 48% compared to the 2023 PEA.

Evidence · text

“35,185,000 tonnes... Inferred (a 48% increase )”

Extracted facts

Stored fact records: 10. Some facts used in scoring do not have a stored record.

Resource Estimates (10)

measuredgoldTonnes: 1770000Grade: 2.16Grade Unit: g/tContained Metal: 123300Contained Unit: ozView all details

Link to this fact

Identity

Commodity: gold
Ticker: ECR

Resource Data

Category: measured
Tonnes: 1770000
Grade: 2.16
Grade Unit: g/t
Contained Metal: 123300
Contained Unit: oz

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-01-28T00:00:00.000Z

Reasoning: Measured open pit resource component.

Evidence · table

“2.16”

Context: 1,770,000

measuredgoldTonnes: 4210000Grade: 2.8Grade Unit: g/tContained Metal: 379300Contained Unit: ozView all details

Link to this fact

Identity

Commodity: gold
Ticker: ECR

Resource Data

Category: measured
Tonnes: 4210000
Grade: 2.8
Grade Unit: g/t
Contained Metal: 379300
Contained Unit: oz

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-01-28T00:00:00.000Z

Reasoning: Measured underground resource component.

Evidence · table

“2.80”

Context: 4,210,000

indicatedgoldTonnes: 1730000Grade: 1.52Grade Unit: g/tContained Metal: 84500Contained Unit: ozView all details

Link to this fact

Identity

Commodity: gold
Ticker: ECR

Resource Data

Category: indicated
Tonnes: 1730000
Grade: 1.52
Grade Unit: g/t
Contained Metal: 84500
Contained Unit: oz

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-01-28T00:00:00.000Z

Reasoning: Indicated open pit resource component.

Evidence · table

“1.52”

Context: 1,730,000

indicatedgoldTonnes: 2240000Grade: 2.51Grade Unit: g/tContained Metal: 180600Contained Unit: ozView all details

Link to this fact

Identity

Commodity: gold
Ticker: ECR

Resource Data

Category: indicated
Tonnes: 2240000
Grade: 2.51
Grade Unit: g/t
Contained Metal: 180600
Contained Unit: oz

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-01-28T00:00:00.000Z

Reasoning: Indicated underground resource component.

Evidence · table

“2.51”

Context: 2,240,000

measuredgoldTonnes: 5988000Grade: 2.61Grade Unit: g/tContained Metal: 502600Contained Unit: ozView all details

Link to this fact

Identity

Commodity: gold
Ticker: ECR

Resource Data

Category: measured
Tonnes: 5988000
Grade: 2.61
Grade Unit: g/t
Contained Metal: 502600
Contained Unit: oz

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-01-28T00:00:00.000Z

Reasoning: Total Measured resource component.

Evidence · table

“2.61”

Context: 5,988,000

indicatedgoldTonnes: 3965000Grade: 2.08Grade Unit: g/tContained Metal: 265200Contained Unit: ozView all details

Link to this fact

Identity

Commodity: gold
Ticker: ECR

Resource Data

Category: indicated
Tonnes: 3965000
Grade: 2.08
Grade Unit: g/t
Contained Metal: 265200
Contained Unit: oz

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-01-28T00:00:00.000Z

Reasoning: Total Indicated resource component.

Evidence · table

“2.08”

Context: 3,965,000

measured & indicatedgoldTonnes: 9953000Grade: 2.4Grade Unit: g/tContained Metal: 767800Contained Unit: ozView all details

Link to this fact

Identity

Commodity: gold
Ticker: ECR

Resource Data

Category: measured & indicated
Tonnes: 9953000
Grade: 2.4
Grade Unit: g/t
Contained Metal: 767800
Contained Unit: oz

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-01-28T00:00:00.000Z

Reasoning: Combined M&I resource component.

Positive factors

7% increase in M&I tonnes vs 2023 PEA

Evidence · table

“2.40”

Context: 9,953,000

inferredgoldTonnes: 35185000Grade: 2.14Grade Unit: g/tContained Metal: 2416900Contained Unit: ozView all details

Link to this fact

Identity

Commodity: gold
Ticker: ECR

Resource Data

Category: inferred
Tonnes: 35185000
Grade: 2.14
Grade Unit: g/t
Contained Metal: 2416900
Contained Unit: oz

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-01-28T00:00:00.000Z

Reasoning: Total Inferred resource component.

Positive factors

48% increase in Inferred tonnes vs 2023 PEA

Negative factors

High proportion of Inferred resource

Evidence · table

“2.14”

Context: 35,185,000

inferredgoldTonnes: 4740000Grade: 1.13Grade Unit: g/tContained Metal: 172600Contained Unit: ozView all details

Link to this fact

Identity

Commodity: gold
Ticker: ECR

Resource Data

Category: inferred
Tonnes: 4740000
Grade: 1.13
Grade Unit: g/t
Contained Metal: 172600
Contained Unit: oz

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-01-28T00:00:00.000Z

Reasoning: Inferred open pit resource component.

Evidence · table

“1.13”

Context: 4,740,000

inferredgoldTonnes: 30450000Grade: 2.29Grade Unit: g/tContained Metal: 2244200Contained Unit: ozView all details

Link to this fact

Identity

Commodity: gold
Ticker: ECR

Resource Data

Category: inferred
Tonnes: 30450000
Grade: 2.29
Grade Unit: g/t
Contained Metal: 2244200
Contained Unit: oz

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-01-28T00:00:00.000Z

Reasoning: Inferred underground resource component.

Evidence · table

“2.29”

Context: 30,450,000

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.