About Cartier Resources Inc.
Founded in 2006, Cartier Resources Inc. is an exploration company based in Val-d’Or, Quebec, Canada. The Company’s projects are located in Quebec, which consistently ranks among the world’s best mining jurisdictions. Cartier is actively advancing the development of its flagship Chimo Mine Project and exploring its other projects. The Company has significant corporate and institutional support, including Agnico Eagle Mines, O3 Mining and provincial investment funds.
Highlights:
Mineral Resources*
The mineralization of the Chimo Mine Gold System consists of 31 gold zones that are part of 20 gold structures, themselves grouped into 3 gold corridors, Figure 1:
- 7,128,000 tonnes at an average grade of 3.14 g/t Au for a total of 720,000 ounces of gold in the Indicated category and;
- 18,475,000 tonnes at an average grade of 2.75 g/t Au for a total of 1,633,000 ounces of gold in the Inferred category.
Positive PEA** for Chimo Mine Project Post-Tax NPV5% of CAD$388M and 20.8% IRR
- Long term gold price of US$1,750/oz, Exchange rate of CAD $1.00 = US$0.77
- Post-tax NPV5%of CAD$388M and IRR of 20.8%
- Post-tax payback period of 2.9 years and mine life of 9.7 years
- Capex of CAD$341M
- Average all-in sustaining cost of US$755/oz
- Average annual production of 116,900 oz
- 4,500 tpd underground operation
Work in progress:
- A 174- drill hole, 28,400-meter drill program is ongoing on the Chimo Mine Project, Figure 2 and 3. The Project comprises the Chimo Mine and East Cadillac properties, the latter of which was acquired on April 7, 2022. Cartier began exploring of this part of the East Cadillac property on January 4, 2024. Both properties are 100% owned by Cartier and strategically located 45 km east of the Val-d’Or mining camp.
- The program focusses on the high-grade gold mineralization found within the Larder Lake – Cadillac Fault Zone and identified via a historic database of over 780 ddh drilled over the last 60 years by various explorers.
- New iteration of Economic Assessment underway with a focus on High-Grade gold resource portion of deposits
