About

Cadillac Mines Corporation is a Canadian exploration and development company focused on advancing a growing portfolio of gold and nickel assets across the Abitibi Greenstone Belt in Ontario and Québec.

The Company’s flagship Kerr-Addison Project is centred around the historic Kerr-Addison Mine in McGarry Township, Ontario, one of Canada’s most prolific past-producing gold mines. Since acquiring the project in 2015, Cadillac Mines has significantly expanded its land position and advanced multiple exploration programs across the district.

In addition to Kerr-Addison, Cadillac Mines is advancing the Geminid nickel sulphide discovery and the Galloway Gold Project while continuing to grow its district-scale presence through strategic acquisitions including the proposed Larder Property acquisition.

The Company is led by an experienced team of mining, exploration and capital markets professionals committed to responsible mineral development and long-term value creation.

Vision, Mission and Values

Vision

Gold Candle Limited is a leading junior gold developer recognized for technical excellence, trusted partnerships and strong returns for shareholders.

Mission

To discover, acquire and advance assets in geologically prospective regions through exploration excellence, responsible development and mining.

Values

People and Safety First

We ensure everyone’s well-being by prioritizing safety and care in every operation and every decision.

Courageous Leadership

We inspire change and drive progress through bold decisions and strong visionary leadership.

Excellence through Innovation

Continuous improvement is achieved through a commitment to business excellence and embracing innovative solutions.

Partnerships and Integrity

Collaboration and ethical conduct build strong partnerships based on honesty and trust.

Sustainable Development

We are committed to practices that ensure a better future for generations to come.

History

In 2015, Gold Candle acquired the Kerr-Addison Property and carried out initial exploration that successfully demonstrated significant gold mineralization remained at the abandoned mine site.

Drill programs conducted in 2017, 2018, 2021, 2022, and 2023 primarily targeted the unmined halo of gold peripheral to the historical underground workings. If one was to draw a line around the area where gold mineralization is found in the periphery of the historical underground workings, it would be like a halo of gold mineralization.

Drilling results have outlined a significant gold deposit and identified areas where there could be additional discoveries on the Property.

Additional infill drilling (which is verifying the continuity of mineralization in an ore deposit between existing holes), and economic, engineering, social and environmental evaluations to determine the economic potential of the deposit are ongoing. Geological and geophysical surveys and drilling are underway on other exploration targets.

The exploration timeline below provides further detail about the exploration activities that took place from 2015 to 2023.

1938–1996

2015

2017–2023

2019–2023

2024

2025

2026

Past Underground Production (1938–1996)

The historic Kerr-Addison underground mine operated for nearly 60 years and produced approximately 11 million ounces of gold at an average grade of 10 g/t Au, establishing itself as one of Canada’s most significant past-producing gold mines.

Acquiring the historic Kerr-Addison Mine and unlocking district-scale potential

Gold Candle acquired the Kerr-Addison Property in 2015, recognizing the opportunity to advance a significant gold project anchored by one of Canada’s most historic past-producing mines. Initial exploration programs confirmed the presence of substantial remaining gold mineralization surrounding the historical underground workings.

Expanding the resource and advancing the project

Multiple drill campaigns focused on expanding gold mineralization adjacent to and beyond the historic Kerr-Addison underground mine successfully outlined a significant gold deposit while identifying additional exploration and growth opportunities across the broader property. Engineering, environmental, geological and geophysical programs also continued in support of future development and evaluation of additional exploration targets.

Increasing value through the drill bit and beyond

Drilling programs focused on resource growth, enhancing project economics and supporting future development scenarios. An updated pit-constrained mineral resource released in 2023 demonstrated increasing grade at depth and successful resource conversion drilling. Engineering and environmental studies also advanced in support of future economic evaluations and development planning.

Growing at depth and advancing regional discoveries

The Company launched a 30,000 metre drill program focused on expanding mineralization at depth and evaluating underground mining potential alongside the open pit scenario. Exploration activities also advanced high-priority targets aimed at resource growth and potential repetitions of the historic Kerr-Addison lenses while expansion drilling continued on regional gold targets and the emerging Geminid nickel sulphide discovery.

A transformational year of growth

An updated Mineral Resource Estimate outlined a multi-million-ounce open pit and underground gold resource while exploration activities expanded through one of the largest drill campaigns in Company history targeting down-dip and along-strike growth opportunities. The Company also advanced near-mine discoveries and regional exploration targets across the broader Abitibi land package while initiating economic studies aimed at evaluating the project’s long-term development potential.

Expanding the Cadillac platform across the Abitibi

The acquisition of Fokus Mining and the Galloway Gold Project significantly expanded the Company’s position along the Cadillac-Larder Lake Break into Québec. The Company also announced the acquisition of Pan American Silver’s Larder Property, further strengthening its district-scale footprint in the Abitibi. Gold Candle officially rebranded to Cadillac Mines Corporation, reflecting the Company’s growing position along the Cadillac-Larder Lake Break and long-term vision for growth across Ontario and Québec.

Executive Team

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