Cartier Resources Launches Largest-Ever Drilling Program at Cadillac Project

An update from Cartier Resources ( (TSE:ECR) ) is now available.

Cartier Resources Inc. has awarded all contracts for its largest-ever diamond drilling program at the Cadillac Project, aiming to explore the district-scale gold potential along the Cadillac Fault corridor. This 18-month, 100,000-metre drilling campaign, supported by two rigs, is set to commence in August 2025 and will focus on expanding known gold zones and testing new targets. The project is fully funded with over $11 million in cash, and Cartier is in a strong position to enhance its gold inventory. The company has also optioned three other gold projects to concentrate resources on the Cadillac Project’s development.

Spark’s Take on TSE:ECR Stock

According to Spark, TipRanks’ AI Analyst, TSE:ECR is a Underperform.

Cartier Resources faces substantial financial difficulties, with no revenue or profitability, which severely impacts its stock score. While technical indicators and recent corporate events show some promise, particularly in exploration efforts, the overall financial health remains a significant concern, limiting the stock’s attractiveness.

To see Spark’s full report on TSE:ECR stock, click here.

More about Cartier Resources

Cartier Resources Inc., founded in 2006, is an advanced gold project exploration company based in Val-d’Or, Quebec, Canada. The company owns 100% of its flagship Cadillac asset and controls a significant land package of 25,000 hectares. Cartier focuses on unlocking the high-grade gold potential of its projects, particularly the Cadillac Project, which is strategically located near existing gold mills with available capacity.

Average Trading Volume: 199,686

Technical Sentiment Signal: Buy

Current Market Cap: C$52.96M

For an in-depth examination of ECR stock, go to TipRanks’ Overview page.