Cartier Resources Lifts Gold Resource at Cadillac Project, Boosting Growth and Flexibility

Cartier Resources ( (TSE:ECR) ) has shared an announcement.

Cartier Resources reported a substantial increase in gold resources at its Cadillac Project, with measured and indicated resources rising 7% to 767,800 ounces and inferred resources jumping 48% to 2,416,900 ounces, underpinned by both open-pit and underground-constrained mineralization. The updated mineral resource estimate, which incorporates extensive historical and recent drilling, enhances project flexibility and de-risking, supported by existing underground infrastructure and a high-grade core sector that hosts most of the resources; combined with a large camp-scale exploration upside and an ongoing 100,000-metre drilling campaign guided by AI-assisted targeting, the project is positioned for continued resource growth and potential value creation for stakeholders.

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. is a Canadian mineral exploration company focused on gold, with its flagship 100%-owned Cadillac Project located in the prolific Val-d’Or mining camp in Quebec’s Abitibi region, a well-established, pro-mining jurisdiction with strong infrastructure and workforce support.

Average Trading Volume: 535,542

Technical Sentiment Signal: Buy

Current Market Cap: C$97.41M

For detailed information about ECR stock, go to TipRanks’ Stock Analysis page.