Cartier Resources (TSXV:ECR) - Quebec Gold Explorer Starts Massive 18-Month Drilling Campaign

Jun 4, 2025

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Interview with Philippe Cloutier, President & CEO of Cartier Resources Inc.

Our previous interview: https://www.cruxinvestor.com/posts/cartier-resources-tsxvecr-unlocking-15km-gold-corridor-in-quebec-4682

Recording date: 3rd June 2025

Cartier Resources (TSXV:ECR) has emerged as a compelling Quebec gold exploration opportunity following a strategic transformation that has positioned the company for what management believes could be a breakthrough 18-month period. Led by President and CEO Philippe Cloutier, the junior explorer has evolved from a multi-asset company into a focused, well-funded operation with a singular mission: proving the existence of a new gold mining camp.

The company's flagship Cadillac project spans a 20-kilometer stretch along the highly prospective Cadillac fault, a geological structure that has historically produced over 100 million ounces of gold. Located just 30 minutes from Val-d'Or, the project places Cartier among established operations from major producers including Agnico Eagle and Eldorado, providing validation of the district's geological potential.

Perhaps most significantly, Cartier has secured Agnico Eagle as a 27% shareholder, creating a strategic partnership that provides technical expertise while maintaining operational independence. "They have three mills to feed," Cloutier noted, highlighting natural synergies that could emerge from successful exploration. The partnership offers Cartier access to world-class guidance while providing Agnico Eagle exposure to potential discoveries in their operating district.

The centerpiece of Cartier's strategy is an ambitious 100,000-meter diamond drilling program launching in August 2025. This 18-month campaign represents almost as much drilling as the company completed over the past decade, utilizing artificial intelligence-generated targets alongside traditional exploration methods. The program aims to expand the company's existing 2.3 million ounce resource estimate while establishing the "center of gravity" of the gold camp.

With $12 million in funding providing full coverage for the drilling program, Cartier enters this critical phase well-positioned to execute its comprehensive exploration strategy. The company exemplifies the current disconnect between junior exploration fundamentals and market valuations, potentially creating opportunities for investors willing to participate in systematic camp-scale discovery efforts in one of Canada's premier mining jurisdictions.

View Cartier Resources' company profile: https://www.cruxinvestor.com/companies/cartier-resources-inc