Cartier Resources: Adding gold ounces


It is always a pleasure to speak with Philippe Cloutier, CEO of Cartier Resources (ECR.V). ECR is embarked on a 100,000-meter drilling program at its Cadillac property on the Abitibi gold belt in Quebec.


It is always a pleasure to speak with Philippe Cloutier, CEO of Cartier Resources (ECR.V). ECR is embarked on a 100,000-meter drilling program at its Cadillac property on the Abitibi gold belt in Quebec.

It is very unusual to interview a company executive twice in a month, but Farhad Abasov’s Millennial Potash (MLP.V) has put out a revised Mineral Resource Estimate for it Banio Potash project in Gabon which has completely changed the scope of the project. Headline numbers,

Since September 23rd, Cartier Resources (ECR.V) has put out a news release every two weeks with good to excellent gold results from its 100,000-meter drill program at its Cadillac project in the Abitibi. I asked CEO Philippe Cloutier if the company can keep up this cadence.

I’ve been talking to Farhad Abasov since he was running Allana Potash, which was sold in 2015. Abasov and his team have a solid record discovering, exploring and developing large mineral assets. Abasov’s Millennial Lithium was sold in 2022. His latest company, Millennial Potash (MLP.V), is defining a very large potash deposit, Banio, on the southern coast of Gabon.

The opportunity to interview Bayhorse (BHS.V) CEO, Graeme O’Neill popped up. Yes, I just wrote about BHS, but chatting with the man himself was irresistible.

Cartier Resources (ECR.V) released the results of the first two holes of its planned 600-hole, 100,000-meter drilling program at its Cadillac project in Quebec. The results were good, with a headline grade of “16.7 g/t Au over 2.1 m”. Just as CEO Philippe Cloutier very much expected them to be. With gold at $3700 an ounce, the market is paying attention.

It is always a pleasure to speak with Tom Larsen, CEO of Eloro Resources (ELO.T). Even if it means reading a long and very technical press release. A release which, boiled down to essentials said that the company drilled five definition holes at its Iska Iska property in Bolivia and hit higher grade tin or silver or both mineralization in every one of them. And there are more holes to report.


I spoke to Cartier Resources (ECR.V) CEO Philippe Cloutier in early December of 2024. He had big plans for the Cadillac Project which included the Chimo mine and 15 kilometers of recently acquired and ground running along the Larder Lake/Cadillac fault in East Val D‘Or. How big were the plans? 500 diamond drill holes Big and aimed at testing ten target zones. Cloutier saw the project as a full-on emerging gold mining camp. All he needed was 10 million dollars.

Speaking with Tom Larsen, CEO of Eloro Resources, (ELO.T) is always a pleasure. Larsen is delighted with the tin holes ELO reported in press releases on January 23 and February 20, 2025, with more to come. These releases reported high grade tin mineralization in Eloro’s tin domain at its Iska Iska project in Bolivia.

Philippe Cloutier, CEO of Cartier Resources (ECR.V) was already sitting on an indicated and inferred gold resource of just under 3 million ounces at and near the Chimo mine in Quebec. But he was pretty certain the geology surrounding the former past producing mine property is part of a gold trend along the prolific Larder Lake – Cadillac Fault Zone. Cartier acquired land adjacent to the Chimo Mine property in 2022, identified over 50 Potential Gold Intersections Over 15 Favorable Kilometers based on historical drilling over the previous 60 years by over a dozen operators and has been drilling for the last year.