Cartier Resources is advancing their four key gold projects with an aggressive drill program. Located in the world-class Abitibi Greenstone belt and along with their expert team, Cartier Resources is targeting additional discoveries. Cartier Resources.
Cartier Resources Inc. is an exploration company focused on discovery in the prolific Abitibi Gold Belt in Quebec.
When management talks to analysts and other mining companies about their portfolio of properties, they’re told that Cartier has “four flagship projects”
– four flagship gold projects. That’s not bad for a project generator. The projects are located in the world-famous Abitibi greenstone belt which extends across Ontario and Quebec and includes the prolific Val d’Or Gold Camp. It’s also the backyard for Agnico Eagle Mines Ltd (TSX: AEM). This is why in December 2016 AEM spent $4.5 million to purchase a near-20% interest in Cartier. It is Agnico Eagle’s largest strategic investment in the entire Val d’Or Gold Camp, and in AEM’s eyes it was a bargain: a piece of four flagship projects, in a company with a total market cap of (at the time) approximately $20 million. With Cartier’s market cap still below $30 million, investors continue to have the opportunity to buy in at a bottom-of the-market price.
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