It's a nice blank, and you can certainly try gluing and turning it to see if it turns out ok. However, ERC is very common and not expensive, so I wouldn't put a lot of extra time & effort into it.
FWIW, I drill first to the depth that I need, then cut the blank to length. For slimlines & other two-piece kits, I do it twice. I haven't had a single blank blowout since I quit drilling all the way through a piece of wood.
Possibly (and please correct me if I'm wrong) Eastern Red CedarERC?