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Cartier Resources' Gold Recovery Rate at Cadillac Project Increases

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Cartier Resources' (ECR.V) metallurgical results from the Main Sector at its Cadillac project in Quebec reached 96.3% gold recovery, an increase from previous recovery rates, the company said Thursday.

The 96.3% gold recovery rate was higher than 93.1% outlined in a 2023 preliminary economic assessment and 90.6% outlined in historical Chimo mine average production.

The recovery rate exceeded the company's expectations and enhance the economic potential of the Cadillac project, Cartier said.

"Achieving gold recoveries above 96% in the Main Sector highlights the metallurgical characteristics of the Cadillac mineralization and reinforces the project's strong development potential," President and Chief Executive Officer Philippe Cloutier said.

Price: $0.29, Change: $+0.01, Percent Change: +1.75%

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