Cartier Starts Metallurgical Testwork Program at Cadillac

Core Viewpoint - Cartier Resources Inc. has initiated a comprehensive metallurgical sampling and testwork program for its Cadillac Project, aimed at optimizing processing methods and enhancing project economics [1][2]. Group 1: Program Objectives - The metallurgical program is a critical milestone for de-risking the Cadillac Project, focusing on understanding mineralized material responses to processing methods to define an efficient and cost-effective flowsheet [2]. - The program aims to reduce capital and operating costs while improving the environmental footprint, ultimately enhancing shareholder value [2]. - The initiative follows the launch of baseline environmental studies and aims to generate updated, high-quality data reflecting current standards [3]. Group 2: Historical Context - Historical production from the Chimo mine processed approximately 2.4 million tonnes of mineralized material from 1966 to 1997, with an average recovery rate of 90.6% for contained gold [4]. - The first two operators achieved higher extraction rates of around 94%, while the last operator, Cambior, saw a drop to 89% [4]. Group 3: Methodology of Testwork - The testwork will utilize NQ-size half-drill core intervals to represent the mineralization and average head grade, generating six composites totaling 300 kg from three deposits [6]. - Composites will undergo cyanidation tests at different grind sizes, followed by gravimetric concentration separation and cyanide destruction tests [7]. Group 4: Expected Outcomes - The program aims to define expected gold recovery rates and improve upon historical results from the Chimo deposit, while establishing recovery data for the East Chimo and West Nordeau deposits [9]. - It will support the development of an integrated process flowsheet and provide critical data for future trade-off studies [9]. Group 5: Company Overview - Cartier Resources Inc. is focused on gold exploration and development in Quebec, with a strategy to unlock the potential of its Cadillac Project, which covers 14,000 hectares along the Cadillac Fault [12][14]. - The Cadillac Project integrates the historic Chimo Mine and East Cadillac projects, positioning the company for rapid advancement and value creation [12].