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VAL-D’OR, Quebec, Dec. 03, 2024 (GLOBE NEWSWIRE) -- – Cartier Resources Inc. ("Cartier" or the "Company") (TSXV: ECR, FSE: 6CA) reports multiple high-grade gold results from the 28,000-m drilling program (162 drill holes) at its 100% - owned East Cadillac property. The latter is located 45 km east of the Val-d’Or mining camp.

These results follow-up on the significant VG10 intercepts previously announced on August 27, 2024, where drilling returned 142.2 g/t Au over 0.5 m and 137.4 g/t Au over 0.5 m (FIGURE 1).

Highlights:

VG10 Zone

• Successful definition and expansion of a high-grade gold ore shoot that is approximately 50 m wide by 175 m along plunge (FIGURE 2) and remains open at depth:
  

  • 173.6 g/t Au over 0.5 m with 40 clusters of visible gold;
    

  • 12.8 g/t Au over 0.5 m with 2 clusters of visible gold;

  • 9.7 g/t Au over 0.5 m with 5 clusters of visible gold.

VG9 Zone

• Discovery near surface of a new high-grade gold intersection (250 m to the west of VG10; FIGURE 2):
  

  • 11.7 g/t Au over 4.0 m including 46.0 g/t Au over 0.5 m with 10 clusters of visible gold;
    

  • 7.5 g/t Au over 0.6 m with 2 clusters of visible gold.

VG10 South Zone

• Confirmation of exploration potential on a new high-grade gold structure (50 m to the south of VG10):
  

  • 20.7 g/t Au over 1.0 m;
    

  • 5.7 g/t Au over 1.0 m.

The new 5 high-grade gold zones discovered over 8 km, the 12-km Larder Lake - Cadillac Fault zones remaining largely untested, the current NI 43-101 mineral resource estimate, the PEA and the strong gold price environment offer investors an attractive investment opportunity. Furthermore, planning of a 100,000 m drill program is currently underway to pursue exploration of the strong potential identified on the East Cadillac asset.

Philippe Cloutier, President and CEO commented, “These results are significant in that they clearly demonstrate the repetition of the high-grade gold zones to be found across the East Cadillac property,” adding, “specifically, our follow-up on the VG9 and VG10 Zones area indicate we can expect to further expand the known high-grade gold mineralization both laterally and at depth.”

Table 1: Details of the new high-grade gold results

* Presence of visible gold
   The lengths of the mineralized intersections are expressed as measured lengths along the drill core.
   The estimated true widths of the mineralized intersections are approximately 50 to 90% of the reported lengths.