BRÈVE

sur Cerrado Gold Inc. (isin : CA1567881018)

Cerrado Gold Announces Successful Production of High Purity Iron Concentrates at Mont Sorcier

TORONTO, ON, March 1, 2024 – Cerrado Gold Inc. reveals the positive outcome of metallurgical tests from its Mont Sorcier project in Quebec, confirming its capability to produce Direct Reduction Iron (DRI) Grade iron concentrates with high purity. With silica and alumina levels below 2.5%, these concentrates offer a greener alternative for steel production, potentially reducing the industry's carbon footprint significantly.

The testing, conducted by Soutex Inc. and SGS Canada, marks an initial step towards the feasibility study for Mont Sorcier, aiming for high purity 67% iron concentrates. The project, utilizing Quebec's hydroelectric resources, underscores the mining sector's shift towards sustainable practices. This advancement could position Mont Sorcier as a critical contributor to the global 'Green Steel' market, which is on the rise due to mounting environmental concerns.

Findings from the testing not only exceeded previous expectations by achieving a 67% iron grade but also stressed the potential for low-emission steel production via electric arc furnaces. CEO Mark Brennan hailed the results, which align with the industry's broader goals of lowering emissions and favoring higher grade, environmentally friendly materials.

This development could greatly enhance the economics of the Mont Sorcier project, as work continues on optimizing processing methods and validating test results to refine production profiles. As demand for clean steel alternatives grows, Cerrado's project stands to benefit significantly, aligning with Quebec's strategic vision for mineral development and global emission reduction.

R. E.

Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.

Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève

Voir toutes les actualités de Cerrado Gold Inc.