Symbol Lookup
Cadillac Announces Drilling Resumes at Thierry Project
Published: 06/11/12 07:00 AM EDT

TORONTO, ONTARIO--(Marketwire - June 11, 2012) - Cadillac Ventures Inc. (TSXV:CDC) ("Cadillac" or the "Company") is pleased to announce that exploration has resumed at the Thierry Project, where Cadillac recently received a positive Preliminary Economic Assessment Report (PEA).

The current exploration program is composed of drilling and field prospecting/mapping. The drilling program at K1-1 has been designed to both test new areas of the deposit, in order to potentially increase the mineralized resource at K1-1. The field prospecting/mapping program has been designed to provide field testing and sampling of correlated geophysical and coincident magnetic anomalies on the property, outside of the area of the Thierry Mine and K1-1. Norman Brewster, President & CEO of Cadillac states "while the company is focused on the redevelopment of the Thierry and K1-1 deposits, it is considered timely to ground prioritize the existing geophysical anomalies therefore a limited program is being carried out over the summer months".

The anomalies are shown on the map (To view this map, please visit the following link: http://media3.marketwire.com/docs/Thierry_Project.pdf) in green, the Thierry Mine and K1-1 area are in red.

About Cadillac

Cadillac is a development-focused copper company currently advancing its 100% owned Thierry Property, near Pickle Lake, Ontario. The Thierry Property consists of the past producing Thierry Mine and hosts two NI 43-101 compliant resources: Thierry Mine and K1-1.

Thierry Mine Deposit

The Thierry Mine is a past producing mine with a current resource estimate consisting of 8.8 million tonnes Measured and Indicated grading 1.66% Cu, 0.19% Ni, 4 g/t Ag, 0.05 g/t Au, 0.04 g/t Pt and 0.13 g/t Pd (3.2 million tonnes Measured grading 1.65% Cu, 0.19% Ni, 4.6 g/t Ag, 0.03 g/t Au, 0.03 g/t Pt and 0.09 g/t Pd and 5.6 million tonnes Indicated grading 1.66% Cu, 0.19% Ni, 3.8 g/t Ag, 0.05 g/t Au, 0.05 g/t Pt and 0.14 g/t Pd) and 14.9 million tonnes Inferred grading 1.64% Cu, 0.16% Ni, 6.4 g/t Ag, 0.10 g/t Au, 0.07 g/t Pt, 0.21 g/t Pd using a cut-off NSR of C$41/tonne (see press release of February 23, 2012). The deposit remains open at depth and to the west

K1-1 Deposit

The K1-1 is an open-pit, large tonnage, low grade deposit located approximately 3 km from the past producing Thierry Mine. The Inferred mineral resource estimate for K1-1 within an optimized pit shell consists of the following: 53,614,000 tonnes grading 0.38% Cu, 0.10% Ni, 1.8 g/t Ag, 0.03 g/t Au, 0.05 g/t Pt, and 0.14 g/t Pd at an NSR cut-off of C$11/tonne (see press release of February 14, 2012).

For more information regarding Cadillac, please visit the Company's website at www.cadillacventures.com.

Forward Looking Statements

This news release contains forward-looking statements and information under applicable securities laws, including with respect to the potential increase of the mineralized resource at K1-1. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as 'may', 'will', 'plan', 'expect', 'believe', 'anticipate', 'estimate', 'intend' and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary licences and permits and the availability of financing, as described in more detail in the Company's securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and Cadillac assumes no obligation to revise or update these forward-looking statements except as required by applicable law. All dollar amounts are in Canadian dollars unless otherwise noted.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Marketwired
Fri, May 17, 2013
11:45 PM Russell Breweries Inc. Closes Private Placement
10:24 PM Med BioGene Inc. Comments on Market Activity
09:44 PM OneMove Announces Shareholder Approval of Amalgamation
07:24 PM Mannix Completes Shares for Debt Settlement
07:17 PM Robert C. Grey: Shareholder News Release
07:15 PM Woulfe Mining Provides Update
07:11 PM John Anderson: Shareholder News Release
07:10 PM Redwood Announces Proposed Changes to Redwood Energy Income Class
07:06 PM Donald Crossley: Shareholder News Release
06:19 PM Avis aux médias : Le gouvernement Harper fera une annonce concernant la recherche axée sur les découvertes scientifiques
06:19 PM Media Advisory: Harper Government to Make an Announcement Regarding Scientific Discovery Research
05:49 PM Northern Announces Appointment of New President & CEO
05:30 PM Aurcana Corporation Clarifies Technical Disclosure
04:57 PM Dundee Corporation Declares Quarterly First Preference Shares, Series 2 Dividend
04:57 PM Dundee Corporation Declares Quarterly First Preference Shares, Series 1 Dividend
04:51 PM Xylitol Canada Inc. Financial Results for Three Months Ended March 31, 2013
04:46 PM WellStar Energy Announces No Material Change
04:44 PM Le Canada continue à soutenir la lutte mondiale contre le VIH/sida
04:37 PM Avis aux médias : Santé Canada
04:17 PM IIROC: Resume; CORONADO RESOURCES LTD.
04:06 PM Avis aux médias : Annonce du gouvernement du Canada concernant le Plan d'action pour assurer la salubrité des aliments au Canada-Photos et vidéo à la disposition des médias
03:50 PM Vitreous Glass Inc. Stock Option Grant
03:49 PM Verisante Completes Private Placement
03:12 PM Majescor Announces the Closing of a Non-Brokered Private Placement
03:09 PM Seair Announces Quarterly Conference Call
02:36 PM Melcor REIT Announces May 2013 Monthly Distribution
02:35 PM CNSX: 2013-0506 - Golden Cross Resources Inc. - Name Change/Consolidation
02:31 PM Condamnations en vertu de la Loi sur les pêches, Gaspésie
02:31 PM Condamnations en vertu de la Loi sur les pêches, Côte-Nord
02:20 PM Avis aux médias : La ministre Shea fera une annonce sur le plan axé sur des impôts bas pour les familles canadiennes
 

Powered By: FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes.
All other data is delayed at least 20 minutes.
By accessing this page, you agree to the following terms and conditions.
Daily Market Updates provided by MarketMinute.com
Mortgage Rates, CD Rates & Home Equity Rates provided by Banks.com
Stock Analysis provided by SocialPicks Conference calls info supplied by OpenCompany
Fundamental data supplied by Mergent, Inc.
Stock quote data supplied by Telekurs
Bots go here
close window
E-mail Article to a Friend




CLOSE WINDOW