TORONTO, ONTARIO–(Marketwired – Aug. 21, 2015) – Cadillac Ventures Inc. (TSX VENTURE:CDC)(OTC:CADIF) (“Cadillac” or the “Company“) announced today that as a result of a review by staff of the Ontario Securities Commission, we are issuing the following news release.
The Company advises that today it has filed on the System for Electronic Document Analysis and Retrieval (“SEDAR®”) revised Management Discussion and Analysis (“MD&A” or “MD&A’S”) for the fiscal year ended May 31, 2014 and the nine month period ended February 28, 2015. The amendments consist of the following:
- To remove reference to the Global Mineralized Inventory of 75,857,000 tonnes containing 0.38% Copper and 0.10% Nickel pertaining to the K1-1 deposit which represents the block model mineral inventory for the deposit, not the mineral resource estimate. The February 2012 mineral resource estimate for the K1-1 deposit is 53,614,000 tonnes of inferred mineral resources grading 0.38% Copper and 0.10% Nickel using an NSR cut-off of $11/tonne constrained by the Whittle pit design.
- To add to the disclosure pertaining to the K1-1 deposit exploration target by including the prescribed cautionary language that the potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as an additional mineral resource for the K1-1 deposit.
- To disclose the name and relationship to the Company of the qualified person pertaining to the technical information. Mr. Brian H. Newton, P.Geo. of Billiken Management Services Inc. is the qualified person pursuant to the requirement set out in National Instrument 43-101 that has reviewed and approved the technical information on behalf of the Company.
In addition the Company has also updated the presentation on its Website in connection with the above disclosures including reporting of inferred mineral resources separate from measured and indicated mineral resources.
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.
President and Chief Executive Officer