Press Release Highlights:
- Two claim blocks staked, adding 2343.5 Ha to property area
- “East Extension Block” encompasses geophysically inferred strike extension of the K1-1 deposit and a known gold prospect
- “Airport Block” encompasses at least two bands of iron formation with associated conductor
Toronto, Ontario–(Newsfile Corp. – November 29, 2017) – Cadillac Ventures Inc. (TSXV: CDC) (“Cadillac” or the “Company”) is pleased to announce that recently completed staking has increased the Thierry Project’s property size to 7,765.5Ha, hosting the Thierry underground mine copper and platinum group minerals deposit and the K1-1 surface copper deposit, just outside of the Town of Pickle Lake, NW Ontario. Two blocks, the East Extension and the Airport, were staked in order to cover known mineralization and prospective targets.
Figure 1: Thierry Property – Recently Acquired Claims
To view an enhanced version of Figure 1, please visit:
East Extension Block
The staking of this blocks brings the eastern border of the Thierry property adjacent to the former PC Gold property and encompasses two areas of interest, the K1-1 extension and the Gateway occurrence.
The K1-1 Extension hosts the interpreted, via geophysics and drillholes, extension of the K1-1 mineralization and a parallel occurrence. Both the K1-1 extension and the parallel occurrence have been historically drilled with logs recording copper mineralization being encountered at both locations, no assays or core are available. This area is easily accessible along the road on the property and is a compelling followup target.
The Gateway block, covering the Gateway Patricia gold occurrence, which has been historically drilled, outlining gold mineralization within a quartzite with disseminated sulphides, including arsenopyrite, over approximately 2 km of strike length. Logs indicate very little overburden in the area, along with outcrop noted in government geological mapping. The favourable setting of this gold mineralization gives Cadillac the opportunity to mount an efficient ground exploration program after compilation of the existing drillhole, trenching, geological and geophysical data.
The Airport Block covers 1,011Ha and hosts at least two occurences of highly folded banded iron formation, in conjunction with a VLF-EM conductor, which may represent either a sulphide body within the iron formation or associated with a local shear or fault structure. This area is largely unexplored and offers Cadillac the opportunity to engage in a compilation of the available data followed by an initial ground reconnaissance program.
Brian H. Newton P.Geo, a “qualified person” pursuant to the guidelines of Nation Instrument 43-101, has reviewed and approved the technical disclosure within this press release.
Further information regarding Cadillac or this press release can be obtained through the Company’s filings on SEDAR, the website, or by contacting the President, Norman Brewster, directly at 416-203-7722.
No securities regulatory authority has approved or disapproved of the contents of this news release.
Forward Looking Statements
This news release contains forward-looking statements and information under applicable securities laws. 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 approvals, licenses 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 the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.