Cadillac Ventures Inc.
TSX VENTURE : CDC

Cadillac Ventures Inc.

October 21, 2010 08:30 ET

Cadillac Ventures Inc.: Assay Results from San Eduardo, San Platon Update

TORONTO, ONTARIO--(Marketwire - Oct. 21, 2010) - Cadillac Ventures Inc. (TSX VENTURE:CDC) ("Cadillac" or the "Company") is pleased to announce it has received assays from holes SE-10-03, SE-10-04 and SE-10-05 from San Eduardo Mine located on the El Soldado Investigation Permit. The assays for SE10-01and SE10-02 were announced on October 14th 2010.

Hole Number: from to Length Cu % Zn % Pb % S % Ag ppm Au ppm
SE-10-03 20.00 22.00 2.00 0.002 0.0823 0.009 0.97 0.3 0.012
SE-10-03 22.00 24.00 2.00 0.002 0.228 0.048 2.98 1.3 0.018
SE-10-03 24.00 26.00 2.00 0.015 0.426 0.102 7.2 2.3 0.023
SE-10-03 26.00 28.00 2.00 0.003 0.0679 0.007 3.29 0.7 0.006
SE-10-03 28.00 30.00 2.00 0.004 0.0253 0.002 1.06 0.2 0.008
SE-10-03 30.00 31.50 1.50 0.001 0.1175 0.014 2.63 0.5 0.014
SE-10-03 78.50 80.50 2.00 0.029 0.103 0.021 7.3 1.6 0.13
SE-10-03 80.50 82.50 2.00 0.002 0.0595 0.019 12.75 1.5 0.111
SE-10-03 82.50 84.50 2.00 0.003 0.0289 0.004 16.4 0.8 0.034
SE-10-03 84.50 86.05 1.55 0.058 0.0014 0.002 12.8 0.4 0.016
SE-10-03 96.50 98.30 1.80 0.006 0.0101 0.004 9.6 0.9 0.018
SE-10-04 100.8 102.80 2.00 0.018 0.145 0.018 2.72 0.8 0.057
SE-10-04 102.80 104.80 2.00 0.003 0.0041 0.002 27.5 0.8 0.117
SE-10-04 104.80 106.80 2.00 0.105 0.0145 0.005 40.3 1.8 0.347
SE-10-04 106.80 108.80 2.00 0.107 0.0117 0.004 39 2.2 0.185
SE-10-04 108.80 110.00 1.20 0.011 0.0048 0.003 31 1.2 0.056
SE-10-04 110.00 111.00 1.00 0.003 0.0319 0.001 0.95 0.3 0.034
SE-10-04 111.00 112.50 1.50 1.230 2.97 0.645 14.3 27.9 1.09
SE-10-04 112.50 113.69 1.19 2.070 3.05 0.663 22.4 37.5 1.865
SE-10-04 113.69 115.69 2.00 0.094 0.0471 0.006 1 0.8 0.049
SE-10-04 115.69 117.30 1.61 0.144 0.0352 0.005 1.18 1.3 0.014
SE-10-04 117.30 117.65 0.35 2.040 1.12 0.124 31.2 32 1.685
SE-10-04 117.65 119.65 2.00 0.066 0.0395 0.002 0.43 0.5 0.015
SE-10-05 158.79 160.79 2.00 0.004 0.018 0.004 1.28 <0.2 0.006
SE-10-05 160.79 162.79 2.00 0.017 0.005 0.002 9.7 0.3 0.051
SE-10-05 162.79 164.79 2.00 0.002 0.001 0.002 9.78 0.5 0.01
SE-10-05 164.79 166.79 2.00 0.003 0.004 0.002 12.9 0.3 0.015
SE-10-05 166.79 168.79 2.00 0.001 0.002 0.003 9.95 0.2 0.014
SE-10-05 168.79 170.79 2.00 0.089 0.026 0.009 16.9 1.4 0.031
SE-10-05 170.79 171.30 0.51 0.075 0.017 0.003 2.9 0.6 0.027
SE-10-05 171.30 173.30 2.00 0.001 0.013 0.001 0.8 <0.2 0.016
SE-10-05 175.75 177.75 2.00 0.001 0.032 0.002 0.49 <0.2 0.035
SE-10-05 177.75 179.65 1.90 0.492 1.050 0.060 8.5 3.9 0.24
SE-10-05 179.65 180.35 0.70 0.139 0.884 0.269 2.54 3.4 0.081
SE-10-05 180.35 182.35 2.00 0.345 1.560 0.500 10.3 26.8 0.497
SE-10-05 182.35 184.35 2.00 0.035 0.755 0.240 4.64 8.1 0.087
SE-10-05 184.35 186.35 2.00 0.127 1.265 0.330 3.99 4.9 0.254
SE-10-05 186.35 187.80 1.45 0.533 0.227 0.058 9.51 7 0.393

The assay results demonstrate that there is continuity to the massive and semi-massive sulphide mineralization over the five holes drilled. The mineralization is open to the West, East and downdip, with increasing thickness to the North.

The property is known to host additional mineralization 100m to the east of hole SE-10-01 in the form of "pizarras cobrizas" (cupiferous shales). These were partially mined in the past using underground workings to a depth of 50 metres as depicted on the map below. Historically, the grade of the material is reported to be 3% Cu (Piritas de Huelva, I. Pinedo Vara, 1963). It appears that the mineralization is stratiform and located above the sequence of massive and semimassive mineralization intersected in the 5 holes drilled.

The alteration zone consisting of gossan and oxidized rock has been depicted on the existing bouger gravity map inserted below. This illustrates that the zone stretches from the San Platon massive sulphides on the Buitrera Investigation Permit in the west, across the El Soldado Investigation permit hosting the San Eduardo workings, and onto the La Majada Investigation Permit, a distance of more than 5 kilometres. The map below is comprised of available gravity data, and in the area of the El Soldado Investigation Permit the line spacing is in excess of 300m between lines, which is wide enough that significant data indicative of mineralization can go undetected. For this reason the first follow-up work to this successful drill program will be a ground gravity survey at 75m spacing in order to better define the extent of the mineralization. A downhole EM survey will be conducted in hole SE-10-05 to better define the disposition of the mineralization in this hole as it appears to be a sulphide horizon undergoing a change in sulphide deposition possibly resulting in new aspects to the mineralized body.

The drill rig has moved to the San Platon project on the Buitrera Investigation Permit where the first hole SP-10-01 was completed intersecting the massive sulphide horizon from 262 m to 275.75 m and a total of 24 samples were selected, cut, and delivered to the lab for assay. These results will be released when they become available. The drill has been moved to the second hole in this program.

To view the map that accompanies this press release, please visit the following link: http://media3.marketwire.com/docs/CDCmap1.jpg.

The samples, which were obtained in the field under the supervision of Mr. Jose Malave EurGeol, a qualified person as defined by National Instrument 43-101, were bagged and tagged onsite and hand delivered to the Seville sample preparation facility of ALS Chemex. The samples were prepared in Seville and a representative portion of each sample was sent by air to the ALS Chemex facility in Vancouver for processing. ALS Chemex is an independent accredited lab facility.

Mr. Brian H. Newton P.Geo, of Billiken Management Services Inc. and a "qualified person" pursuant to NI 43-101 has reviewed and approved the technical information in this press release on behalf of the Company.

About Cadillac

Cadillac is a development-focused exploration company which has the past-producing Thierry Property near Pickle Lake in Northern Ontario, several exploration projects in Spain in joint venture with MATSA and three Canadian exploration projects, located in regions that have been historically active.

The Thierry Property encompasses the past producing Thierry Mine which ceased production in 1982 leaving potentially economic mineralization in situ. In addition to the Thierry mine project, Cadillac wholly owns the New Alger project, a previously productive gold mine, located outside of Cadillac, Quebec, where the Company has entered into a joint venture agreement with Renforth Resources Inc. for a three year $2.5 million exploration program. In Spain, the Company is joint venture partner with Minas de Aguas Tenidas, S.A.U. regarding the exploration of 12 different investigation licenses surrounding the Aguas Tenidas Mine in the Iberian Pyrite Belt of southern Spain. The Pickle Lake Gold project held by Cadillac is a land package contiguous to three formerly productive historic gold mines; this project has been joint ventured to Newcastle Minerals Ltd. The Burnt Hill Project is a 51% owned tungsten tin project located outside of Fredericton, New Brunswick.

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.

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