Cadillac Ventures Inc.
TSX VENTURE : CDC

Cadillac Ventures Inc.

March 21, 2013 08:00 ET

Cadillac Ventures Inc.: Burnt Hill Mine Site Expanded

TORONTO, ONTARIO--(Marketwire - March 21, 2013) - Cadillac Ventures Inc. (TSX VENTURE:CDC) ("Cadillac" or the "Company") is pleased to release the following result highlights from the Burnt Hill Mine Project drilling program. As can be seen in the illustration below all of the drilling occurred outside areas of known mineralization (depicted in orange). The recently completed 5 drillhole campaign was successful in intersecting mineralization in each hole, expanding the area of the Burnt Hill Mine site.

To view the figure associated with this press release, please visit the following link: http://media3.marketwire.com/docs/861350Figure.pdf.

Findings from this drill program include confirming the continuity of the mineralization in veins systems within the sediment and the granite host rocks. This is important as it signifies the mineralization is not constrained by fractures within the granite. In addition notable silver assays were received. Prior drill programs at Burnt Hill have concentrated the assaying on tungsten, tin and moly. Silver has not been tested since Cadillac's first drill campaign at Burnt Hill in 2007. Based upon results received, a review of the 2007 drilling and the silver results received then has begun. An initial review has identified notable results there as well.

The drill campaign consisted of 1450m drilled over 5 holes with 1167 samples selected, including 934 core samples and 233 quality control samples. Three of the drillholes were selected from those planned to confirm and/or extend the mineralization identified in the Technical Report and Resource Estimate on the Burnt Hill Deposit, York County, New Brunswick, Canada, dated September 9, 2009; the other two holes drilled were designed to investigate the new discovery of tin mineralization around the summit and southern flank of Burnt Hill.

Assay Highlights by Drillhole

BH-12-01

BH-12-01 was collared N/NE of the Burnt Hill Mine area and encountered veining within 20m of the collar, this hole is also notable as it intersected tungsten and moly within the sediments, and intercepted the Burnt Hill Mine #1 Vein with granites in the same hole. In addition zinc was found in the granites and silver was encountered within quartz veining and quartz alteration.

Assay highlights from this hole include;

DDH From To Length Mo % Sn % W % Ag g/t Bi ppm Cu ppm Zn ppm
BH-12-01 20 21 1 0.002 0.015 0.539 0.8 290 340 0.0093
BH-12-01 34 35 1 0.039 0.006 0.003 20.4 1430 181 0.0194
BH-12-01 45 46 1 <0.001 0.006 0.176 1.9 90 179 0.0091
BH-12-01 62 64 2 <0.001 0.005 0.2165 0.45 17 30.5 0.0084
BH-12-01 75 77 2 0.1965 0.1215 0.004 23.95 285 228 0.0057
Including 75 76 1 0.393 0.136 0.008 47.1 563 218 0.0049
BH-12-01 106 107 1 <0.001 0.151 0.002 0.6 12 254 0.004
BH-12-01 135 136 1 <0.001 0.002 0.002 0.4 6 42 0.0107
BH-12-01 136 137 1 0.177 0.005 0.005 0.3 6 17 0.0083
BH-12-01 219 220 1.1 1.5655 0.0218 0.0083 0.9909 60.182 255.45 0.1862
BH-12-01 234 245 11 0.0043 0.0599 0.0193 0.0909 26.255 96.773 0.192
including 235 235 0.5 0 1.1 0.366 1.2 90 111 0.719
BH-12-01 257 257.7 0.7 0.211 0.025 0.003 <0.3 33 82 0.0885
BH-12-01 283 284 1 <0.001 0.112 0.347 <0.3 3 18 0.0038
BH-12-01 315 316 1 0.894 0.006 0.005 <0.3 15 38 0.0035

BH-12-02

BH-12-02 was collared slightly to the east of BH-12-01, again encountering mineralized quartz veining just within the bedrock, and also intersecting the Main #1 Vein further down the hole and the #2 Vein below it.

Assay highlights from this hole include;

DDH From To Length Mo % Sn % W % Ag g/t Bi ppm Cu ppm Zn ppm
BH-12-02 31.4 32.2 0.8 0.102 0.019 1.32 2.8 3020 282 49
BH-12-02 36.2 37 0.8 0.001 0.009 0.383 <0.3 386 16 86
BH-12-02 68.9 69.5 0.6 0.016 0.016 0.255 1.5 825 78 107
BH-12-02 89 89.3 0.3 0.102 0.28 0.003 0.7 589 220 37
BH-12-02 110.1 110.8 0.7 0.021 1.13 0.155 42.3 1540 57 61
BH-12-02 176.2 177.2 1 0.002 0.08 0.415 0.6 69 136 97
BH-12-02 218.8 219.4 0.6 0.239 0.027 0.952 0.5 50 73 109
BH-12-02 235 236 1 1.14 0.088 0.026 0.6 50 77 1290
BH-12-02 280 281 1 0.005 0.149 0.752 <0.3 14 95 1920

BH-12-03

This hole, collared to the NW of the mine area, also intersected the Main #1 Vein, in this instance around the start of the sediment/granitoid contact, after crossing through two clusters of mineralized veins in the sediments. The Main Vein zone, approximately 200-230m down the hole also contained notable copper and zinc mineralization, with one sample between 212-212.7 m encompassing sphalerite clots assaying 2.53% zinc.

Assay Highlights from this hole include;

DDH From To Length Mo % Sn % W % Ag g/t Bi ppm Cu ppm Zn ppm
BH-12-03 46.3 47 0.7 0.277 0.008 0.039 <0.3 35 47 128
BH-12-03 69.6 71.1 1.5 <0.001 <0.001 <0.001 19.1 <2 177 125
BH-12-03 188.4 189.6 1.2 0.006 0.458 0.007 0.4 30 73 122
BH-12-03 209 215.6 6.6 0.019 0.008 0.001 0.57 16.97 150.7 4047.73
including 212 212.7 0.7 0.016 0.013 <0.001 2.9 76 964 25300

BH-12-04

This hole, collared furthest to the east to date as seen in the illustration above, extends the drill tested mineralization at Burnt Hill by approximately 1000 feet. This hole was selected in follow up to successful surface exploration which found visible cassiterite at the summit of Burnt Hill on a southern flank. This hole intersected the anticipated jointed sediment for its entire length, returning tin assays from surface down to approximately 80m on joint planes, below 150m the same joint planes return copper values with pyrrhotite-chalcopyrite flakes on the joints.

Assay highlights from this hole include;

DDH From To Length Mo % Sn % W % Ag g/t Bi ppm Cu ppm Zn ppm
BH-12-04 10.5 12 1.5 <0.001 0.214 <0.001 0.7 <2 70 109
BH-12-04 37.5 39 1.5 <0.001 0.016 0.003 9.5 17 121 1400

BH-12-05

This hole was targeted to follow up on tin mineralization visible at surface and detected by XRF, on the summit of Burnt Hill several hundred metres vertically above the edge of the granites. Significantly this hole encountered the consistent presence of small amounts of sphalerite, galena and chalcopyrite mixed with pyrite on joint planes throughout most of the hole carrying zinc, in addition notable silver values were also encountered.

Assay highlights from this hole include;

DDH From To Length Mo % Sn % W % Ag g/t Bi ppm Cu ppm Zn ppm
BH-12-05 49 64 15 <0.001 0.014 <0.001 4.2 4.8 114.4 2316.5
including 58 59.5 1.5 <0.001 0.079 <0.001 9.2 6 184 8470
BH-12-05 71.5 73 1.5 <0.001 0.008 <0.001 12.6 18 378 2860

Cadillac is pleased with the results of this program, continuing the positive development of the Burnt Hill Mine Project. The drill and surface exploration results will be used to plan the next round of exploration on this property.

Assay results detailed above represent notable values of specific elements above a cut-off grade of 0.1% W, 0.02% M and 0.03% Sn, lack of a result in a field does not mean no assay value was received, it simply isn't highlighted. Samples were selected in the field from drillcore, the drillcore was sawn in half, with one half bagged, tagged and security sealed in the field under the supervision of a qualified person. The sealed samples were delivered by hand to Activation Laboratories in Fredericton, an ISO Accredited facility, where they were prepped and assayed.

Brian H. Newton of Billiken Management Services Inc. supervised the exploration program and the assaying, and reviewed and approved the technical disclosure in this press release.

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.

In addition, Cadillac also holds a 51% interest (with a right to increase to a 65% interest) in the Burnt Hill Project, a historic tungsten/tin mine taken to test production by Mr. Norman Brewster P.Geo for Canadian International Paper during the early 1980's. Cadillac looks forward to resuming the development of this project.

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

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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