Cadillac Ventures Inc.
TSX VENTURE : CDC

Cadillac Ventures Inc.

November 18, 2010 08:30 ET

Cadillac Ventures Inc.: Second San Platon Hole Assays 7.38% Zn Over 2.6 Metres

TORONTO, ONTARIO--(Marketwire - Nov. 18, 2010) - Cadillac Ventures Inc. (TSX VENTURE:CDC) ("Cadillac" or the "Company") is pleased to announce assay results from the second hole in the ongoing drill program on the San Platon project including 7.38% Zn over 2.6 metres in SP-10-02.

From To Length Cu % Zn % Pb % S % Ag ppm Au ppm
201.05 203.65 2.60 0.07 7.38 2.01 31.60 64.85 0.64
201.05 203.05 2.00 0.05 8.39 2.03 33.40 64.90 0.69

The San Platon project is located on the Buitrera Investigation Permit, in proximity to the Aguas Tenidas Mine of Iberian Minerals Corp. outside the town of Almonaster in Huelva Province, Region of Andalucia, Spain. The first hole drilled at San Platon (see the Company's press release dated November 4, 2010) included 5.49% Cu over 2 metres. Results from the first hole were positive. Historically, the San Platon massive sulphide deposit was mined for copper between 1906 and 1934 ( Pinedo Vara Piritas de Huelva 1963) producing 900,000 mt of ore. The area mined corresponds to the central zone that, according to classical massive sulphide zoning, is where the copper rich mineralisation would occur. At the border of this central zone the mineralisation is polymetallic with Zinc, Lead and Silver (Zn, Pb and Ag, respectively). High grade Zn, Pb and Ag was sampled from dumps on the property containing material from the time the mine was in operation (see the Company's press releases of February 2010). This Zn rich ore was not the focus of the operation at that time and only was mined in order to allow the required mine development to arrive to the copper ore.

The SP 10-02 drillhole intersects the polymetallic portion of the massive sulphide to the west of the deposit. More holes are programmed to the west and east in order to test the extensions of the Zn rich mineralisation as depicted below.

To view the figure associated with this release, please visit the following link: http://media3.marketwire.com/docs/CDCfig.jpg.

Complete assay results for samples taken from drillhole SP-10-02 are:

Sample from to Length Cu % Zn % Pb % S % Ag ppm Au ppm
E007166 199.05 201.05 2.00 0.003 0.022 0.001 0.41 0.3 0.006
E007167 201.05 203.05 2.00 0.047 8.390 2.03 33.4 64.9 0.691
E007168 203.05 203.65 0.60 0.137 4.010 1.945 25.6 64.7 0.476
E007169 203.65 203.95 0.30 0.002 0.116 0.043 0.95 0.8 0.021
E007170 203.95 205.66 1.71 0.011 1.905 0.768 34.8 16.5 0.073
E007171 205.66 207.66 2.00 0.003 0.196 0.073 3.85 2.2 0.012
E007172 207.66 209.90 2.24 0.002 0.044 0.009 2.68 0.9 0.009
E007173 209.90 211.90 2.00 0.130 3.340 0.771 21.6 26.1 0.278
E007174 211.90 213.90 2.00 0.006 0.044 0.015 5.9 0.9 0.009
E007175 213.90 215.90 2.00 0.001 0.039 0.003 4.13 0.7 0.034
E007176 215.90 217.90 2.00 0.039 0.046 0.005 13.05 2 0.174
E007177 217.90 219.90 2.00 0.025 0.022 0.003 1.11 0.6 0.014

The samples, which were selected 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 owns 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.

For more information regarding Cadillac, please visit our 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.

Contact Information

  • Cadillac Ventures Inc.
    Norman Brewster
    President and Chief Executive Officer
    416 203-7722