Proud owner of one of the most exciting copper development projects in Ontario, Cadillac Ventures is building shareholder value through ongoing exploration at the wholly owned Thierry Property located outside of Pickle Lake in NW Ontario. This large (approx. 47 square kms) property has both the formerly productive UMEX Mine onsite, and a separate additional proven open pit resource, as well as other areas of known mineralization which will bear additional exploration in order to test historical records. The former underground mine, with workings and access underground in place, contains an NI 43-101 compliant resource of 8,281,000 Measured and Indicated tonnes grading 1.73% Cu and 0.20% Ni, and 14,639,000 Inferred tonnes grading 1.70% Cu and 0.16% Ni, using a cut-off NSR of C$46.30/tonne. In addition to this, approximately 3 kms. to the east of the mine shaft, the K1-1 deposit contains an inferred resource within an economically optimized Whittle pit shell of 53,614,000 tonnes grading 0.38% Cu, 0.10% Ni, 1.83 g/t Ag, 0.03 g/t Au, 0.05 g/t Pt, and 0.14 g/t Pd.
In addition to this asset Cadillac holds a large land position in the Iberian Pyrite belt in Spain, an area of the world which hosts numerous base metal mines. The projects held by Cadillac bear evidence of historical small scale mining operations, and in some case obvious mineralization at surface, and have been the subject of an initial exploration program designed to identify properties for further work.
The Company also holds assets in Peru, New Brunswick and Quebec in various stages of joint venture and exploration efforts.