|May 12, 2010|
Cadillac Commences Systematic Sampling for Gold on San Miguel Gossan, Esperanza Investigation Permit Area
|Toronto, May 12, 2010 - Cadillac Ventures Inc. (TSXV-CDC) ("Cadillac" or the "Company") is pleased to announce that the Company is commencing a systematic grid sampling program on the San Miguel gossan located on the Esperanza investigation permit in the Iberian Pyrite Belt, Southern Spain.|
San Miguel Gossan, P.I. Esperanza
On May 3rd 2010 the Company press released the assay results obtained to date from the surface sampling program in the area of the historical San Miguel Mine, which included a result of 6.87 gpt Au from a 1.09 kg. sample obtained from the exposed contact zone. While further results are pending from previous sampling the Company determined that a surface mapping program to determine the extent of the gossan on surface was warranted.
This surface gossan zone has been mapped over an area which is approximately 500m in an east-west direction by approximately 100m in a north-south direction, the mapping has identified 3 lithologies present in the gossan zone as illustrated in the image below, with the sampling grid overlain.
Surface mapping has resulted in the following;
Mr. Brian H. Newton P.Geo, 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.
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.
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 Burnt Hill Project is a 51% owned tungsten tin project located outside of Fredericton, New Brunswick. The Company also holds the Pickle Gold project comprised of 21 claims in the vicinity of 3 historically proactive gold mines near Pickle Lake, and the Kirkland Gold project, located about 15 kilometres west of the town of Kirkland Lake.
For more information regarding Cadillac, please visit our website at www.cadillacventures.com, or call Norman Brewster, President and Chief Executive Officer, at 416 203-7722.
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.
View News Release in PDF Format: