|May 18, 2010|
Cadillac obtains a 19.7% Copper sample from Angostura Project dumps on the Esperanza P.I. and receives over limit result
Toronto, May 18, 2010 - Cadillac Ventures Inc. (TSXV-CDC) ("Cadillac" or the "Company") is pleased to report the following additional assays from a regional orientation sampling program ongoing over the 12 license areas which form Cadillac's Joint Venture with MATSA in the Iberian Pyrite Belt of Southern Spain.
Esperanza Project, Esperanza P.I.
The Company has received the over limit result for sample E006875 press released on May 17th 2010. The result is 49.3% Zinc, this sample was previously press released as >30% Zinc. The sample material used was the remaining split of the prepared sample, this portion was processed using Zn-VOL50 process by ALS Chemex following the same methodology as the original sample detailed in the May 17th press release. The Zn-VOL50 process is a volumetric over limit determination for Zinc up to 100%.
Angostura Project, Esperanza P.I.
The Angostura Project is located on the Esperanza investigation permit and encompasses a historic copper mine which was active from 1906-1931, operated by Esperanza Copper and Sulphur Ltd. The former Angostura Mine was an open pit and underground operation that, in conjunction with the historic Esperanza Mine located 3km to the east (and within the Esperanza P.I.), produced a total between the two deposits of 1.84 MT at 1.55% Cu between 1906 and 1931 as reported in Spanish language technical publications on the Pyrite Belt.
These samples were obtained onsite either by or under the direct supervision of Mr. Jose Malave Mora, Euro Geol. The sample program is being executed under the supervision of Mr. Brian H. Newton, P.Geo and President of Minroc Management Limited. Both of Mr. Malave and Mr. Newton are "qualified persons" as defined by National Instrument 43-101. The samples were personally delivered to the ALS Chemex preparation facility in Seville under seal by Mr. Malave where they were processed by ALS Chemex which includes the crushing of each sample and a representative sample of that material being prepared. These were sent by air express courier by ALS to their accredited laboratory facility in Vancouver, Canada where the samples underwent the Au-AA23 (Au 30g FA-AA finish) for gold and ME --OG 62 Ore Grade Elements --Four acid for other metals process.
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.