|September 07, 2010|
Drilling Commences in Spain
|Toronto, September 7, 2010 - Cadillac Ventures Inc. (TSXV-CDC) ("Cadillac" or the "Company") is pleased to announce that drilling has commenced in Spain on the historic San Eduardo workings located on the El Soldado Investigation Permit. This program was announced on August 9th, 2010.|
The historic San Eduardo Mine was explored underground to a depth of 50 metres in the early 20th century by Zalamea Copper in conjunction with mining from an open pit, leaving the open cut shown below with underground workings. The historical activity on the property consisted of production of copper from an open pit and the removal of less than 100,000 metric tons of development material from the underground exploration galleries. The average grade reported historically through sampling the underground development was 2.4% Cu as published in "Piritas de Huelva" by Pinedo Vara 1960. The area underground was mapped and it is reported that mineralization was left in place. Current plans for this property are to drill 2 holes downdip from the exposed mineralization outcropping on surface and the associated underground workings shown in the photograph below.
Historic San Eduardo Mine at present
Cadillac previously announced (February 18, 2010) results from ongoing sampling on each of the investigation permits. Two samples were taken from the exposed complex ore in the open pit and workings on the El Soldado investigation permit depicted above.. No samples were taken from the remaining copper bearing massive sulphide mineralization as the area is generally water covered. The results obtained were;
San Eduardo Outcropping of Complex Mineralization
Mr. Jaques Felenc, VP of Exploration for Cadillac states "We are optimistic the two drillholes will encounter the downdip continuation of mineralization seen in the 10 metre wide surface outcropping as well as the copper bearing massive sulphide tested by the exploration galleries."
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.
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.
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, 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.