|October 18, 2010|
San Eduardo assays 3.81% Cu in recent Spanish drilling
|Toronto, October 14, 2010 -- Cadillac Ventures Inc. (TSXV-CDC) ("Cadillac" or the "Company") is pleased to announce initial assay results from drilling on the San Eduardo project including 3.81% Cu over 1.6 metres in SE-10-02 in cupriferous mineralization and 1.753% Cu, 8.77% Zn, 1.3%Pb and 76 ppm Ag over 3.0 metres, also in SE-10-02, the results are detailed below.|
A total of five holes have been drilled on the San Eduardo project located on the El Soldado Investigation Permit, all of them intersected the mineralized horizon in a manner consistent with the massive and semimasive sulphides visible in the historic workings (as pictured in the Company's press release of Sept. 7/2010). An aerial photo with the drill collar locations inserted appears below.
Further sampling was carried out on holes SE-10-03, SE-10-04 and SE-10-05, the results of which will be released as soon as possible. The drill rig has moved on to the San Platon project where drilling has commenced.
The massive and semimassive sulphide mineralization shows continuity over greater than 60 metres in an E-W direction, and in excess of 100 metres in a N-S direction, and is open in both directions.
A Down Hole Electromagnetic (DHEM) survey will be carried out on certain of the holes and a surface gravity survey based upon a 70m grid will be done in order to guide future drilling on this project.
The samples, which were obtained in the field 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.
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.