|October 26, 2010|
Thierry First Hole Assays 2.21% Cu
|Toronto, October 26, 2010 -- Cadillac Ventures Inc. (TSXV-CDC) ("Cadillac" or the "Company") is pleased to present assay results from the successfully completed first hole at the Thierry Mine Project in NW Ontario. Assay results include 2.21% Cu and 0.147% Ni over a distance of 4.24 feet from 3495.66 to 3499.9 feet down the hole, this is a highlight of what is interpreted to be the successful intersection at depth of the known Thierry deposit. This pierce point is located approximately 500 feet down dip and slightly NNE of the most easterly pierce point which forms the inside edge of the "tooth". The goal of this program is to "infill" drill the area where there is a lack information in the model at depth. Successful completion of the program will add tonnage to the deposit. Hole CV-10-06B (the first hole drilled) has successfully narrowed the information void by encountering mineralization at depth.|
Highlights of these results include;
The image below depicts the trace of drillhole CV-10-06B and illustrates the area in which the model has been pierced and positive results obtained. The "tooth" shaped void is illustrated below.
The complete table of assays for DDH CV-10-06B is as follows
The samples, which were obtained in the field under the supervision of Mr. Neil Willoughby P.Geo, a qualified person as defined by National Instrument 43-101, were bagged and tagged onsite and transported by a bonded courier company to Agat Laboratories in Mississauga for processing using Aqua-Regia Digest -- Metals Package, ICP-OES finish.
Currently the drill rig is completing the second hole targeting the "tooth" and samples are being submitted to the lab. Assays results will be released once available.
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.