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 November 04, 2010
First San Platon hole assays 5.42% Cu over 2 metres

 
Toronto, November 4, 2010 -- Cadillac Ventures Inc. (TSXV-CDC) ("Cadillac" or the "Company") is pleased to announce initial assay results from the ongoing drill program on the San Platon project including 5.42% Cu over 2 metres in SP-10-01.

From To Length Cu % Zn % Pb % S % Ag ppm Au ppm
262.00 264.00 2.00 5.42 0.101 0.0371 17.85 4.6 0.998
261.00 264.00 3.00 4.04 0.10 0.03 13.77 3.73 1.18

The San Platon Project is located on the Buitrera Investigation Permit, in proximity to the Aguas Tenidas Mine of Iberian Minerals Corp. outside the town of Almonaster in Huelva Province, Region of Andalucia, Spain. The property was historically productive and is purported to have residual mineralization in situ. Over the life of the mine historic material sold was approximately 900,000 tonnes, at grades which varied but included approx 16,000 tonnes in "black copper" at a grade range of 4.34 to 6.79% Cu, 4.73 to 23.23 grams Au and 58 to 90 grams Ag, however the bulk of the material sold was 730,000 tonnes at a reported grade range of 1.26 to 3.2% Cu. An additional historical, residual mineralization is reported to be greater than 500,000 tonnes within the immediate mine area grading up to 2.5% Cu. (Pinades, Piritas de Huelva, 1963). A qualified person has not done sufficient work to classify the historical estimate as current mineral resources. Cadillac is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.

Drilling is ongoing at San Platon, the third hole is currently underway, with samples being selected and sent for assay as warranted.

Click to Enlarge

Complete Assay results SP-10-01

Sample from to Length Cu % Zn % Pb % S % Ag ppm Au ppm
E007142 257.00 259.00 2.00 0.005 0.0189 0.0041 4.41 0.3 0.024
E007143 259.00 261.00 2.00 0.157 0.0593 0.0418 11.5 7.7 0.072
E007144 261.00 262.00 1.00 1.135 0.0852 0.0057 5.6 2 1.55
E007145 262.00 264.00 2.00 5.49 0.101 0.0371 17.85 4.6 0.998
E007146 264.00 265.30 1.30 0.777 0.0576 0.012 16.2 1.9 0.45
E007147 265.30 267.30 2.00 0.062 0.0078 0.0038 44.5 1.1 0.159
E007148 267.30 269.30 2.00 0.042 0.004 0.0047 44 1.1 0.158
E007149 269.30 271.00 1.70 0.014 0.0016 0.0026 41.6 0.9 0.105
E007150 271.00 273.00 2.00 0.091 0.0027 0.0018 20.7 0.7 0.115
E007151 273.00 274.00 1.00 0.004 0.0012 0.0007 14.5 0.3 0.037
E007152 274.00 275.75 1.75 0.008 0.001 0.0013 39.5 0.7 0.077
E007153 275.75 277.75 2.00 0.011 0.0041 0.0003 9.03 0.3 0.024
E007154 277.75 279.75 2.00 0.006 0.0033 0.0005 6.7 0.2 0.026
E007155 279.75 281.75 2.00 0.002 0.006 0.0007 4.79 <0.2 0.015
E007156 281.75 283.75 2.00 0.002 0.0056 0.0021 9.48 0.3 0.016
E007157 283.75 285.75 2.00 0.002 0.0065 0.0027 12.5 0.3 0.042
E007158 285.75 287.75 2.00 0.023 0.0031 0.0067 13.6 0.4 0.046
E007159 287.75 289.75 2.00 0.003 0.0164 0.0017 3.56 <0.2 0.022
E007160 289.75 291.75 2.00 0.004 0.0044 0.0002 1.13 <0.2 0.015
E007161 291.75 293.75 2.00 0.014 0.0051 0.0002 1.93 <0.2 0.026
E007162 293.75 295.75 2.00 0.044 0.0061 0.0004 3.61 0.3 0.045
E007163 295.75 297.75 2.00 0.151 0.0222 0.0007 2.22 0.3 0.13
E007164 297.75 298.75 1.00 0.073 0.106 0.0027 1.48 0.2 0.055
E007165 298.75 300.00 1.25 0.014 0.0774 0.0025 0.73 0.2 0.033

The samples, which were selected 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.

About Cadillac

Cadillac is a development-focused exploration company which owns 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.


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