|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.
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.
Complete Assay results SP-10-01
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.
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.
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