Cadillac Commences Systematic Sampling for Gold on San Miguel Gossan, Esperanza Investigation Permit Area
May 12 2010 - 11:33AM
Marketwired
Cadillac Ventures Inc. (TSX VENTURE: CDC) ("Cadillac" or the
"Company") is pleased to announce that the Company is commencing a
systematic grid sampling program on the San Miguel gossan located
on the Esperanza investigation permit in the Iberian Pyrite Belt,
Southern Spain.
San Miguel Gossan, P.I. Esperanza
On May 3rd 2010 the Company press released the assay results
obtained to date from the surface sampling program in the area of
the historical San Miguel Mine, which included a result of 6.87 gpt
Au from a 1.09 kg. sample obtained from the exposed contact zone.
While further results are pending from previous sampling the
Company determined that a surface mapping program to determine the
extent of the gossan on surface was warranted.
This surface gossan zone has been mapped over an area which is
approximately 500m in an east-west direction by approximately 100m
in a north-south direction, the mapping has identified 3
lithologies present in the gossan zone as illustrated in the image
below, with the sampling grid overlain.
NOTE: To view the image, please visit the following link -
http://media3.marketwire.com/docs/CDC0512.pdf
Surface mapping has resulted in the following;
1. Gossan from disseminated sulphide - this has been mapped as an area of
approximately 500m in an east/west direction and approximately 50m in a
north/south direction
2. Gossan from stockwork - this has been mapped as an area of approximately
411m e/w and approximately 83m n/s
3. Gossan from massive sulphide - this has been mapped as an area of
approximately 215m e/w and approximately 100m n/s.
4. Two areas of dumps from historic operations, both of which have been
sampled previously.
Gold bearing samples have been previously obtained and press
released from the massive sulphide and the stockwork gossan zones;
there has been no sampling by the Company as yet of the
disseminated sulphides gossan zone. Samples will be taken as
indicated by the grid illustrated above along n/s lines which are
spaced 50m apart. Every 10m on the n-s lines a small pit will be
dug to a depth of 20cm into the outcrop and a sample obtained.
These samples will be sent for processing via ALS Chemex. It is
anticipated that this program will result in 95 samples being sent
for processing.
Mr. Brian H. Newton P.Geo, 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 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.
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 Burnt Hill Project is a 51% owned tungsten tin project
located outside of Fredericton, New Brunswick. The Company also
holds the Pickle Gold project comprised of 21 claims in the
vicinity of 3 historically proactive gold mines near Pickle Lake,
and the Kirkland Gold project, located about 15 kilometres west of
the town of Kirkland Lake.
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.
Contacts: Cadillac Ventures Inc. Norman Brewster President and
Chief Executive Officer 416 203-7722 www.cadillacventures.com
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