Cadillac Commissions Dewatering Implementation Plan
August 17 2011 - 8:30AM
Marketwired
Cadillac Ventures Inc. (TSX VENTURE: CDC) ("Cadillac" or the
"Company") is pleased to announce that AECOM, a global provider of
professional technical and management support services in
environment, transportation, facilities, energy and water, has been
commissioned to provide an implementation plan for dewatering the
Thierry Mine site.
AECOM has completed an evaluation of the Thierry Mine Project
dewatering initiative, which included conducting a baseline water
sampling program on the property, as well as water sampling to
determine the most effective treatment strategies for the water in
the pits and the mine shaft. This included evaluating the
previously-identified water treatment system along with other
available treatment solutions to ensure dewatering discharge to
surface water is in compliance with regulatory requirements.
The next phase of AECOM's involvement is the delivery of a
Dewatering Implementation Plan, anticipated in October 2011, which
will encompass the design criteria for the site, including
recommended flow, dewatering duration and water quality (raw and
treated); a site plan detailing required infrastructure for
dewatering and water treatment; and a preferred treatment
technology recommendation with a conceptual level cost estimate. In
addition a status report regarding consultation activities with
regulatory bodies will also be drafted.
Upon completion the Dewatering Implementation Plan will
facilitate the drafting of tenders for aspects of the project such
as site infrastructure, dewatering systems and water treatment
facilities.
About Cadillac
Cadillac's Thierry Mine project has a measured and indicated
mineral resource of 6.2 million tonnes at a grade of 1.92% Cu, and
an additional inferred mineral resource of 8.2 million tonnes at a
grade of 1.79% Cu (see the Company's 43-101 compliant report
entitled "Technical Report and Updated Resource Estimate on the
Thierry CU-NI-PGE Mine Property, Pickle Lake Area, Patricia Mining
District, North-Western Ontario, Canada" dated July 2010 and filed
on Sedar). In addition the resource includes Nickel, Silver, Gold,
Platinum and Palladium. The Thierry Mine is located in Northwestern
Ontario, is wholly owned by Cadillac, and was last in operation
under UMEX in the early 1980s, leaving significant underground
development in place. Since re-acquiring the Thierry Mine project,
Cadillac has been focusing on adding to the resource in the
immediate area of the mine by drilling a gap in the NI 43-101
deposit model referred to as the tooth, which management has
internally calculated contains six million tonnes of material, this
program has just been completed, with final results still pending.
All of the holes successfully intersected mineralization of a grade
and width that supported management's assumption regarding the
continuation of the model at depth through the tooth. In addition,
drilling along strike to both the east and the west has intersected
mineralization outside of the NI 43-101 model. Cadillac's property
position at Thierry is large and hosts other exploration targets,
including the K1-1 deposit, known from historical drill records
which are not NI 43-101 compliant, to be a large, low grade and
shallow occurrence approximately three km to the east of the old
Thierry Mine shaft, which also had within it higher grade
intersections. Cadillac is currently investigating this deposit
with several initial drill holes.
International exploration potential is also held by Cadillac, a
joint venture partner with Minas de Aguas Tenidas, S.A.U. ("MATSA")
regarding the exploration of 12 different investigation licenses
encompassing over 230 square kilometers surrounding the Aguas
Tenidas Mine held by MATSA (a wholly owned subsidiary of Iberian
Minerals Corp.) in the Iberian Pyrite Belt of southern Spain. Each
of these licenses hosts visible mineralization and/or evidence of
historical mining activities. In order to earn a 90% interest in
the entire license package Cadillac has embarked on a survey drill
program over several of these licenses which is nearing completion
augmented by geophysics. The information produced by this program
has been assembled and is guiding management in prioritizing these
properties for individual definition campaigns.
The three other projects held by Cadillac consist of: (i) the
Burnt Hill Project, a 51% owned tungsten tin project located
outside of Fredericton, New Brunswick and where Cadillac obtained
positive drill results and new evidence of mineralization at the
extents of this large property last summer and which is slated for
follow up work in the Summer/Fall 2011 season; (ii) the Pickle Lake
Gold project, a land package contiguous to three formerly
productive historic gold mines which has been joint ventured to
Newcastle Minerals Ltd.; and (iii) the New Alger project located in
the Cadillac Break mining camp in Quebec which is a gold project
joint ventured to Renforth Resources Inc.
About AECOM
AECOM is a global provider of professional technical and
management support services to a broad range of markets, including
transportation, facilities, environmental, energy, water and
government. With approximately 45,000 employees around the world,
AECOM is a leader in all of the key markets that it serves. AECOM
provides a blend of global reach, local knowledge, innovation and
technical excellence in delivering solutions that create, enhance
and sustain the world's built, natural and social environments. A
Fortune 500 company, AECOM serves clients in approximately 125
countries and had revenue of $7.7 billion during the 12 months
ended June 30, 2011. More information on AECOM and its services can
be found at www.aecom.com.
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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