Cadillac Intersects 225 Feet of 0.48% Cu Outside of Whittle Pit Shell at K1-1
September 13 2012 - 8:00AM
Marketwired Canada
Cadillac Ventures Inc. (TSX VENTURE:CDC) ("Cadillac" or the "Company") is
pleased to release assays from the complete Summer 2012 drilling program on the
K1-1 open pit at the Company's Thierry Project, NW Ontario. The drilling program
consisted of 7,218 feet designed to deepen and widen the K1-1 Pit. This program
has been deemed a success by management as each hole encountered mineralization
outside of the current 43-101 compliant Whittle Pit model. These holes returned
assayed grades comparable to, or better than, those contained within the current
Whittle Pit defined complaint resource, restated below for reference.
"The 2012 drilling to date has been a success in proving additional
mineralization outside the current open pit exists. This is the latest in our
ongoing success at the Thierry Project, we have added tonnes and shown resources
at both the underground Thierry Mine and the K1-1 open pit since Cadillac
acquired the 11,538 acre property," stated Norm Brewster, P.Geo, President and
CEO of Cadillac.
Assay Highlights
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Hole # From To Length Cu % Ni %
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K-12-43 139.5 213 73.5 0.39 0.073
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K-12-44 44.6 55 10.4 0.34 0.048
378.5 391.5 13 0.43 0.086
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K-12-45 98.50 108.00 9.5 0.37 0.08
135 153.5 18.5 0.34 0.048
325 353 28 0.32 0.057
369 430 61 0.34 0.076
including 369 400 31 0.39 0.075
including 410 430 20 0.33 0.08
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K-12-46 88.3 116 27.7 0.37 0.13
240 323 83 0.33 0.1
540 550 10 0.42 0.15
612.5 622.5 10 0.41 0.094
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K-12-47 395 435 40 0.33 0.16
460 505 45 0.31 0.14
680.8 785 104.2 0.35 0.09
including 680.8 696 15.2 0.45 0.09
including 701.8 785 83.2 0.35 0.1
847 901.5 54.5 0.33 0.076
984 999 15 0.36 0.097
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K-12-48 657.5 692.5 35 0.55 0.14
759.5 984.5 225 0.48 0.11
including 759.5 814.3 54.8 0.41 0.1
including 824.3 984.5 160.2 0.51 0.1
1003.3 1027.4 24.1 0.59 0.12
1047.4 1074 26.6 0.33 0.14
1137 1228 91 0.36 0.09
1243 1310 67 0.3 0.11
1325 1343.75 18.75 0.3 0.07
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K-12-49 795 1105 310 0.37 0.084
including 935 1105 175 0.42 0.099
1135 1170 35 0.31 0.086
1190 1255 65 0.37 0.9
1280 1320 40 0.5 0.1
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K-12-50 635.5 685 49.5 0.38 0.07
695 710 15 0.36 0.08
725 870 145 0.49 0.12
895 955 60 0.3 0.12
1080 1098.5 18.5 0.31 0.1
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To view the figure "Whittle Pit Resource with 2012 Drillholes", please visit the
following link: http://media3.marketwire.com/docs/CDC912figure1.pdf
In the image above the compliant Whittle Pit is grey, the 2012 drillhole traces
are depicted as green lines while the mineralized intersections stated above are
represented as thickened red areas of the drillhole traces. This image is
looking at the approx. 3750 foot strike length of the open pit, slightly rotated
in order to illustrate that the holes are undercutting the pit and within an
area where the current model narrows the pit. All of the holes drilled
encountered mineralization outside of the current modeled pit.
Current K1-1 Whittle Open Pit Resource
As press released on February 14, 2012, the Inferred mineral resource at K1-1
has been estimated within an economically optimized Whittle pit shell and
consists of: 53,614,000 tonnes grading 0.38% Cu, 0.10% Ni, 1.83 g/t Ag, 0.03 g/t
Au, 0.05 g/t Pt, and 0.14 g/t Pd.
In addition to this, the K1-1 property contains a global mineralized inventory
of 75,857,000 tonnes grading 0.38% Cu, 0.10% Ni, 1.81g/t Ag, 0.02g/t Au, 0.05g/t
Pt and 0.14g/t Pd, also press released February 14, 2012. This inventory
includes the resource within the Whittle Pit. The difference between the two is
mineralization which was identified as occurring on the property, but outside of
the economically optimized Whittle Pit. This inventory forms part of the current
exploration target.
Cadillac anticipates it will, in the future, be updating the resource at K1-1.
At present the Company is focusing on the drill program and will be targeting
further positive results outside of the current pit.
Mr. Brian H. Newton, P.Geo, of Billiken Management Services Inc., is a
"Qualified Persons" pursuant to NI 43-101 and has reviewed and approved the
contents of this press release.
About Cadillac
Cadillac is a development-focused copper company currently advancing its 100%
owned Thierry Property, near Pickle Lake, Ontario. The Thierry Property consists
of the past producing Thierry Mine and hosts two NI 43-101 compliant resources:
Thierry Mine and K1-1.
In addition to this Cadillac also holds a 51% interest in the Burnt Hill
Project, a historic tungsten/tin mine taken to test production by Mr. Norman
Brewster P.Geo for Canadian International Paper during the early 1980's.
Cadillac looks forward to resuming the development of this project.
For more information regarding Cadillac, please visit the Company's website at
www.cadillacventures.com, or call Norman Brewster, President and Chief Executive
Officer, at 416 203-7722.
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