Cadillac Ventures Inc.: Update on Burnt Hill Property
March 14 2013 - 8:00AM
Marketwired Canada
Cadillac Ventures Inc. (TSX VENTURE:CDC) ("Cadillac" or the "Company") is
pleased to provide the following update regarding the Burnt Hill Property,
located in central New Brunswick.
Burnt Hill Update
In 2011 Cadillac mounted two small drill programs at Burnt Hill designed to test
the lateral extent of mineralized zones identified in drill holes from 1976,
1979 and 2007, and to fill in data gaps within the resource calculated for Burnt
Hill in 2009 based upon the 1976, 1979 and 2007 drilling. Cadillac is releasing
these results in a consolidated press release today in order to provide
information regarding the status of Burnt Hill. The fall/winter 2012 exploration
prospecting and drilling campaigns were successful and will be press released
following this orientation release.
"Cadillac has recently focused our exploration resources on Burnt Hill, and we
are pleased with our success to date. We also feel that a great deal of
potential value lies in proving a significant tungsten, tin resource in Atlantic
Canada, in a jurisdiction noted for being the world's most attractive
jurisdiction for mineral exploration and development in 2012," stated Norman
Brewster, President and CEO of Cadillac.
Burnt Hill Resource Estimate
Burnt Hill has a resource estimate in place on the property as follows:
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INDICATED INFERRED
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Cut-Off WO3 MoS2 SnO2 WO3 MoS2 SnO2
WO3 TONNES (%) (%) (%) TONNES (%) (%) (%)
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Open Pit 0.10% 245,000 0.530 0.012 0.012 38,000 0.413 0.008 0.008
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Underground 0.25% 216,000 0.440 0.011 0.007 552,000 0.543 0.009 0.013
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Total 461,000 0.489 0.012 0.010 590,000 0.535 0.009 0.013
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Note: The above resource estimate is reproduced from the "Technical Report
and Resource Estimate on the Burnt Hill Deposit, York County, New Brunswick,
Canada" dated September 9, 2009, a copy of which can be found under the
Company's profile on Sedar.
Cadillac considers this to be a preliminary resource, calculated using the
historic drilling, limited drilling in 2007, and a resampling for verification
purposes of the historic core. Subsequent to this 2009 resource calculation,
Cadillac was focused on the acquisition of and exploration of the Company's
Thierry Project.
Consequently, operations at Burnt Hill were limited but sufficient to keep the
property in good standing.
Upon the calculation of this resource a future exploration plan was also
developed, aimed at further defining the deposit and moving the categorization
of the resource from inferred to indicated by drilling in areas of the deposit
where the Company's consultants and authors of the above referenced technical
report, P&E Mining Consultants Inc., recommended further drilling. In 2011 and
again in 2012, Cadillac drilled a number of these holes, In 2012 exploration
drilling was also added.
Burnt Hill 2011 Drill Campaign
In 2011 a total of 2330.08m were drilled over a total of 10 drill holes, 1836
samples were taken which included 114 standards, 114 blanks, 114 double splits
and 58 coarse rejects. Each of the completed holes successfully intersected
mineralization above the cut-off grades used in the resource calculation, with
the exception of hole BH-11-07 which intersected an unknown shaft at 11m and was
abandoned. Samples selected were assayed for tungsten, tin and molybdenum.
To view the "Burnt Hill Collar Location Plan", please visit the following link:
http://media3.marketwire.com/docs/CDCFigure_859828.pdf.
Drill Hole Highlights
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From To Length
Hole # (m) (m) (m) W% Sn% Mo%
BH-11-01 40.83 41.35 0.52 2.81
BH-11-01 101.12 101.9 0.78 0.19
BH-11-01 146 147 1 0.31
BH-11-01 176 179.6 3.6 0.19
BH-11-01 235.87 236.67 0.8 0.16 0.97 0.14
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BH-11-02 15 16 1 0.15
BH-11-02 20 23 3 0.11
BH-11-02 33 34 1 0.15
BH-11-02 36 37 1 0.11
BH-11-02 42 43 1 0.14
BH-11-02 42 45 3 0.18
BH-11-02 71 71.84 0.84 0.32
BH-11-02 126 127 1 0.10
BH-11-02 148 150 2 0.35
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BH-11-03 61 62 1 0.13 0.13
BH-11-03 62 63 1 0.49
BH-11-03 85 86 1 0.16
BH-11-03 92 93 1 0.11
BH-11-03 105.9 107 1.1 0.44 1.87 0.17
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BH-11-04A 8 9 1 0.18
BH-11-04A 14 15 1 0.45
BH-11-04A 15 16 1 0.11 0.34
BH-11-04A 20 22 2 0.54
BH-11-04A 48 49 1 0.37
BH-11-04B 4 5 1 0.27
BH-11-04B 9 12 3 0.26
BH-11-04B 17 18 1 0.52
BH-11-04B 21 22 1 0.73
BH-11-04B 27 28 1 0.99 0.07
BH-11-04B 48 49 1 0.22
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BH-11-05 15 16 1 0.26
BH-11-05 30 31 1 0.13
BH-11-05 41 42 1 0.11
BH-11-05 50 53 3 0.25
BH-11-05 61 62 1 0.82
BH-11-05 70 71 1 0.23
BH-11-05 95 96 1 0.28
BH-11-05 102 104 2 0.39
BH-11-05 106 107 1 0.17
BH-11-05 116 117 1 0.14
BH-11-05 139 140 1 0.22 0.07
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BH-11-06 74.00 75.00 1 0.166 0.35
BH-11-06 98.00 99.00 1 0.37
BH-11-06 140.00 141.00 1 0.123
BH-11-06 184.00 185.00 1 1.63
BH-11-06 230.00 231.00 1 0.122
BH-11-06 235.00 236.00 1 0.103
BH-11-06 245.00 246.00 1 0.132
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BH-11-08 56.00 57.00 1 0.148
BH-11-08 65.00 66.00 1 0.899
BH-11-08 67.00 68.00 1 0.133
BH-11-08 69.00 70.00 1 0.764
BH-11-08 106.00 107.00 1 0.118
BH-11-08 132.00 133.56 1.56 0.103
BH-11-08 143.00 144.00 1 0.358
BH-11-08 147.00 148.00 1 0.144
BH-11-08 152.00 153.00 1 0.134
BH-11-08 168.00 169.00 1 0.207
BH-11-08 184.00 185.00 1 0.178
BH-11-08 193.00 194.00 1 0.267
BH-11-08 199.00 200.00 1 0.118
BH-11-08 216.00 217.00 1 0.137
BH-11-08 224.00 225.00 1 0.12
BH-11-08 233.00 234.00 1 0.13
BH-11-08 235.00 236.00 1 0.14
BH-11-08 279.00 280.00 1 0.1
BH-11-08 281.00 282.00 1 0.23
BH-11-08 284.00 285.00 1 0.14
BH-11-08 288.00 289.53 1.53 0.19
BH-11-08 289.53 291.00 1.47 0.10
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BH-11-09 47.00 48.00 1 0.369
BH-11-09 101.00 102.00 1 0.147 0.0535
BH-11-09 172.00 173.00 1 0.388
BH-11-09 178.00 179.28 1.28 0.0696
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BH-11-10 26.00 27.00 1 0.0479
BH-11-10 28.00 29.66 1.66 0.346
BH-11-10 43.00 44.00 1 0.183
BH-11-10 56.00 57.00 1 0.107
BH-11-10 195.00 196.00 1 0.15 0.0121
BH-11-10 216.00 218.00 2 0.516 0.0729
BH-11-10 251.00 252.00 1 0.28
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Assay results detailed above represent notable values of specific elements above
a cut-off grade of 0.1% W, 0.02% M and 0.03% Sn, lack of a result in a field
does not mean no assay value was received, it simply isn't highlighted. Samples
were selected in the field from drillcore, the drillcore was sawn in half, with
one half bagged, tagged and security sealed in the field under the supervision
of a qualified person. The sealed samples were delivered by hand to Activation
Laboratories in Fredericton, an ISO Accredited facility, where they were prepped
and assayed.
Brian H. Newton of Billiken Management Services Inc. supervised the exploration
program and the assaying, and reviewed and approved the technical disclosure in
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, Cadillac also holds a 51% interest (with a right to increase to a
65% 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Cadillac Ventures Inc.
Norman Brewster
President and Chief Executive Officer
416 203-7722
www.cadillacventures.com
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