Cavan Ventures Identifies Several Magnetic Features From Airborne Geophysics Survey on the Company's Cage Graphite Property
September 17 2013 - 8:00AM
Marketwired Canada
Cavan Ventures Inc. (TSX VENTURE:CVN) (the "Company") is pleased to announce
results from an airborne geophysics survey over its CAGE graphite property. The
airborne survey has identified a number of magnetic lows within the property.
The CAGE graphite property is located 36 kilometres west of Hearst, Ontario. The
survey collected both high-resolution magnetic and time-domain electromagnetic
(TDEM) data. The CAGE property is adjacent to Zenyatta Ventures Albany graphite
deposits' eastern boundary and situated approximately 5.5 kilometres from their
east pipe where they have encountered substantial graphite mineralization (refer
to Zenyatta news release July 31, 2013).
The 190 line-kilometre survey carried out by Prospectair of Gatineau, Quebec
indicate a relatively flat Electromagnetic (EM) response as well as several high
and low magnetic features throughout the claim block. A number of magnetic lows
within the Property have been identified for further exploration. One magnetic
low anomaly of significance - also visible on GSC map 3913G - is centered on
claim 4268421 located on the flank of a regional high. This anomaly may indicate
low susceptible material such as graphite at depth. The Company plans to further
follow-up by means of ground geophysical surveys which can detect conductive
material at greater depth, as TDEM response is limited to approximately 100
metres from surface.
"The results of the airborne surveys have outlined potential targets for future
exploration and has significantly enhanced the exploration potential of this
district," said Peter Swistak, President of Cavan Ventures Inc. "We are excited
by these early-stage results and are planning an expanded program of graphite
target evaluation."
About the CAGE Claims
The 100%-held CAGE claims are contiguous and cover an area of 768 hectares
(1,897 acres). The property adjoins the eastern edge of the Albany graphite
deposit that is presently under advanced exploration by Zenyatta Ventures Ltd.
Drilling on an airborne EM conductor by Zenyatta identified an extensive zone of
granitic breccia set in a black matrix containing graphite, including five holes
with 146 metres of 5.2 per cent Cg, 177 m of 5.3 per cent Cg, 186 m of 4.9 per
cent Cg and 125 m of 4.6 per cent Cg, respectively (see Zenyatta Ventures news
releases, Jan. 19 and July 2, 2013). There is no certainty that similar
mineralization will be found on Cavan's property.
The technical contents of this release were approved by Brian F, Docherty P.Geo.
a qualified person as defined by National Instrument 43-101.
Cavan Venture's mission is to identify, acquire, and advance high potential
mining prospects located in North America for the benefit of its stakeholders.
For more information visit the website at www.cavanventuresinc.com.
ON BEHALF OF THE BOARD
Peter P. Swistak, President
Forward-Looking Statement:
Some statements in this news release contain forward-looking information that
involves inherent risk and uncertainty affecting the business of Cavan Ventures
Inc. Actual results may differ materially from those currently anticipated in
such statements. Neither the 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Cavan Ventures Inc.
Peter P. Swistak
President
1-604-683-3995
1-888-945-4770
www.cavanventuresinc.com