|By Marketwired .||
|December 12, 2013 01:38 PM EST||
TORONTO, ONTARIO -- (Marketwired) -- 12/12/13 -- Editor's Note: There is a photo associated with this release.
Cadillac Ventures Inc. (TSX VENTURE: CDC) (OTC: CADIF) ("Cadillac" or the "Company") is pleased to provide the following update on the Burnt Hill Project, specifically Wolf Ridge prospecting, which has successfully expanded the Wolf Ridge showing to extend a minimum of approximately 800m further to the southeast of the Summer 2013 trenching program. In addition, as depicted in the image below, the 2 1/2 Mile Brook area was further explored, as well as a portion of the McLean Brook area.
The findings of the fall prospecting are still awaiting assays and final interpretation, however field results include:
1. prospecting along strike of Wolf Ridge and to the east for a minimum of 800m resulted in findings of med-coarse wolframite and fine cassiterite in vuggy quartz 2. prospecting between 800m to 1500m from the eastern edge of Wolf Ridge, a further extension of the strike extension noted above, joint controlled tin and sulphide mineralization was observed to continue, however the further extension requires additional investigation 3. McLean Brook, which was incorporated into the Wolf Ridge discovery, was further investigated in the valley to the southeast. This area yielded the discovery of impressive scheelite mineralization this fall which requires further investigation 4. Scheelite, previously not observed at Burnt Hill, has now been observed while prospecting at both Lower McLean Brook (see note 3 above), as well as at the north end of 2 1/2 Mile Brook. The occurrence of scheelite in the mineralization system at Wolf Ridge requires further study
Upon receipt of assays from this program, Cadillac will be able to formulate an interpretation of the mineralized system at Wolf Ridge, previously stated to be comparable to the Burnt Hill Mine site in scale and tenor of mineralization.
Norman Brewster, P.Geo, President and CEO of Cadillac stated "The extension of our Wolf Ridge discovery through the Fall 2013 prospecting campaign is very exciting. We will continue to pursue the exploration of this new mineralized system. Within only a few kilometres of the Burnt Hill mine site, Wolf Ridge adds an entirely new facet to the project which we feel will have a significant impact."
In addition, Cadillac is pleased to announce that drilling at the Burnt Hill mine site has recently commenced. This drilling is designed to extend mineralization at the mine site.
To view the image associated with this release, please select the following link: http://www.marketwire.com/library/20131212-cadillac_800.jpg.
Mr. Brian H. Newton P.Geo, a qualified person pursuant to the requirement set out in National Instrument 43-101 has reviewed and approved the technical contents of this press release.
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 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.
Forward Looking Statements
This news release contains forward-looking statements and information under applicable securities laws, including with respect to the impact of Wolf Ridge to the Burnt Hill Project and the extension of mineralization at the Burn Hill mine site. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as 'may', 'will', 'plan', 'expect', 'believe', 'anticipate', 'estimate', 'intend' and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals (including from the TSX Venture Exchange), licences and permits and the availability of financing, as described in more detail in the Company's securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and Cadillac assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
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.
Cadillac Ventures Inc.
President and Chief Executive Officer