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Exploration activities in Cadillac's property portfolio range from the grass roots stage to resource development projects and are not limited by geographical boundaries. The company holds the right to earn up to 90% interest on 14 separate properties within the prolific Iberian Pyrite Belt of southern Spain and two advanced Canadian projects; the New Alger property which is a gold project in Quebec and Burnt Hill, a tungsten project in New Brunswick.
Cadillac Ventures' first hole at Thierry project in Ontario posts 2.21% copper
Cadillac Ventures (TSX-V: CDC) reported results from its first hole at the Thierry mine project in northwest Ontario on Tuesday, with intersections of 2.21% copper and 0.147% nickel over a distance of 4.24 feet.
The Thierry property encompasses the past producing Thierry Mine, which ceased production in 1982 leaving potentially economic mineralization in situ.
The company said the goal of the current program is to infill drill the area where there is a lack of information in the model at depth.
Hole CV-10-06B, the first hole drilled, intersected 1.043% Cu and 0.047% Ni over 17.27 feet, including 1.26% Cu and 0.065% Ni over 12.27 feet, and 2.21% Cu and 0.147% Ni over 4.24 feet.
This hole has successfully narrowed the information void by encountering mineralization at depth, said Cadillac. Successful completion of the entire program is expected to add tonnage to the deposit.
Currently the drill rig is completing the second hole targeting the void area.
In addition to owning the past-producing Thierry property near Pickle Lake in Ontario, the company also owns several exploration projects in Spain in joint venture with MATSA, and three Canadian exploration projects. One of these projects is the Burnt Hill property, a 51% owned tungsten tin project located outside of Fredericton, New Brunswick.
