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Additional Information
Market: TSX-V
Sector: General Mining - Copper
EPIC: CDC
Latest Price: C$0.15  (0,00%)
52-week High: C$0.25
52-week Low: C$0.14
Market Cap: C$18.66M
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Cadillac Ventures
www.cadillacventures.com

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.

Full Cadillac Ventures profile here
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Cadillac Ventures’ Third Hole At San Platon Assays 1.3 g/t Gold and 0.61% Copper over 19 metres

21st Jan 2011, 9:14 am

Cadillac Ventures (TSX-V:CDC) announced today the third hole drilled at the San Platon project in Spain assayed an average of 1.3 g/t gold and 0.61% copper over 19.05 metres.  


The assays also included 1.78 g/t gold and 0.52% copper over 6m, 1.99 g/t gold and 0.27% copper over 1.3 m, and 1.63 g/t gold and 0.65% copper over 1.9m.  


The Toronto-based company said the intersections from the third hole are interpreted to be gold carried in enriched pyrite in a stockwork system, giving additional evidence that the San Platon property is a volcanogenic massive sulphide deposit.


According to a study, the San Platon sulphide deposit was mined for copper, producing 0.9 million megatonnes of ore between 1906 and 1934. But at the time, only copper mineralization was mined, leaving out the polymetallic mineralization, due to a lack of metallurgical treatment capability then.   But treatment technology today allow all metals to be recovered, Cadillac said.


Cadillac also announced that drilling has restarted for 2011 on the San Platon project.


In Spain, the company is joint venture partner with Minas de Aguas Tenidas, S.A.U. regarding the exploration of 12 different investigation licenses surrounding the Aguas Tenidas Mine in the Iberian Pyrite Belt.


 In addition, Cadillac also has interests in the New Alger project, a previously productive gold mine, located outside of Cadillac, Quebec, and the Burnt Hill project, a tungsten tin project outside of Fredericton, New Brunswick.


As of 3:18 pm EST, the company’s shares rallied roughly 6.4% to trade at 25 cents a share.

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