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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 extends mineralization at Thierry to the east, remains open
Cadillac Ventures (CVE:CDC) reported Wednesday the remaining results from the eastern strike of its Thierry copper Mine project in northwestern Ontario, revealing that mineralization was expanded and remains open.
The news follows the company's announcement in March that it extended mineralization on the western strike of the deposit, which also remains open.
"We are pleased with the positive results we continue to receive from this project," said president and CEO Norman Brewster.
"The recently completed exploration plan update, which identified additional potential tonnes resultant from the first 3 deep drillholes at Thierry, did not contemplate the impact of the significant success we have had extending the mineralization to the east of the known deposit."
Highlights of the results from the east section reported today include 12 feet at 0.29% copper in hole CV 11-14; 6.5 feet at 0.59% copper in CV 11-15, including 2.5 feet at 0.81% copper; and 13 feet at 0.63% copper in hole CV 11-16, including 4.5 feet at 0.81% copper.
The holes, which will be included in an updated resource report in the summer, were drilled in February as part of the 2011 shallow drilling program, designed to extend mineralization to the east.
Currently, Thierry has a measured and indicated mineral resource of 6.2 million tonnes at a grade of 1.92% Cu, and an additional inferred resource of 8.4 million tonnes at a grade of 1.79% Cu.
The Thierry mine was last in operation under UMEX in the early 1980s, leaving significant underground development in place. Since re-acquiring the project, Cadillac has been focusing on adding to the resource in the immediate area of the mine by deep drilling a gap in the current deposit model, referred to as the tooth target area.
