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Mining

Cadillac Ventures grows deposit at Thierry Mine

Cadillac Ventures (CVE:CDC) said Tuesday that it has expanded mineralization at its Thierry Mine copper project to the east of the known deposit along strike.

The company said this was seen from three drill holes, which were completed in February as part of the 2011 shallow drilling program.

The announcement follows Cadillac's discovery in March, which extended mineralization on the western strike of the Thierry deposit, located in northwestern Ontario.

Both the east and west sides of mineralization remain open, the company said.

Notable intersections reported today from the east zone include 1.17% copper over 10 feet in hole CV 11-11; and 1.23% copper over 5.8 feet in hole CV-11-13.

"We are very excited by the positive results we continue to receive at this project. Demonstrating additional mineralization to the east of the former Thierry Mine adds additional value to this project," said president and CEO Norman Brewster.

Cadillac's Thierry Mine project has a measured and indicated mineral resource of 6.2 million tonnes at a grade of 1.92% copper, and an additional inferred mineral resource of 8.2 million tonnes at a grade of 1.79% copper.

The resource, located in the Pickle Lake area in Ontario, also includes nickel, silver, gold, platinum and palladium.

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