Cadillac Pickle Gold Project Update
06 April 2010 - 10:30PM
Marketwired
Cadillac Ventures Inc. (TSX VENTURE: CDC) ("Cadillac") is pleased
to announce that, in connection with its acquisition of Richview
Resources Inc., Cadillac has obtained a 100% interest in the Pickle
Gold property.
The Pickle Gold property is situated approximately 10 km east of
Cadillac's Thierry property and is located south of and adjoins the
Pickle Crow property of PC Gold Inc., within 100 - 200 metres of
the newly discovered Vein 20 announced by PC Gold on January 21,
2010 intersecting 20.96 g/t gold over 0.5 m at a depth of 125.6 m.
Cadillac's Pickle Gold property encompasses 31 square kilometers
over 21 claims, five of which are joined to PC Gold's property.
The Pickle Gold property lies within the Pickle Lake Greenstone
belt of the Uchi subprovince of the Canadian Shield. The Pickle
Lake mining camp has an extensive geological, exploration and
mining history. Between 1934 and 1996 approximately 2.2 million
ounces of gold were produced from three mines at an average grade
of 12.85 g/t Au. Exploration in the area has been ongoing since.
The Pickle Gold property adjoins the past producing Pickle Crow,
Central Patricia and Dona Lake mine properties. Further information
regarding the location of these claims can be found on Cadillac's
website, www.cadillacventures.com under the project heading Pickle
Gold.
Management of Cadillac is encouraged by the favourable location
of the Pickle Gold property in a very prospective and active gold
camp in Ontario. Cadillac has dispatched contractors to the area to
verify the Pickle Gold project boundaries in relation to the
exploration of PC Gold Inc., and to initiate planning for a Summer
2010 gold exploration drilling program on the Pickle Gold
property.
Brian H. Newton, P.Geo, President of Minroc Management Limited
and a qualified person under National Instrument 43-101, has
reviewed and approved the contents of this press release.
About Cadillac
Cadillac is a development-focused exploration Company which has
the past-producing Thierry Property near Pickle Lake in Northern
Ontario, two Canadian exploration projects, located in regions that
have been historically active, and exploration projects in
Spain.
The New Alger project located outside of Cadillac, Quebec is a
wholly-owned, previously producing gold mine, where the Company has
entered into a joint venture agreement with Renforth Resources Inc.
for a three year $2.5 million exploration program. The Burnt Hill
Project is 51% owned tungsten tin project located outside of
Fredericton, New Brunswick. In Spain, the Company is joint venture
partner with Minas de Aguas Tenidas, S.A.U. regarding the
exploration of a number of high potential properties surrounding
the Aguas Tenidas Mine.
For more information regarding Cadillac, please visit our
website at www.cadillacventures.com.
Forward Looking Statements
This news release may contain certain forward-looking statements
under applicable securities laws. 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.
Forward-looking statements 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 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. Cadillac assumes no obligation to
revise or update these forward-looking statements except as
required by law. All dollar amounts are in Canadian dollars unless
otherwise noted.
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.
Contacts: Cadillac Ventures Inc. Norman Brewster President and
Chief Executive Officer 416 203-7722 www.cadillacventures.com
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