Cavan Graphite Channel Samples Up to 63% Graphite Over One Meter at Tetepiska, Quebec
December 19 2013 - 8:00AM
Marketwired
Cavan Graphite Channel Samples Up to 63% Graphite Over One Meter at
Tetepiska, Quebec
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 19, 2013) -
CAVAN VENTURES INC. (TSX-VENTURE:CVN) ("Cavan" or "the Company") is
pleased to announce preliminary assays from its 100%-owned
Tetepiska graphite property in northeastern Quebec, located 24
kilometers southwest of the Lac Guéret graphite project that is
presently under advanced exploration by Mason Graphite. The results
include rock grab samples with up to 55.1% graphite (Cg) and
channel samples with up to 63.5% Cg over one meter as described
below.
Cavan President Peter Swistak states, "We are extremely pleased
by these excellent results from Tetepiska, the latest acquisition
to our graphite portfolio. We have literally just scratched the
surface at Tetepiska, and we look forward to further exploration
and sampling on the property."
Three rock grab samples were collected from a cliff on the
eastern shore of Tetepiska Lake, along a 4.25 meter wide east-west
oriented graphite-enriched zone where a historical sample had been
collected. The best result from the cliff assays at 55.1% Cg and
confirms the historical sampling result of 58.1% Cg (see news
release, December 4, 2013). Five channel samples were
collected with a diamond grit saw across a mineralized zone in the
western part of an exposed area near the cliff, with the best
returning a weighted average of 52.7% Cg, over 1.9 meters,
including 63.5% Cg over one meter. Two rock grab samples were also
collected near the channel sampling, returning 24.4% and 17.7% Cg.
Highlights of the sampling program are summarized in the table
below.
|
|
|
Rock Grab Sample Results |
|
Channel Sample Results |
Sample No. |
|
Description |
|
%Cg |
|
Sample No. |
|
Channel width, cm |
|
Channel length, m |
|
Ave. %Cg |
265051 |
|
cliff east of lake |
|
55.1 |
|
265062-63 |
|
5 |
|
1.9 |
|
52.7 |
265052 |
|
1.2m south of 265051 |
|
48.8 |
|
|
|
including |
|
1 |
|
63.5 |
265053 |
|
3m east-NE of 265051 |
|
10.5 |
|
265064-69 |
|
5 |
|
5.6 |
|
12.8 |
265054 |
|
near channel sampling |
|
24.4 |
|
265056-59 |
|
5 |
|
3.7 |
|
3.59 |
265055 |
|
near channel sampling |
|
17.7 |
|
265060-61 |
|
5 |
|
1.5 |
|
12 |
|
|
|
Exploration work on the Tetepiska property is conducted by
Magnor Exploration Inc. (Saguenay, QC) on behalf of Cavan Ventures.
All samples were assayed by ALS Minerals (Val d'Or, QC; North
Vancouver, BC) using the ME-MS81 (fusion lithium borate ICP-MS
method) and the C-IR06 (organic carbon) Leco methods.
About the Tetepiska
Graphite Project
The 100%-owned Tetepiska property includes 54 mining claims
covering 2,925.72 hectares. Several gravel roads provide good
access to the eastern part of the property and the western part is
accessible by boat or by road. Graphite was first discovered at
Tetepiska on a small cliff on the eastern shore of Tetepiska Lake,
with a historical grab sample returning 58.1% Cg. Graphite
mineralization in the area is controlled by the Nault Formation,
the equivalent of the Menihek Formation of the Knob Lake Group that
is part of the Grenville Metamorphic Province. The Nault formation
is composed of meta-sedimentary rocks, largely as paragneisses.
Three types of graphite have a particular distribution within the
Nault Formation. A macrocrystalline type is associated with
quartz-feldspar schist, whereas microcrystalline and amorphous
vein-type graphite are found in meta-mudstone (M. Giroux, 2008,
Contrôle stratigraphique et qualité minéralurgique des gîtes de
graphite des Lacs Guérêt et Guinecourt, Terrane Gagnon, Province de
Grenville, UQAM M.Sc., 138p.).
The technical contents of this release were prepared and
approved by Dr. C. Derosier, P. Geo., independent consultant to
Cavan and a qualified person as defined by National Instrument
43-101.
Cavan's mission is to identify, acquire, and advance high
potential mining prospects located in North America for the benefit
of its stakeholders. For more information visit the website at
www.cavanventuresinc.com.
ON BEHALF OF THE BOARD
Peter P. Swistak, President
Forward-Looking Statement:
Some statements in this news release contain forward-looking
information that involves inherent risk and uncertainty affecting
the business of Cavan Ventures Inc. Actual results may differ
materially from those currently anticipated in such statements.
Neither the 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.
Cavan Ventures Inc.Peter P. SwistakPresident1-604-683-3995 or
Toll Free: 1-888-945-4770www.cavanventuresinc.com