Cavan Acquires Additional Graphite Properties in the Tetepiska Area, Quebec
January 14 2014 - 8:00AM
Marketwired
Cavan Acquires Additional Graphite Properties in the Tetepiska
Area, Quebec
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 14, 2014) -
CAVAN VENTURES INC. (TSX-VENTURE:CVN) ("Cavan" or "the Company") is
pleased to announce the acquisition by staking of four new claim
groups covering a total area of 3,398 hectares (8,395.8 acres) as
part of 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 (Preliminary
Economic Assessment) by Mason Graphite. One of the Company's new
claim groups, the Reconnaissance Lake group, is located only 12
kilometers south of Lac Guéret. A map showing the locations of the
new claim groups relative to Lac Guéret and other claim groups as
described below can be seen at www.cavanventuresinc.com.
The Tetepiska-Portage claim group is contiguous with the
original Tetepiska-East claim group and covers the same
lithologies. As reported previously at Tetepiska-East, three rock
grab samples collected along a 4.25 meter wide east-west oriented
graphite-enriched zone assayed at 55.1%, 48.80%, and 10.45 % Cg
respectively. A channel sample 1.9 meters in length and 5 cm wide
was collected with a diamond grit saw returned an average of 52.65
% Cg, including a 63.50% Cg over 1.0 meters. A second channel
sample 5.6 meters in length and with similar width collected along
the northern limit of the high grade zone returned an average grade
of 12.80% Cg. Both channel samples were collected perpendicular to
the apparent strike of the graphite mineralization (see news
release December 19, 2013).
The Lignées Lake claim group is located about two kilometers
east of Tetepiska-East, and comprises four claims totalling 216.80
hectares (535.70 acres). The Lignées Lake group adjoins the western
border of a Mason Graphite property with a historic graphite assay
of 16.73% Cg (Rioux, 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 Étages Lake claim group totals 17 mining claims covering an
area of 930 hectares (2,298 acres) and is adjacent to the south of
the Mason Graphite Graphi-West and East properties and roughly four
kilometers east of Guinecourt Lake. The Étages group encloses about
50% of a 21 kilometer-long airborne conductor that is on trend with
two historical assays of 14.98% and 16.91% Cg located roughly five
kilometers to the northeast on claims held by Mason Graphite
(see Mason Graphite website: www.masongraphite.com).
The Reconnaissance claim group comprises 32 mining claims
covering an area of 1,325.39 hectares (4,275 acres) and are only 12
kilometers south of Lac Guéret, where Mason Graphite recently
reported measured plus indicated resources of 50 million tonnes at
an average grade of 15.6% Cg and cut-off grade of 5% Cg (Mason
Graphite news release, December 5, 2013). The Reconnaissance
claims are adjacent to Focus Graphite's Graphi-Centre property
where in 2012, Focus reported two graphite assays of 43.0% and
39.2% Cg respectively (see Focus Graphite website:
www.focusgraphite.com).
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. All samples collected on behalf of Cavan at Tetepiska-East
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.
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