Cavan Completes Geophysics at Cage Graphite Claims, Ontario
August 13, 2013 (Source: Marketwired) — CAVAN VENTURES INC. (TSX VENTURE:CVN) (“Cavan” or “the Company”) is pleased to announce completion of airborne geophysics over its located 36 kilometers west of Hearst, Ontario. Both high-resolution magnetic and time-domain electromagnetic (‘TDEM’) data were collected, for a total of 190 line-kilometers. Prospectair (Gatineau, QC) carried out the survey, with Magnor Exploration Inc. (La Baie, QC) engaged by the Company to manage the project. The magnetic and TDEM data are under review, with results expected in the coming weeks.
About the CAGE Claims
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The 100%-held CAGE claims are contiguous and cover an area of 768 hectares (1,897 acres). The property adjoins the eastern edge of the Albany graphite deposit that is presently under advanced exploration by Zenyatta Ventures Ltd. Drilling on an airborne EM conductor by Zenyatta identified an extensive zone of granitic breccia set in a black matrix containing graphite, including five holes with 146m of 5.2% Cg, 177m of 5.3% Cg, 186m of 4.9% Cg, and 125m of 4.6% Cg, respectively (see Zenyatta Ventures news releases, January 19 and July 2, 2013). There is no certainty that similar mineralization will be found on Cavan’s property.
Cavan Ventures’ 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
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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>