Cavan Signs Agreement to Drill at Buckingham Graphite Property, Quebec
August 26, 2014 (Source: Marketwired) — CAVAN VENTURES INC. (TSX VENTURE:CVN) (“Cavan” or “the Company”) is pleased to announce completion of an agreement with Lauzon-Foresterie Inc. (Thurso, QC), authorizing the Company to drill on forested portions of its 100% owned Buckingham graphite property, located adjacent to the historic Walker Graphite Mine in Buckingham Township, Quebec.
In May, Magnor Exploration Inc. (La Baie, QC) was engaged to conduct an exploration work program that included trenching and ground-based geophysics. The trenching was highly successful with composite samples from two trenches returning 20.5% organic carbon (‘Corg’) over 21 meters, and 15.55% Corg over 19.5 meters, respectively (see news release, July 17, 2013). The trenching program confirmed that a number of airborne geophysical anomalies identified in 2013 were graphite mineralization. Ground geophysics that was used to highlight areas for trenching also identified a number of new anomalies that are yet to be tested. The focus of the drilling program will be to test several of these anomalies, as well as to test the down-dip of mineralization exposed through trenching. Under the terms of the agreement, Cavan will reimburse Lauzon-Foresterie for any trees of commercial value that are removed as a consequence of drilling, including placement of the felled trees near roads for later recovery.
Get our daily investorintel update
The technical contents of this release were prepared and approved by Mr. Roger Ouellet, P. Geo. 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
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.