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CVN

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Share Name Share Symbol Market Type
TSXV:CVN TSX Venture Common Stock
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Cavan Acquires Additional Graphite Properties in the Tetepiska Area, Quebec

14/01/2014 12:00pm

Marketwired Canada


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 Gueret 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 Gueret. A map showing the locations of the new claim groups relative to
Lac Gueret 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 Lignees Lake claim group is located about two kilometers east of
Tetepiska-East, and comprises four claims totalling 216.80 hectares (535.70
acres). The Lignees Lake group adjoins the western border of a Mason Graphite
property with a historic graphite assay of 16.73% Cg (Rioux, 2008, Controle
stratigraphique et qualite mineralurgique des gites de graphite des Lacs Gueret
et Guinecourt, Terrane Gagnon, Province de Grenville, UQAM M.Sc., 138p).


The Etages 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 Etages 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 Gueret,
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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cavan Ventures Inc.
Peter P. Swistak
President
1-604-683-3995 or Toll Free: 1-888-945-4770
www.cavanventuresinc.com

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