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CVN

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Share Name Share Symbol Market Type
TSXV:CVN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Cavan Exposes Six Graphite-Rich Zones in Trenches at Buckingham Graphite Property, Quebec

03/06/2014 1:00pm

Marketwired Canada


CAVAN VENTURES INC. (TSX VENTURE:CVN) ("Cavan" or "the Company") is pleased to
announce it has exposed graphite-rich zones as a result of trenching on its
100%-owned Buckingham graphite property, located adjacent to the historic Walker
Graphite Mine in Buckingham Township, Quebec. Graphite-rich zones were exposed
in six trenches, and channel samples were collected from two trenches over a
combined distance of 59.5 meters. Graphite-rich outcrops at the same location as
one of the trenches assayed at 21.7% C (see news release, July 8, 2013).


Peter Swistak, President of Cavan states, "We are extremely pleased that many of
our airborne EM anomalies identified last year are now confirmed as graphite
mineralization. Our ground geophysics was able to confirm the anomalies in
real-time, which allowed us to quickly expose the mineralization and collect
samples for assay. We anticipate highly positive results and intend to return
for further exploration in the coming weeks."


In May the Company engaged Magnor Exploration Inc. (La Baie, QC) to conduct a
short exploration work program. Ground-based geophysics was used to ground-truth
airborne EM anomalies identified last year (see news release, September 24,
2013) using the PhiSpy portable TDEM system. PhiSpy generates real-time EM
profiles of the area being surveyed, and can detect buried conductors to
approximately 10m depth. Dube & Desaulniers Geoscience (Ottawa, ON) was engaged
to collect 3.3 line-km of survey data over priority airborne EM anomalies using
the PhiSpy system. The real-time interpretation of TDEM data allowed the Company
to execute trenching on several high priority targets.


A total of six trenches ranging from four to 48 meters in length and two meters
in width were completed. Trench 22C was cut for 24 meters in a northwest
direction, with a second perpendicular trench cut at its southeast end for 20.5
meters. Graphite-rich zones were exposed in both directions, and channel samples
were collected over most of both trench lengths for a total of 33.9 meters.
Mineralization at Trench 22C is still open to the north, with some visible
flakes in the trench up to one centimeter in diameter. A rock grab sample
assayed previously from this location returned 21.7% C (see news release, July
8, 2013). Trench #1 was cut in a west-northwest direction, with visible graphite
channel-sampled over 25.6 meters. Because of the rich nature of the
mineralization, these samples and those from Trench 22C were immediately shipped
for assay.


A new graphite zone was also discovered roughly 150 meters east of Trench 22C,
where graphite-rich veinlets in granitic-pegmatitic rocks contain graphite
flakes over 5 mm in diameter. Additionally, an airborne anomaly approximately
400 meters north of the main set of conductors was confirmed by PhiSpy, but the
program ended before this new target could be tested through trenching.


All channel samples were collected over widths of 11.4 cm. Details of the
channel sampling and geology will be provided when assays are received, which
are expected in the next few weeks. Images of the graphite-rich zones can be
seen on the Company website at www.cavanventuresinc.com.


The technical contents of this release were reviewed by 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.


To view the accompany photo associated with this news release, visit the
following link:


http://www.marketwire.com/library/20140602-CVN_GRAPHITE.jpg

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.
1-604-683-3995 or Toll Free: 1-888-945-4770
www.cavanventuresinc.com

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