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Cavan Identifies 1,300 Meter and 300 Meter Long EM Conductors at Buckingham Graphite Property, Quebec

24/09/2013 3:22pm

Marketwired Canada


CAVAN VENTURES INC. (TSX VENTURE:CVN) ("Cavan" or "the Company") is pleased to
announce that airborne geophysics has identified a 1,300 meter-long conductor on
its 100%-owned Buckingham graphite property in Quebec. The anomaly is oriented
roughly north-south, and is divided by an east-wend trending dyke into a
700-meter long southern segment and 600 meter long northern segment. This
conductor coincides very well with a conductor identified in a 1982 government
survey, and with graphite mineralization previously reported as having up to 11%
C in grab samples. A second significant conductor was also identified that
extends to about 300 m in length, and corresponds to an area where prospecting
by the Company included a grab sample returned 21.70% C from a schistose
paragneiss (see news release, July 8, 2013). West of this smaller conductor,
five significant conductive anomalies or groups of anomalies were detected of
lesser length extents, but with a response that is characteristic of strong
conductors such as graphite or sulfide mineralization. 


These excellent results support the potential of the Buckingham property to host
significant graphite deposits. The Company will shortly undertake a second phase
of exploration that will comprise a surface geophysical survey to resolve the
airborne anomalies, followed by a phase of stripping and trenching and later the
investigation at depth by diamond drilling of what is discovered on surface.


The helicopter-borne survey covered about 50% of the area of the property.
Prospectair (Gatineau, QC) carried out the survey, with Magnor Exploration Inc.
(La Baie, QC) engaged to manage the project. Both high-resolution magnetic and
time-domain electromagnetic ('TDEM') data were collected, for a total of 135
line-kilometers. This cost effective geophysical configuration is particularly
well-adapted for reconnaissance surveys, with the objective of delineating
graphitic conductors to a depth of about 125 meters while maintaining good
spatial resolution.


About the Buckingham Property

The Buckingham property covers an area of 1,682.8 hectares and is located
adjacent to the historic Walker Graphite Mine in Buckingham Township, Quebec.
Grab samples collected from Buckingham by the Company earlier this year have
assayed as high as 21.70 % C from schistose paragneiss mineralized with
disseminated large flakes of graphite (see news release, July 8, 2013). The
Buckingham property is adjacent to, and historically a part of the old Walker
Mine that was worked from the 1860's to 1910. A geophysical survey by the Quebec
Government in the 1980's identified two linear conductors, measuring 200m and
1,000m in length, respectively.


The technical contents of this release were prepared and approved by Dr. C.
Derosier, 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

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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