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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 Receives New Calculation of Average Grades on its Buckingham Graphite Property

17/07/2014 1:00pm

Marketwired Canada


Cavan Ventures Inc. ("Cavan" or the "Company") (TSX VENTURE:CVN) announces it
has received from its geological team a new calculation of the average grades
obtained from the assay results of a stripping and channel sampling program
executed at the end of May 2014 on its prospective Buckingham graphite property.


Trench 22C was dug over an outcrop which previously returned 22% organic Carbon
("organic C"). Overburden was removed over 24 metres in a northwest direction,
with a second trench cut at its southeast end for 20.5 metres. Graphite-rich
bands were exposed in both excavations and sampled with a rock saw.


Trench 22C returned 21.6 % organic C over 14.5 metres in its NW part and 16.8%
org C over 3.9 metres in its SE part. The mineralization is open to the NW and
extends under a small creek and for few additional meters to the SE. Based on
all assays obtained on the NW branch, the geologists' calculation gives a grade
of 20.5 org C over 21 metres. The mineralized zone is still open on the NW and
SE sides.


The SW branch returned 17.8 % org C over 5.5 metres and two additional channel
samples on the southwest extension returned respectively 1.21 % org C and 1.57%
org C over 1.25 metres each. The calculation of composite samples for this
branch now gives 15.55 % org C over 19.50 metres, including one short channel
sample (0.50 metre long) which retuned 19.5% org C, two other samples which gave
respectively 17.9 % and 4.53% org C over 1.25 metres each and the third channel
returned 22.8% org C over 5.4 metres. 


These excellent results confirm the economic potential of the Buckingham
property and encourage the Company to undertake the second phase of its
exploration program which will comprise the investigation at depth by diamond
drilling of what was found on surface.


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.


Graphite assays were obtained at ALS Minerals (North Vancouver, B.C.) using
protocol C-IR06 (Leco method). 


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: Certain statements in this release are
forward-looking statements, which reflect the expectations of management
regarding the Company's plans with respect to its existing graphite interests,
future financings, and the analysis and investigation of the medical marijuana
sphere. Forward-looking statements consist of statements that are not purely
historical, including any statements regarding beliefs, plans, expectations or
intentions regarding the future and statements concerning the anticipated
drilling programs, future financings, and the Company proceeding with any
transactions in the medical marijuana sphere. Such statements are subject to
risks and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the statements. No
assurance can be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the Company will
obtain from them. In particular, the Company cautions that any financings or
potential transactions cannot be predicted with certainty, and there can be no
assurance at this time that all required or desirable approvals and consents to
affect future financings or proposed transactions will be achieved at all. These
forward-looking statements reflect management's current views and are based on
certain expectations and assumptions which may prove to be incorrect. A number
of risks and uncertainties could cause our actual results to differ materially
from those expressed or implied by the forward-looking statements, including
factors beyond the Company's control. These forward-looking statements are made
as of the date of this news release.


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: 
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

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