Cadillac completes Thierry Mine "tooth" drilling program
Cadillac Ventures (CVE:CDC) announced Thursday its successful completion of the "tooth target" infill drilling program at its Thierry Mine complex in northwestern Ontario.
The Thierry mine was last in operation under UMEX in the early 1980s, leaving significant underground development in place. Since re-acquiring the project, Cadillac has been focused on adding to the resource in the immediate area of the mine by drilling a gap in the current deposit model, referred to as the tooth target area.
The Toronto, Ontario-based company successfully finished drilling the final hole of the program, CV-11-05, last week.
Cadillac encountered a mineralized zone begining at 3,878 feet and continuing to 3,899.7 feet, for a total area of 21.4 feet. Samples from the area have been selected and submitted for testing, with results expected as soon as they become available.
The Thierry Mine is mainly a copper resource, but also includes nickel, silver, gold, platinum and palladium deposits. The tooth infill drilling program began in the fall of 2010, and consisted of six holes, with 22,367 feet of drilling.
The results of the tooth program will form the basis of an updated NI 43-101 compliant resource for the Thierry MIne project, the company said.
Currently, Thierry has a measured and indicated mineral resource of 6.2 million tonnes at a grade of 1.92% Cu, and an additional inferred resource of 8.4 million tonnes at a grade of 1.79% Cu.
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