Cavan finds 1,300 m conductor at Buckingham

Sep 24, 2013

CAVAN IDENTIFIES 1,300 METER AND 300 METER LONG EM CONDUCTORS AT BUCKINGHAM GRAPHITE PROPERTY, QUEBEC

Cavan Ventures Inc.’s airborne geophysics have identified a 1,300-metre-long conductor on its 100-per-cent-owned Buckingham graphite property in Quebec. The anomaly is oriented roughly north-south, and is divided by an east-wend-trending dike into a 700-metre-long southern segment and 600-metre-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 per cent carbon 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 per cent 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 sulphide 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 per cent of the area of the property. Prospectair (Gatineau, Que.) carried out the survey, with Magnor Exploration Inc. (La Baie, Que.) engaged to manage the project. Both high-resolution magnetic and time-domain electromagnetic (TDEM) data were collected, for a total of 135 line kilometres. 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 metres while maintaining good spatial resolution.

http://www.cavanventuresinc.com/news.html