Cavan Ventures acquires Cage claims in Ontario

Jul 10, 2013

Mr. Peter Swistak reports

CAVAN EXPANDS GRAPHITE PORTFOLIO, ACQUIRES THE CAGE CLAIMS NEXT TO ALBANY GRAPHITE DEPOSIT, ONTARIO

Cavan Ventures Inc. has acquired the Cage claims adjoining the Albany graphite deposit that is presently under advanced exploration by Zenyatta Ventures Ltd. (146 metres of 5.2 per cent graphite, 177 metres of 5.3 per cent graphite, 186 metres of 4.9 per cent graphite and 125 metres of 4.6 per cent graphite, respectively) (see Zenyatta Ventures news release dated July 2, 2013).

The Cage claims are contiguous, covering an area of 768 hectares (1,897 acres) and adjoining the eastern edge of the Albany graphite property. Historic aeromagnetics indicate that a magnetic low is present on the Cage claims, with similar magnetic lows on the eastern portion of the Albany property (Geological Survey of Canada, Limestone Rapids airborne magnetic survey, map 3913G). The magnetic low will be investigated through reconnaissance prospecting and sampling that are planned to take place in the coming weeks.

To earn a 100-per-cent interest in the property, the company will pay $15,000 within 10 days of signing and issue three million shares within 15 days of receiving regulatory approval, subject to the company raising a minimum of $400,000 in a private placement within 60 days.

The technical contents of this release were approved by Dr. Tom McCandless, PGeo, a qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report, and Dr. McCandless has not verified the technical data disclosed in this release.

We seek Safe Harbor.

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