Cadillac Ventures has reported the results of four holes, which were drilled at the K1-1 deposit.
This deposit is situated 3 km to the eastern side of the Thierry Mine deposit, which is on the Thierry project that is outside the Pickle Lake in Ontario. The company has encountered extensive shallow mineralization at all these holes, which includes 0.36% copper over 430 ft in the hole K-11-04.
The company started the drilling program in March 2011 and has drilled 16 holes in total at the K1-1 deposit, which was previously discovered by UMEX. Cadillac has primarily drilled three holes at the deposit to examine the UMEX information. Also, the Company has begun a further 13 drill hole program, which was conducted in May and June, 2011 and planned to authenticate the significant data and assist for an NI 43-101 compliant resource estimation at the K1-1 deposit. Depending on this program results, Cadillac will schedule for an additional definitive drilling program at K1-1.
The company has intercepted huge, shallow lying, low-grade wide mineralization along with local high-grade occurrences in this body, during this drilling program. This drilling has not outlined the extent or the depth of this body. Additionally, the high-grade nickel connected with the coarse pentlandite mineralization was found concurrent with the interpreted N-S trending shear formations. The company has performed inadequate drilling so far to completely outline this mineralization.
The company has cut 0.611% copper and 0.373 nickel on an average over 62 ft section in the former part of the hole K-11-07.