Cadillac Ventures Inc.: Update on Burnt Hill Property

Cadillac Ventures Inc.: Update on Burnt Hill Property 
TORONTO, ONTARIO -- (Marketwired) -- 05/02/13 -- Cadillac Ventures
Inc. (TSX VENTURE:CDC) ("Cadillac" or the "Company") is pleased to
announce the discovery of polymetallic veining consisting of silver
and copper at the Burnt Hill Property, located in central New
Brunswick. In the Fall 2012, the surface prospecting and exploration
portion of the program led to the discovery of polymetallic
mineralization at the new "Big Bad Wolf" showing and the newly named
"Q60 Hill" showing, which to Cadillac's knowledge is the first
discovery of polymetallic mineralization at Burnt Hill. The discovery
of a polymetallic phase of mineralization at Burnt Hill suggests a
more complex mineralization, with parallels to the mineral systems
found in Cornwall, which exhibit similar setting and age
relationships. 
"Big Bad Wolf" Discovery 
Recent road construction on the property uncovered intact and broken
bedrock, inspection of this fresh rock led to the Big Bad Wolf
discovery adjacent to the road, where quartz bedrock fragments were
observed over a 20 metre section to contain wolframite, magnetite and
magnetite-dominated polymetallic sulphide-oxide agglomerations.
Mineralized quartz veins are observed to be up to 50 cm thick with
veining traceable over 300 metres of strike length hosted within
quartz-porphyritic microgranite. The vein sets have an azmuth of 120
degrees which is the same lineament as the veining at the Burnt Hill
Mine site, located approximately 5 kms due west from this discovery
location. 
Samples obtained in the field did not have visual indication of
either silver, copper or in some instances tungsten, but examination
with a handheld XRF analysis tool evidenced values which prompted the
selection of samples for conventional assaying at a lab. The results
of these samples are given below and include 33.3 g/t Ag in one
sample and 0.24% Cu in another sample. Tungsten and Tin values are
also present. 
Based upon the success of the surface exploration and prospecting at
Big Bad Wolf four 50 metre long trenches intersecting the observed
joints and veins at 90 degrees were dug using an excavator in order
to expose these and any other veins; however the onset of heavy snows
prevented sampling of these trenches. Prior to the cessation of work
coarse wolframite was observed in bedrock during preliminary trench
investigation. 
Cadillac intends to shortly recommence work in the area which will
continue the investigation of the polymetallic discovery at Big Bad
Wolf with the clean out and sampling of the existing trenches plus
excavation of any additional trenches required to prepare drill
targets. 


 
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Sample              Ag g/t      Cu ppm      Zn ppm        Sn %         W %
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590305                 1.4         169          15       0.011        2.92
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590306       less than 0.3          61          24       0.009        1.89
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590307                 6.3        2490         109        0.06       0.077
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590311                 2.6         156          23       0.456       0.026
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590312                33.3         126         133       0.012       0.306
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590317                 4.2         525        1650       0.022       0.001
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590318                 2.1         256         403       0.166        6.99
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"Q60 Hill" Discovery 
One kilometer north of the Big Bad Wolf discovery is Q60 Hill, which
was previously prospected but unnamed until now. This location was
historically recorded as hosting cassiterite and wolframite in float
near the hilltop. In this campaign the hill was visited with samples
obtained from both float and bedrock, with one sample in particular
returning high silver values. This sample was obtained from blowdown,
within the roots of a toppled tree, at the summit of Q60 hill. It is
not definitive that the source for the blowdown sample is local (gold
and silver bearing fragments of drift have been found historically in
a wide area and have been difficult to trace) however the existence
of silver at Big Bad Wolf and in the bedrock sample from Q60 make it
appear likely that the source of the blowdown sample is local. During
the upcoming program the Q60 Hill area will be systematically
prospected and trenched. 


 
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Sample    Sample Description              W %         Ag ppm
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590285    Quartz granite                0.003            2.4
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590286    Blowdown                      0.339           52.8
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590297    Float                         0.279            3.5
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The Burnt Hill property consists of 11,000 hectares and although
historical prospecting activity was carried out during the 1970s work
largely focused on the Burnt Hill mine site. During the 2012 season
Cadillac investigated several independent sites along the Burnt Hill
intrusive with the surrounding county work and immediately within the
intrusive host. 
All of the sites examined showed occurrences of tin and or tungsten
mineralization and warrant further investigation. 
Presently Cadillac is updating the resource model for the Burnt Hill
deposit with results from 16 recent drill holes not previously
included in the existing 43-101 resource. 
Field samples reported on above were selected by hand in the field
based upon the known or suspected (through use of the XRF) presence
of mineralization, and were bagged in the field. A unique tag was
placed in each bag with the sample material and the bags were
individually sealed with cable ties. The sealed bags were packed in
rice bags and transported by program personnel to Activation
Laboratories (Actlabs) of Fredericton, New Brunswick. Samples were
tested by Na2O2 fusion and ICP-MS for tin, tungsten and molybdenum,
as well as the "1F2" ICP package for a wide suite of other elements
and "code-8" four-acid digestion on any overlimit samples. The
sampling program was carried out under the supervision of Brian H.
Newton, P.Geo. 
Brian H. Newton, P.Geo, a qualified person pursuant to the guidelines
laid out in National Instrument 43-101 has reviewed and approved the
technical disclosure in this press release. 
About Cadillac 
Cadillac is a development-focused copper company currently advancing
its 100% owned Thierry Property, near Pickle Lake, Ontario. The
Thierry Property consists of the past producing Thierry Mine and
hosts two NI 43-101 compliant resources: Thierry Mine and K1-1. 
In addition, Cadillac also holds a 51% interest (with a right to
increase to a 65% interest) in the Burnt Hill Project, a historic
tungsten/tin mine taken to test production by Mr. Norman Brewster
P.Geo for Canadian International Paper during the early 1980s.
Cadillac looks forward to resuming the development of this project. 
Neither 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. 
Contacts:
Cadillac Ventures Inc.
Norman Brewster
President and Chief Executive Officer
416 203-7722
www.cadillacventures.com