Cava Resources Expands Land Position in Casa Berardi Region of Quebec
TSX VENTURE: GDBO
Toronto, Ontario--(Newsfile Corp. - September 13, 2016) - Cava Resources Inc. (TSXV: CVA.V) ("Cava") announces that it has expanded its land position by staking additional ground contiguous to its Casa Berardi North Property and its Casa Berardi Cancor Extension Property.
The Company staked an additional 34 cells comprising approximately 1700 hectares adjacent and contiguous to the Casa Berardi North Property to cover favourable geology where numerous drill holes intersected significant Au values in past exploration programs.
In addition, Cava staked another 30 cells comprising approximately 1500 hectares adjacent and contiguous to the Casa Berardi Cancor Extension Property. These cells were staked to cover prospective geology with airborne EM anomalies and strike extensions of mineralization on adjacent Cancor/Iamgold/Vale claims which contain significant gold and base metal values.
Cava intends to carry out up to 4,000 metres of drilling later in the year on these properties as outlined in the press release dated August 16, 2016. In prior years, Cava and its joint venture partner have spent in excess of $1.8 million in exploration on these properties including airborne geophysical survey work, line cutting and 24 drill holes for approximately 4,200 metres.
The Casa Berardi Properties consist of two non contiguous claim groups (the Casa Berardi North and the Casa Berardi Cancor Extension Property) that are located in the Casa Berardi area of northwestern Quebec. The North property is located approximately 10 kms southeast from the Casa Berardi mine which has produced in excess of 1.9 million ounces of gold since it commenced production in 1988.
The properties are located in the Harricana-Turgeon Greenstone Belt in the northwest corner of the Abitibi Subprovince in the province of Quebec. This greenstone belt hosts the Matagami, Selbaie, Joutel and Casa Berardi mining camps in Quebec and the Detour Lake Mine in Ontario.
Gold mineralization on the Casa Berardi North Property was discovered in 1994 over a 600 metre strike length along a major regional fault structure called the "Lac Janelle Fault". Historic drill results included 6.10 gpt gold over 1.5 metres and 2.39 gpt gold over 1.8 metres in hole 94-12.
In 2012, a five hole 727.9 metre diamond drill program was carried out by Cava. The drill program resulted in the discovery of a new gold bearing zone (Conductor 1410 Zone) located 250 metres east and along strike of the historic drilling. Assay results included 5.00 gpt gold over 1.4 metres and 6.11 gpt gold over 1.5 metres in hole CAS-12-05.
The proposed diamond drill program currently being contemplated by Cava will continue to explore the area in and around the historic gold trend, the newly discovered Conductor 1410 Zone, as well as evaluate other airborne conductors identified along the Lac Janelle Fault including an area located 2500 metres to the east of the Conductor 1410 Zone where a single historic drill hole reportedly intersected 2.55 gpt gold over 1.0 metre.
The Casa Berardi Cancor Extension Property is located approximately 15 kilometres to the southwest of the Casa Berardi North claim group and adjoins the Gemini (Cancor Resources Inc, IAMGOLD Corporation) and Turgeon Properties (Cancor Resources Inc, IAMGOLD Corporation, and Vale).
The Company also continues to examine other mineral property prospects both in and outside North America which may represent an opportunity for Cava to acquire an interest in and participate in the development of a significant mineral resource.
Exploration programs on Cava's Quebec Projects are carried out under the supervision of Mr. Mitch Lavery P. Geo.(QC). Mr. Lavery is a qualified person as defined by the National Instrument 43-101.
The TSXV has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release. The TSXV has neither approved nor disapproved the contents of this news release.
All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators