Cavan Announces Completion of 25 Tonne Bulk Sample
Suite 1240 – 789 W. Pender St., Vancouver, BC V6C 1H2
Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
CAVAN ANNOUNCES COMPLETION OF 25 TONNE BULK SAMPLE
December 19th, 2017, VANCOUVER, B.C. – CAVAN VENTURES INC. (V:CVN.H) (“Cavan” or the
"Company”) ) is pleased to announce that it has completed a 25 tonne bulk sample on its 100% owned
St-Onge Wollastonite Project. The 25 tonne sample comes from the main zone and is l ocated inside the
historic open pit limit where Historical* combined measured and indicated Mineral Resources were of 45.2
MT at 38.19 % Wollastonite using a 30% cut off. The bulk sample was collected by Magnor Exploration
Inc. of Saguenay under the supervision of Christian Tremblay, P.Geo., M.Sc. for mineral characterisation
and metallurgical testing with an objective to produce commercial samples in Cavan's projected global
marketing strategy.
The Historical resources of the property with ancient labelling prior to NI 43-101 combined measured class
I and Class II with the indicated Mineral Resources were of 45.2 MT at 38.19 % Wollastonite using a 30%
cut off on wollastonite. The % wollastonite w as derived from mineral norm constitution based on whole
rock analysis.
The reader is cautioned that the above referenced “Historical Resource” is considered historical
in nature and as such is based on prior data and reports prepared by previous property owners
and the company is not treating the historical estimate as current mineral resources.
The historical mineral resources used in the Feasibility Study in 1994 where prepared by Claude
Duplessis, P.Eng. The report title is: Rapport de l’Analyse de la Distribution Spatiale des
Minéraux du gîte de Wollastonite du Canton St-Onge. Systemes Geostat International Inc.,
produced for Orleans Resources Inc.
The estimation were prepared in conformity with the CIM classification of that time.
The historical mineral resources where derived by estimation of blocks and geostatistics within a
geological enveloped of wollastonite mineralisation prepared by the Sr. geologist of the project.
In order to bring the mineral resources to NI -43-101, a QA/QC and verification of density has to
take place as well as the presentation of a reasonable prospect of economic extraction.
A qualified person has not done sufficient work to classify the historical estimate as current
mineral resources or mineral reserves;
Moreover in orde r to prepare NI 43 -101 the company is also currently working at sorting and labelling
approximately 7,000 meters of mostly NQ with minor BQ size dill core from 81 recovered diamond drill
holes that have been realised in 1992, 1993 and 1994 across the deposit by Orleans Resources, previous
owner of the St-Onge project. The Company is anticipating an independent resampling of some drill core
sections to take place in the first quarter of 2018.
“This is a major step towards our objective to develop and bring up to date our St-Onge Project. It will be
essential to complete our homework in order have a solid base to develop our technico-economical
study and allow us to discuss eventual off take agreements with potential clients, it is a requirement in
the definition of reasonable prospect of economic extraction to seek off take agreement" commented
Peter Swistak, President and CEO Cavan Venture. "
We are targeting to have a mineral resource in the first quarter of 2018 which should enable the
Company to proceed afterward with a preliminary economic study aiming completion for the second
quarter of 2018.
The technical and scientific content of this press release has been reviewed and approved by Claude
Duplessis, P.Eng. Qualified Person under National Instrument 43-101.
ABOUT CAVAN VENTURE
Cavan Venture’s mission is to identify, acquire, and advance high potential mining prospects located in
North America for the benefit of its stakeholders. The Company’s St-Onge Wollastonite property is located
in the Lac -Saint-Jean area in the Province of Quebec. For more information visit the website at
www.cavanventuresinc.com.
ON BEHALF OF THE BOARD
Peter P. Swistak, President
FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: 1-604-683-3995 Toll Free: 1-888-945-
4770
Forward-Looking Statement:
Some statements in this news release contain forward-looking information that involves inherent risk and
uncertainty affecting the business of Cavan Ventures Inc. Actual results may differ materially from those
currently anticipated in such statements. Neither the 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.