Cavan Achieves up to 96.1% Total Carbon in Large Flake Fractions at Buckingham
VANCOUVER, BC--(Marketwired - June 11, 2015) - Cavan Ventures Inc. ("Cavan" or the "Company") (TSX VENTURE: CVN) is pleased to announce purity results of up to 96.1% total carbon (Ct) in large flake fractions from an initial beneficiation test carried out on its 100% owned Buckingham Graphite Property.
The following results were returned from detailed size fraction assays of the combined flotation concentrate recovered from a 20.7 kilogram sample taken from Trench 22C on the Company's Buckingham Graphite Property (Cavan PR dated May 28th, 2015). The results were obtained from the first flotation test on the property, without any chemical treatment such as alkaline roast or acid leach.
The sample returned an overall combined flotation concentrate purity of 94.8% Ct (total carbon), a high value exceeding the 94% threshold generally considered to be high carbon content. The four largest-flake size fractions, representing 32.0% (by weight) of the combined graphite concentrate, assayed equivalent to or above the overall average and are shown in the following table:
Selected Assay Results -- First Flotation Test:
| Particle Size (Mesh) | Yield (% of concentrate mass) | Assay (% Ct) |
| +28 mesh | 2.3 | 96.1 |
| +35 mesh | 3.0 | 95.9 |
| +48 mesh | 7.6 | 95.3 |
| +65 mesh | 19.1 | 94.8 |
Results were obtained in a single flotation test without process optimization. A full process development study including grinding and flotation optimization is anticipated to return higher flotation concentrate recoveries and grades, thus reducing the operating cost of a downstream purification process.
President and CEO, Peter Swistak states, "These results affirm the status of Cavan's Buckingham Property as a formidable asset, with our large-flake graphite exceeding the 94% threshold considered to be high carbon content. We continue to move forward at Buckingham, with our immediate priority now set to test the extent of mineralization on the property."
All carbon analyses were performed by SGS Canada Inc. (Lakefield) and are reported as graphitic carbon Cg employing a LECO SC-632 instrument.
Please see: http://www.caribouking.com/index.php?page=buckingham for maps and more information.
The technical contents of this release were approved by Mr. Case Lewis, P.Geo., and a Qualified Person as defined by National Instrument 43-101.
About Cavan Ventures
Cavan's Buckingham property consists of 24 claims located in Ranges VIII and IX, Buckingham Township, Quebec and covers an area of 1,682.8 hectares (4,157 acres). Cavan's Buckingham property is 1.7 kilometers north of the historic producing Walker graphite mine and covers the northern extension of a graphite zone on Caribou's Buckingham property. A helicopter-borne magnetic and time-domain electromagnetic survey confirmed a historic conductor, and further resolved a second parallel conductor to a length of 300 meters (see news release September 24, 2013). Two airborne geophysics programs were performed showing massive anomalies plus six graphite-rich zones in trenches on the claims followed up on these airborne anomalies. Assays from the channel sample and trenching program returned 15.55 % org C over 19.50 metres and as high as 22.8% org C over 5.4 metres, respectively.
On Behalf of the Board of Directors
CAVAN VENTURES INC.
"Peter P. Swistak"
President
"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."
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
Contact
Contact Information
E-mail inquiries: info@cavanventuresinc.com
Website: www.cavanventuresinc.com
Phone: (604) 683-3995