Cavan Ventures Official Profile

CAVAN VENTURES INC.

 

ABOUT THE COMPANY

Cavan Ventures Inc. (TSX.V) is a Vancouver based junior resources exploration company actively searching for quality assets to add to its resources portfolio. The Company has existing two gold exploration projects in B.C., and is currently planning for its 2010 exploration program on its KM Property in Kisgegas, British Columbia.

On May 10, 2006, the Company made a significant acquisition by entering into 100% option agreement in the Kaslo Property in British Columbia. The mineral zones found on the Kaslo Property have been generally classified as polymetallic Ag-Pb_Zn +/- Cu, Au veins.  The 2006 rock-sampling program on the Kaslo Property has determined the presence of strongly anomalous to ore-grade levels of gold.   The Company has completed its June 2008 exploration program on the Kaslo Property.  Since then, Cavan has fulfilled all its obligations on its option agreement with the vendor of the Kaslo Property, and completed the transfer 100% ownership of Kaslo property title under Cavan.

On February 11, 2008, the Company also acquired 100% option claims of the Kisgegas-KM Property from Cadre Capital Inc

In 2009, Cavan has completed the first phase of the exploration program on the KM Property.  The 2009 exploration program consisted of duplicate sampling of previously identified areas of interest, geological mapping, prospecting, silt sampling, and rock sampling in the areas to the north, west, and east of the previously identified mineralized zone.  The program successfully extended the area of interest approximately 2 kilometers in all directions. In total, 33 rock samples, 14 silt samples, and 4 test-soil samples were taken during the course of the program.  The company has acquired additional claims to cover newly discovered areas of mineralization and favourable geology.

In 2009, prospecting and rock sampling were carried out over a 4 sq. km area. This work resulted in the discovery of several new high-grade zones. Select results are summarized in the following table:

Sample	Width (cm)	Au ppb	Ag ppm	Cu ppm	Pb ppm	Zn ppm
441036	110	798.9	>100.0	>10000.0	>10000.0	>10000
441037	200	1529.6	66.5	2773.4	>10000.0	3647
441039	grab	39.9	>100.0	5296.9	6646.4	6680
441051	10	282.7	>100.0	398.2	>10000.0	4662
441052	5	1763.8	>100.0	513.1	>10000.0	>10000
441054	18	1256.9	17.5	121.7	64.9	49
441055	10	217.8	>100.0	4029	>10000.0	>10000
441056	10	750.8	3.3	9.6	586.7	181
441058	10	681.7	>100.0	>10000.0	>10000.0	>10000
441069	3	163.5	59.4	3871	6866.7	40
441076	5	848.8	>100.0	335.1	>10000.0	7824
441081	15	1557.5	56.2	5740.6	60.4	14
441085	20	10284.4	>100.0	>10000.0	1061.6	1540
441090	3	2845.5	55.9	352.6	>10000.0	1527

On the KM property, pyrite +/- pyrrhotite in shales can reach to 20% in hand specimens. The sulphides contained within the sediments can occur as fine-grained stringers parallel to bedding, fracture infills at angles to bedding, very fine-grained disseminations in shales, or podiform lenses which trace metamorphic planes. Iron-sulphides in sediments are common throughout the property and are considered formational and are without associated sulphides.

Microgranodiorite sill-like intrusives are host to quartz +/- ankerite veining approaching 5% of the total volume of the host. Veins typically range from 3 to 30 centimetres and can reach up to 1 meter in thickness.  The veins are typically composed of milky quartz +/- coarse-grained ankerite (to 30%) and have to 30% combined blebby, coarse-grained sulphides.  In decreasing order of abundance, veins typically contain blebby galena and pyrite, and lesser chalcopyrite and sphalerite. 

  

Generally, the veins may extend into host rock but were not seen to penetrate to more than 1 metre.  However, in one instance, a 4 centimetre vein continuous over 5 metres occurs parallel to a phyllically-altered microgranodiorite sill, and was observed to extend entirely within the sedimentary host rock.  This mass of parallel quartz veinlets hosts galena and sphalerite in equal proportions to 30% and chalcopyrite to 5%.  Sample #441064 taken at this location assayed 0.23% Cu, >1% Pb, and >1% Zn.

The largest vein found on the property is the Gully Vein which has recently returned assays of 0.798 g/t Au with 97 g/t Ag (441036), and 1.52 g/t Au with 64 g/t Ag (441037).  Samples taken of veins parallel to the Gully Vein on the margin of the dioritic stock returned 1.76 g/t Au with 109 g/t Ag (441052), and 1.25 g/t Au (441054).  Approximately 200 metres northeast of this location, two samples from a previously-unsampled quartz vein at the margin of a Bulkley dike assayed 0.21 g/t Au with over 100 g/t Ag (441055), and 0.75 g/t Au (441056).

The highest assay reported from the property came from a quartz feldspar porphyry showing. A chalcopyrite-rich boulder discovered immediately below a cliff of phyllically-altered sill-like intrusive assayed 10.28 g/t Au, over 100 g/t Ag, and over 2.63% Cu (441085). 

The KM Property has seen limited previous exploration activity.  Based on the results of the 2009 program, the company has planned an aggressive program of geology, prospecting, sampling, trenching, and diamond drilling for the 2010 field season.

SHARE STRUCTURE

Shares in Escrow  - 1,447.504

Shares Outstanding – 14,261,176

Company Statistics
Trading Symbol: CVN - TSX Venture Exchange
52-week price range:			$0.28 - $0.15
Shares Outstanding:			14,261,176
Market Capitalization:			$2,5670,116

CAVAN VENTURES INC. SENIOR MANAGEMENT

President & CEO, Director- Ming Chiang
CFO-         Trevor Sinclair
Director-    Ivan Cheong

Director -    Li Lu

Director-     Peter Cowdery, P. GEO

 

CONTACT INFORMATION

For more information you may contact: Ming Chiang, President & CEO
Cavan Ventures Inc.
Tel: 604-763-7748 (cel) or 604-288-2756 (office)
Web: http://www.cavanventures.com

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