Cavan Ventures Inc. (TSXV:CVN) announced the exposure of graphite-rich zones as a result of trenching on its wholly owned Buckingham graphite property, located next to the historic Walker graphite mine in Quebec. Channel samples were collected from two trenches over a combined distance of 59.5 meters, and graphite-rich zones were exposed in six trenches.
As quoted in the press release:
A total of six trenches ranging from four to 48 meters in length and two meters in width were completed. Trench 22C was cut for 24 meters in a northwest direction, with a second perpendicular trench cut at its southeast end for 20.5 meters. Graphite-rich zones were exposed in both directions, and channel samples were collected over most of both trench lengths for a total of 33.9 meters. Mineralization at Trench 22C is still open to the north, with some visible flakes in the trench up to one centimeter in diameter. A rock grab sample assayed previously from this location returned 21.7% C (see news release, July 8, 2013). Trench #1 was cut in a west-northwest direction, with visible graphite channel-sampled over 25.6 meters. Because of the rich nature of the mineralization, these samples and those from Trench 22C were immediately shipped for assay.
Cavan CEO Peter Swistak said:
We are extremely pleased that many of our airborne EM anomalies identified last year are now confirmed as graphite mineralization. Our ground geophysics was able to confirm the anomalies in real-time, which allowed us to quickly expose the mineralization and collect samples for assay. We anticipate highly positive results and intend to return for further exploration in the coming weeks.