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As of 1:47 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

cavan ventures inc (CVN) Snapshot

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07/29/13 - C$0.07
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Market Cap
2.7M
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167.3K
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Shares Outstanding
67.9M
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cavan ventures inc (CVN) Details

Cavan Ventures Inc., a junior mining company, engages in the acquisition and exploration of mineral properties in North America. The company explores for graphite, gold, and rare earth deposits. It owns interests in various properties located in Quebec, Saskatchewan, and Ontario Canada. The company was incorporated in 2006 and is based in Vancouver, Canada.

Founded in 2006

cavan ventures inc (CVN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

cavan ventures inc (CVN) Key Developments

Cavan Ventures Inc. Receives New Calculation of Average Grades on its Buckingham Graphite Property

Cavan Ventures Inc. announced it has received from its geological team a new calculation of the average grades obtained from the assay results of a stripping and channel sampling program executed at the end of May 2014 on its prospective Buckingham graphite property. Trench 22C was dug over an outcrop which previously returned 22% organic Carbon. Overburden was removed over 24 metres in a northwest direction, with a second trench cut at its southeast end for 20.5 metres. Graphite-rich bands were exposed in both excavations and sampled with a rock saw. Trench 22C returned 21.6 % organic C over 14.5 metres in its NW part and 16.8% org C over 3.9 metres in its SE part. The mineralization is open to the NW and extends under a small creek and for few additional meters to the SE. Based on all assays obtained on the NW branch, the geologists' calculation gives a grade of 20.5 org C over 21 metres. The mineralized zone is still open on the NW and SE sides. The SW branch returned 17.8 % org C over 5.5 metres and two additional channel samples on the southwest extension returned respectively 1.21 % org C and 1.57% org C over 1.25 metres each. The calculation of composite samples for this branch now gives 15.55 % org C over 19.50 metres, including one short channel sample (0.50 metre long) which retuned 19.5% org C, two other samples which gave respectively 17.9 % and 4.53% org C over 1.25 metres each and the third channel returned 22.8% org C over 5.4 metres. These excellent results confirm the economic potential of the Buckingham property and encourage the company to undertake the second phase of its exploration program which will comprise the investigation at depth by diamond drilling of what was found on surface.

Cavan Receives Positive Trenching Assays at Buckingham Graphite Property, Quebec

Cavan Ventures Inc. announced exceptional assays for graphite-rich zones as a result of trenching on its 100%-owned Buckingham graphite property, located adjacent to the historic Walker Graphite Mine in Buckingham Township, Quebec. Graphite-rich zones were channel-sampled from four trenches, with results returning up to 17.8% C(org) (Organic Carbone) over 5.5 meters, 8.20% C(org) over 4.75 meters, 12.10% C(org) over 4.0 meters and 12.3% C(org) over 3.5 meters. In May, the Company engaged Magnor Exploration Inc. (La Baie, QC) to conduct an exploration work program, which included ground-based geophysics that was used to resolve airborne EM anomalies identified last year. With the help of a hydraulic shovel, 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 trenches and channel-sampled with a rock saw over lengths from 0.50-1.25 meters and widths at 11.5 centimeters. In the southwest trenches, the sample returned 17.8% C(org) over 5.5 meters with two additional samples returning 1.21 % C(org) and 1.57% C(org) over 1.25 meters each. On the northeast trenches, a channel sample 0.50 meters in length returned 19.5% C(org), two additional samples assayed at 17.9% and 4.53% C(org) over 1.25 meters each, with a fourth channel returning 22.8% C(org) over 5.4 meters. The second trench is located 80 meters west-southwest of Trench 22C, and oriented in a west-northwest direction. The trench has an angle of about 35deg with the EM conductor axis and the stratigraphy. The excavation exposed visible graphite that was channel-sampled over 25.6 meters at 1.25 meter intervals, with individual intervals ranging from 0.35% C(org) to 16.7% C(org). The central part of the trench was not sampled but showed large disseminated graphite flakes. The high results from west to east are 8.20% C(org) over 4.75 meters, 12.10% C(org) over 4.0 meters and 12.3% C(org) over 3.5 meters. This mineralization is open to the west with the EM conductor also becoming much stronger to the southwest. A new graphite zone was also discovered roughly 150 meters northeast of Trench 22C, where granitic-pegmatitic rocks contain graphite-rich veins. A grab sample of one 5cm-thick vein returned 86.5% C(org) with flakes over 5mm in diameter.

Cavan Ventures Inc. Auditor Raises 'Going Concern' Doubt

Cavan Ventures Inc. filed its Annual on Jun 30, 2014 for the period ending Feb 28, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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