Additional Information
Market: TSX-V
Sector: General Mining
EPIC: CDC
Latest Price: 0.19  (0,00%)
52-week High: 0.25
52-week Low: 0.14
Market Cap: 19.34M
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Cadillac Ventures
www.cadillacventures.com

Exploration activities in Cadillac's property portfolio range from the grass roots stage to resource development projects and are not limited by geographical boundaries. The company holds the right to earn up to 90% interest on 14 separate properties within the prolific Iberian Pyrite Belt of southern Spain and two advanced Canadian projects; the New Alger property which is a gold project in Quebec and Burnt Hill, a tungsten project in New Brunswick.

Cadillac enters shared benefit agreement with Goldcorp over Hydro One transmission in Pickle Lake

8th Sep 2010, 3:34 pm
Cadillac enters shared benefit agreement with Goldcorp over Hydro One transmission in Pickle Lake

Cadillac Ventures  (TSX VENTURE:CDC) has entered into an agreement with Goldcorp Canada to share the future use of the increased capacity of the Hydro One Transmission System in Pickle Lake, Ontario.

Goldcorp will construct, operate and maintain a static synchronous compensator (Statcom) to the Hydro One Transmission System to increase its capacity in order to supply the electrical load of its Musselwhite Mine and related facilities located north of the town of Pickle Lake.

Cadillac will have the right to use up to 50% of the increased capacity and load created by this Statcom project. If Cadillac chooses to use its 50%, it will be obliged to pay Goldcorp its share of the project development and operating costs.

Cadillac is an exploration company that owns the past-producing Thierry Property near Pickle Lake in Northern Ontario, several exploration projects in Spain in joint venture with MATSA and three Canadian exploration projects, located in regions that have been historically active.

The Pickle Lake Gold project held by Cadillac is a land package contiguous to three formerly productive historic gold mines; this project has been joint ventured to Newcastle Minerals.

 

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