Cavan Ventures Inc. (CVN.V) has completed a first phase ground program on its 100% owned Pythonga rare earth property located in Quebec.
The program, completed in Q4 2012, consisted of channel sampling, limited line cutting, limited radiometric survey, surface delimiting for future stripping and prospecting under the guidance of C.D.G.C. inc. from St-Lazare, Qc.. A total of 42 samples has been sent to ALS Minerals lab located in North Vancouver, BC. and the Company is awaiting results.
A second phase program, with objectives to locate and define drill targets for 2013, will be based on results received from phase one and continued investigation of previous workings on the property.
"We are extremely encouraged from what we have seen so far and based on previous results and look forward to an exciting 2013!" states Peter Swistak, President of Cavan.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
