Cap-Ex Intersects 235 Metres of 29% Iron
12 Settembre 2012 - 12:30PM
Marketwired Canada
Cap-Ex Ventures Ltd (TSX VENTURE:CEV)(OTCQX:CPXVF)(FRANKFURT:X0V) ("Cap-Ex" or
the "Company") is pleased to announce that it has received the second set of
assay results from its on-going drill program within the Greenbush Zone, located
on its wholly-owned Block 103 property in western Labrador. All thirteen holes
drilled on this second, approximately 2,500 metre long drill line (Section
9400N), intersected iron taconite mineralization. Intersected intervals ranged
from 9.2 to 235 metres in thickness with total iron contents ranging from 27.6%
to 32.5%. This second drill line trends northeast/southwest and is located
parallel to and 600 metres south of the first drill line (Section 10000N), assay
results of which were presented in a news release dated August 13, 2012.
Location maps and a cross section are posted on the Cap-Ex website at:
http://www.cap- ex.ca/projects/block-103.
Highlights of assay results from this second drill line include:
----------------------------------------------------
Hole From To Length Total Fe
Number (m) (m) (m) (%)
----------------------------------------------------
DDH103-056 89.3 282.6 193.2 27.6
----------------------------------------------------
including 188.4 215.8 27.4 30.1
----------------------------------------------------
including 249.3 273.7 24.4 30.0
----------------------------------------------------
DDH103-057 16.0 172.2 156.2 27.7
----------------------------------------------------
and 215.8 328.6 112.8 29.3
----------------------------------------------------
DDH103-106 1.8 148.7 146.9 29.4
----------------------------------------------------
and 161.1 292.9 131.8 28.7
----------------------------------------------------
DDH103-107 2.7 145.4 142.7 29.7
----------------------------------------------------
DDH103-133 87.8 255.4 167.6 29.1
----------------------------------------------------
including 106.1 122.6 16.6 31.6
----------------------------------------------------
including 179.2 252.4 73.2 30.7
----------------------------------------------------
DDH103-108 2.1 175.9 173.7 29.1
----------------------------------------------------
including 2.1 20.4 18.3 32.3
----------------------------------------------------
including 90.5 166.8 76.3 30.8
----------------------------------------------------
DDH103-084 8.4 49.4 41.0 30.0
----------------------------------------------------
and 63.4 298.4 235.0 29.0
----------------------------------------------------
including 118.6 136.9 18.3 31.9
----------------------------------------------------
including 264.9 295.4 30.5 32.0
----------------------------------------------------
DDH103-110 63.1 151.5 88.4 29.5
----------------------------------------------------
including 63.1 93.6 30.5 32.2
----------------------------------------------------
and 178.5 206.4 27.9 30.0
----------------------------------------------------
and 230.9 299.5 68.7 30.6
----------------------------------------------------
including 273.4 299.5 26.1 32.5
----------------------------------------------------
"We are extremely pleased with this most recent set of assay results as they
continue to confirm the grades and thicknesses we identified in our first set of
assay results, as well as the results from our preliminary drilling last year,"
stated Francois Laurin, President and CEO of Cap-Ex. "The consistent grades
identified in the assay results received to date, along with the consistently
substantial thicknesses of iron mineralization encountered continue to support
our confidence in the incredible potential of Block 103."
True widths of the reported intercepts above vary depending on the angle of the
individual drill holes and are estimated to be between 70% and 100% of the core
interval as reported. All samples were prepared from split BTW-sized half-core
sections on-site in Labrador. Split drill core samples have been sent to
independent contractor Acme Analytical Laboratories in Vancouver, BC for
analyses. Total iron analysis is performed using X-ray fluorescence (XRF) and
the magnetic component is determined by Satmagan magnetic analysis. FeO
titration analysis permits an estimation of hematite. Standards, blanks, and
duplicate assays are included at regular intervals in each sample batch
submitted from the field as part of an ongoing Quality Assurance/Quality Control
program.
To date, Cap-Ex has four diamond drill rigs operating on the Block 103 property,
which have now completed approximately 18,400 metres of a revised 22,000 metre
drill program. Due to the assay results and the efficiency of the drill crews,
the original budgeted 15,000 metres for this year was significantly increased.
About the Block 103 Project
The Block 103 Iron Ore Project is located in western Labrador and covers roughly
20,000 hectares within the Labrador Trough, approximately 30 km northwest of
Schefferville Quebec. Two distinct zones of magnetite mineralization, the
Greenbush Zone and the Northwest Zone, were identified on the property as a
result of a 6,000 metre drilling campaign conducted in 2011. Mineralization was
consistently encountered at shallow depths with thicknesses of up to 260 metres.
Laboratory analysis of the samples collected during this 2011 program revealed
very consistent grades of mineralization ranging from 28.5% to 34.6 % Total Fe.
Sample processing and assaying in 2011 was executed by SGS Canada Labs in
Lakefield, ON, using XRF, Satmagan and Davis tube techniques.
Qualified Person
Edward Lyons, P. Geo., a consultant to the Company and a Qualified Person as
defined by NI 43-101, has reviewed and approved the technical information
contained in this news release. Mr. Lyons has verified the data disclosed in
this news release, including sampling, analytical and test data underlying the
information disclosed in this news release. Mr. Lyons has verified that the
results were accurate from the official assay certificates provided to Cap-Ex.
About CAP-EX Ventures Ltd.
Cap-Ex Ventures Ltd. is a Canadian listed company, focused on the development of
its Block 103 Iron Ore Project in the Labrador Trough, near the mining town of
Schefferville, Quebec. The Block 103 property is strategically located close to
an existing railway, which can provide a direct link to a shipping port, and is
adjacent to New Millennium Iron Corp-Tata Steel LabMag and KeMag deposits and
the New Millennium-Tata oxide deposits to the east.
For additional information please visit the Company's website at www.cap-ex.ca.
CAP-EX VENTURES LTD.
On behalf of the Board
Francois Laurin, President and CEO
Cautionary Note Regarding Forward-looking Information
This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements with respect to the development
potential of the Company's Block 103 iron ore property, future exploration plans
and the expected timing for completion of an NI 43-101 mineral resource estimate
and a preliminary economic assessment. Generally, forward- looking information
can be identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such forward-looking
information. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not undertake to
update any forward-looking information, except in accordance with applicable
securities laws.
Grafico Azioni Cap-Ex Iron Ore Ltd. (TSXV:CEV)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Cap-Ex Iron Ore Ltd. (TSXV:CEV)
Storico
Da Lug 2023 a Lug 2024
