Cap-Ex Ventures Ltd. (TSXV:CEV,FWB:XOV,OTCQX:CPXVF) announced the final set of assay results from the Block 103 Property in Western Labrador.
As quoted in the press release:
All remaining holes intersected significant iron mineralization. Intervals ranged up to 256.8 metres in thickness with total iron content ranging from 27.0% to 31.3%. The 2012 drill program covered an area of just over 6 square kilometers, which is 50% more than originally planned.
Cap-Ex Ventures Ltd. President and CEO, Francois Laurin said:
We are thrilled with the results from our 2012 drill program. Not only did we intersect continuous grade and thickness at Block 103, but we covered a significantly larger area than anticipated. We are excited for the release of our maiden resource estimate, which is expected to occur within the next few weeks.