Cap-Ex Ventures Ltd. (TSXV:CEV,OTCQX:CPXVF,FWB:X0V) announced 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.
As quoted in the press release:
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.
Cap-Ex President and CEO Francois Laurin said:
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. 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.