Cap-Ex Ventures (TSXV:CEV,OTCQX:CPXVF,FWB:XOV) reported additional assay results from the fourth and fifth drill lines: all six holes intersected iron mineralization with three of the six holes ending in iron mineralization.
As quoted in the press release:
Intervals ranged up to 251 metres in thickness with total iron content ranging from 27.8% to 34.3%. Both drill lines trend northeast/southwest and are located parallel to and south of the third drill line (Section 8800N). Additional assays are pending.
Cap-Ex President and CEO Francois Laurin said:
This year’s program was a huge success. We have now intersected mineralization over a strike length of approximately 4,000 metres and a width of up to 2,300 metres, with mineralization open not only to the north and south, but to depth as well. This latest set of assay results, from our two most southern drill lines, have continued to exhibit impressive thickness and grade and I expect the same will be true as we now shift our focus to the north.