Cap-Ex Ventures (TSXV:CEV,OTCQX:CPXVF,FWB:XOV) announced that all eight holes drilled intersected iron mineralization, upon receiving the third set of assay results from its on-going drill program within the Greenbush Zone on its wholly-owned Block 103 Property in western Labrador.
As quoted in the press release:
All eight holes drilled to date on this third, approximately 1,700 metre long drill line (Section 8800N), intersected iron mineralization. Intervals ranged up to 291 metres in thickness with total iron content ranging from 27.7% to 30.7%. Five of the eight holes ended in iron mineralization. This third drill line trends northeast/southwest and is located parallel to and 600 metres south of the second drill line (Section 9400N).
Cap-Ex President and CEO Francois Laurin said:
We are very pleased with this third set of assay results, as they continue to demonstrate substantial thickness and consistent grade as the drill program progresses to the south and north, expanding the zone of mineralization,”