Cap-Ex Ventures Ltd. (TSXV:CEV,FWB:X0V,OTCQX:CPXVF) announced that assay results were received from the sixth and most northern drill line on the Block 103 Property. This property is located in Western Labrador.
As quoted in the press release:
All eight holes intersected iron mineralization with six of the eight holes ending in iron mineralization. Intervals ranged up to 201 metres in thickness with total iron content ranging from 27.3% to 34.7%. This sixth drill line trends northeast/southwest and is located parallel to and approximately 450 metres north of the first drill line (Section 10000N). Additional assays are pending.
Cap-Ex Ventures Ltd. President and CEO, Francois Laurin said:
It’s great to see Block 103 continue to develop with such positive results. We have now shifted our focus to the north and not only have the results continued to demonstrate consistent thickness and grade, we continue to have multiple holes ending in mineralization.