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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| TSXV:CEV | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0 | - |
Hot Features
Premium
Cap-Ex Ventures Ltd. (TSX VENTURE:CEV)(FRANKFURT:XOV)(OTCQX:CPXVF) ("Cap-Ex" or
the "Company") is pleased to announce that the final set of assay results from
the 2012 drill program have been received on the Block 103 Property located in
Western Labrador. All results will be included in the upcoming resource
estimate, which is scheduled to be released within the next few weeks.
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.
Highlights of assay results include:
---------------------------------------------------------------------------
Hole From To Length Total Fe
Number (m) (m) (m) (%)
---------------------------------------------------------------------------
DDH103-063 42.1 141.4 99.3 28.80
---------------------------------------------------------------------------
and 206.7 319.4 112.7 30.13
---------------------------------------------------------------------------
DDH103-067 1.5 234.9 233.4 30.58
---------------------------------------------------------------------------
including 36.3 51.5 15.2 36.14
---------------------------------------------------------------------------
DDH103-091 4.8 231.3 226.5 29.91
---------------------------------------------------------------------------
including 45.4 66.8 21.4 35.85
---------------------------------------------------------------------------
DDH103-092(i) 2.0 204.2 202.2 29.16
---------------------------------------------------------------------------
including 51.9 79.0 27.1 34.16
---------------------------------------------------------------------------
DDH103-094 2.0 258.8 256.8 28.82
---------------------------------------------------------------------------
DDH103-095(i) 1.8 31.8 30.0 29.40
---------------------------------------------------------------------------
and 73.1 143.0 69.9 27.23
---------------------------------------------------------------------------
and 160.4 303.3 142.9 29.73
---------------------------------------------------------------------------
and 344.8 395.9 51.1 30.50
---------------------------------------------------------------------------
DDH103-096 24.1 42.4 18.3 28.07
---------------------------------------------------------------------------
and 69.8 211.2 141.4 29.11
---------------------------------------------------------------------------
and 258.4 269.2 10.8 31.11
---------------------------------------------------------------------------
and 279.6 341.3 61.7 29.58
---------------------------------------------------------------------------
and 359.5 382.0 22.5 31.12
---------------------------------------------------------------------------
DDH103-097(i) 1.1 94.2 93.1 27.78
---------------------------------------------------------------------------
and 109.4 160.5 51.1 29.07
---------------------------------------------------------------------------
and 188.0 251.2 63.2 28.60
---------------------------------------------------------------------------
and 294.7 305.0 10.3 31.67
---------------------------------------------------------------------------
and 347.2 417.3 70.1 30.96
---------------------------------------------------------------------------
DDH103-098 6.1 85.0 78.9 27.81
---------------------------------------------------------------------------
and 137.8 188.7 50.9 29.95
---------------------------------------------------------------------------
and 201.5 307.5 106.0 27.05
---------------------------------------------------------------------------
and 389.3 402.3 13.0 31.29
---------------------------------------------------------------------------
DDH103-118 57.6 307.5 249.9 29.14
---------------------------------------------------------------------------
DDH103-119(i) 9.0 182.2 173.2 29.09
---------------------------------------------------------------------------
including 24.1 39.3 15.2 33.71
---------------------------------------------------------------------------
DDH103-141(i) 5.4 100.3 94.9 29.33
---------------------------------------------------------------------------
and 194.8 291.3 96.5 28.89
---------------------------------------------------------------------------
and 325.8 368.5 42.7 26.99
---------------------------------------------------------------------------
DDH103-142(i) 20.3 94.2 73.9 29.49
---------------------------------------------------------------------------
and 121.6 138.3 16.7 28.70
---------------------------------------------------------------------------
and 147.0 152.1 5.1 35.46
---------------------------------------------------------------------------
and 200.9 224.5 23.6 30.81
---------------------------------------------------------------------------
and 237.4 316.7 79.3 30.62
---------------------------------------------------------------------------
DDH103-143 60.6 190.2 129.6 28.49
---------------------------------------------------------------------------
and 250.5 392.6 142.1 27.82
---------------------------------------------------------------------------
DDH103-144(i) 5.0 173.0 168.0 29.60
---------------------------------------------------------------------------
and 206.0 221.0 15.0 31.15
---------------------------------------------------------------------------
and 316.0 370.0 54.0 29.50
---------------------------------------------------------------------------
and 456.2 487.0 30.8 28.60
---------------------------------------------------------------------------
DDH103-145 12.4 134.0 121.6 29.53
---------------------------------------------------------------------------
and 149.0 177.0 28.0 29.99
---------------------------------------------------------------------------
and 190.1 224.4 34.3 27.74
---------------------------------------------------------------------------
and 242.8 350.0 107.2 31.21
---------------------------------------------------------------------------
DDH103-146 1.5 42.7 41.2 30.01
---------------------------------------------------------------------------
and 95.0 146.0 51.0 27.23
---------------------------------------------------------------------------
and 185.0 278.7 93.7 28.19
---------------------------------------------------------------------------
including 233.0 239.0 6.0 30.19
---------------------------------------------------------------------------
(i) ended in iron mineralization
Location maps and cross sections are posted on the Cap-Ex website at:
http://www.cap-ex.ca/projects/block-103.
"We are thrilled with the results from our 2012 drill program," says Francois
Laurin, President and CEO of Cap-Ex. "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."
True widths of the reported intercepts above vary depending on the angle of the
individual drill holes and are estimated to be between 65% and 100% of the core
interval as reported. All samples were prepared from split BTW-sized half-core
sections on-site in Labrador. Split drill core samples have been sent to
independent contractor Acme Analytical Laboratories in Vancouver, BC, for
analyses. Total iron analysis is performed using X-ray fluorescence (XRF) and
the magnetic component is determined by Satmagan magnetic analysis. FeO
titration analysis permits an estimation of hematite. Standards, blanks, and
duplicate assays are included at regular intervals in each sample batch
submitted from the field as part of an ongoing Quality Assurance/Quality Control
program.
Qualified Person
Edward Lyons, P.Geo., a consultant to the Company and a Qualified Person as
defined by NI 43-101, has reviewed and approved the technical information
contained in this news release. Mr. Lyons has verified the data disclosed in
this news release, including sampling, analytical and test data underlying the
information disclosed in this news release. Mr. Lyons has verified that the
results were accurate from the official assay certificates provided to Cap-Ex.
About Cap-Ex Ventures Ltd.
Cap-Ex Ventures Ltd. is a Canadian listed company, focused on the development of
its Block 103 Iron Ore Property in the Labrador Trough, near the mining town of
Schefferville, Quebec. The Block 103 property is strategically located close to
an existing railway, which can provide a direct link to a shipping port, and is
adjacent to New Millennium Iron Corp.-Tata Steel LabMag and KeMag deposits and
the New Millennium-Tata oxide deposits to the east.
For additional information please visit the Company's website at www.cap-ex.ca.
CAP-EX VENTURES LTD.
On behalf of the Board
Francois Laurin, President and CEO
Cautionary Note Regarding Forward-looking Information
This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements with respect to the development
potential of the Company's Block 103 iron ore property, future exploration plans
and the expected timing for completion of an NI 43-101 mineral resource estimate
and a preliminary economic assessment. Generally, forward-looking information
can be identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such forward-looking
information. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not undertake to
update any forward-looking information, except in accordance with applicable
securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Cap-Ex Ventures Ltd.
Konstantine Tsakumis
Investor Relations
1-866-683-8030 ext. 232
info@cap-ex.ca
www.cap-ex.ca
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