Cap-Ex Ventures Ltd.: High Grade Iron Results Confirm Strike Extension to Northwest Zone
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/30/11 -- Cap-Ex Ventures Ltd. (TSX VENTURE: CEV)(OTCQX: CPXVF)(FRANKFURT: X0V) ("Cap-Ex" or the "Company") is pleased to announce the results from 2 more drill holes completed on the newly discovered Northwest Zone located on the Company's wholly owned Block 103 iron ore property, 30 kilometres northwest of the mining town of Schefferville, Quebec. The new zone is located approximately 3 kilometres west of the Green Bush Zone, in the northwest portion of Block 103 where the Company has recently announced several positive drill hole results indicating the presence of significant magnetite mineralization. The geology of the Northwest zone is very simple, forming a single horizon that strikes NW-SE and dips very gently (0-10 degrees) to the northeast.
The Northwest Zone was tested by 6 diamond drill holes over 5.3 kilometres of strike length. To date, results have been received for 3 holes with the results for drill hole DDH103-11 having been disseminated by the Company on November 8, 2011. Drill hole DDH103-13 drilled 680 metres south of drill hole DDH103-11 intersected 90.63 metres (true thickness) averaging 32% iron (Fe) and 31.62% DTWR. Hole DDH103-15 drilled 1,150 metres southeast of DDH103-11 intersected 88.91 metres (true thickness) averaging 31.1% Fe and 27.53% DTWR. (Refer to Figure 1 attached which can also be found on the company website at )
The full results from 3 holes released to date are shown in the table below.
Brett Matich, President and CEO of Cap-Ex comments, "The positive results from the drilling at the Northwest Zone are very encouraging, complementing our original Greenbush Zone discovery from the 2011 drill program and all contained within our 100% owned Block 103 property."
The samples from drilling were processed and assayed by SGS Canada Lab based in Lakefield, ON. The samples were assayed using XRF, Satmagan and Davis tube techniques.
Alex Walus, PGeo., a qualified person pursuant to National Instrument 43-101, has reviewed and approved the contents of this news release.
For additional information please visit the Company's website at . You may also email or call investor relations at (604) 669-2279.
CAP-EX VENTURES LTD.
Brett Matich, President and CEO
"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Contacts:
Cap-Ex Ventures Ltd.
Investor Relations
(604) 669-2279
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Datum: 30.11.2011 - 07:00 Uhr
Sprache: Deutsch
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