Posted in | Iron Ore | Mining Business

Cap-Ex Ventures Pronounces Primary Drilling Results from Block 103 Property

Cap-Ex Ventures has reported the preliminary drilling results from its Block 103 property and has identified a fresh high-grade magnetite zone at the Green Bush Lake’s east side. The property includes around 7,000 ha of land present in the Labrador trough, Quebec.

The company has conducted an aerial geophysics program at the Block 103 property and has discovered several magnetic anomalies, which proposes the presence of high magnetite concentrations at the property. 10 drill holes, which have 500 m of spacing, have examined the Green Bush zone that has a strike length of more than 3.5 km and at least 1 km of thickness.

Cap-Ex has obtained the results of seven assay holes at the property, wherein three holes examined further targets at the property’s south end and four holes analyzed the Green Bush zone. It has not encountered any major results from the holes DDH103-2, DDH103-21 and DDH 103-26.

Preliminary drill hole results of the Green Bush Zone show the high grade magnetite zone, which go beyond the adjacent KeMag and LabMag deposits. Cap-Ex has cut 31.30% DTWR over 159.9 m in the hole DDH103-23.

The assays from the southwest and northwest zones and from the additional holes at the Green Bush zone are pending. Cap-Ex has planned to extend and outline the size of this Green Bush zone.

Cap-Ex is continuing the dialogue with Uaashat mak Mani-Utenam or ITUM and it will announce the development once a deal is inked between ITUM and Cap-Ex.

Source: http://www.cap-ex.ca/

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, content production, design, animation, database and networking, software, and editing. Joel has been with AZoNetwork since its inception in 2000.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, February 18). Cap-Ex Ventures Pronounces Primary Drilling Results from Block 103 Property. AZoMining. Retrieved on December 04, 2020 from https://www.azomining.com/News.aspx?newsID=4958.

  • MLA

    Scanlon, Joel. "Cap-Ex Ventures Pronounces Primary Drilling Results from Block 103 Property". AZoMining. 04 December 2020. <https://www.azomining.com/News.aspx?newsID=4958>.

  • Chicago

    Scanlon, Joel. "Cap-Ex Ventures Pronounces Primary Drilling Results from Block 103 Property". AZoMining. https://www.azomining.com/News.aspx?newsID=4958. (accessed December 04, 2020).

  • Harvard

    Scanlon, Joel. 2019. Cap-Ex Ventures Pronounces Primary Drilling Results from Block 103 Property. AZoMining, viewed 04 December 2020, https://www.azomining.com/News.aspx?newsID=4958.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit