Cap-Ex Ventures has reported the drilling results from additional two holes, which were completed at the freshly identified Northwest zone that is situated in the Block 103 iron ore property, Quebec.
The location of the new zone is around 3 km to the western part of the Green Bush zone, which is in the Block 103’s northwest part. The Northwest zone’s geology is very simple that makes a single horizon.
The company examined the northwest zone through six holes drilled over a strike of 5.3 km length. It has obtained the drilling results for three holes, along with the results of the hole DDH103-11. Cap-Ex drilled the hole DDH103-13 for 680 m to the southern part of the drill hole DDH103-11 and encountered 32% iron and 31.62% Davies Tube Weight Recovery (DTWR) over 90.63 m. It also drilled DDH103-15 hole to 1,150 m towards southeast portion of the DDH103-11 and yielded 31.1% iron and 27.53% DTWR over 88.91 m.
Cap-Ex’s CEO and President, Brett Matich, has stated that the company has received encouraging drilling results from the Northwest zone and harmonizes the Greenbush Zone discovery of the 2011 drilling campaign.
SGS Canada Lab in Ontario processed and tested the drill samples. These samples were examined by means of Satmagan, XRF and Davis tube methods.
Source: http://www.cap-ex.ca/