Cap-Ex Ventures Ltd.: Airborne Identifies High Priority DSO Targets at Lac Connelly
June 22 2011 - 9:00AM
Marketwired
Cap-Ex Ventures Ltd. (TSX VENTURE: CEV)(OTCQX: CPXVF)(FRANKFURT:
X0V) ("Cap-Ex" or the "Company") is pleased to announce it has
received and interpreted the preliminary data from the recently
completed Airborne FALCON Gravity Gradiometer and High Sensitivity
Magnetometer survey, conducted by Fugro Airborne Surveys Corp. The
survey was conducted over the Company's wholly owned Lac Connelly
property located in the Labrador Trough.
Geophysical Consultant, Jean Hubert, has completed
interpretation of the preliminary data, which has identified 17
hematite, Direct Shipping Ore ("DSO") and magnetite priority
targets up to five kilometres long and one kilometre wide. For the
most part, the anomalies coincide with the large iron ore
occurrences shown on the geological map prepared by the Government
of Quebec in 1977.
The iron ore occurrences at Lac Connelly are comprised of
hematite and magnetite units. Cap-Ex's drill program will target
the hematite units which can form DSO deposits. The interpretation
reported that the hematite (DSO) could be encountered in all of the
17 targets.
Images of residual gravity and the first vertical derivative
magnetic were used to select these priority targets, applying the
following criteria:
-- All targets fall within the Iron Formation
-- Targets interpreted to be located in synclines are given higher priority
-- Targets that occupy fault positions that may increase mineralized
thickness were prioritized
-- Areas of elevated gravity but low magnetic response indicate DSO targets
-- Coincident magnetite and gravity highs reflect magnetite targets
Cap-Ex is now preparing to go on site at Lac Connelly to map and
delineate these anomalies in preparation for commencement of
drilling.
Edward Kruchkowski, P.Geo., a qualified person pursuant to
National Instrument 43-101 and director of the Company, has
reviewed and approved of the contents of this news release.
For additional information please visit the Company's website at
www.cap-ex.ca.
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
info@cap-ex.ca www.cap-ex.ca
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