CEV

Cap-Ex Ventures Ltd. (TSX VENTURE:CEV)(FRANKFURT:XOV)(OTCQX:CPXVF) ("Cap-Ex" or
the "Company") is pleased to announce that assay results have been received from
the sixth and most northern drill line (Section 10480N) on the Block 103
Property located in Western Labrador. All eight holes intersected iron
mineralization with six of the eight holes ending in iron mineralization.
Intervals ranged up to 201 metres in thickness with total iron content ranging
from 27.3% to 34.7%. This sixth drill line trends northeast/southwest and is
located parallel to and approximately 450 metres north of the first drill line
(Section 10000N). Additional assays are pending.


Highlights of assay results from the sixth drill line include:



----------------------------------------------------------------------------
Hole                                From          To      Length    Total Fe
Number                               (m)         (m)         (m)         (%)
----------------------------------------------------------------------------
DDH103-111                          24.1        30.2         6.1        32.2
----------------------------------------------------------------------------
and                                 82.0       264.9       182.9        29.1
----------------------------------------------------------------------------
including                          222.2       264.9        42.7        31.1
----------------------------------------------------------------------------
DDH103-113(i)                       18.0        24.1         6.1        34.7
----------------------------------------------------------------------------
and                                 78.9       146.0        67.1        31.6
----------------------------------------------------------------------------
including                           97.2       127.7        30.5        32.4
----------------------------------------------------------------------------
and                                170.4       191.7        21.3        32.9
----------------------------------------------------------------------------
and                                280.1       353.3        73.2        28.5
----------------------------------------------------------------------------
including                          280.1       310.6        30.5        30.6
----------------------------------------------------------------------------
DDH103-114(i)                        1.5        48.5        46.9        31.3
----------------------------------------------------------------------------
and                                182.6       341.1       158.5        28.5
----------------------------------------------------------------------------
including                          246.6       277.1        30.5        32.4
----------------------------------------------------------------------------
DDH103-115(i)                        2.7        84.2        81.4        29.1
----------------------------------------------------------------------------
including                            2.7        37.7        34.9        30.6
----------------------------------------------------------------------------
and                                139.9       317.6       177.7        28.9
----------------------------------------------------------------------------
DDH103-137(i)                       11.9       213.1       201.2        29.2
----------------------------------------------------------------------------
including                           27.1        57.0        29.9        33.1
----------------------------------------------------------------------------
and                                286.2       325.8        39.6        30.3
----------------------------------------------------------------------------
DDH103-138(i)                        5.5        75.6        70.1        29.0
----------------------------------------------------------------------------
and                                206.7       319.4       112.8        28.6
----------------------------------------------------------------------------
and                                334.7       343.8         9.1        28.4
----------------------------------------------------------------------------
DDH103-139(i)                        5.8        14.9         9.2        33.1
----------------------------------------------------------------------------
and                                 82.0       119.5        37.6        29.4
----------------------------------------------------------------------------
including                          103.3       118.6        15.2        31.8
----------------------------------------------------------------------------
and                                170.4       342.3       171.9        28.2
----------------------------------------------------------------------------
DDH103-140                          14.9        72.3        57.4        30.9
----------------------------------------------------------------------------
and                                106.4       194.0        87.6        27.3
----------------------------------------------------------------------------
and                                212.1       319.7       107.6        28.4
----------------------------------------------------------------------------
including                          271.0       307.6        36.6        30.4
----------------------------------------------------------------------------
and                                338.0       365.5        27.5        28.4
----------------------------------------------------------------------------
and                                395.9       420.1        24.2        27.8
----------------------------------------------------------------------------
(i)  ended in iron mineralization                                           



Location maps and cross sections are posted on the Cap-Ex website at:
www.cap-ex.ca/projects/block-103.


"It's great to see Block 103 continue to develop with such positive results,"
says Francois Laurin, President and CEO of Cap-Ex. "We have now shifted our
focus to the north and not only have the results continued to demonstrate
consistent thickness and grade, we continue to have multiple holes ending in
mineralization."


Cap-Ex is evaluating the results from the 2012 drill program in order to plan
and budget the next phase of drilling. An initial resource estimate is expected
in Q1 2013 with a Preliminary Economic Assessment expected shortly thereafter.


True widths of the reported intercepts above vary depending on the angle of the
individual drill holes and are estimated to be between 75% 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

Cap-Ex Iron Ore Ltd. (TSXV:CEV)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024

Cap-Ex Iron Ore Ltd. (TSXV:CEV)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024