Cap-Ex Chairman Operations Brian Penney on Quebec iron assays

Cap-Ex Ventures Ltd TSXV:CEV announced assays from the Northwest zone of its Block 103 iron property in Quebec. Results include

30.6% iron over 148.4 metres
31% iron over 118.9 metres
31.5% iron over 91.4 metres

Chairman of Operations Brian Penney tells ResourceClips.com, “I’ve seen enough iron ore to know that there’s plenty there in Block 103. Block 103 is sandwiched between two of the bigger resources in the Schefferville area, belonging to New Millennium TSX:NML. It’s south of the KeMag deposit which is 3.5 billion tonnes, and north and slightly east of the LabMag deposit, which is 5.7 billion tonnes. New Millennium seems to think there’s a mineralization zone extending between KeMag and LabMag, and if so—and this is supported by our drill holes in the area as well—it will run right through Block 103.

Read the rest of this interview.