Cap-Ex Ventures Ltd. (TSXV:CEV,OTCQX:CPXVF) released preliminary metallurgical results on the Block 103 Iron Ore Project in Labrador. The results are based on the northern and eastern sectors of the deposit and represent the first thirty years of operation according to the mine development plan. The filing of the NI 43-101 compliant Preliminary Economic Analysis is planned for the end of June 2013 and will further update these results.
As quoted in the press release:
Based on laboratory test results, metallurgical performance for the operation has been projected as follows:
Magnetite Recovery 93.7% Concentrate Iron Grade 70.0% Concentrate Silica Grade 3.4% Concentrate Liberation Size P100 75µ Ore Hardness
BWi (kWh/t at p80-32um)
Cap-Ex Ventures Ltd. President and CEO, François Laurin said:
We are very pleased with these preliminary metallurgical results as they clearly demonstrate the viability of the product that should be produced from the Block 103 Project. We look forward to including these results into our upcoming PEA, which we expect to have completed by the end of June 2013.