Cap-Ex Ventures acquires four iron ore properties in Labrador

Saturday, Feb26, 2011

Vancouver, British Columbia-based Cap-Ex Ventures Ltd., a Canadian resource company focused on exploration and development of iron ore projects in the Labrador Trough, will acquire four new iron ore properties in the Labrador Trough near Schefferville, Quebec (Redmond Properties).

The new acquisition holds strategic high-grade iron ore deposits, and sits directly below Labrador Iron Mines Holdings Ltd., which owns the main Redmond deposits.

Tags: iron ore , raw mat , Canada , North America , M&A , mining, Redmond deposits, Labrador Iron Mines Holdings Ltd, high grade iron ore deposits