Redmond

Location

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The Redmond Claims cover an area of 16,830 hectares, 10km south of Schefferville. The claims include strategic ironstone stratigraphy of the Sokoman Formation and the probable southeast extension of the key stratigraphic horizon that contains the high-grade direct shipping ores (DSO) hosted in the Sokoman Formation. 

Cap-Ex's northern neighbour, Labrador Iron Mines Holdings Ltd., owns the main Redmond deposits, 3 to 6 kilometres northwest along strike, where approximately 35 million tonnes of DSO grading 52-54% Iron (Fe) was mined during the 1970s and early 1980s. Many millions of tonnes of varying grade iron ore remain.

There are numerous iron zones/showings known within the Cap-Ex Redmond Properties. The most prospective all occur within the favourable horizon of the Sokoman Formation on the western claims of the Redmond Properties. 

The Redmond Properties cover some 6.5 kilometres of strike of historical iron ore occurrences, all within 3 to 12 kilometres on strike of the past producing Redmond DSO iron ore deposits.

Exploration

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• Airborne gravity survey has identified multiple DSO anomalies on Redmond
• Drilling has intersected 11 hematite zones ranging from 10 to 73 metres in thickness over an area of 2km by 300m; all intersections were near surface

BBA has been selected to follow up on 2011's encouraging metallurgy results on the Redmond Project by launching an intensive sampling and bench scale testwork program.

Maps

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Edward Lyons, P.Geo., is Chief Geologist of the Company and a Qualified Person as defined by National Instrument 43-101 for the above mentioned project. The QP is a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) and the Professional Engineers & Geoscientists Newfoundland & Labrador (PEGNL) as a registered Professional Geoscientist (P.Geo.). Mr. Lyons has reviewed and approved the technical information disclosed above.