Location:

The Redmond Claims cover an area of 16,900 hectares, 10km South of Schefferville. 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.

Description:

• Redmond Claims cover 6.5km of strike of the Redmond iron deposits (35mt DSO 1973-83)
• Historic reports by IOC show a number of iron ore occurrences, trenching and drill holes contained within the claims.

Infrastructure:

• Labrador Iron Mines, DSO Iron Ore Plants close by

Exploration:

• Airborne gravity survey has identified multiple DSO anomalies on Redmond
• Drilling has intersected 11 hematite zones, 10 to 73 meters, currently awaiting assay results

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.