Capella Minerals is pleased to announce that it has received approval from the Norwegian Directorate of Mining for the Company's maiden diamond drill program at its 100%-owned Kjøli copper-zinc-cobalt massive sulfide project in Norway. Permits have been granted for up to 4,000m of diamond drilling in 25 holes. Four main priority areas have been defined for drill testing: i) the Grønskard, Kjøli, and Guldalsgruva targets [...]
Capella Minerals is pleased to announce that, in partnership with Digbee ESG® it has adopted an industry-standard Environmental, Social, & Governance disclosure system designed to drive and report "international best practice" ESG principals within the Company. The Company achieved an overall BB rating in its first-ever formal ESG assessment, with a clear road map for short- and mid-term actions that could lead to a [...]
Capella Minerals is pleased to report that Austral Gold Limited has successfully completed the "Tranche 1" exploration investment required to earn-in to an initial 51% interest in the Company's former Argentine subsidiary, Sierra Blanca SA. SBSA's sole asset is the Sierra Blanca gold-silver project in Santa Cruz Province. Austral may now invest a further USD 600,000 in exploration at the Sierra Blanca project over the [...]
Capella Minerals is pleased to announce that initial exploration programs designed to advance prospective gold-copper target areas on the Katajavaara and Aakenus Joint Venture projects in northern Finland have now commenced. Capella currently holds a 70% interest in the Katajavaara and Aakenus JV, in accordance with the terms of the agreement signed with ASX-listed Cullen Resources Ltd and announced by the Company on [...]
Capella Minerals is pleased to report that final results have now been received from the late-summer exploration program undertaken at the Company's 100%-owned Kjøli high-grade copper-zinc massive sulfide project in Norway. The current exploration program included systematic soil sampling and a ground gravity survey and was designed to allow the Company to prioritize specific drill sites within the high-grade copper [...]
Capella Minerals Ltd. is pleased to advise that it has executed the sale of the 833,334 common shares held by the Company in Cerrado Gold Inc , resulting in proceeds totalling CAD 1.2M. The Cerrado shareholding was received in Q1, 2021, as consideration for the divestiture of Capella's former Argentine subsidiary, Minera Mariana SA. Funds received from the Cerrado share sale will be used for ongoing target generation [...]
Capella Minerals Ltd. is pleased to announce that it has signed a binding Letter of Intent with Cullen Resources Limited through which Capella may earn-in to Cullen's Katajavaara and Aakenus gold projects in the highly-prospective Central Lapland Greenstone Belt of northern Finland . The Katajavaara and Aakenus projects lie immediately adjacent to the productive Sirkka Thrust Zone, a regional structural corridor within [...]
Capella Minerals Ltd. is pleased to provide the following update on auger drilling and regional reconnaissance activities on its 100%-owned Southern Gold Line Project in northern Sweden. Auger drilling is currently focused on the southernmost Rötjärnen claim , where geochemical vectors are being utilized to determine the source of gold-bearing boulders identified on surface, whilst prioritization of the remainder of the [...]
Capella Minerals Ltd. is pleased to provide the following update on ongoing exploration activities at its 100%-owned Kjøli high-grade copper project in central Norway. Field activities are currently focused on the definition of specific drill locations within the 14 CARDS AI targets identified along strike from the former Kjøli copper mine . Historical copper grades in the old Kjøli mine were reported to be 2.9% Cu1 [...]
Capella Minerals Ltd. is pleased to advise that a further 96km2 of exploration concessions have been staked immediately adjacent to the existing Kjøli claim block, in order to cover 11 new high-grade copper-zinc targets that were identified through the CARDS Artificial Intelligence analysis. These new targets are in addition to the 13 copper-zinc targets and 11 gold-silver targets already identified within the original [...]
Capella Minerals Ltd. is pleased to report the results of the CARDS Artificial Intelligence and Data Mining analysis undertaken by Windfall Geotek on the Company's 100% owned Kjøli high-grade massive sulfide project in central Norway. Kjøli is a 150 square kilometre brownfields/greenfields exploration project located within the northern extension of the past-producing Røros copper mining district. Highlights The CARDS AI [...]
Capella Minerals Ltd. is pleased to advise that it has filed an independent National Instrument 43-101 technical report on the Company's Løkken copper-rich massive sulfide project, central Norway. This technical report provides a detailed review of the known high-grade copper targets that surround the former Løkken copper mining operations, and which will form the focus of the Company's 2021 exploration activities . A [...]
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