Capella Minerals Ltd. is pleased to provide the following update on ongoing exploration and development activities at the Company's 100%-owned Hessjøgruva, Kjøli, and Løkken copper-zinc-cobalt projects in central Norway. The Company's immediate priority will be to bring its recently acquired Hessjøgruva project in to a Canadian National Instrument 43-101 compliant mineral resource, in addition to driving the discovery of [...]
Capella Minerals Ltd. is pleased to report that it has completed a 4,000-line km high-resolution drone magnetic survey over the Katajavaara-Aakenus project in northern Finland. Interpretation of the data derived from this survey is well underway, with the Company's focus being the evaluation of potential extensions to Outokumpu Oy's former Saattopora gold-copper mining operation and the significant historical gold-copper [...]
Capella Minerals Ltd. is pleased to report that Prospector Metals Corp. , Capella's Joint Venture partner and operator of the Savant Lake Gold Project, has today provided the market with an update on its planned exploration activities on its Newfoundland and Ontario project portfolio, including Savant Lake. Prospector is currently earning-in to a 70% interest in the Savant Lake Gold Project through the sole funding of CAD [...]
Capella Minerals Ltd. is pleased to announce that it has signed an Exploration and Exploitation Agreement with Hessjøgruva AS for the acquisition of a 100% interest in the advanced exploration-stage Hessjøgruva Copper-Zinc-Cobalt project in central Norway. The Hessjøgruva project is located approximately 20km SW of the Company's 100%-owned Kjøli Cu-Zn-Co project and has a current mineral inventory of 3MT @ 1.7% Cu + 1.4 [...]
Capella Minerals is pleased to announce that OTC Markets Group has approved the Company's upgrade from its existing OTC Pink market listing to an OTCQB® Venture Market listing, effective March 22, 2022. The Company also advises that its OTC ticker symbol has been changed from "NWDMF" to "CMILF". Eric Roth, Capella's President and CEO, commented: "We are pleased to be announcing today both our upgrade to the OTCQB [...]
Capella Minerals is pleased to report that a high-resolution drone magnetic survey has commenced on the Katajavaara-Aakenus JV project in Finland. The drone magnetic survey will cover the combined 200 square km project area, and is being undertaken by Finnish contractor Radai Ltd. The drone magnetic data set will allow the Company to obtain a greater understanding of both the basement geology and known gold-copper [...]
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 [...]
