Business
Capella Minerals: Additional Staking at Kjøli Covers 11 New High-Grade Copper-Zinc Targets
VANCOUVER, BC, May 10, 2021 /CNW/ - Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) (the "Company" or "Capella") is pleased to advise that a further 96km2 of exp
About this update from Capella Minerals Limited
[{"type":"text","content":" VANCOUVER, BC, May 10, 2021 /CNW/ - Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) (the \"Company\" or \"Capella\") 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 (\"AI\") analysis. These new targets are in addition to the 13 copper-zinc targets and 11 gold-silver targets already identified within the original Kjøli claim block (see Company News Release dated May 5, 2021). Highlights Capella has staked a further 96km2 of exploration claims to cover 11 new high-grade copper-zinc targets located adjacent to the original Kjøli claim block (Figure 1). Significant potential exists for the discovery of new high-grade copper-zinc deposits immediately adjacent to, and to the NE of, the former Kjøli copper-zinc mine. Three key target areas, each measuring >2km in length, and numerous smaller anomalies have been defined. Historical copper grades from the old Kjøli mine were reported to be 2.9% Cu1. Eric Roth, Capella's President and CEO, commented today: \"I am pleased to be reporting today that a total of 24 high-grade copper-zinc VMS targets have now been identified at our expanded Kjøli project from the CARDS AI analysis. Four of these targets have strike extensions of over 2km each and clearly represent high-priority targets for drill collar definition and then drill testing. The CARDS AI work has confirmed the prospectivity and upside potential of the Kjøli area, and we look forward to pushing the project along the path to discovery drilling.\" 1 Historic production figures are from Birkeland, A. (1986) Mineralogisk og geokjemisk undersokelseav Killingdal gruver, Sor-Trondelag. M. Scient. Thesis, University of Oslo in Geological Survey of Finland, Special Paper 53 pg. 86. About the Kjøli Copper Project The Company's Kjøli copper-rich VMS project lies in the northern part of the Røros mining district, which saw copper production from a number of high-grade VMS deposits from the mid-1600's through until the mid-1980's. Kjøli represents a district-scale brownfields/greenfields exploration project covering the former Kjøli and Killingdal mining operations, together with approximately 15 km s...