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Capella Provides Exploration Update for its Norwegian Copper-Cobalt Projects
Capella Provides Exploration Update for its Norwegian Copper-Cobalt Projects Ca...
About this update from Capella Minerals Limited
[{"type":"text","content":"\n \n \n \n Capella Provides Exploration Update for its Norwegian Copper-Cobalt Projects\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 18, 2022\n \n \n /CNW/ - Capella Minerals Ltd. (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) (the \"Company\" or \"Capella\") 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 (\"Cu-Zn-Co\") projects in central\n \n Norway\n \n . The Company's immediate priority will be to bring its recently acquired Hessjøgruva project in to a Canadian National Instrument 43-101 (\"NI 43-101\") compliant mineral resource, in addition to driving the discovery of new mineral resources in the Hessjøgruva - Kjøli district (Figure 1).\n \n \n At the Løkken project, a final field-based drill targeting program will be undertaken during June &\n \n July 2022\n \n on the 5 areas identified as highest priority for new discovery. In parallel, permitting will be initiated for a maiden core drilling program to be initiated during H2, 2022.\n \n \n \n Highlights\n \n \n \n \n Capella's recently acquired\n \n Hessjøgruva\n \n Cu-Zn-Co project (see Company News Release dated\n \n April 6, 2022\n \n ) contains a current mineral inventory (non NI 43-101 compliant mineral resource) of 3MT @ 1.7% Cu + 1.4% Zn\n \n 1,2\n \n (or 2.2% Cu\n \n 3\n \n equivalent). The Company's immediate priorities are to undertake the work required to declare an NI 43-101 compliant mineral resource estimate, followed by further infill / step-out drilling and the initiation of dev...