Business
Diamond Drilling Initiated at the Løkken Copper-Cobalt-Zinc VMS Project
Capella Minerals Ltd (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) ("Capella" or the "Company") is pleased to announce that Teako Minerals Corp. (CSE: TMIN)("Teako"), the Company's strategic partner at the expanded Løkken copper-cobalt-zinc ("Cu-Co-Zn") massive sulfide ("VMS") project in Trøndelag Province, central Norway, has initiated a scout diamond drill program at the Åmot Cu-Co-Zn target. The Åmot target is a 2km-long "buried" VMS target hosted within favourable stratigraphy for VMS-type deposit
About this update from Capella Minerals Limited
[{"type":"text","content":"www.capellaminerals.com","length":23,"tagName":"p","attribs":{}},{"type":"text","content":"VANCOUVER, BC, March 20, 2025 /CNW/ - Capella Minerals Ltd (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) ("Capella" or the "Company") is pleased to announce that Teako Minerals Corp. (CSE: TMIN)("Teako"), the Company's strategic partner at the expanded Løkken copper-cobalt-zinc ("Cu-Co-Zn") massive sulfide ("VMS") project in Trøndelag Province, central Norway, has initiated a scout diamond drill program at the Åmot Cu-Co-Zn target. The Åmot target is a 2km-long "buried" VMS target hosted within favourable stratigraphy for VMS-type deposits and located just 5km E of the former Løkken copper mining operations. The Åmot target was discovered through recent systematic exploration and has never been drill tested. ","length":776,"tagName":"p"},{"type":"text","content":"Capella announced a strategic partnership with Teako at the Løkken project in Q3, 2024 through the combination of Capella's exploration concessions around the former Løkken mine with Teako's regional-scale exploration concessions along the Løkken trend (see Company News Release dated August 19, 2024). Through this partnership, Capella retains direct project-level participation (a non-dilutable 10% carried interest to production) on any discoveries made within the former Capella concessions, plus indirect exposure to discovery upside through its shareholding in Teako.","length":581,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Strategic partner Teako has initiated a maiden diamond drill program at the Åmot VMS Cu-Co-Zn target, Løkken project, central Norway.","length":133,"tagName":"p"}]},{"val":[{"type":"text","content":"The Åmot target is a 2km-long coincident geophysical (electromagnetic and ground magnetic anomalies) and geochemical target – all considered to be key indicators for "buried" VMS targets – and which has been defined by modern exploration undertaken since the closing of the former Løkken mining operations in the mid-1980's (Figure 1). No drilling has yet been undertaken on the Åmot target.","length":405,"tagName":"p"}]},{"val":[{"type":"text","content":"Teako received all approvals for this curre...