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 (“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).
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 strike of underexplored but highly prospective stratigraphy for the discovery of new copper-rich VMS deposits. Access to the property is excellent, with the main Trondheim-Røros highway and railway line passing by the SW corner of the property. Hydroelectric power is also readily available within the broader Kjøli district.
Qualified Persons and Disclosure Statement
The technical information in this news release relating to the Kjøli project has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101, and approved by Eric Roth, the Company’s President & CEO, a Director, and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has 30 years of experience in international minerals exploration and mining project evaluation.
On Behalf of the Board of Capella Minerals Ltd.
Eric Roth, Ph.D., FAusIMM
President & CEO