Capella Minerals Ltd. is pleased to provide the following update on ongoing exploration activities at its 100%-owned Kjøli high-grade copper project in central Norway. Field activities are currently focused on the definition of specific drill locations within the 14 CARDS AI targets identified along strike from the former Kjøli copper mine (see Company News Releases dated May 5 and 10, 2021; Figure 1). Historical copper grades in the old Kjøli mine were reported to be 2.9% Cu1.
Eric Roth, Capella’s President and CEO, commented today: “Whilst the Kjøli project already has some clear “walk-up” drill targets – such as the impressive, undrilled massive sulfide outcrops with 2.2% copper (Figure 2) – this current program will allow us to complete our systematic evaluation of the property and ensure that we have an extensive pipeline of quality targets ready for drill testing. I am very much looking forward to completing this final phase of the drill targeting work and then moving as quickly as possible into the discovery drilling phase.”
Figure 1. Recently expanded Kjøli mineral claim block together with CARDS AI copper-zinc VMS anomalies (red/magenta colours represent targets with >98% probability of +1% Cu).
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.
Figure 2. Oxidized massive sulfide outcrop at the Kjøli project in which channel sampling returned 2.2% Cu.
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 20 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 paved highway and railway line passing by the SW corner of the property. Hydroelectric power is also readily available within the broader Kjøli district.
The Company acquired its 100% interest in the Kjøli Project from EMX Royalty Corp in late-2020.