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Capella Minerals Ltd. (OTCQB: CMILF) announced the staking of significant exploration claims in the Vaddas-Birtavarre copper-cobalt district of northern Norway. The company has secured 209 sq. km of exploration claims in Birtavarre and an additional 80 sq. km in Vaddas, with another 80 sq. km awaiting approval. Capella believes this district has high potential for copper-cobalt discoveries, enhancing its focus on advancement in Norway.
Capella Minerals Ltd. (CMILF) has engaged GeoVista Aktiebolag to prepare a compliant technical report for its 100%-owned Hessjøgruva copper-zinc-cobalt project in Norway. This report, adhering to Canadian NI 43-101 standards, aims to lead to a maiden Mineral Resource Estimate. Such an estimate is crucial for planning future drill holes and initial development studies. The Company focuses on high-grade mineral deposits and advancing its projects in favourable jurisdictions.
Capella Minerals Ltd. (CMILF) announced the acquisition of a 100% interest in the Hessjøgruva copper-cobalt project in Norway. A review by the British Columbia Securities Commission led to clarifications regarding unverified historical estimates disclosed by the Company. Capella aims to complete a compliant NI 43-101 technical report within 60 days to provide reliable information on the project. Eric Roth, President & CEO, emphasizes that the technical data has met Canadian regulatory standards.
Capella Minerals Ltd. (TSXV: CMIL) has released an update on its copper-zinc-cobalt projects in Norway. The company aims to develop the Hessjøgruva project into a compliant NI 43-101 mineral resource, featuring a current inventory of 3MT @ 1.7% Cu + 1.4% Zn. New exploration claims in the Kongensgruve area have been granted, promising further resource potential. Drilling programs are planned for the Kjøli and Løkken projects, with permits in place for 4,000m/25 holes at Kjøli. Following the lifting of Covid-19 restrictions, the company anticipates expedited progress in the second half of 2022.
Capella Minerals Ltd. (TSXV: CMIL) (OTCQB: CMILF) has completed a 4,000-line km drone magnetic survey over its Katajavaara-Aakenus project in Finland. This survey aims to identify extensions to the former Saattopora gold-copper mine and assess historical geochemical anomalies. The project, located along a mineral-rich corridor, has defined six priority target areas, including the Killero copper-gold target. Upcoming work includes data interpretation and preparation for drilling in winter 2022/2023.
Capella Minerals Ltd. (CMILF) announced that its joint venture partner, Prospector Metals Corp., is set to advance exploration at the Savant Lake Gold Project in Ontario. Prospector is earning a 70% interest by funding CAD 2M in work commitments. Field crews will mobilize in early May 2022, with drilling anticipated in Q3 2022. Eric Roth, CEO of Capella, expressed optimism about the exploration potential of the underexplored area. Capella also holds 1,000,000 shares in Prospector, linking its success to ongoing exploration activities.
Capella Minerals Ltd. (OTCQB: CMILF) has announced its upgrade from the OTC Pink market to the OTCQB Venture Market, effective March 22, 2022. The company's ticker symbol has changed from NWDMF to CMILF. This upgrade aims to enhance market accessibility and liquidity for investors in the U.S., aligning with the TSXV symbol CMIL. President and CEO Eric Roth expressed optimism about expanding market presence in the U.S. and advancing their copper and gold projects in Scandinavia and Canada.