The Kjøli Copper Project Exploration Details

Instant Max AI

(Capella Minerals, 28.Jun.2021) — Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) provided 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.

Highlights

  • Final drill targeting at Kjøli will be undertaken using a combination of geochemical (Ionic Leach) and geophysical (ground gravity and drone magnetic survey) techniques with demonstrated effectiveness in the discovery of copper-rich massive sulfide (“VMS”) deposits. The initial focus will be on the 4 largest CARDS AI targets, each measuring 2+km in length, located immediately adjacent to, and to the NE of, the former Kjøli mine.
  • A systematic Ionic Leach soil sampling program will be undertaken over the main CARDS AI targets with the objective of detecting geochemical anomalies associated with buried high-grade base metal mineralization.
  • In parallel, a systematic ground gravity survey will be completed with the objective of differentiating higher density units (such as copper-rich massive sulfide deposits) from their host rocks. This will be the first time that the ground gravity geophysical technique has been employed at Kjøli.
  • A high-resolution drone magnetic survey will also be completed over the 20km-long “prospective horizon” with the highest potential for copper-rich VMS discoveries. The survey has been designed to highlight the sulfide mineral pyrrhotite, which is intimately associated with the high-grade copper-zinc mineralization at Kjøli.
  • Formal drill permitting for priority drill locations will be initiated as soon as results from the current work program have been received and evaluated.

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). 

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). (CNW Group/Capella Minerals Limited)
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 (Principal photo). 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 (NYSE:EMX; TSXV:EMX) in late-2020.

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