(Capella Minerals, 22.Feb.2022) — Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) has received approval from the Norwegian Directorate of Mining for the company’s maiden diamond drill program at its 100%-owned Kjøli copper-zinc-cobalt (“Cu-Zn-Co”) massive sulfide (“VMS”) project in central Norway.
Permits have been granted for up to 4,000m of diamond drilling in 25 holes (Target Areas A-D; Figure 1). Four main priority areas have been defined for drill testing: i) the Grønskard, Kjøli, and Guldalsgruva targets located along the main prospective horizon for VMS deposits, and ii) a large (>2km strike length), deep (>350m) electromagnetic (“EM”) conductor at Kjøli Deeps, which is interpreted by the Company to represent a buried, NW-dipping massive sulfide body.
Initial logistical planning for the Kjøli drill program assumed 100% ground support for the drill rig, with key off-road permits having already been obtained from both the Holtålen and Tydal municipalities. However, excessive winter snowfalls have hindered access to some of the target areas and, as a result, helicopter support will now also be required. The Company has applied for the additional approvals required for helicopter-supported operations, and these will potentially allow for the initiation of drilling by mid-March.
Eric Roth, Capella’s President and CEO, commented: “I am pleased to be reporting that we have received approval from the Directorate of Mining for our inaugural diamond drill program at Kjøli. In parallel, strong community support for the project is evidenced by the approval of key off-road permits from both the Holtålen and Tydal municipalities. However, recent inclement winter conditions have required the Company to apply for additional permits for helicopter-supported operations, with these permits expected to be obtained by mid-March.
As reported previously, our drill target generation activities at Kjøli have been focused on the definition of high-grade Cu-Zn-Co targets located both along strike from, and adjacent to, the past-producing Kjøli and Killingdal copper mines. However, a significant new target has also been defined at Kjøli Deeps and will be a priority for our drilling. I look forward to keeping the market updated on our progress at Kjøli.”
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