Capella Resources, Canada Has Received Drilling Permits For Tinton Property
February 8th, 2010The Tinton Gold project is located 15 kilometers west-northwest of the famous and historic Homestake Mine in Black Hills at Lead, South Dakota. It is 100% owned property of Capella Resources, Canada, which has 1270 hectares of landholdings in 157 unpatented mining claims. The Tinton area is being explored by the Homestake mining company since 1940’s.
The process of Gold Mineralization at the Homestake Mine is hosted within plunging synclinal fold structures of the Early Proterozoic Homestake Iron Formation, which is associated with extensive ductile shearing and is subject to upper greenschist to lower amphibolite facies metamorphism. As per the geologists of Capella resources, Canada, certain evidences show that a blind Homestake-style deposit with 40 million ounce potential is situated under Paleozoic cover in the area of the Company’s claims group on the east side of the Tinton Dome. Drilling permits for the Tinton property have also been received by Capella Resources, Canada, and a 2,000 meter hole is expected to be drilled by the company in the east of the adit.
About Capella Resources, Canada
Capella Resources, Canada is a publicly traded, junior exploration and mineral development company with a strong portfolio of precious and base metal projects in Chile, USA and Atlantic Canada. The Company has a 100% interest in the Lajitas and Nevada gold-copper properties located in the Maricunga Gold and Copper District and approximately 700 kilometers northwest of Santiago, Chile. The properties comprise ten exploration claims and six exploitation claims totaling a cumulative 3,500 hectares in area. The Company holds a 100% interest in the Tinton Gold Project located 15 kilometers west-northwest of the famous and historic Homestake Mine in the Black Hills at Lead, South Dakota. The Tinton property consists of 1,270 hectares contained in 157 unpatented mining claims. The Company also holds 3839 mineral exploration claims covering an aggregate land area of over 71,558 hectares in Atlantic Canada (Nova Scotia, New Brunswick and Newfoundland and Labrador). To know more about Capella Resources, please browse through http://www.capellaresources.com
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