Capella Resources Ltd. Started A Drilling Program On Nevada Gold Project
January 19th, 2010Nevada Gold Project, a property of Capella Resources Ltd. is located on the Maricunga Gold Belt, Northern Chile. The Nevada Gold Project is a 1900 hectare landholding of Capella and is strategically located between the Kinross Gold’s Maricunga (Refugio) mine and Exeter Resources Caspiche Project. Kinross Gold’s Maricunga (Refugio) mine is reported to host a gold resource of over 6 million ounces. While, the Exeter hosts a diamond drill inspection (CSD-016) of 627 meters of 1.1 g/t Au and 0.43% Cu.
The exploration work completed on this project includes historical compilation, induced polarization (IP) and ground magnetic survey and a detailed multi spectral remote sensing study. Capella Resources Ltd. initiated a drilling program on the Nevada Gold Project. This drill program is testing a combination of magnetic and induced polarization (IP) geophysical anomalies coincident with intensely altered outcrops. Major Drilling Chile S.A. of Santiago, Chile is the chief contractor of this project.
About Capella Resources Ltd.
Capella Resources Ltd. 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 over 24,750 mineral exploration claims covering an aggregate land area of over 1.04 million acres (422,800 hectares) in Atlantic Canada (Nova Scotia, New Brunswick and Newfoundland and Labrador). To know more about Capella Resources Ltd, please browse through http://www.capellaresources.com
