Capella Resources Set Up A Forward Base Of Operations In Labrador
February 12th, 2010Capella Resources set up a forward base of operations in Labrador to support-truthing of geophysical data and cue-in for over 200 permitted drilling targets. It is a Canada based junior exploration and mining development Company which holds an extensive land position in the areas of Newfoundland and Labrador and has been actively exploring for nickel, copper, chromium, titanium and other base metals in the central and south-eastern areas of Labrador. The company has over 2,900 mineral claims covering more than 74,000 hectares of land.
In 2008 a total of 18 of the top ranked EM anomalies were targeted for ground follow-up and to validate and rank these anomalies in five locations around Snegamook Lake and Wilson Lake in Capella’s Central Claims area in Labrador, a team of nine experts of Capella Resources was dispatched. They collected and analyzed a total of 99 surface samples and the result of this surface sampling included peak copper assay values greater than 1%. The southeastern claims group of Labrador comprises of an area where the metamorphic suite dominates the geology.
About Capella Resources
Capella Resources 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). Browse through http://www.capellaresources.com for more information.
