TSXV:CMIL - Post Discussion
Post by
Roddiggiti on Dec 03, 2020 11:50am
News: Yamana Confirms Drilling With Capella In Q1 2020
Yamana news out and it mentions Capella Minerals. Drilling will start early 2021. See below:
https://www.globenewswire.com/news-release/2020/12/03/2138783/0/en/Yamana-Gold-Advances-Projects-in-Its-Generative-Exploration-Program-Outlines-2021-Plans-for-Advancing-Projects-Reports-Positive-Advances-at-Lavra-Velha-Monument-Bay-Borborema-and-A.html
The Domain project, located near Oxford Lake in northeastern Manitoba, is a large 20,000-hectare property package consisting of two unexplored mineral exploration licences 100%-controlled by Yamana, and three smaller claims held under a joint venture agreement with Capella Minerals Ltd. The property is considered to be highly prospective for iron formation-hosted gold deposits and has returned a number of drill intercepts with significant gold grades from a limited area of drilling within the joint venture claims. The larger land package has magnetic anomalies and limited arsenic-in-till anomalies that indicate potential targets for further iron formation-hosted gold as well as shear zone type gold targets.
In July 2020, Yamana entered into an Exploration Agreement with Bunibonibee Cree Nation to develop a cooperative and mutually beneficial relationship relating to mineral exploration within the Traditional Territory of Bunibonibee Cree Nation. Yamana is in the planning stages of a work program for the property, and pending conclusion of community consultation and permitting, exploration work is anticipated to begin in early 2021.
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