Bullboard - Stock Discussion Forum Capella Minerals Ltd V.CMIL

Alternate Symbol(s): CMILF

Metals & Mining Industrial Metals & Minerals

Capella Minerals Limited is an exploration and development company. The Company is engaged in the acquisition, exploration, and development of mineral resource properties with a focus on European base and battery metals projects. Its projects include Hessjogruva-Kongensgruve-Kjoli copper-cobalt project, Lokken project, Northern Finland Copper-Gold project, Perho Lithium Pegmatite project... see more

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TSXV:CMIL - Post Discussion

Capella Minerals Ltd > Acquire Advanced-Stage Hessjøgruva CopperZincCobalt Project

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Post by Betteryear2 on Apr 06, 2022 8:50am

Acquire Advanced-Stage Hessjøgruva CopperZincCobalt Project

VANCOUVER, BC, April 6, 2022 /CNW/ - Capella Minerals Ltd. (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) (the "Company" or "Capella") is pleased to announce that it has signed an Exploration and Exploitation Agreement ("EEA") with Hessjgruva AS for the acquisition of a 100% interest in the advanced exploration-stage Hessjgruva Copper-Zinc-Cobalt ("Cu-Zn-Co") project in central Norway. The Hessjgruva project is located approximately 20km SW of the Company's 100%-owned Kjli Cu-Zn-Co project (Figure 1) and has a current mineral inventory (non-Canadian National Instrument NI 43-101 compliant mineral resource) of 3MT @ 1.7% Cu + 1.4% Zn1,2 (or 2.2% Cu equivalent3) based on a total of 12,139m / 68 holes of historical diamond drilling.

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