CAPELLA RESOURCES LTD. (TSX-V: CPS) (“Capella”
or the “Company”)
is pleased to announce the commencement of the 2008 –
2009 season drilling program on the Company’s
100% owned Lajitas Gold-Copper Project, located in the Maricunga Gold
and Copper District in northern Chile.
The 4,000 metre drill program on the Lajitas Property 4,000 metre and is
designed to test a two kilometer-diameter Induced Polarization ("IP")
and Magnetic geophysical anomaly. Company geologists believe that the
geophysical anomaly represents a porphyry gold/copper system in the
subsurface, which supported by the results of Capella's 2006 drill
program. The 2006 drill program identified a significant area of gold
mineralization on the northwest corner of the IP/Magnetic anomaly with
mineralization open to the south and east. A summary of highlights is
listed in the table below.
Significant Drill Intersections from Capella's 2006 Drilling Program on
the Lajitas Property
|
Hole ID
|
|
To (m)
|
|
From (m)
|
|
Interval Width (m)
|
|
Gold Grade – g/t
|
|
Final
Hole Depth (m)
|
|
LJ06001r
|
|
0
|
|
10
|
|
10
|
|
1.24
|
|
|
|
|
|
98
|
|
158
|
|
60
|
|
0.40
|
|
|
|
|
|
166
|
|
282
|
|
116
|
|
0.88
|
|
300
|
|
LJ06002r
|
|
142
|
|
234
|
|
92
|
|
0.95
|
|
282
|
|
LJ06003r
|
|
156
|
|
176
|
|
20
|
|
0.53
|
|
|
|
|
|
206
|
|
220
|
|
14
|
|
0.62
|
|
234
|
|
LJ06004r
|
|
98
|
|
170
|
|
72
|
|
0.7
|
|
174
|
|
LJ06005r
|
|
158
|
|
216
|
|
58
|
|
0.63
|
|
|
|
|
|
298
|
|
300
|
|
2
|
|
2.38
|
|
300
|
|
LJ06006r
|
|
70
|
|
148
|
|
78
|
|
0.60
|
|
200
|
|
LJ06007r
|
|
0
|
|
192
|
|
192
|
|
0.72
|
|
219
|
Capella has contracted Captagua Limitada of Santiago Chile to conduct
the 4000 metre drill program. The drill rig will set-up on existing hole
LJ08008c, which was started in May 2008 and shutdown due to winter
weather conditions in June 2008. LJ08008c obtained a depth of 91 metres
and intersected trace amounts of copper sulphides, bornite and
chalcopyrite in volcaniclastic wall rocks. Additional new IP (Induced
Polarization) geophysical lines were completed this month over the
historic the gold resource area, augmenting existing magnetic and IP
data and assisting in drill site location.
Brian Cole, B.Sc., P.Geo. is a qualified person as defined by National
Instrument 43-101 and has reviewed the technical information reported in
this news release for accuracy.
About Capella Resources Ltd.
Capella Resources Ltd. is a publicly traded, 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 kilometres
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 kilometres 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 25,000 mineral exploration claims
covering an aggregate land area of over 1.2 million acres (495,264
hectares) in Atlantic Canada (Nova Scotia, New Brunswick and
Newfoundland and Labrador).
|
CAPELLA RESOURCES LTD.
|
|
|
|
per: "Richard Bachman"
|
|
|
|
Richard Bachman, Chief Executive Officer, President & Chief
Geological Officer
|
Not for distribution to the United States newswire services or for
dissemination in the United States. This news release does not
constitute an offer to sell or a solicitation of an offer to buy any of
the securities in the United States. The securities have not been and
will not be registered under the United States Securities Act of 1933,
as amended (the “U.S. Securities Act”)
or any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from
such registration is available.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Capella Resources Ltd.
Diane Webber, P.Geo, 902-456-4349
Toll
Free: 1-877-342-7474
info@capellaresources.com