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Capella 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.
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Capella Resources Set Up A Forward Base Of Operations In
Labrador
Capella Resources set up a forward base ofoperations in Labrador to support-truthing ofgeophysical data and cue-in for over 200 permitteddrilling targets. It is a Canada based juniorexploration and mining development Company
which holds an extensive land position in the areasof Newfoundland and Labrador and has beenactively exploring for nickel, copper, chromium,titanium and other base metals in the central andsouth-eastern areas of Labrador. The company hasover 2,900 mineral claims covering more than 74,000hectares of land.
In 2008 a total of 18 of the top ranked EM anomalieswere targeted for ground follow-up and to validateand rank these anomalies in five locations aroundSnegamook Lake and Wilson Lake in Capella'sCentral Claims area in Labrador, a team of nineexperts of Capella Resources was dispatched
They collected and analyzed a total of 99 surfacesamples and the result of this surface samplingincluded peak copper assay values greater than 1%.The southeastern claims group of Labrador comprisesof an area where the metamorphic suite dominates thegeology.
About Capella Resources Capella Resources is a publicly traded, juniorexploration and mineral development company with astrong portfolio of precious and base metal projects inChile, USA and Atlantic Canada.
The Company has a 100% interest in the Lajitas andNevada gold-copper properties located in theMaricunga Gold and Copper District andapproximately 700 kilometers northwest of Santiago,Chile.
The properties comprise ten exploration claims andsix exploitation claims totaling a cumulative 3,500hectares in area. The Company holds a 100% interestin the Tinton Gold Project located 15 kilometers west-northwest of the famous and historic Homestake Minein the Black Hills at Lead, South Dakota.
The Tinton property consists of 1,270 hectarescontained in 157 unpatented mining claims. TheCompany also holds 3839 mineral exploration claimscovering an aggregate land area of over 71,558hectares in Atlantic Canada (Nova Scotia, NewBrunswick and Newfoundland and Labrador).Browsethrough www.capellaresources.com for moreinformation.