Capella Minerals Ltd (TSXV:CMIL) has announced exciting updates on its Scandinavian project portfolio. The company regained a 100% interest in its high-grade copper-cobalt-zinc projects in Norway, including the drill-ready targets at Åmot and Hessjøgruva. By divesting non-core assets in the Americas, Capella is now focusing on its projects in Scandinavia.
In Northern Finland, Capella’s Copper-Gold Project consists of 5 exploration licenses with granted drill permits in the Central Lapland Greenstone Belt. The Company’s priority targets for drill testing include the Killero E and W targets, as well as the Saattopora W target. These targets show potential for significant mineralization and will undergo further exploration.
In central Norway, Capella is focused on discovering high-grade copper-rich massive sulfide deposits in the Løkken and Røros mining districts. At the Løkken project, the Company has identified 5 priority target areas, with the Åmot target being a standout for its favorable indicators for VMS deposits. Additionally, the Hessjøgruva project in the Røros district is set for a significant drilling program to further define its mineralization.
Eric Roth, President and CEO of Capella Minerals, highlighted the Company’s strategic focus on advancing its Scandinavian projects. The divestment of assets in the Americas has allowed Capella to concentrate on fewer jurisdictions, projects, and commodities. This shift in strategy positions the Company for future exploration success and provides shareholders with potential upside.
With a compelling portfolio of copper-gold and copper-cobalt-zinc projects in mining-friendly jurisdictions, Capella Minerals is poised for continued growth and development in the Scandinavian region. Investors and stakeholders can look forward to further updates as the Company progresses with its exploration and drilling programs.
