Capella Reports on Trench Sampling at the Nevada Project
Vancouver, B.C., June 22, 2010 ? CAPELLA RESOURCES LTD. (TSX-V: KPS) (?Capella? or the ?Company?) is pleased to announce the results of a surface grab and trench sampling program from the Nevada Gold Project in Chile.
A total of 284 grab, road cut, and trench samples were collected during the recently completed field season. Four samples of the total yielded values 1 g/t gold or better (1.1 g/t, 2.2 g/t, 2.2 g/t, & 3.3 g/t gold) with an addition sample giving a value of 0.5 g/t or better (0.78 g/t gold). Twenty samples ranged between 0.5 g/t and 0.1 g/t Au with the remaining samples below 0.099 g/t gold.
SAMPLING, ASSAYING AND QA/QC
Samples were placed in labeled rice sacks and sealed. All samples were recorded and delivered to the Activation Labs sample preparation and assay facility in Coquimbo, Chile. Activation Labs is an ISO 9001-2000 certified full service analytical laboratory.
About Capella Resources Ltd.
Capella Resources Ltd. is a publicly traded, junior 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 totalling 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 3,839 mineral exploration claims covering an aggregate land area of over 71,558 hectares in Atlantic Canada (Nova Scotia, New Brunswick and Newfoundland and Labrador).
CAPELLA RESOURCES LTD.
per:
Richard Bachman, Chief Executive Officer, President & Chief Geological Officer
For further information, please contact:
Capella Resources Ltd.
Mike McCleave
Tel: 902.468.8280
Toll Free: 1.877.342.7474
Email: info@capellaresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Capella Resources Ltd.
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PRODUCER |
CODE : KPS.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Capella Res. is a silver and gold exploration company based in Canada. Capella Res. holds various exploration projects in Chile. Its main asset in production is MARICUNGA in Chile and its main exploration properties are TINTON, NEVADA and LAJITAS in Chile and HARVEY in Canada. Capella Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.5 millions as of today (US$ 2.5 millions, € 1.9 millions). Its stock quote reached its lowest recent point on September 12, 2003 at CA$ 0.01, and its highest recent level on September 08, 2006 at CA$ 9.90. Capella Res. has 81 975 000 shares outstanding. |