Capella Resources is a Canada based junior exploration and mining development company. The company holds an extensive land position in the areas of Newfoundland and Labrador. It has over 2,900 mineral claims covering more than 74,000 hectares of land, and has been actively exploring for nickel, copper, chromium, titanium and other base metals in the central and south-eastern areas of Labrador. The mineral claims in these areas were included as a part of the airborne geophysical surveys which included magnetics, electromagnetics and radiometrics and were conducted in 2007. While searching for a Voisey's Bay-Style deposit, the Labrador properties identified over 50 Nickel/Copper and other base metal Electro-magnetic ("EM") anomalies. Voisey's Bay is the world's richest nickel-copper-cobalt deposit, found in northern Labrador.
In order to support ground-truthing of geophysical data and cue-in for over 200 permitted drilling targets, Capella Resources set up a forward base of operations in Labrador. A total of 18 of the top ranked EM anomalies were targeted for ground follow-up during 2008. To validate and rank the anomalies in five locations around Snegamook Lake and Wilson Lake in Capella's Central Claims area in Labrador, a team comprising of nine experts was dispatched and a total of 99 surface samples were collected and analyzed. These surface sampling results included peak copper assay values greater than 1%.
While the south-eastern claims group of Labrador consists of an area where the metamorphic suite including hornfels facies, gneiss, paragneiss, amphibolite, dominates geology. Anorthosite and granite have also been reported in this area. Geophysical targeting in this area has thus, resulted in the identification of seven areas of company's interest. For more information on Capella Resources Ltd., please browse through http://www.capellaresources.com
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