Tinton Gold Project is a 100% owned project of Capella Resources Ltd / Capella Resources. Contained in 157 unpatented mining claims, the Tinton property is a 1270 hectare landholding of the company. The project is located 15 kilometers west-northwest of the famous Homestake Mine which has been active in the Tinton area for over 125 years. The mine is situated in the Black Hills at Lead which are intersected by two major plate scale structures and at their intersection gold production of over 45 million troy ounces has been realized.
Work performed by Capella Resources Ltd. and Capella Resources. on its Tinton property includes a regional gravity survey, systematic sampling for gold of the Eocambrian outcrops, and two deep core holes (WR-93-1 and WR-94-2), spaced approximately 7 km apart. According to the company’s geologists, there are evidences of a blind Homestake-style deposit with 40 million ounce potential to be situated under Paleozoic cover in the area of the Capella Claims Group on the east side of the Tinton Dome.
On behalf of the company Brain Cole, P. Geo completed an independent review of the Tinton Gold Project in which he analyzed 16 contiguous chip samples which were taken from the nearby adit that contained anomalous gold in basal Deadwood sandstone. Out of the 16 samples that were analyzed, 14 samples were taken from sandstone while, the remaining 2 were taken from an Eocene-age intrusive sill. The analysis had shown that nine out of fourteen samples in sandstone contained gold values more than 100ppb. For its Tinton property, the company also received permits for drilling a 2000 meter hole to the east of the adit. For more information on Capella Resources Ltd and Capella Resources, please browse through www.capellaresourcesltd.com.
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