Capella Initiates Base of Till Sampling Programs on the Seisunselka and Jolhikko Gold Targets, Northern Finland
Capella Initiates Base of Till Sampling
Programs on the Seisunselka and Jolhikko
Gold Targets, Northern Finland
VANCOUVER, BC
,
March 30, 2026
/CNW/ -
Capella Minerals Ltd.
(TSXV: CMIL) (OTC Pink:
CMILF) (FRA: N7D) ("
Capella
" or the "
Company
") is pleased to announce that it has commenced
Base of Till ("BoT") geochemical sampling programs on its Seisunselka and Jolhikko gold targets in
the Central Lapland Greenstone Belt of northern Finland. The Seisunselka and Jolhikko targets are
located 14 km NW and 8km WSW, respectively, of the recently completed diamond drill program at
Killerö E (Figure 1) and have been identified as highly prospective for orogenic gold deposits from
interpretation of high-resolution drone magnetic data (see Company News Release dated May 17,
2022).
The Seisunselka and Jolhikko BoT sampling programs are fully funded and form part of the earn-in
commitment by Tümad Madencilik Sanayi Ve Ticaret A.S. ("Tümad") on the Company's Finnish and
Norwegian portfolio of projects (see Company Press Release dated September 2, 2025).
Highlights
Reconnaissance Base of Till ("BoT") geochemical sampling programs have been initiated over
the Seisunselka and Jolhikko gold targets in northern Finland. These first-pass BoT (and Top of
Bedrock or "ToB") sampling programs are currently expected to be completed in mid-April, with
assays subsequently expected to be received in late-May (Figure 2).
At Seisunselka, the primary target is orogenic-style gold mineralization hosted in NE-trending
fault/shear zones which cross-cut broadly N-S-trending magnetic stratigraphic units (and
interpreted by the Company to be deformed, iron-rich tholeiitic volcanic rocks).
At Jolhikko, the primary target is orogenic-style gold mineralization associated with a complex
structural zone consisting of both intense folding and fault/shear zones. Host rocks are
interpreted by the Company to be deformed, iron-rich tholeiitic volcanic rocks.
Eric Roth, Capella's President and CEO,
commented:
"Base of Till sampling programs are a key
element of any exploration program in the Central Lapland Greenstone Belt, with assay results being
used to prioritize new targets for follow-up diamond drilling. Our interpretation of the high-resolution
drone magnetic data for Seisunselka and Jolhikko indicates that these areas display many
characteristics of Precambrian orogenic gold systems, so we are excited to get the BoT programs
underway. And as both Seisunselka and Jolhikko are fully permitted exploration licenses, the
Company will be able to follow up with diamond drilling on any anomalous areas identified through
the BoT sampling. I look forward to keeping markets updated on progress."
Next Steps – Northern Finland (Q2 & Q3, 2026)
Complete BoT sampling programs at Seisunselka and Jolhikko in mid-April, 2026.
Full assay results for the first-pass Killerö E core drill program expected during April, 2026.
Further diamond drilling at Killerö W (two drill-ready targets), Saattopora W (drill planning in
progress), and anomalous areas defined from the current BoT surveys at Seisunselka and
Jolhikko is currently expected to be undertaken during the 2026 summer.
Figure 1. Location of the Seisunselka and Jolhikko Base of Till targets. (CNW Group/Capella
Minerals Limited)
Figure 2. Base of Till / Top of Bedrock sampling rig and samples. (CNW Group/Capella Minerals
Limited)
Qualified Persons and Disclosure Statement
The technical information presented in this news release has been prepared in accordance with
Canadian regulatory requirements as set out in National Instrument 43-101 ("NI 43-101") and
approved by Eric Roth, the Company's President & CEO, a Director, and a Qualified Person under
NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is
a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and is a Fellow of the Society
of Economic Geologists (SEG). Mr. Roth has over 35 years of experience in international minerals
exploration and mining project evaluation.
On Behalf of the Board of Capella Minerals Ltd.
"Eric Roth"
___________________________
Eric Roth, Ph.D., FAusIMM
President & CEO
About Capella Minerals Ltd
Capella is a Canadian exploration and development company with a focus on generating gold-copper
projects globally.
On January 15, 2026, Capella announced the signing of a Binding Letter of Intent with Verde Metals
with respect to an Earn-In Agreement on the
Solana
Iron-Oxide Copper-Gold ("IOCG") project in
southern Spain. Data reviews are currently underway to prioritize both high-grade copper-gold vein
targets as well as buried IOCG deposits, and first core drilling is expected in late-2026.
Capella announced on September 2, 2025, the signing of a Definitive Agreement with Turkish mining
company, Tümad Madencilik Sanayi Ve Ticaret A.S. ("Tümad"), for a staged earn-in on the
Company's portfolio of precious and base metal projects in Scandinavia. Tümad's minimum Year 1
investment commitment includes 12,000m of diamond drilling on the Company's gold-copper projects
in the Central Lapland Greenstone Belt of northern Finland (4,000m) and copper-cobalt-zinc VMS
projects in central Norway (8,000m). The Company currently owns 80% of the northern Finland
projects, in accordance with an earn-in agreement signed with ASX-listed Cullen Resources Ltd
(ASX: CUL) and announced on August 24, 2021.
Capella also retains a carried 10% interest through to production on the Løkken copper-cobalt-zinc
VMS project of central Norway through a partnership with Teako Minerals Corp. ("Teako"). In
addition, Capella holds Net Smelter Royalties on the Savant Gold Project in Ontario, Canada
(BeMetals Corp.) and the Central Finland Lithium Projects (Grit Metals Corp.), as a result of the
recent divestiture of non-core assets.
For additional information you are cordially invited to visit the Capella Minerals Ltd website at
www.capellaminerals.com
, or to contact Karen Davies, VP Communications and Corporate
Development, at Tel: +1.604.314.2662.
Cautionary Notes and Forward-looking Statements
This news release contains forward-looking information within the meaning of applicable securities
legislation.
Forward-looking information is typically identified by words such as:
believe, expect,
anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature,
refer to future events.
Such statements include, without limitation, statements regarding the future
results of operations, performance and achievements of Capella, including the timing, completion
of and results from the exploration and drill programs described in this release.
Although the
Company believes that such statements are reasonable, it can give no assurances that such
expectations will prove to be correct.
All such forward-looking information is based on certain
assumptions and analyses made by Capella in light of their experience and perception of historical
trends, current conditions and expected future developments, as well as other factors management
believes are appropriate in the circumstances. This information, however, is subject to a variety of
risks and uncertainties and other factors that could cause actual events or results to differ
materially from those projected in the forward-looking information. Important factors that could
cause actual results to differ from this forward-looking information include those described under
the heading "Risks and Uncertainties" in Capella's most recently filed MD&A. Capella does not
intend, and expressly disclaims any obligation to, update or revise the forward-looking information
contained in this news release, except as required by law. Readers are cautioned not to place
undue reliance on forward-looking information.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Capella Minerals Limited
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For further information:
Capella Contacts: Eric Roth, Email: [email protected]; Karen
Davies, +1.604.314.2662
CO: Capella Minerals Limited
CNW 09:00e 30-MAR-26