Capella Initiates Maiden Diamond Drill Program at the Killerö Gold-Copper Project, northern Finland
Capella Initiates Maiden Diamond Drill
Program at the Killerö Gold-Copper Project,
northern Finland
VANCOUVER, BC
,
Dec. 10, 2025
/CNW/ -
Capella Minerals Ltd.
(TSXV: CMIL) (FRA: N7D2)
("
Capella
" or the "
Company
") is pleased to announce the imminent commencement of diamond
drilling at the Company's Killerö gold-copper project in the Central Lapland Greenstone Belt of
northern
Finland
. The Killerö project is a former
Anglo American
plc project that was defined by
significant gold-copper Base of Till ("BoT") anomalies but never drill tested. This current drill program
will focus on the Killerö E gold-copper target and is fully-funded as it forms part of the Tümad
Definitive Agreement as announced on
September 2
, 2025.
Highlights
The Company's maiden diamond drilling program at the Killerö E gold-copper target in northern
Finland
is now underway. This first-pass drill program is expected to consist of an initial 11
holes /
2,200 m
of diamond drilling and will provide an initial test of approximately 1km strike
extent of the Killerö E anomaly (Figures 1 & 2).
The Killerö E target is part of a former
Anglo American
plc project that was defined by
significant gold-copper BoT anomalies (with maximum BoT values up to 0.59% Cu and 145ppb
Au, both of which are considered to be exceptional for the Central Lapland Greenstone Belt).
Capella subsequently completed a high-resolution drone magnetic survey over the Killerö area,
which resulted in the definition of a clear NE-trending structural corridor which is broadly
associated with the BoT gold-copper anomaly.
Capella is also evaluating concurrent BoT drilling at the nearby Jolhikko and Seisunselka
targets. Both Jolhikko and Seisunselka are interpreted by the Company to display geological
features typical of Precambrian orogenic gold deposits, with BoT drilling now required to
determine the distribution of precious metals within these areas.
The Company expects a temporary shutdown of drilling to occur
between December 22 and January
2
for the holiday season, with drilling then expected to be reinitiated on
January 3, 2026
.
Eric Roth
, Capella's President and CEO, commented
: "I am extremely pleased to be announcing
the commencement of core drilling at our Killerö E gold-copper target in northern
Finland
. The
Central Lapland Greenstone Belt contains some of the most prospective geology globally for the
discovery of Precambrian orogenic gold and copper deposits, including the recent 3.5Moz Au Ikkari
discovery
1
which was first identified from a single Base of Till sample with 200ppb Au. I sincerely
look forward to keeping all stakeholders updated as we move forward with drilling at Killerö E".
1
Probable Mineral Reserve 52MT @ 2.1 g/t Au: Rupert Resources Pre-Feasibility Study 2025.
Figure 1. Location of the Central Lapland Greenstone Belt in northern Finland (LHS), together with
the approximate locations of Capella’s five exploration licences (Killerö E, Killerö W, Jolhikko,
Seisunselka, and Saattopora W) overlain on Capella’s high-resolution magnetic dataset (RHS).
(CNW Group/Capella Minerals Limited)
Figure 2. Combined gold-copper BoT anomaly and NE-trending structural corridor at the Killerö E
target. Initial
drilling will focus on the approximately 1km strike extent of the core BoT anomaly.
(CNW Group/Capella Minerals Limited)
Capella acquired its Central Lapland Greenstone Belt project interests – including at Killerö - from
ASX-listed Cullen Resources Ltd (ASX: CUL) through an earn-in agreement which was announced
on
August 24, 2021
. Capella currently owns an 80% interest in the Killerö project, and the project
now forms part of the
September 2, 2025
Tümad earn-in agreement.
Qualified Persons and Disclosure Statement
The technical information in this news release relating to the Killerö gold-copper project has been
prepared in accordance with Canadian regulatory requirements set out in 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 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.
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
).
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 14:46e 10-DEC-25