Capella Provides Update on Killero E Drilling, Northern Finland
Capella Provides Update on Killero E Drilling,
Northern Finland
VANCOUVER, BC
,
March 24, 2026
/CNW/ -
Capella Minerals Ltd.
(TSXV: CMIL) (OTC Pink:
CMILF) (FRA: N7D) ("
Capella
" or the "
Company
") is pleased to report that it has successfully
completed a maiden diamond drill program at the Killero E gold-copper project in the Central
Lapland Greenstone Belt of northern Finland. A total of 1,946 m of diamond drilling in 9 holes (eight
completed and one abandoned) was completed the week of March 16, 2026 (Figure 1; Table 1).
The Killero E drill program represents the first phase of a 12,000m drill commitment for 2026 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).
The current drill program has provided the Company with a first-pass evaluation of the potential
source(s) for the historic gold-copper Base of Till ("BoT") geochemical anomaly (as defined by Anglo
American plc) and which is associated with a prominent NE-trending structural corridor and E-W-
trending magnetic (mafic) units (see Company News Release dated May 30, 2023). Drill core
logging and sampling are currently underway at a dedicated facility located in Sodankylä, northern
Finland, with samples being dispatched to ALS Sodankylä for preparation and subsequent analysis.
The Company currently expects to be able to report all assays for the drill program in April.
Eric Roth, Capella's President and CEO,
commented today:
"I am pleased to be announcing the
completion of the first diamond drill program for 2026 which is part of our strategic partnership / JV
with Tümad. Despite various operational and logistical challenges, this program has provided us with
an excellent first look at the geology and mineralization styles underlying the historical BoT anomalies
at Killero E. With above-freezing temperatures registered this past week at the project, we currently
expect our window for winter drilling to close shortly (and well before our projected season close of
April 15). In the meantime, I look forward to keeping the market updated with the full assay results
as soon as they come to hand."
Figure 1. Location map (LHS) and drilling completed at Killero E overlain on magnetic data (RHS).
(CNW Group/Capella Minerals Limited)
Upcoming Drill Programs – Finland and Norway
A total of 1,946m of diamond drilling has now been completed on our Northern Finland Gold-
Copper Project as part of the Tümad strategic partnership / JV. The remaining 2,000m drill
commitment for Northern Finland is currently expected to be distributed between two drill-ready
gold targets at Killero W, interpreted extensions to the former Saattopora Gold-Copper Mine at
Saattopora W, potential new targets generated by BoT sampling at Jolhikko and Seisunselka
(see below), and follow-up drilling at Killero E.
Reconnaissance BoT drilling in Northern Finland has also just commenced on the Seisunselka
and Jolhikko conceptual gold targets. Both targets were developed on the Company's
interpretation of favourable underlying geology for buried gold deposits.
Planning for an 8,000m summer (July to October) diamond drill program at the Hessjogruva
copper-cobalt-zinc project in central Norway also continues. Drilling remains subject to final
approval of the updated drill permit for Hessjogruva).
Killero E Drill Holes – Locations and Technical Data
Table 1. Technical data relating to Killero E drill holes completed in Q1, 2026.
Hole
East
North
Altitude
Azi
Dip
Depth
Core
Comments
KE-001
406,631
7,514,770
203.6m
145
-45
301.50m
HQ
Complete
KE-001A
406,627
7,514,775
203.0m
145
-55
269.30m
HQ
Complete
KE-001B
406,627
7,514,775
203.0m
180
-45
241.20m
NQ
Complete
KE-002
406,563
7,514,516
206.6m
145
-50
83.10m
NQ
Complete
KE-003
406,487
7,514,627
202.7m
145
-45
211.80m
NQ
Complete
KE-004
406,343
7,514,484
201.5m
145
-45
50.50m
NQ
Abandoned*
KE-005
406,234
7,514,248
207.9m
140
-50
250.65m
NQ
Complete
KE-006
406,129
7,514,089
204.0m
170
-45
301.45m
NQ
Complete
KE-007
406,557
7,514,874
200.0m
220
-50
299.15m
NQ
Complete
Total
1,946.85
Footnotes:
i) Datum used for Eastings ("East") and Northings ("North") is WGS84/UTM Zone 35N,
ii) * KE-004 could not be completed as a result of a mechanical failure on the drill rig.
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).
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 24-MAR-26