Auger Drilling Report For Southern Gold Line Project
VANCOUVER - Capella Minerals Ltd. reported on auger drilling and regional reconnaissance activities on Southern Gold Line Project in northern Sweden. Auger drilling is currently focused on the southernmost Rotjarnen claim, where geochemical vectors are being utilized to determine the source of gold-bearing boulders identified on surface, while prioritization of the remainder of the 500 square kilometer property is being undertaken through regional geochemical surveys and mapping/sampling programs.
Anomalous gold and arsenic values have been returned from initial auger (Hilti) drilling of tills located up the interpreted glacial flow direction from gold-bearing boulders on the Rotjarnen claim. Gold values ranged from below detection limit to 110 parts per billion (ppb) whilst arsenic values, an important pathfinder element in orogenic gold systems, ranged from below detection limit to 40 parts per million ("ppm"). A follow-up auger drill program will be initiated in late-July to continue exploration efforts to the northwest, towards an area where historical scout drilling appears to have targeted gold deposits within a major flexure in a regional structural corridor.
A detailed review of historical scout drilling completed approximately 5km to the NW of the gold-mineralized boulder field at Rotjarnen is underway. A total of 15 scout holes were completed between 2003 and 2013 by third-parties and targeted gold mineralization in a major regional flexure interpreted from airborne magnetic data. Drilling intersected calc-silicate alteration and anomalous gold values in meta-greywacke, although the low tenor of the gold mineralization intersected (best intercept reported as 3m @ 0.19 grams/tonne Au) suggests that the source of the boulder field was not located. Regional reconnaissance-level Bulk Leach Extractable Gold ("BLEG") sampling continues over the remainder of Southern Gold Line, with >50% of the property having been covered to date. The BLEG sampling program will assist with the prioritization of areas for further detailed field evaluation and potential drill target definition. Planning for a high-resolution drone magnetic survey over key target areas on the Southern Gold Line property is also well advanced.
Eric Roth, President and CEO, said, "I am very pleased to be reporting these positive exploration results from our Southern Gold Line project, in addition to welcoming Louise Lindskog aboard as manager of our exploration activities going forward. Our summer 2021 work program will include further auger drilling at Rotjarnen, where we continue to vector in to the source of the gold-mineralized boulders, as well as regional reconnaissance programs over the remainder of the district-scale property. Given the large property size and the need to complete systematic exploration programs, this will be a busy summer for the field crews and is expected to lead to the definition of targets for discovery drilling in 2022."