{"id":457641,"date":"2021-03-15T09:03:43","date_gmt":"2021-03-15T13:03:43","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457641"},"modified":"2021-03-15T09:03:43","modified_gmt":"2021-03-15T13:03:43","slug":"auger-drill-program-underway-at-the-southern-gold-line-project-sweden","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\/","title":{"rendered":"Auger Drill Program Underway at the Southern Gold Line Project, Sweden"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">VANCOUVER, BC<\/span>, <span class=\"xn-chron\">March 15, 2021<\/span> \/PRNewswire\/ &#8211; Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) (the &#8220;Company&#8221; or &#8220;Capella&#8221;) is pleased to advise that an auger till sampling program is now underway on the R\u00f6tj\u00e4rnen claim block, which lies at the southern end of the Company&#8217;s Southern Gold Line Project, <span class=\"xn-location\">Sweden<\/span>. The primary aim of this till sampling program is to provide geochemical vectors towards potential sources for the gold-mineralized boulders identified on surface at R\u00f6tj\u00e4rnen. <\/p>\n<p>Planning is also well advanced for the initiation of early-Spring field activities on the Southern Gold Line, including the undertaking of a high-resolution drone magnetic survey over key target areas and the continuation of low-cost regional reconnaissance Bulk Leach Extractable Gold (&#8220;BLEG&#8221;) sampling over the remainder of this highly prospective, 500 square kilometre property package.\u00a0 <\/p>\n<p>\n        <b>Highlights <\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>An auger till sampling program is now underway on the southernmost R\u00f6tj\u00e4rnen claim at the Southern Gold Line Project, <span class=\"xn-location\">Sweden<\/span> (Figures 1-3). The Hilti auger drill program has been designed to identify vectors (so-called &#8220;glacial dispersion plumes&#8221;) to potential source regions of the gold-mineralized boulders previously identified on surface at R\u00f6tj\u00e4rnen. \u00a0Auger drilling is a highly effective, industry-standard exploration tool used in the shallow till-covered terrains of northern Scandinavia. <\/li>\n<li>Reconnaissance diamond drilling completed between 2006 and 2011 on an area located approximately 4km NW of the main gold-mineralized boulder field at R\u00f6tj\u00e4rnen was focused on individual magnetic anomalies within a regional flexure zone. Whilst anomalous gold values are reported from some holes (SGU Geological Survey of <span class=\"xn-location\">Sweden<\/span> project reports), no systematic work has been completed since along strike from these intercepts. <\/li>\n<li>Planning is also well advanced for the initiation of early-Spring field activities on the Southern Gold Line, including the undertaking of a high-resolution drone magnetic survey over key target areas and the continuation of regional reconnaissance BLEG sampling over the remainder of the claim block.\u00a0 <\/li>\n<\/ul>\n<p>Link to figures: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3095732-1&amp;h=3146237210&amp;u=https%3A%2F%2Fcapellaminerals.com%2Fsite%2Fassets%2Ffiles%2F6010%2F2021_03_15_sgl_update.pdf&amp;a=https%3A%2F%2Fcapellaminerals.com%2Fsite%2Fassets%2Ffiles%2F6010%2F2021_03_15_sgl_update.pdf\" rel=\"nofollow noopener noreferrer\">https:\/\/capellaminerals.com\/site\/assets\/files\/6010\/2021_03_15_sgl_update.pdf<\/a><\/p>\n<p>\n        <span class=\"xn-person\">Eric Roth<\/span>, Capella&#8217;s President and CEO, commented today: &#8220;I am very pleased to be reporting the commencement of auger drilling on our R\u00f6tj\u00e4rnen claim at the Southern Gold Line. Previous exploration activities have already resulted in the successful discovery of gold-bearing boulders on surface at R\u00f6tj\u00e4rnen, with the auger drilling now assisting us with the task of vectoring in to potential source areas. Auger drilling is a highly effective exploration tool used in those parts of northern Scandinavia where thin glacial till cover commonly masks prospective gold targets.\u00a0 <\/p>\n<p>With the imminent arrival of Spring we are also well advanced with planning for further fieldwork, including the undertaking of a high resolution drone magnetic survey and the restarting of our low-cost regional BLEG sampling program. I look forward to keeping the market updates as our drill target prioritization activities advance at the Southern Gold Line&#8221;. <\/p>\n<p>\n        <b>About the Southern Gold Line Project<\/b>\n      <\/p>\n<p>The Southern Gold Line project is located 100 km WSW of the regional administrative centre of Skelleftea in north-central <span class=\"xn-location\">Sweden<\/span>, and was acquired from EMX Royalty Corp (TSXV: EMX) (NYSE American: EMX) &#8211; together with two high-grade copper projects in <span class=\"xn-location\">Norway<\/span>, L\u00f8kken and Kj\u00f8li &#8211; in a deal announced on <span class=\"xn-chron\">August 11, 2020<\/span>. The project consists of 500 square kilometres (50,000ha) of mineral claims located in the immediate vicinity of Dragon Mining Ltd&#8217;s F\u00e4boliden development project and Svartliden gold mine<sup>1<\/sup>. Further to the north of Svartliden lies Agnico Eagle\/Barsele Minerals&#8217;s Barsele gold deposit (0.3Moz Au Indicated Resource and 2Moz Au Inferred Resource; Source &#8211; Barsele Minerals Inc. NI 43-101 Mineral Resource Estimate dated <span class=\"xn-chron\">February 21, 2019<\/span>). <\/p>\n<p>The Southern Gold Line exploration concessions cover areas with similar geologic and structural settings to known gold deposits within the broader Gold Line belt, specifically orogenic gold deposits located at or near granitoid-greenstone contacts. Host rocks to the gold mineralization are Paleo-Proterozoic in age. Reconnaissance sampling and mapping programs are underway over the entire claim block, with the initial BLEG samples having been collected across portions of the licenses showing multiple areas with enrichment of gold in stream sediments. Auger drilling in the highly prospective southern R\u00f6tj\u00e4rnen claim &#8211; where gold-mineralized boulder trains have been identified on surface &#8211; is now underway.\u00a0 <\/p>\n<div>\n<table id=\"convertedTable73ed\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <sup>1<\/sup>\u00a0References made to nearby mines and analogous deposits provide context for the Southern Gold Line project but are not necessarily indicative that the project hosts similar tonnages or grades of gold mineralization.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>Qualified Persons and Disclosure Statement<\/b>\n      <\/p>\n<p>The technical information in this news release relating to the Southern Gold Line project has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101, and approved by <span class=\"xn-person\">Eric Roth<\/span>, the Company&#8217;s President &amp; CEO, a Director, and a Qualified Person under NI 43-101.\u00a0 Mr. Roth holds a Ph.D. in Economic Geology from the University of <span class=\"xn-location\">Western Australia<\/span>, 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 30 years of experience in international minerals exploration and mining project evaluation. <\/p>\n<p>On Behalf of the Board of Capella Minerals Ltd.<\/p>\n<p>\n        <b><br \/>\n          <i>&#8220;Eric Roth&#8221;<\/i><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <b><br \/>\n          <i><br \/>\n            <u>___________________________ <\/u><br \/>\n          <\/i><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <b><br \/>\n          <span class=\"xn-person\">Eric Roth<\/span>, Ph.D., FAusIMM<br \/><\/b><br \/>\n        <b>President &amp; CEO<\/b>\n      <\/p>\n<p>\n        <b>About Capella Minerals Ltd<\/b>\n      <\/p>\n<p>Capella is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and copper deposits. The Company&#8217;s precious metals focus is on the discovery of high-grade gold deposits on its recently acquired Southern Gold Line Project in <span class=\"xn-location\">Sweden<\/span>, in addition to its active Canadian Joint Ventures with Ethos Gold Corp. at Savant <span class=\"xn-location\">Lake (Ontario<\/span>) and Yamana Gold Inc. at Domain (<span class=\"xn-location\">Manitoba<\/span>). The Company also retains a residual interest (subject to an option to purchase agreement with Austral Gold Ltd) in the Sierra Blanca gold-silver epithermal project in <span class=\"xn-location\">Santa Cruz<\/span>, <span class=\"xn-location\">Argentina<\/span>. <\/p>\n<p>The Company&#8217;s copper focus is on the discovery of high-grade massive sulfide (VMS-type) deposits within district-scale land positions around the past-producing L\u00f8kken and Kj\u00f8li copper mines in central <span class=\"xn-location\">Norway<\/span>. Field activities are ongoing on all projects, with the primary focus being to advance priority targets through the permitting process and onwards to drilling and discovery.<\/p>\n<div>\n<table id=\"convertedTablea9d2\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <i>Cautionary Notes and Forward-looking Statements<br \/><\/i><br \/>\n                  <\/b><br \/>\n                  <i>This news release contains forward-looking information within the meaning of applicable securities legislation.\u00a0Forward-looking information is typically identified by words such as:\u00a0believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events.\u00a0Such 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. \u00a0Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct.\u00a0All 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 &#8220;Risks and Uncertainties&#8221; in Capella&#8217;s most recently filed MD&amp;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.<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>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.<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO08388&amp;sd=2021-03-15\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden-301246746.html\">http:\/\/www.prnewswire.com\/news-releases\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden-301246746.html<\/a><\/p>\n<p>SOURCE  Capella Minerals Limited<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=TO08388&amp;Transmission_Id=202103150900PR_NEWS_USPR_____TO08388&amp;DateId=20210315\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire VANCOUVER, BC, March 15, 2021 \/PRNewswire\/ &#8211; Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) (the &#8220;Company&#8221; or &#8220;Capella&#8221;) is pleased to advise that an auger till sampling program is now underway on the R\u00f6tj\u00e4rnen claim block, which lies at the southern end of the Company&#8217;s Southern Gold Line Project, Sweden. The primary aim of this till sampling program is to provide geochemical vectors towards potential sources for the gold-mineralized boulders identified on surface at R\u00f6tj\u00e4rnen. Planning is also well advanced for the initiation of early-Spring field activities on the Southern Gold Line, including the undertaking of a high-resolution drone magnetic survey over key target areas and the continuation of low-cost regional reconnaissance Bulk Leach Extractable Gold (&#8220;BLEG&#8221;) sampling &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Auger Drill Program Underway at the Southern Gold Line Project, Sweden&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-457641","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Auger Drill Program Underway at the Southern Gold Line Project, Sweden - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auger Drill Program Underway at the Southern Gold Line Project, Sweden - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire VANCOUVER, BC, March 15, 2021 \/PRNewswire\/ &#8211; Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) (the &#8220;Company&#8221; or &#8220;Capella&#8221;) is pleased to advise that an auger till sampling program is now underway on the R\u00f6tj\u00e4rnen claim block, which lies at the southern end of the Company&#8217;s Southern Gold Line Project, Sweden. The primary aim of this till sampling program is to provide geochemical vectors towards potential sources for the gold-mineralized boulders identified on surface at R\u00f6tj\u00e4rnen. Planning is also well advanced for the initiation of early-Spring field activities on the Southern Gold Line, including the undertaking of a high-resolution drone magnetic survey over key target areas and the continuation of low-cost regional reconnaissance Bulk Leach Extractable Gold (&#8220;BLEG&#8221;) sampling &hellip; Continue reading &quot;Auger Drill Program Underway at the Southern Gold Line Project, Sweden&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-15T13:03:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO08388&amp;sd=2021-03-15\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Auger Drill Program Underway at the Southern Gold Line Project, Sweden\",\"datePublished\":\"2021-03-15T13:03:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\\\/\"},\"wordCount\":1314,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=TO08388&amp;sd=2021-03-15\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\\\/\",\"name\":\"Auger Drill Program Underway at the Southern Gold Line Project, Sweden - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\/","og_locale":"en_US","og_type":"article","og_title":"Auger Drill Program Underway at the Southern Gold Line Project, Sweden - Market Newsdesk","og_description":"PR Newswire VANCOUVER, BC, March 15, 2021 \/PRNewswire\/ &#8211; Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) (the &#8220;Company&#8221; or &#8220;Capella&#8221;) is pleased to advise that an auger till sampling program is now underway on the R\u00f6tj\u00e4rnen claim block, which lies at the southern end of the Company&#8217;s Southern Gold Line Project, Sweden. The primary aim of this till sampling program is to provide geochemical vectors towards potential sources for the gold-mineralized boulders identified on surface at R\u00f6tj\u00e4rnen. Planning is also well advanced for the initiation of early-Spring field activities on the Southern Gold Line, including the undertaking of a high-resolution drone magnetic survey over key target areas and the continuation of low-cost regional reconnaissance Bulk Leach Extractable Gold (&#8220;BLEG&#8221;) sampling &hellip; Continue reading \"Auger Drill Program Underway at the Southern Gold Line Project, Sweden\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-15T13:03:43+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO08388&amp;sd=2021-03-15","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Auger Drill Program Underway at the Southern Gold Line Project, Sweden","datePublished":"2021-03-15T13:03:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\/"},"wordCount":1314,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO08388&amp;sd=2021-03-15","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/auger-drill-program-underway-at-the-southern-gold-line-project-sweden\/","name":"Auger Drill Program Underway at the Southern Gold Line Project, Sweden - 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