Capella Minerals Ltd. announced the imminent commencement of diamond drilling at the Company's Killero gold-copper project in the Central Lapland Greenstone Belt of northern Finland. The Killero project is a former Anglo American plc project that was defined by significant gold-copper Base of Till anomalies but never drill tested. This current drill program will focus on the Killero E gold-copper target and is fully-funded as it forms part of the Tumad Definitive Agreement as announced on September 2, 2025.
Highlights: The Company's maiden diamond drilling program at the Killero 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 Killero E anomaly. The Killero E target is part of a former Anglo American plc projects that was defined by significantgold-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 Green stone Belt).
Capella subsequently completed a high-resolution drone magnetic survey over the Killero 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 Se isunselka 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. Capella acquired its Central Lapland Greenstone belt project interests - including at Killero - from ASX-listed Anglo American plc Ltd. through an earn-in agreement which was announced on August 24, 2021. Capella currently owns an 80% interest in the Killero project, and the project now forms part of the September 2, 2025 Tumad earn-in agreement.
