The latest update is out from Capella Minerals ( (TSE:CMIL) ).
Capella Minerals Ltd, in partnership with Teako Minerals Corp, has initiated a diamond drilling program at the Åmot target within the Løkken VMS project in Norway. This marks the first drilling effort at the 2km-long Åmot target, which has been identified as a promising site for copper-cobalt-zinc deposits through modern exploration techniques. The project aims to leverage the favorable geological conditions of the region to potentially discover new VMS deposits, enhancing Capella’s strategic positioning in the mining sector. The ongoing private placement aims to raise funds to support these exploration activities.
More about Capella Minerals
Capella Minerals Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects that target valuable metals such as copper, cobalt, and zinc, with a strategic emphasis on VMS (Volcanogenic Massive Sulfide) deposits. Capella has formed a strategic partnership with Teako Minerals Corp to enhance its exploration efforts in the Løkken VMS district in central Norway.
Average Trading Volume: 39,128
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.58M
See more data about CMIL stock on TipRanks’ Stock Analysis page.