Capella Minerals Updates on Lithium Exploration in Finland
Capella Minerals Ltd (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) has announced notable progress by its Joint Venture partner, European Energy Metals Corp. (TSX.V: FIN), on the Central Finland Lithium Project. Meeting a core Earn-In Agreement requirement, European Energy invested over CAD 1 million in exploration activities. Their efforts in summer and autumn 2023 led to the identification of multiple high-grade lithium prospects.
Discoveries Pave Way for Drilling
Recent exploration uncovered significant spodumene-bearing boulder formations in the Nabba area, propelling the project forward. Consequently, Capella has filed applications for two Exploration Licenses covering 4,550 hectares, eagerly anticipating the kick-off of initial scout drilling operations.
Technical Information and Project Approval
Eric Roth, Capella’s distinguished President & CEO, and a Qualified Person under NI 43-101 examined and approved the technical content related to the Central Finland Lithium Project. His vast expertise ensures a diligent oversight of the venture’s forward march.
Expansion and Joint Ventures
Capella continues to demonstrate its commitment to mineral resource growth. The company’s strategic disposals and Joint Ventures in Scandinavia highlight its role in the evolving battery metals landscape, especially within the burgeoning Northern Finland Gold-Copper project.
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