Capella Announces Update on Its Atlantic Canada Properties



    VANCOUVER, BRITISH COLUMBIA, November 13 /CNW/ - CAPELLA RE

SOURCES LTD. (TSX VENTURE:CPS) ("CAPELLA" or the "Company") announces that it has completed drilling eight holes at each of its Hoyt and Harvey properties both located in New Brunswick. Current plans are to complete drilling an additional four holes at the Hoyt property and two additional holes at the Harvey property and then move the drill rigs to the Company's Titus property in Nova Scotia to complete a 14 hole program prior to mid-December of this year. Capella has sent more than 1,600 core samples from its Hoyt and Harvey properties for processing. The Company logs and splits the drill core after it is pulled and submits the same to a sample preparation lab in Fredericton and from there the samples are air-freighted to Toronto for chemical assay testing. Capella has been advised by the testing facility that as a consequence of high year-end volume of samples being submitted to the facility that it is unable to provide Capella with an accurate projection of when the assay results will be complete. Capella will make every effort to expedite the release of the assay results to the public as soon as the Company receives such information from the testing facility. About Capella Resources Ltd. The Company is a publicly traded, junior exploration company with over 25,000 mineral exploration claims covering an aggregate land area coverage of over 1.2 million acres (495,264 hectares) in Atlantic Canada (Nova Scotia, New Brunswick and Newfoundland and Labrador). The Company holds a 100% interest in the Tinton Gold Project located 15 kilometres west-northwest of the famous and historic Homestake Mine in the Black Hills at Lead, South Dakota. The property consists of 1,270 hectares contained in 157 unpatented mining claims. The Company also holds a 100% interest in the Nevada and Dorado Gold and Copper properties located in the Maricunga Gold and Copper District approximately 700 kilometres northwest of Santiago, Chile. The properties are comprised of ten exploration claims and six exploitation claims totalling a cumulative 3,500 hectares in area. CAPELLA RE

SOURCES LTD. Per: "R.A. Bruce McDonald" R.A. Bruce McDonald, Non-Executive Chairman of the Board Not for distribution to the United States newswire services or for dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information:

For further information: Skyline Investor Relations Brian Cole, Toll
Free: 1-866-433-3356 or 604-733-3356 info@skylineir.com

Organization Profile

CAPELLA RESOURCES LTD.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890