VANCOUVER, BRITISH COLUMBIA, November 13 /CNW/ - CAPELLA RE
(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.
Per: "R.A. Bruce McDonald"
R.A. Bruce McDonald, Non-Executive Chairman of the Board
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