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
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 email@example.com