Capella Resources Reports Drill Results from the Harvey Project - New Brunswick.VANCOUVER, British Columbia -- CAPELLA RESOURCES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CPS) ("Capella" or the "Company") further to the Company's news release dated November 28, 2007, Capella announces further results from its Phase 1 drill program on its Harvey uranium project located 35 kilometers southwest of Fredericton, New Brunswick (the "Harvey Project"). The Company has received approximately 29% of the 755 samples from the Harvey Project, which consisted of a 10-hole diamond drill program totaling 2,880 meters. Core samples were sent to Activation Laboratories Ltd. of Ancaster, Ontario and analyzed using ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. / Mass Spectrometry for Whole Rock and trace elements (reported in parts-per-million ("ppm") - U elemental). Samples were also analyzed for U ppm by Neutron Activation. The Company previously reported results on drill hole HL-004 returned 1.5 meters of 0.094% U3O8 (1.88 pounds U3O8 per short ton) between 10.1 and 11.6 meters down-the-hole (including 0.8 meters of 0.120% U3O8). New assay data on drill hole HL-004 extended mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. from 10.1 to 12.4 meters for a total of 2.3 meters of 0.094% U3O8 (1.88 pounds U3O8 per short ton). A second mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. horizon within drill hole HL-004 yielded 0.24% U3O8 (4.71 pounds U308 per short ton over 1.2 meters) including 0.6 meters of 0.447% U3O8 (8.93 pounds U3O8 per short ton) between 36.5 and 37.7 meters. Further drill intersections include 5.4 meters of 0.028% U308 (0.56 pounds U3O8 per short ton) between 102.6 and 108 meters from drill hole HL-005. Drill Hole HL-008 identified a zone of 2.0 meters of 0.052% U3O8 (1.04 pounds U3O8 per short ton) from 65.6 to 67.6 meters (including 0.3 meters of 0.156% U308). All drill holes at the Harvey Property were drilled at a -80 degrees angle, normal to the shallow southeast dipping stratigraphy stratigraphy, branch of geology specifically concerned with the arrangement of layered rocks (see stratification). Stratigraphy is based on the law of superposition, which states that in a normal sequence of rock layers the youngest is on top and the oldest on the indicating that mineralized intersections are at or near true width. The drill holes are spaced approximately 150 meters apart and mineralized zones reported herein are believed to correlate stratigraphically. Uranium mineralization at the Harvey Project is stratabound volcanogenic vol·ca·no·gen·ic adj. Of volcanic origin. and hosted in shallow-dipping, Early Carboniferous subaerial sub·aer·i·al adj. Located or occurring on or near the surface of the earth. volcanic and volcaniclastic rocks of the Harvey group. The host rocks represent the remnants of an epicontinental caldera caldera: see crater. caldera Large, bowl-shaped volcanic depression that forms when the top of a volcanic cone collapses into the space left after magma is ejected during a violent volcanic eruption. The term is Spanish for “caldron. complex probably similar to the Mount Pleasant Complex that formed during the initial stages of development of the Maritimes Basin as a consequence of the voluminous late to post orogenic magmatism. The Company will release further results from the Harvey Project as assay results are received. The Company expects to commence a Phase 2 drill program for the Harvey Project in spring of 2008. About Capella Resources Ltd. The Company is a publicly traded, junior exploration company with a 100% interest in the Nevada and Dorado Gold and Copper properties located in the Maricunga Gold and Copper District approximately 700 kilometers northwest of Santiago, Chile. The properties are comprised of ten exploration claims and six exploitation claims totaling a cumulative 3,500 hectares in area. The Company holds a 100% interest in the Tinton Gold Project located 15 kilometers west-northwest of the famous and historic Homestake Mine in the Black Hills at Lead, South Dakota Lead (pronounced as "leed") is a city in Lawrence County, South Dakota, United States. The population was 3,027 at the 2000 census. Lead is located in western South Dakota, in the Black Hills near the Wyoming state line. . The property consists of 1,270 hectares contained in 157 unpatented mining claims. The Company also holds 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 Newfoundland and Labrador, province, Canada Newfoundland and Labrador (ny `fənlənd, ny ).
Richard Bachman, Chief Geological Officer and qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects) has reviewed and approved the content of this news release. CAPELLA RESOURCES LTD. per: "Richard Bachman" Richard Bachman, Chief Executive Officer, President & Chief Geological Officer 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 TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of this release. |
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