Capella Resources has identified a new copper/gold porphyry target on its property in Peru. The airborne magnetic geophysical survey on the El Rojo and Habanero properties located in southern Peru was conducted by Geotech Ltd from Aurora in Ontario.
The Z tipper electromagnetic system or ZTEM was used due to its ability to resolve the deeper porphyry-style targets and penetrate the "silica-cap" that is often present in nearby mineralization systems. The properties are seen to be located within the regional mineralization trend of Andahuaylas.
The aeromagnetic data and ZTEM, collected at 300 meter line spacing indicate a presence of positive magnetic and ZTEM anomalies in both concessions. The analysis of satellite data has evidenced possible hydrothermal alteration assemblages indicative of argillic and steam-heated argillic in and around the Properties and showed correlation with the observed regional magnetic and circular geomorphologic features .
The data collected so far also suggests that at Habanero there is an isolated positive response zone exhibiting hydrothermal alteration assemblages towards the periphery where the surface volcanic cover has been removed. The Company is now preparing for a drill program to follow up the reports from the initial survey with sampling and mapping on both the properties.