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Capella Resources Identifies New Copper/Gold Targets in Peru

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.

Joel Scanlon

Written by

Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.

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