KJOLI HIGH GRADE COPPER VMS PROJECT
Kjøli High-Grade Copper VMS Project
Capella Minerals 100%
Targeting High-Grade Copper-Rich VMS Deposits in the northern Røros Mining District, Norway
The Company’s Kjøli copper-rich massive sulfide (“VMS”) project represents a district-scale land position in the northern part of the Røros copper mining district, central Norway. The Røros district saw production from a number of high-grade VMS deposits from the mid-1600’s until their closure in the mid-1980’s due to low copper prices. The Kjøli project covers the former Kjøli and Killingdal copper mining operations, together with approximately 15km strike of underexplored but highly-prospective stratigraphy for the discovery of new copper-rich VMS deposits.
Previous work completed at Kjøli included field mapping and an airborne geophysical survey (both magnetic and electromagnetic data), with this work having successfully identified numerous exploration targets for follow-up work. Field work and data reviews completed since then have included:
- Drill target definition within a 4.5 km-long segment of the 15km of prospective strike for copper-rich VMS deposits using a combination of detailed ground magnetics and a trial ionic leach geochemical survey. This 4.5km-long segment contains 4 known (and previously undrilled) occurrences of high-grade copper mineralization: Svenskmenna, Rorosmenna, Guldalsgruve, and Godthap.
- A CARDS Artificial Intelligence (AI) and Data Mining analysis was performed by Windfalls Geotek, and utilized all existing geological, geophysical, and geochemical data in the Kjøli database to “calibrate” the signature of known high-grade copper-zinc occurrences in the district and applying these criteria across the entre property. This analysis successfully identified a total of 13 high-grade copper-zinc targets within the existing Kjøli property, plus a further 11 copper-zinc targets located immediately adjacent. The staking of new exploration claims to cover the 11 external targets was announced on May 10, 2021.
The original 120 square kilometer Kjøli claim block as acquired from EMX Royalty Corp. (NYSE:EMX; TSXV:EMX) in Q3, 2020 has since been expanded to 246 square kilometres to cover previously unexplored occurrences of copper-rich VMS mineralization. These represent additional targets for Capella to bring to drill ready status during the 2021 summer field season.
Project Snapshot
| Location | 85km SE of Trondheim, central Norway |
|---|---|
| Ownership | 100% Capella Minerals Ltd 2.5% NSR to EMX Royalty, with 0.5% purchasable for USD1M |
| Status | Brownfields and greenfields exploration |
| Deposit types | High-grade copper-rich VMS deposits |
| Property Size | 24,600 Ha / 246 sq. km. |
| Host Rocks | Meta-volcanic and sedimentary sequences |
| Age | Cambro-Silurian, Ordovician orogeny |
| Main Economic Elements | Copper, Zinc, Silver, Gold |
| Access | All weather paved highways and gravel roads |
The Kjøli property is favourably located adjacent to the main Trondheim-Røros highway and railway line. The Nesjodammen hydroelectric plant is also located approximately 10km to the NE.
Undrilled outcrop of massive sulfides at Guldalsgruve, located 5km SW of the former Kjøli mine. Channel sample returned 2.5m @ 2.2% Cu.
Kjøli Project Area
The Kjøli project is located in the northern portion of the Røros Mining District, central Norway.