| September 22, 2006 Capella Resources Scheduled to Start Drilling on its Lajitas Gold Project in Northern Chile | |
| Vancouver, B.C., September 22, 2006 - CAPELLA RESOURCES LTD. (TSX-V: CPS) ("Capella" or the "Company") is pleased to announce that it has enter into an agreement with Terraservice S.A., a drilling contractor from Santiago, Chile, to provide drilling services for Phase 1 drill testing of the Lajitas Gold Project located in the Maricunga gold/copper mineral belt located 700 km north of Santiago and 170 km east of Copiapo in Region III. Drilling is scheduled to start on September 27, 2006. The Maricunga Gold Belt of northern Chile has seen significant exploration and minig activity, including activity on the Marte-Lobo, Refugio, La Coipa, Cerro Cassale, El Hueso/ADLF/Jeronimo, La Pepa, and Volcan deposits. These deposits are predominately porphyry gold stockwork systems (± copper) which contain advanced agrillic alteration zones that locally host high-sulphidation and replacement epithemal gold deposits. The Lajitas Project contains a pre-NI 43-101 non-vetted gold resource of 348,000 ounces which was defined by Minera Santa Fe Pacific Chile Ltda. in 1996 utilizing 14 reverse circulation (RC) drill holes consisting of 2,574 meters of drilling. The Company is not treating this historic estimation as a NI 43-101 compliant resource and readers are cautioned to refer to the Company's NI 43-101 compliant report filed on www.sedar.com for a full technical analysis of the Lajitas Gold Project. Capella has completed a ground magnetic geophysical survey over and around the resource area which has defined major fault structures that appear to exhibit control on gold mineralization. The Phase 1 drill test of 2,600 meters of drilling will utilize 11 RC drill holes with the objective to; 1) confirm existing gold mineralization as defined by 1996 pre-NI 43-101 drilling, 2) drill below existing gold mineralization -- some old drill holes ended in mineralization - previous deepest hole 221 meters -- new program will drill to 300 meters, and 3) drill test structural extensions outside of the know mineralization for new gold mineralization with the objective of expanding the existing gold resource. In addition, the Company is please to announce that Mr. Oscar Yoshitaka Yokoi has agreed to join Capella as its South American Manager. Mr. Yokoi has more than 29 years of mining and mineral exploration experience having received a Bachelors of Science in Geology (1977) from the University of Sao Paulo and a Masters of Science in Business Administration (2003) from UNA Belo Horizonte. During his career, Mr. Yokoi was employed by BP Minerals, Brascan, Homestake Mining Company, Votorantim and JOGMEC and has consulted for CVRD, Placer Dome, and Meridian Gold. Mr. Yokoi will take charge of the Lajitas drill program, as well as the Company's activities in Brazil and Argentina. "The Company continues to look for opportunities in the mining and minerals business that will add value for our shareholders. We also believe motivated, talented professionals on our technical team are the most important element in our business plan", stated Richard Bachman, President and Director. The Lajitas drill test will be QCed by Mr. Brian Cole, P. Geo., an independent qualified person under NI 43-101. For further information, please contact Mr. Richard Bachman at 775-721-8883 CAPELLA RESOURCES LTD. Per: "Signed" Richard Bachman, President & Director Not for distribution to the United States newswire services or fir dissemination in the United States. This press 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 has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. | |
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