Base Metal Projects - Labrador, Canada

Base metals are at some of the highest prices in recent history as demand outstrips supply and inventories run low. Industrial metal prices have risen relentlessly setting new records in 2006.

In May, 2007 Capella acquired extensive land positions in Atlantic Canada, more specifically, the provinces of Newfoundland, Labrador, New Brunswick and Nova Scotia. The claims were secured by way of a share exchange with Tripple Uranium Resources Inc., a wholly-owned subsidiary of Capella. In 2007 Capella actively pursued simultaneous exploration in the provinces with three airborne geophysical surveys, three exploration drills and over 30 in-field committed geosciences professionals. The more than $5M geophysical survey program enabled large-scale simultaneous exploration coverage and immediate targeting for drilling.

This aggressive exploration campaign resulted in Capella's uranium discovery in New Brunswick, the identification of over 50 EM targets in Labrador and the discovery of highly anomalous surface base metal mineralization in Nova Scotia.