Capella Launches Maiden Drilling at Cullen’s Killerö Gold-Copper JV in Finland
Capella Minerals has commenced its first diamond drilling program at the Killerö gold-copper project in northern Finland, marking a significant step forward in Cullen Resources’ Northern Finland joint venture. The initial drilling aims to test high-potential anomalies within the Central Lapland Greenstone Belt.
- Maiden diamond drilling program initiated at Killerö E gold-copper target
- Initial 11 holes planned to test 1km strike of significant Base of Till anomalies
- Cullen holds 30% free carried interest to feasibility study in the joint venture
- Project part of a broader earn-in agreement with Turkish partner Tümad
- Drilling temporarily paused for holidays, set to resume early January 2026
Exploration Milestone in Northern Finland
Cullen Resources Limited’s joint venture partner, Capella Minerals, has officially kicked off the maiden diamond drilling program at the Killerö gold-copper project, located in the highly prospective Central Lapland Greenstone Belt of northern Finland. This marks a pivotal moment for Cullen, which retains a 30% free carried interest through to the feasibility study stage, as the drilling will provide the first direct test of significant gold and copper anomalies identified in the area.
Targeting Exceptional Anomalies
The Killerö E target, previously explored by Anglo American but never drill tested, exhibits impressive Base of Till (BoT) anomalies with copper values reaching up to 0.59% and gold concentrations as high as 145 parts per billion. These figures are notable within the context of the Central Lapland Greenstone Belt, a region known for hosting world-class Precambrian orogenic gold deposits. Capella’s recent high-resolution drone magnetic survey further refined the target area by identifying a northeast-trending structural corridor closely associated with these anomalies.
Strategic Partnerships and Funding
The drilling program, consisting initially of 11 holes totaling approximately 2,200 metres, is fully funded under a definitive earn-in agreement signed with Turkish mining company Tümad Madencilik Sanayi Ve Ticaret A.S. This agreement includes a substantial commitment of 12,000 metres of diamond drilling across Capella’s Scandinavian portfolio, underscoring the strategic importance of these projects. Cullen’s partnership with Capella and Tümad positions the joint venture to advance exploration efficiently while mitigating financial risk.
Broader Exploration Context
Beyond Killerö, Capella is also evaluating nearby targets such as Jolhikko and Seisunselka, which exhibit geological characteristics typical of orogenic gold deposits. These concurrent efforts highlight the potential for multiple discoveries within the Central Lapland Greenstone Belt. The drilling program is temporarily paused for the holiday season, with operations expected to resume in early January 2026, maintaining momentum into the new year.
Looking Ahead
With drilling underway, Cullen and its partners are poised to unlock the potential of a region that has already yielded significant discoveries, such as the nearby 3.5 million ounce Ikkari gold deposit. The coming months will be critical as assay results emerge, potentially reshaping the valuation and strategic outlook for Cullen’s Northern Finland assets.
Bottom Line?
As drilling progresses, Cullen’s Northern Finland JV could soon reveal new gold-copper resources that reshape its exploration narrative.
Questions in the middle?
- What initial assay results will reveal about the size and grade of the Killerö E deposit?
- How will Tümad’s investment influence the pace and scale of exploration activities?
- Could nearby targets Jolhikko and Seisunselka yield additional discoveries to complement Killerö?
