Fjordland and Capstone’s Update on Tak Project

Fjordland Exploration Inc. (TSXV:FEX) announced that Capstone Mining Corp. (TSX:CS) has sanctioned a financing and work program for the Phase 4 at the Tak Project.

As quoted in the press release:

The Tak portion of the project consists of 9 non-contiguous claim blocks (Moffat, Moffat East, Tisdall, Canim, Howard Lake, LaHache, Hazel North, Hazel South and HR), with a total area of 48,350 hectares. To date, under the option agreement, Capstone has funded exploration expenditures totaling $827,087.09 in three phases of work on the Tak portion. Phase 3 expenditures completed during 2011 totaled $526,790.

Click here to read the Fjordland Exploration Inc. (TSXV:FEX) press release.