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Ansell Capital Corp. & St. Elias Mines Ltd.; Exploration Activities at Vilcoro Gold Property, Peru
Ansell Capital Corp. & St. Elias Mines Ltd.; Exploration Activities at Vilcoro Gold Property, Peru
About this update from Briacell Therapeutics Corp
[{"type":"text","content":"\nAnsell Capital Corp. & St. Elias Mines Ltd.; Exploration Activities at Vilcoro Gold Property, Peru\n\n\n Jun. 3, 2010 (TheNewswire.ca) -- June 3, 2010, VANCOUVER, B.C. - Ansell Capital Corp. (TSXV:ACP) (\"Ansell\") and St. Elias Mines Ltd. (TSXV:SLI) (\"St. Elias\") are pleased to announce that an Environmental Impact Study (\"EIS\") has been initiated for the upcoming drill program at the Vilcoro Gold Property (the \"Property\") located in north-central Peru.Environmental Impact StudyThe companies have secured the services of Pasminaa to complete an EIS required by the Government of Peru in order to obtain a drilling certificate. Pasminaa is a professional organization who had successfully completed a previous EIS on the Vilcoro Property. In addition, representatives of the companies are currently in the field negotiating with the owners of surface rights for permission to build drill roads and platforms.A Brief History of ExplorationThere is no historical evidence of systematic exploration on the Property prior to 2007. A Phase I exploration program consisting of mapping, rock channel samples, soil samples and alteration (PIMA) analyses of rock samples was conducted in 2007. A Phase II exploration program consisting of geophysical surveying and the completion of an EIS was carried out in 2008. Drill targets have been identified as a result of these programs and an initial 3,000-metre drill program is recommended.Vilcoro Gold PropertyThe Vilcoro Gold Property, comprising 1,600 hectares, is located near the town of Santiago de Chuco in the sierra of northern Peru. The Property is principally underlain by Tertiary volcaniclastic rocks of the Callipuy Formation. The sierra of northern Peru is one of the most prolific gold-producing regions in the world, and the Callipuy volcanics host the largest of the gold deposits; including three producing multi-million-ounce deposits; Pierina (Barrick), Yanacocha (Newmont and others) and Alto Chicama (Barrick).The Property is favourably located adjacent to the claim block that covers the Lagunas Norte mine (+9 million oz gold) recently put into production by Barrick Gold (NYSE:ABX) (TSX:ABX) in the Alto Chicama mining district of central Peru. In addition, there are four other important gold deposits within 14 to 24 km of the Vilcoro Property. These deposits are: the Tres Cruces deposit...