Business
ANSELL CAPITAL CORP. PROVIDES UPDATE ON YUKON PROPERTIES
Mar. 31, 2011 (TheNewswire.ca) -- Ansell Capital Corp. ("Ansell") is pleased to announce tha...
About this update from Briacell Therapeutics Corp
[{"type":"text","content":"\nANSELL CAPITAL CORP. PROVIDES UPDATE ON YUKON PROPERTIES\n\n Mar. 31, 2011 (TheNewswire.ca) -- Ansell Capital Corp. (\"Ansell\") is pleased to announce that Ansell's proposed acquisition of an interest in the Charlotte property as announced in Ansell's news releases of Oct. 14, 2010 and March 8th, 2011 has been conditionally approved by the TSX Venture Exchange subject to, shareholder approval and the completion of a financing in the minimum amount of $3 million.A Special Meeting of Shareholders has been convened for April 20th, 2011 for the purpose of obtaining shareholder approval and Ansell expects to announce a combination of a brokered and non-brokered financing to raise the minimum amount of $3 million shortly.Dal Property, YukonThe company has closed its option to purchase the 100% interest in the DAL property and will be retaining Shawn Ryan's Ground Truth Exploration Inc. to initiate an extensive soil sampling program immediately weather permitting. The property consists of 178 mineral claims covering an area of approximately 3,600 hectares located within an east-west corridor that hosts ATAC Resources Ltd.'s (TSXV:ATC) Rau Trend (Tiger zone) to the west and ATAC's Nadaleen Trend (Osiris zone) to the east. The claims are contiguous to ATAC's property within the Nadaleen trend.Historical grab samples taken from outcrops on the property have yielded high-grade gold and copper values. Two samples taken from a showing in the east of the property assayed 20.37 grams per tonne Au, 10.4 per cent Cu and 8.3 g/t Au, 16.0 per cent Cu respectively. One sample taken from a showing to the west of the property assayed 5.27 per cent Cu.Chris M. Healey. P Geo, a director of Ansell, is the qualified person responsible for the technical information in this release.Jevin Werbes, President of Ansell Capital states, \"The exploration on the Dal Property is the first of three programs Ansell will be initiating in the upcoming exploration season in the Yukon. The other two projects include the Charlotte Property and the adjoining Aurchem Property located in the Dawson Mining District of the Yukon.Of the three properties, the Charlotte Property has an extensive history of prior development including past production.We are very excited about the upcoming exploration season. We plan to be very active in the Yukon during the 2011 exploration se...