(via Thenewswire.ca)
September 19, 2011 - Ansell Capital Corp. (TSX.V: ACP, "Ansell") and Great Bear Resources Ltd. (TSX-V: GBR, "Great Bear") are pleased to announce that Great Bear has begun Phase 1 drilling at the Etzel Gold project located in the Dawson Gold Belt, Yukon. (See news release dated July 14, 2011 for the full terms of the joint venture agreement).
Phase 1 exploration will consist of approximately 2,000 metres of diamond drilling, testing the on-strike continuity of gold-silver mineralization from the Klaza property of Rockhaven Resources Ltd. (TSX-V: RK, "Rockhaven") and Ansell's Charlotte property. These properties are contiguous with the Etzel property to the northwest and southeast and are all located within a 15 kilometre long, generally 2.5 kilometre wide gold mineralized trend that includes the past producing Mount Nansen mine.
Both the Klaza and Charlotte properties were the focus of multi-drill programs during 2010 and 2011 and have released results including 36.50 metres of 3.23 g/t gold and 117.7 g/t silver (Rockhaven news release dated July 11, 2011) and 23.05 metres of 11.04 g/t gold (Ansell news release dated September 6, 2011).
Great Bear has the option to earn up to a 65% interest in the 1060 ha Etzel Gold project through its Option and Joint Venture agreement with Ansell. The Etzel property hosts gold- and silver-rich polymetallic soil geochemical anomalies similar to those present on the adjacent Klaza and Charlotte properties, with historic trenching that has produced results including 6.0 metres of 6.05 g/t gold and 15.3 g/t silver.
In addition to diamond drilling, Phase 1 exploration will include surface trenching and geochemical sampling to define drill targets.
Mr. Chris Taylor, M.Sc. P.Geo, is the Qualified Person as defined by National Instrument 43-101 responsible for the accuracy of this news release.
For further information please contact Mr. Jevin Werbes, President of Ansell at 604-921-1810 or Mr. Chris Taylor, P.Geo, President of Great Bear at 604-681-0037.
On behalf of the Board of Directors
"Jevin Werbes"
Jevin Werbes, President
Ansell Capital Corp.
For further information, please visit the website at www.ansellcapital.com to view the Company's profile or contact Jevin Werbes at 604-921-1810.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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