Nov. 3, 2010 (TheNewswire.ca) --
Ansell Capital Corp. ("Ansell") is pleased to report that it has received from Guinness Exploration Inc (OTCBB:GNXP) ("Guinness") results from the remaining 8 of fourteen drill holes completed by Guinness on the Charlotte Project, located near Mt. Nansen in the prolific Tintina gold belt, Yukon Territory, Canada. These results continue to demonstrate the excellent potential for hosting significant gold mineralization on the property.
Core drilling was conducted to confirm prior drill intercepts and to expand on known gold and silver mineralization along strike and down dip. The drill program comprised a total of 1451.68 metres in fourteen diamond drill holes in the Flex zone, one of five known mineralized zones on the property. Results of the first six holes were released by Ansell on October 18, 2010.
Ansell has entered into an option agreement on the property with Guinness as announced October 14, 2010.
The drill holes were chosen to test 450 m of the strike length of the Flex Zone at various depths as a follow-up to previous shallow drilling on the zone. Results from these eight drill holes continue to both extend the potential in terms of extent (both along strike and down dip) and grade/thickness, and have confirmed historic results.
Results from these eight holes are tabulated below.
Hole Number Azimuth (⁰) Dip (⁰) From: To: Length (m) Au (ppm) Ag (ppm)
DDH-10-246 078 -50 26.30 42.05 15.75 0.71 49.0
Including: 37.50 38.80 1.30 2.90 3.1
38.80 39.25 0.45 5.68 7.4
abandoned short of target
DDH-10-247 abandoned short of target
DDH-10-248 078 -65 83.30 91.90 8.60 3.25 240.9
Including: 84.00 85.00 1.00 3.35 128.8
86.70 87.45 0.75 5.00 187.7
87.45 88.45 1.00 5.70 630.0
and 101.40 115.65 14.25 2.13 82.8
Including: 112.65 113.50 0.85 22.60 1078.0
DDH-10-249 078 -48.8 76.15 83.65 7.50 3.81 38.2
Including: 77.15 78.15 1.00 3.02 124.7
78.15 78.65 0.50 6.06 22.5
and 86.40 91.40 5.00 3.52 119.0
Including: 87.40 87.90 0.50 24.40 1058.0
DDH-10-250 076 -65 83.00 100.40 17.40 2.13 78.7
Including: 91.40 92.12 0.72 6.00 492.0
92.99 93.65 0.66 4.56 8.7
93.65 94.10 0.45 23.10 527.0
94.72 96.95 2.23 4.96 118.7
and 115.00 119.80 4.80 0.51 22.9
DDH-10-251 078 -65 101.50 116.74 15.24 0.72 34.5
Including: 114.75 116.74 1.99 2.05 184.1
DDH-10-252 078 -65 96.15 101.60 5.45 1.12 39.9
Including: 99.00 100.20 1.20 2.22 86.6
DDH-10-253 078 -65 157.55 163.98 6.43 1.40 17.8
Including: 161.27 162.55 1.28 2.07 12.7
162.55 163.98 1.43 3.02 4.0
A detailed description of the geology of the Flex Zone is contained in Ansell's October 18, 2010 release.
Chris M. Healey. P. Geo, a Director of Ansell, is the Qualified Person responsible for the technical information in this release. Mr. Healey commented, "We are continuing to see very encouraging results from the Flex Zone. Ansell intends to aggressively advance this highly prospective property. The Flex Zone is one of five known auriferous zones on the property."
On October 12, 2010, Ansell Capital Corp. (OOTC:ANCCF) (TSXV:ACP) entered into a Letter of Intent ("LOI") with Eagle Trail and Guinness, wherein Ansell was provided the right to acquire up to an 85% undivided interest in the Charlotte project in staged increments. (See Ansell release dated October 14, 2010 for further details.) The Charlotte Project is situated in the prolific Tintina Gold Belt, a 1,200 km long area extending from northern British Columbia, through the Yukon Territory and into southwest Alaska. The Tintina Gold Belt includes such world-class, multi-million ounce gold deposits as Pogo, Fort Knox, True North, and Donlin Creek. The 128 claims in the Charlotte Project comprise a total area of 2,336.14 hectares and are located in the South Central part of the Yukon, 180 km Northwest of Whitehorse and 60 km west of the Village of Carmacks.
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 or www.sedar.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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