May 19, 2010 (TheNewswire.ca) --
Ansell Capital Corp. (TSX-V-ACP) is pleased to report that continued surface sampling on the Pires Property in Brazil during March, 2010 has yielded 67 gold (Au) bearing samples between 0.56 and 80.60 grams per metric tonne (g/t) Au. These 67 samples are from 5 separate target areas, out of a total of 209 samples collected in March, 2010 and analyzed at Intertek laboratory in Belo Horizonte, Brazil. The 5 target areas sampled for gold in March are near the north and south end of a mineralized trend extending over 13 km across the property. In these samples, enrichment in gold occurs in quartz veins (or float derived from quartz veins) and is accompanied by enrichment in other metals including copper (Cu), nickel (Ni), iron (Fe), lead (Pb) and zinc (Zn). The three most gold-rich samples from each of these 5 target areas are listed in Table1. Note that the samples referred to in this news release are surface grab which are selective by nature, and thus unlikely to represent average grades on the property.
Table 1: The most gold rich samples from 5 targets on the Pires Property collected in March 2010
Target Sample Au As Cu Fe Ni Pb Zn
# ppm ppm ppm % ppm ppm ppm
Target B PIR-10-279 30.1 2071 61 >10.0 139 378 0
Target B PIR-10-286 28 3561 156 >10.0 200 372 304
Target B PIR-10-280 9.75 348 10 3.79 0 489 0
Au-Co trend PIR-10-348 41.78 1489 137 >10.0 280 2184 1704
Au-Co trend PIR-10-362 22.04 1625 53 >10.0 254 5788 1679
Au-Co trend PIR-10-349 16.8 1120 391 >10.0 182 10109 1055
Point 1 PIR-10-409 80.6 1960 544 >10.0 97 1928 671
Point 1 PIR-10-249 50.8 1349 507 >10.0 89 4442 605
Point 1 PIR-10-261 39.95 1506 122 >10.0 198 143 234
Quartz hill PIR-10-327 0.56 485 153 3.42 0 4847 0
Garimpo PIR-10-413 73.65 1418 221 >10.0 435 2796 3929
Garimpo PIR-10-417 12.54 613 174 >10.0 263 10332 796
Garimpo PIR-10-420 2.49 1331 186 >10.0 189 2312 312
In addition to the gold rich samples, another multi-element mineralization style was confirmed in several areas of the property. This mineralization style is enriched in cobalt (Co), manganese (Mn), Cu, Ni, Fe, Zn, Pb and occasionally vanadium (V), as well as barium (Ba) and strontium (Sr). This Co-Mn multi-element trend occurs as a distinctive black hydrothermal breccia, and has now been recovered from various parts of the Pires Property over the same 13 km North-South mineralization trend as the gold samples, sometimes within the same vein systems. In total, 28 out of the 209 samples collected in March 2010 yielded between 2.145 % (21450 ppm) and 0.01% (100ppm) Co from eight separate target areas (Table 2). Field observations suggest some pieces of the quartz-gold veins are locally caught up in the black breccias, and thus the Co-Mn multi-element mineralization is younger than the gold mineralization. The occurrence of this younger Co-Mn mineralization within the same veins that carry gold demonstrates that the mineralization system at Pires was long-lived. Speculatively, the enrichment of Ba and Sr in the Co-Mn multi-element mineralization suggests remobilization of the metals other than gold previously emplaced in the quartz veins, possibly during the period of extensive alkaline volcanism and carbonatite emplacement that occurred in this region of Brazil during the Cretaceous and Tertiary. Furthermore, this Co-Mn multi-element mineralization may provide a separate target type on the property.
Table 2: Co and Mn multi-element mineralization samples from the Pires Property collected in March 2010. Note that four of the samples with approximately 100 ppm Co also carry significant gold.
Target Sample Co Mn Cu Fe Ni Pb Sr V Zn Ba Au
# ppm % ppm % ppm ppm ppm ppm ppm ppm ppm
Target B PIR-10-285 21450 10 3771 4.41 1856 141 30 98 2807 1706 0
Target C PIR-10-221 >10000 10 2433 4.65 1733 168 16 141 1525 9144 0
Target C PIR-10-217 8956 4.81 960 5.42 460 39 55 144 541 976 0
Target C PIR-10-218 8804 4.4 878 3.65 359 28 35 100 430 739 0
Target 114 PIR-10-235 8010 10 3550 6.6 1676 545 26 159 2446 5824 0
Target C PIR-10-368 5452 4.09 582 3.82 315 230 0 96 409 4098 0
Quartz hill PIR-10-305 2350 2.23 503 10 370 746 166 162 532 2095 0
Garimpo PIR-10-246 1140 4.26 284 10 139 136 437 36 285 2638 0
Target 297 PIR-10-268 575 10 197 1.14 81 3081 468 603 338 >10000 0
Target C PIR-10-366 449 0.35 93 6.4 98 31 14 188 97 926 0
Target C PIR-10-365 393 0.33 79 5.99 81 35 14 184 89 938 0.02
Point 1 HOC-10-041 364 0.45 96 2.97 119 0 9 27 106 256 0
Point 1 PIR-10-405 272 0.57 45 2.1 120 45 18 11 110 296 0
Target 297 PIR-10-376 257 1.28 244 10 175 56 105 53 269 754 0
Target B PIR-10-275 210 0.26 68 5.9 28 83 0 10 0 86 0.36
Au-Co trend PIR-10-338 169 1.95 162 8.32 36 3177 114 296 144 2468 0.2
Garimpo PIR-10-414 165 0.57 621 10 332 5207 0 2337 1238 642 0.14
Garimpo PIR-10-412 155 0.49 695 10 317 5293 0 2312 1167 337 0
Table 2: continued
Target Sample Co Mn Cu Fe Ni Pb Sr V Zn Ba Au
# ppm % ppm % ppm ppm ppm ppm ppm ppm ppm
Quartz hill PIR-10-293 148 0.01 0 10 187 66 0 0 333 0 0
Target C PIR-10-367 133 0.1 67 6.25 59 0 16 197 57 880 0
Quartz hill PIR-10-328 126 0.02 12 10 181 116 0 13 842 0 0
Garimpo PIR-10-247 118 0.14 795 10 309 1001 0 926 864 0 0.2
Quartz hill PIR-10-311 114 0 0 10 216 126 0 0 3062 0 0
Au-Co trend PIR-10-344 113 0.33 4891 10 243 32433 62 3237 1375 112 8.22
Target 297 PIR-10-377 105 2.02 41 10 153 84 28 30 207 1493 0
Target B PIR-10-286 104 0.09 156 10 200 372 0 590 304 36 28
Point 1 PIR-10-261 102 0.01 122 10 198 143 0 159 234 0 39.95
Garimpo PIR-10-421 100 0.04 77 10 275 2200 21 788 782 0 1.73
The terms of Ansell's proposed acquisition as provided for under Letter of Intent was previously announced in Ansell's News Release of February 18, 2010.
A 43-101 Technical Report prepared on the Pires Property prior to Ansell's due diligence review is available on Ansell's website @ www.ansellcapital.com.
Dr. Cookenboo, PhD, P Geo, a co-author of the Technical Report has reviewed the technical data in this news release and approves the release of technical information contained herein.
ON BEHALF OF THE BOARD OF DIRECTORS
ANSELL CAPITAL CORP
Jevin Werbes
President & CEO
For further information, please visit our website at www.ansellcapital.com or www.sedar.com to view the Company's profile or contact Ansell at 604-921-1810.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release. WARNING: The Company relies on litigation protection for "forward looking" statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company.
Copyright (c) 2010 Thenewswire.ca - All rights reserved.
