Apr. 20, 2010 (TheNewswire.ca) --
Mr. Jevin A. Werbes, President, Ansell Capital Corp. (TSXV:ACP) ,(TSX-V: ACP), is pleased to announce commencement of work on its Kuyakuz Mountain Project located immediately east of the Blackwater Gold Project of Richfield Ventures Corp. (OOTC:RCVTF) Ansell's 6,357 hectare property was acquired in January 2010 for the cost of staking and is in an area that is geologically similar to the Blackwater where Richfield on January 5, 2010 announced drilling results that included a 329.2 metre (1080.1 feet) drill intercept that averaged 1.25 g/tonne gold and 3.5 g/tonne silver. Richfield has stated that its goal is to discover "…a world class bulk tonnage gold deposit" and on February 9, 2010 announced "…an aggressive two-stage drill program of approximately 50 diamond drill holes totaling 25,000 metres…" with drilling to commence in early April, 2010. Gold Reach Resources Ltd. (TSXV:GRV) (OOTC:GRJVF) (Auro Property) and Troymet Exploration Corporation (Key Project) have also announced plans to explore their respective properties in proximity to the Richfield and Ansell properties.
The Kuyakuz Mountain Project is located in a relatively underexplored part of central British Columbia, 125 km southeast of Vanderhoof, B. C. Nearby mineral discoveries include the "CHU" molybdenum deposit of TTM Resources (TSXV:TTQ) Ltd. (NI 43-101 compliant measured and indicated resource of 313,250,000 tonnes with average grade 0.060% Mo and 0.037% Cu above 0.04% Mo cut-off) and Silver Quest Resources Ltd.'s (OOTC:SQIFF) (TSXV:SQI) 3T's bonanza-style epithermal gold-silver deposit (NI 43-101 compliant inferred geological resource of 190,500 oz. gold equivalent) and the Capoose deposit (1,316,190 oz. contained gold equivalent). Silver Quest Resources plans to drill 10,000 metres at Capoose in 2010.
Historically, mineral exploration in the Nechako Plateau of Central British Columbia has been limited due to the somewhat mistaken assumption that glacial deposits and Tertiary volcanic flows overwhelmingly masked the prospective older rock formations. Detailed integrated technical survey work by provincial and federal governments, Geoscience BC, and newer exploration techniques employed by industry have discredited that view and have greatly assisted the search for mineral deposits. The principal host formations of epithermal gold-silver prospects are strongly altered felsic volcanic rocks, in particular rhyolite lapilli tuff and similar volcaniclastic rocks of the Early Jurassic age Hazelton Group.
Ansell has engaged Terracad Geoscience Services Ltd. to compile a geological exploration database from available sources, conduct a preliminary field assessment of the property and make recommendations for a more comprehensive evaluation in summer 2010. Work will commence immediately.
Property related maps and information can be viewed on the company's website at http://www.ansellcapital.com/.
In other developments, Ansell and Entourage's drill program has commenced and is still underway on the Pires Project in Brazil. Assays are expected shortly.
Guijoso project, After incurring $300,128.00 Ansell has decided not to pursue the option on the Guijoso property in Mexico.
This News Release has been prepared on behalf of the Directors of Ansell Capital Corp. who accept responsibility for its contents. Technical information has been reviewed and approved by Erik Ostensoe, P. Geo., a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
On Behalf of the Board of Directors,
ANSELL CAPITAL CORP.
Jevin A. Werbes, President.
For further information, please visit the Company's website or SEDAR or contact the Company at 604-921-1810.
Certain statements in this News Release may be considered forward-looking information, including those related to "plans" of the company. The company relies upon litigation protection for "forward looking" statements. Actual performance and activities may differ materially from those described in the News Release due to numerous factors, including factors outside the control of the Company. This News Release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The TSX Venture Exchange Inc. has not reviewed the contents of this News Release and accepts no responsibility for its contents.
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