Dec. 23, 2010 (TheNewswire.ca) --
On October 12, 2010, Ansell Capital Corp. (OOTC:ANCCF) (TSXV:ACP) entered into a Letter of Intent ("LOI") with Eagle Trail Properties and Guinness Exploration (OTCBB:GNXP) ("Guinness") whereby Ansell was provided the right to acquire up to an 85% undivided interest in the Charlotte project in staged increments subject to TSX Venture Exchange approval. (See Ansell release dated October 14, 2010 for further details).
On December 22, 2010, Guinness released results of its 2010 trenching program on the property. The results as announced by Guinness are as follows:
"Trenches were cut at the Huestis, Webber, Cabin, Orloff-King, Dickson, and GRW zones. Trench results confirm or extend known mineralization at the Huestis and Webber zones. Trenches at the Cabin, Orloff-King, and GRW zones have successfully delineated new zones of gold and silver mineralization that is open to depth and along strike. In particular, trenching at the GRW zone identified gold and silver in structural settings similar to the Flex zone (although of lower grade), which was drilled earlier in 2010 (see news releases dated November 3, 2010 and October 18, 2010), and additionally disclosed the presence of copper in intrusive rocks that were identified in the GRW trenches. Selected trench results are presented in the table below:
-------------------------------------------------------- |Zone |Trench #|From|To |Width|Au (g/t)|Ag (g/t)| |------------------------------------------------------| |Orloff King|OK10-1 |45.5|49.2|3.7 |1.39 |40.3 | |------------------------------------------------------| |Orloff King|OK10-2 |47.8|50.7|2.9 |2.12 |Na | |------------------------------------------------------| |Orloff King|OK10-5 |11.4|12.1|0.7 |7.05 |34.7 | |------------------------------------------------------| |Orloff King|OK10-9 |57.5|65.5|8.0 |1.57 |5.17 | |------------------------------------------------------| |Cabin |CAB10-1 |40.1|43 |2.9 |1.353 |15.7 | |------------------------------------------------------| |Webber |WEB10-2 |21.0|23.2|2.2 |1.43 |4.03 | --------------------------------------------------------
Virtually all of the trenches contained zones of anomalous gold and silver, ranging from 0.2 grams/tonne (‘g/t') up to the level of results presented above. At Orloff King, Cabin, Webber, and GRW zones, the mineralized trends can be tracked from trench to trench. Work on trace element geochemistry continues, but early analysis suggests the presence of geochemical zonation that may be attributed to the presence of porphyry copper-gold mineralization in the vicinity of the GRW zone.
Trenching totalled 2,243 metres in 20 trenches. Of these, 16 trenches totalling 1,917 metres bottomed in bedrock while the remaining four trenches bottomed in permafrost and may be completed in following seasons. Ten trenches totalling 1,100 metres were cut on the Orloff-King Zone, of which 9 trenches totalling 1,052 metres reached bedrock. A total of five trenches, combined for 665 metres, were cut on the GRW zone and, of these, three bottomed in bedrock for a total of 466 metres completed to bedrock. The remaining five trenches were cut on the Webber, Huestis, and Cabin zones, and on geochemical anomalies scattered across the property. All but one of these five trenches reached bedrock for a total of 400 metres of trenching completed to bedrock. A total of 554 unique samples were collected from trenches and submitted for assay." (554 samples were collected from trenches and fire assayed at Acme Labs in Vancouver, BC.)
Chris M. Healey. P. Geo, a Director of Ansell, is the Qualified Person that has reviewed and approved the contents in this release.
On behalf of the Board of Directors
Jevin Werbes, President
Ansell Capital Corp.
For further information, please visit the website at 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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