|one more starts drilling 8 holes already done so results shouldn't be too far off.|
Ansell Capital starts drilling at Charlotte
Ticker Symbol: C:ACP
Ansell Capital starts drilling at Charlotte
Ansell Capital Corp (C:ACP)
Shares Issued 57,075,344
Last Close 7/7/2011 $0.39
Friday July 08 2011 - News Release
Mr. Jevin Werbes reports
ANSELL REPORTS DRILL PROGRAM UNDERWAY ON CHARLOTTE PROPERTY IN THE YUKON
Drilling is under way at Ansell Capital Corp.'s Charlotte project, located near Mt. Nansen in the Yukon Territory. To date 8 holes have been completed on the Flex Zone for a total of 1276 metres. The drilling program is planned for a minimum of 3500 metres. Hole depths to date have ranged from 91m to 350m.
The drill program for the Flex Zone includes 4 confirmation and infill holes and 4 down dip extension holes. Additional drilling will test for strike extensions of previously discovered gold and silver mineralization. All holes have successfully encountered the mineralized zone and associated alteration. Samples collected to date have been submitted for assaying and results will be announced as data is compiled and interpreted.
Other zones to be drill tested include anomalous silver, gold and copper values in trenches across the OK Zone and historical high grade drill intercepts in the Webber Zone.
Planned trenching and soil sampling on other zones on the property has been delayed until early July due to an abnormally late spring thaw.
DAL PROJECT, YUKON
Preparations are being made for an upcoming program by Ground Truth Explorations for a Soil Sample program this summer. The DAL project is contiguous with ATAC's Nadaleen Trend properties. Ground Truth provides a wide range of mineral exploration field services such as claim staking, soil sampling, magnetometer work and mapping solutions. Their primary focus is on industry-leading ICP soil sampling techniques.
ABOUT ANSELL'S YUKON PROPERTIES
The Charlotte Property and the adjoining Discovery Creek Property: are located near Mt. Nansen in the prolific Tintina gold belt, Yukon Territory, Canada. Previous drilling has indicated the presence of significant gold and silver mineralization on the Charlotte Property over considerable widths, and over at least 450 m of strike length, which is open both along strike and down dip. The Flex Zone occurs as several sub-parallel anastamosing quartz-sulfide vein systems. These veins host strong gold and silver mineralization associated primarily with pyrite and lesser arsenopyrite, stibnite, galena and sphalerite. The veins often exhibit propylitic, phyllitic, argillic and silicic alteration in broad alteration envelopes.
The Flex Zone is hosted in an assemblage of metamorphic rocks comprised dominantly of quartz-feldspar chlorite gneiss which grades locally into quartzite. Dark green amphibolite gneiss, comprised of equal parts plagioclase and actinolite, is commonly intercalated with the quartz-feldspar gneiss. These older rocks are cut by narrow quartz-feldspar dykes and sills. The north end of the Flex Zone, in the vicinity of drill holes 10-240 and 241, is underlain by a quartz-feldspar porphyry stock at depth.
Previous trenching was carried out to confirm and extend known mineralization on 6 previously identified zones (Huestis, Webber, Cabin, Orloff-King, Dickson, and GRW zones). The trenching program totalled 2,243 metres in 20 trenches.
At both the Huestis and Webber zones, the trenching extended the known mineralization. At the Cabin, Orloff-King and GRW zones, the program has successfully delineated new zones of gold and silver mineralization that are 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, which was drilled in 2010 (see news releases dated October 18, 2010 and November 3, 2010), and additionally identified the presence of copper (up to 1600 ppm Cu) in intrusive rocks that were identified in the GRW trenches (indicating a potential porphyry target).
Virtually all of the trenches contained zones of anomalous gold and silver. At Orloff King, Cabin, Webber, and GRW zones, the mineralized trends can be tracked from trench to trench. Work on trace element geochemistry continues, and early analysis suggests the presence of geochemical zonation that may be attributed to the presence of porphyry Cu-Au mineralization in the vicinity of the GRW zone.
The Dal Property, Yukon: Located in the Dawson Mining District, Yukon The Property consists of approximately 178 mineral claims covering an area of approximately 3600 Hectares located within an east-west corridor that hosts ATAC Resources Ltd's Rau Trend (Tiger Zone) to the west and ATAC's Nadaleen Trend (Osiris zone) to the east. The claims are contiguous to ATAC's property within the Nadaleen trend.
Historical grab samples taken from outcrops on the Property have yielded high grade gold and copper values. Two samples taken from a showing in the east of the property assayed 20.37 g/t Au, 10.4% Cu and 8.3 g/t Au, 16.0% Cu respectively. One sample taken from a showing to the west of the property assayed 5.27% Cu.
The property contains a major east trending magnetic anomaly detected by an airborne magnetic survey by the Geological Survey of Canada (GSC). This magnetic anomaly is interpreted by the GSC to be surface expression of ultramafic rocks. Published geological reports for the area characterize this anomaly to be due to komatiitic ultramafic flows, with associated listwaenites (silica-carbonate-fuchsite-altered serpentinites). The komatiites are reported to be a potential source for copper-nickel-bearing massive sulphide mineralization and the listwaenites a potential host for gold mineralization (J-P Jutras, Yukon Exploration and Geology 2002). The ultramafic sequences occur in an anticlinal structure, exposing a volcano-sedimentary stratigraphic sequence in its core. These formations are overlain by a sedimentary sequence which includes shales, sandstones and conglomerates. In addition, resistant limestone units form prominent hilltops.
Chris Healey, P. Geo, a Director of Ansell, is the Qualified Person, as defined in NI 43-101, and is responsible for the preparation of the technical information contained in this News Release.
© 2011 Canjex Publishing Ltd.