Ansell Capital Corp. Announces Final 2011 Drill Results at Charlotte Property, Yukon
17 January 2012 - 12:00AM
Marketwired Canada
Ansell Capital Corp. ("Ansell") (TSX VENTURE:ACP) is pleased to announce the
final assay results from the summer 2011 drill program at the Charlotte gold
project in the Tintina gold belt, Yukon.
Complete assays have now been received for all of the twenty-one diamond drill
holes completed on the Flex and Orloff King Zones at the Charlotte property
located in the prolific Tintina belt. Results for the first nine holes drilled
were released by Ansell on September 6th, 2011. Results from an additional seven
holes were released by Ansell on November 8th, 2011. This release is a release
of the results from the remaining five holes.
The drill program for summer 2011 comprised of 21 holes for a total of 3654 metres.
Drilling this year has intersected broad well-mineralized zones, enhancing the
potential for a bulk mineable deposit to be hosted on the property.
Highlights from the final holes include:
-- DDH-11-271 8.19 g/t Au, 193.4 g/t Ag over 15.53m
-- DDH-11-272 6.56 g/t Au, 162.5 g/t Ag over 16.66m
-- DDH-11-274 5.84 g/t Au, 156.7 g/t Ag over 4.80m
-- and 4.08 g/t Au, 212.5 g/t Ag over 12.02m
Detailed results are shown in the following table:
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From (m) To (m) Thk g/t Au g/t Ag
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DDH-11-270 23.60 25.60 2.00 0.46 12.1
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Az 065 39.63 44.75 5.12 0.49 7.8
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Dip -45
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Orloff King Zone: 70m SE of DDH-11-269 (Az 060, dip -65), following up on
2010 trench results
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DDH-11-271 35.62 51.15 15.53 8.19 193.4
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Az 042 includes 36.60 38.00 1.40 51.84 557.7
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Dip -50 includes 47.87 51.15 3.28 15.02 621.4
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104.73 106.40 1.67 20.38 405.6
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140.80 143.50 2.70 7.93 61.6
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includes 142.10 142.85 0.75 21.10 133.0
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150.35 153.10 2.75 0.51 2.5
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Flex Zone: 6m step out due W of DDH-11-257 (Az 045, dip -50)
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DDH-11-272 47.71 50.50 2.79 1.01 6.8
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Az 041
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Dip -51 89.14 105.80 16.66 6.56 162.5
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includes 99.70 105.80 6.10 17.42 440.2
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includes 99.70 100.75 1.05 52.55 1865.0
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includes 103.40 105.80 2.40 21.00 284.0
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175.30 177.61 2.31 1.25 2.9
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Flex Zone: 25m step out SW of DDH-11-243/DDH-11-257 (Az 045, dip -50)
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DDH-11-273 75.30 77.10 1.80 0.30 2.2
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Az 073
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Dip -50 122.87 127.30 4.43 0.49 2.1
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135.50 136.50 1.00 0.78 10.0
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141.80 145.60 3.80 1.80 67.4
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181.40 185.50 4.10 2.86 11.8
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Flex Zone: 25m step out SW of DDH-11-260/260b (Az 075, dip -50)
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DDH-11-274 74.17 76.30 2.13 0.56 14.1
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Az 080
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Dip -61 79.50 84.30 4.80 5.84 156.7
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includes 81.00 81.71 0.71 34.65 589.0
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118.90 130.92 12.02 4.08 212.5
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includes 120.12 122.18 2.06 8.14 122.4
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includes 125.10 127.80 2.70 10.79 762.3
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176.22 181.20 4.98 1.69 87.3
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Flex Zone: 25m step out SW of DDH-10-241 (Az 078, dip -60)
Laboratory analyses were performed by Acme Laboratories, of Vancouver. It should
be noted that no cutting of high grade samples has been applied. A minimum
cut-off grade of 0.25 g/t Au was applied when expending mineralized zones across
lower grade material (i.e. the grade of an extension out from higher grade
material must exceed 0.25 g/t Au).
Results are reported with down-hole widths. The Flex zone dips steeply to the
west to southwest. With the holes being drilled perpendicular to the strike and
with collar dips ranging from 50 degrees to 65 degrees from vertical, true
widths will vary between 60% and 90% of down-hole widths. For the Orloff King
zone, there has been insufficient drilling to determine the average dip and thus
the true widths.
This year's drilling confirmed and expanded known high grade gold and silver
vein hosted mineralization. The strike length of the deposit, on the Flex Zone
alone, has been extended to 580 metres long and up to 90 metres wide and remains
open to the south, southwest and at depth.
The current working deposit model is similar to other surrounding vein deposits
(the Webber, Huestis, and the past producing Brown-McDade as well as to the Flex
deposit), forming a set of mineralizing shears. The mineralizing fluids filled
in pockets formed during an extension period and have been subsequently faulted.
The deposit is a braided series of gold-silver bearing quartz veins accompanied
by significant base metal mineralization. The veins crosscut both the gneisses
of the Yukon Terrane and the intruded feldspar and quartz feldspar porphyries of
the Mt. Nansen volcanics. The northern extension of the deposit has been
intersected by the Webber Creek fault, a dextral strike-slip fault with unknown
horizontal and vertical displacement. It is hypothesised that the extension is
to the NE, and this presents an attractive target for the 2012 exploration
program.
This year's regional geochemistry soil program, along with geophysics and
geological mapping, has identified 6 new targets, in addition to several other
targets from previous work, located up to 5 km from the Flex Zone, but still on
Ansell's Charlotte Property.
Charlotte Property, Yukon
The property is located in the Whitehorse Mining District, Yukon, approximately
180 kilometres northwest of Whitehorse and 60 kilometres west of Village of
Carmacks in the Yukon.
The property lies in a historic gold/silver mining district. Intense exploration
activities have been carried out since 1899 in the area. Four distinct gold- and
silver-mineralized zones (the Brown-McDade zone, the Webber zone, the Huestis
zone and the Flex zone) have been identified and all but the Flex Zone have been
mined historically. The last operator on the property was BYG Natural Resources
Ltd.
The Webber, Huestis and Flex zones are located on the property. The Brown-McDade
zone, which was mined by open-pit methods, is located on an adjacent property to
the South East. Precious metal veins on the surface and underground have been
mined by various operators including Pesco Silver Minerals Ltd. and BYG Natural
Resources Ltd.
In 2008, a geophysical survey was conducted on the property with the aim of
locating and evaluating the extent and nature of the mineralization in the
district. The results of this survey have added to the understanding of the
property geology and are being used to guide continuing exploration. Gold and
silver mineralization occurs in northwest-trending shear zones hosted by
metamorphic rocks. The metamorphic rocks have been cut by narrow and linear
intrusive dikes and sills. Precious metal mineralization commonly occurs in
quartz-sulphide vein systems within the shear zones and is associated primarily
with pyrite and lesser arsenopyrite.
Jevin Werbes, President of Ansell, commented, "We are extremely pleased with
these positive results and plan an aggressive drill program for 2012. The
demonstrated extents and continuity of the Flex Zone clearly validate the
exploration model we have applied."
Dal Property, Yukon
Assays from this summer's soil program carried out by Ground Truth Exploration
have now been received. The results are being compiled and interpreted and
Ansell will be releasing the assays once the review has been completed.
Chris M. Healey, P. Geo, a director of Ansell, is the qualified person
responsible for the technical information 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.
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