Ansell Capital Corp Announces Results From 2012 Drill Program at Charlotte Property, Yukon; Potential of Flex Zone Expands
14 September 2012 - 11:00PM
Marketwired Canada
Ansell Capital Corp. ("Ansell") (TSX VENTURE:ACP) is pleased to announce the
final assay results from the summer 2012 drill program at the Charlotte gold
project in the Tintina gold belt, Yukon.
Complete assays have now been received for all of the six diamond drill holes
completed on the Flex Zone at the Charlotte property located in the prolific
Tintina belt. The drill program for summer 2012 comprised of 6 holes for a total
of 1883.54 metres.
The drill results have opened up the south end of the Flex Zone both along
strike and down dip, In addition, the potential for down plunge extensions of
the wide and well mineralized zones in the central part of the Flex is
considerably enhanced.
Highlights from the 2012 drilling include:
-- DDH-12-280 27.7 g/t Au, 429.9 g/t Ag over 2.64 m
and 2.57 g/t Au, 114.0 g/t Ag over 23.74 m
including 6.70 g/t Au, 316.7 g/t Ag over 8.14 m
-- DDH-12-276 49.43 g/t Au, 871.6 g/t Ag over 1.55 m
and 1.14 g/t Au, 63.6 g/t Ag over 14.26 m
-- DDH-12-278 1.57 g/t Au, 26.2 g/t Ag over 13.00 m
including 4.15 g/t Au, 73.9 g/t Ag over 4.08 m
The objectives of the 2012 program were to expand the known mineralization in
the Flex Zone to the south and at depth. In addition, one hole tested the
previously undrilled area between the Flex and Webber zones. In summary:
DDH 12-275 tested the area between the Flex and Webber zones. It intersected one
narrow high grade zone (12.2 g/t Au over 0.60 m), as well as a wider low grade
zone;
DDH 12-276 successfully tested the down plunge extension of the Hanging Wall
Vein, in the centre of the zone. Four well mineralized zones were intersected,
including 49.43 g/t Au and 871.6 g/t Ag over 1.55 m, as well as 1.14 g/t Au and
63.6 g/t Ag over 14.26 m;
DDH 12-277 tested for down dip extensions of the central part of the Flex, and
intersected three mineralized zones, including 22.88 g/t Au and 192.4 g/t Ag
over 1.07 m;
DDH 12-278 tested the potential to expand the Flex to the south and added 30 m
to the strike length with two wide intersections, including 1.57 g/t Au over
13.0 m;
DDH 12-279 further tested the potential to expand the Flex to the south,
undercutting 12-278 by approximately 30 m and intersected four separate
mineralized zones;
DDH 12-280 followed up on the success of 276 and expanded the Flex down plunge
by at least 60 m with several well mineralized intercepts (27.7 g/t Au and 429.2
g/t Ag over 2.64 m; 2.57 g/t Au and 114.0 g/t Ag over 23.74 m).
Detailed results are shown in the following table:
Hole From To Width g/t Au g/t Ag
--------------------------------------------------------------------
DDH 12-275 217.93 218.70 0.77 0.93 13.0
----------------------------------------------------------
Az 075
----------------------------------------------------------
Dip -55 223.98 224.94 0.96 0.73 NSV
----------------------------------------------------------
----------------------------------------------------------
292.28 292.88 0.60 12.20 217.0
--------------------------------------------------------------------
Flex Zone: undercut DDH-11-255 + test zone between Flex and Webber
--------------------------------------------------------------------
DDH 12-276 111.00 117.00 6.00 1.25 21.5
----------------------------------------------------------
Az 075
----------------------------------------------------------
Dip -50 155.74 170.0 14.26 1.14 63.6
----------------------------------------------------------
----------------------------------------------------------
203.30 204.85 1.55 49.43 871.6
----------------------------------------------------------
ave grade when high values cut to 30 g/t 24.47
----------------------------------------------------------
289.76 290.17 0.41 1.66 49.0
--------------------------------------------------------------------
Flex Zone: test down plunge extension of HW zone
--------------------------------------------------------------------
DDH 12-277 206.90 207.33 0.43 0.87 132.0
----------------------------------------------------------
Az 045
----------------------------------------------------------
297.03 298.10 1.07 22.88 192.4
----------------------------------------------------------
----------------------------------------------------------
388.26 390.87 2.61 0.65 9.6
--------------------------------------------------------------------
Flex Zone: test down dip extent of central Flex Zone
--------------------------------------------------------------------
DDH 12-278 91.95 104.02 12.07 0.54 21.0
----------------------------------------------------------
Az 075
----------------------------------------------------------
Dip -55 182.00 195.00 13.00 1.57 26.2
----------------------------------------------------------
includes 184.46 188.54 4.08 4.15 73.9
--------------------------------------------------------------------
Flex Zone: test for southern extension of Flex Zone
--------------------------------------------------------------------
DDH 12-279 40.23 41.78 1.55 0.66 NSV
----------------------------------------------------------
Az 095
----------------------------------------------------------
Dip -71 162.97 163.43 0.46 1.98 132.0
----------------------------------------------------------
----------------------------------------------------------
162.97 163.43 0.46 1.97 132.0
----------------------------------------------------------
----------------------------------------------------------
198.65 207.40 8.75 0.41 3.63
--------------------------------------------------------------------
Flex Zone: test down plunge extension of HW zone, below DDH 12-276
--------------------------------------------------------------------
DDH 12-280 143.92 146.56 2.64 27.70 429.2
----------------------------------------------------------
Az 076 ave grade when high values cut to 30 g/t 13.01
----------------------------------------------------------
Dip -71 166.10 166.62 0.52 14.20 63.0
----------------------------------------------------------
----------------------------------------------------------
181.88 205.62 23.74 2.57 114.0
----------------------------------------------------------
including 188.06 196.20 8.14 6.70 316.7
--------------------------------------------------------------------
Flex Zone: offset DDH 12 -276, 25 m to south, down dip and along
strike
NSV = no significant values
A plan view of the drill hole locations for the Flex Zone, as well as two cross
sections of the drilling, can be found on Ansell's website
(www.ansellcapital.com).
Laboratory analyses were performed by Acme Laboratories, of Vancouver. Of the
700 core samples analyzed during this program, only 4 exceeded the 30 g/t Au.
These include 3 consecutive samples in hole DDH 12-276. It is concluded from
this preliminary evaluation that cutting high values to an arbitrary lower value
is not statistically justified at this time. However for comparative purposes,
interval values for those zones containing samples above 30 g/t Au are also
shown in the table with the high values cut to 30 g/t Au.
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.
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 and chief executive officer, commented: "We are very
pleased that our drill program on Flex Zone has enhanced the potential of the
zone. This year's drilling has built on the excellent results from 2011 and
shows that the Flex could well develop substantial dimensions. The zone is
clearly open in several directions, and fully justifies additional drilling.
Further, previous work on the project shows that the property has excellent
potential for the discovery of more mineralized zones."
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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