Ansell Capital Corp.
TSX VENTURE : ACP

Ansell Capital Corp.

November 12, 2013 09:00 ET

Ansell Capital Corp. Provides Updates for Charlotte and DAL Properties, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 12, 2013) - Ansell Capital Corp. ("Ansell") (TSX VENTURE:ACP) is pleased to provide this update of its summer field programs for the Charlotte gold-silver project in the Tintina gold belt, Yukon and the DAL base metal project in the Rackla Belt, Yukon.

DAL:

On the DAL project, a total of 787 soil samples and 6 rock samples were collected on grids as a follow-up to anomalies discovered in 2012. Significant anomalies, especially nickel, were encountered. A detailed review of the data is underway to aid in the design of the next phase of work. The work was carried out by GroundTruth Exploration Inc of Dawson City.

The Dal Property is located in the Rackla belt, which has been an area of focus in the Yukon in recent years due to its potential for Carlin-type gold mineralization and base metals. The Yukon Geological Survey has also been busy in the area in recent areas, and many new publications and maps have been released. The Dal property's location on map sheet 106C03/106C04 places it in the center of this new research area, allowing it to utilize data that was previously unavailable and gain valuable insight from YGS geologists who are familiar with the area.

A major magnetic anomaly trending east-west underlies the property and is associated with komatiitic ultramafic flows and 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 (Jutras, 2002).

787 soils samples were collected during the 2013 field season, along with 6 rock samples. The soil samples were collected in a series of small grids over targets identified from previous soil sample programs, government geology and geophysics. In addition, the property was flown with a drone which took high resolution photos of the property which were later used to create a high resolution digital elevation model (DEM), georeferenced air photos and Google Earth 3D imagery.

Highlights from the 2013 soil sample program include:

  • Four samples contained Au values greater than 50 ppb
  • One sample contain 430 ppb Au, 383 ppm (.04%) Cu and 2495 ppm (0.25%) Ni
  • One sample ran greater than 0.4% Ni, 11 samples contained greater than 0.3% Ni
  • A positive Ni-Cu-Co-Cr-Mg correlation suggests the possibility for komatiite-style sulphide mineralization on the property.

Charlotte:

A program of high definition, close-spaced IP Resistivity was carried out over two areas with known Au-Ag mineralization from drilling. Nine lines were run on the Flex zone and two on the Orloff-King zone, for a total of 4 km of survey. Results are currently being interpreted. This work was also carried out by GroundTruth.

In addition, a mineralogical study was carried out on approximately 30 drill core samples from the Flex zone, to characterize the mineralogical composition of the mineralized zones. This work is currently close to completion.

Financial assistance for both programs was provided by matching funds from the Government of Yukon Mining Incentive Program.

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.

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.

Contact Information

  • Ansell Capital Corp.
    Jevin Werbes
    604-921-1810