Ansell Capital Corp.

TSX VENTURE : ACP


April 07, 2010 09:30 ET

Ansell Capital Corp. Receives Positive Assays and Commences Drilling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 7, 2010) - Ansell Capital Corp (TSX VENTURE:ACP) is issuing this release to report on its due diligence program currently being undertaken on the Pires Property, in southern Goias State, Brazil. The Pires Property consists of 6 mineral licenses covering 8,798 hectares of mineral exploration lands. Ansell has an option to acquire 100% Entourage Mining Ltd.'s interest in and to the Property subject to completion of its due diligence program which requires a minimum expenditure on the Property of no less than US$200,000 in the three month period ending May 1st, 2010.

Prior exploration work on the Property has returned numerous gold-rich rock and soil samples, including 15 with gold contents between 28.30 and 404.95 g/t gold (see News Release dated February 18, 2010).

The exploration program has now identified several drill targets on the Property over a nearly 15 kilometre trend length where quartz veins carrying gold have been traced into bedrock. To date, 89 new sample results have been received from Intertek Laboratory in Belo Horizonte, Brazil, and ACME Analytical Laboratory in Vancouver, Canada. The 6 highest gold ("Au") values in these new sample results are: 202.59 g/t Au, 116.53 g/t Au, 49.40 g/t Au, 35.60 g/t Au, 21.70 g/t Au, and 18.00 g/t Au. Twenty-three (23) more of these 89 new samples yielded results between 1.30 g/t Au and 17.50 g/t Au. The samples were assayed through fire assay methods.

Notably, the 202.59 g/t and 116.53 g/t gold values are from a single hand sample, which contained visible gold. The part of this sample with visible gold was not analyzed, but retained for reference. Another group of 210 samples have been sent to the labs and those results are pending.

A drill rig is currently being mobilized for the first drill program to be undertaken on the property. The program will be conducted by GeoLogica Sondagens to test for extensions of the veins, as well as to provide for summary of sulphide and gold content of the fresh country rock. The program will consist of drilling of up to 1000 m on the Property.

The terms of Ansell's proposed acquisition as provided for under Letter of Intent was previously announced in Ansell's News Release of February 18, 2010.

A 43-101 Technical Report prepared on the Pires Property prior to Ansell's due diligence review is available on Ansell's website @ www.ansellcapital.com.

Dr. Cookenboo, Phd, P Geo, the author of the Technical Report has reviewed the technical data in this news release and approves the release of technical information contained herein.

ON BEHALF OF THE BOARD OF DIRECTORS

ANSELL CAPITAL CORP

Jevin Werbes, President & CEO

WARNING: The Company relies on litigation protection for "forward looking" statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

Contact Information

  • Ansell Capital Corp.
    Jevin Werbes
    President & CEO
    604-921-1810
    604-921-1898 (FAX)
    www.ansellcapital.com