Ansell Capital Corp. Acquires Nevada Gold Property and Rearranges Board
28 Abril 2009 - 8:30AM
Marketwired
Ansell Capital Corp. (TSX VENTURE: ACP) is pleased to announce that
it has secured a lease with an option to acquire a 100% interest in
and to the Redrock Property located in Lander County, Nevada from
Arthur R. Leger (F.R.O.G. L.L.C.). The aggregate consideration
payable under the option is $2 million (USD), 1.1 million shares
and exploration expenditures to be incurred over 10 years in the
amount of $1,900,000, with $10,000 USD due and payable upon signing
and $15,000 in exploration expenditures to be incurred within the
first year of the signing of the agreement.
The Redrock Property consists of 269 unpatented lode mining
claims covering approximately 2,177 hectares (5,380 acres) of
federal land located 42 km south of Battle Mountain, Nevada.
Redrock Property
The property lies within the gold-rich, Battle Mountain-Eureka
mineral belt and within the greater Cortez mining district, which
includes several major gold mines and deposits - Pipeline, Gold
Acres, Cortez, Cortez Hills and Pediment. Within the Battle
Mountain-Eureka mineral belt, reported gold reserves, from 1996
through 2005 (including the Twin Creeks and Getchell gold mines),
stood at over 50 million ounces of gold. Specifically the property
is located approximately 23 km west of Barrick's multi-million
ounce Pipeline gold deposit; 45 km northwest of Barrick's Cortez
hill gold deposit; 19 km east of the Cove-McCoy past gold producer;
and 24 km southeast of Newmont's Phoenix gold mine.
Exploration activities in the vicinity of the Redrock Property
began in 1996. This exploration work was performed by Centerra
(U.S.) Inc. (and its predecessor Cameco Gold).
Exploration work by Cameco Gold led to the discovery of altered
and mineralized features in a sandstone member of the Silurian-age
Elder Formation (upper plate). These features included zones of
intense fracturing, brecciation and gold-in-rock geochemistry
values up to 13.2 g/t Au. In 1998, Cameco drilled five shallow,
reverse circulation drill holes on its property to test both rock
and soil geochemical targets. One hole, RRC98-05, intersected 9.1 m
grading 1.285 g/t Au (30 ft at 0.037 oz/ton), immediately beneath
alluvium at a depth of 7.6 m. The vertical and lateral extent of
this gold mineralization has never been established. Ansell
controls all the ground immediately surrounding the Cameco
discovery.
Luna Gold explored the Redrock Property briefly in 2004, and
then ventured the property to Centerra (U.S.) Inc. From 2005
through 2007, Centerra conducted exploration activities, which
included rock and soil geochemical sampling, a regional gravity
survey and drilling.
On the Redrock Property Centerra completed a soil survey that
consisted of 1,573 soil samples, which covered approximately 70% of
the property. The results defined a northwest trending,
structurally controlled, nearly contiguous series of gold anomalies
that are 12,000 ft long and 3,000 ft wide, with coincident
anomalous values of arsenic, antimony, mercury, and zinc. Anomalous
gold-in-soil values range from 0.020 g/t Au to 1.195 g/t Au. This
zone is located in upper plate, Palaeozoic rocks along and parallel
to the northwest-striking Caetano caldera break. This highly
significant structural feature brings Tertiary volcanic rocks into
juxtaposition with Palaeozoic units, and is one of the most
important controls for gold mineralization in the Region.
In addition, Centerra collected over 219 rock samples. Anomalous
gold values in rock-chips confirm bedrock sources within the soil
anomalies. Two samples from the heart of the gold-in-soil anomaly
contained 0.932 and 0.810 g/t Au. Arsenic, mercury, zinc, and to a
lesser degree, antimony and silver, show similar results.
Chris M. Healey P.Geo, a Director of Ansell, is the Qualified
Person responsible for the technical information contained in this
release.
Board of Directors Clarified
Due to the recent reconfiguration of Ansell's Board, the
company's board now consists of:
Jevin Werbes - President/CEO/Director
Barry Sheahan - CFO
Bev Funston - Corp. Sec/Director
Rahoul Sharan - Director
Chris Healey - Director
Pat Campling Jr. - Director
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.
This news release does not constitute an offer to sell or a
solicitation of an offer to sell any of the securities in the
United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to U.S
Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
News Release.
Contacts: Ansell Capital Corp. Jevin Werbes President / CEO
(604) 921-1810 (604) 921-1898 (FAX)
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