Ansell Capital Corp. Receives Positive Assays and Commences Drilling
07 Abril 2010 - 8:30AM
Marketwired
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.
Contacts: Ansell Capital Corp. Jevin Werbes President & CEO
604-921-1810 604-921-1898 (FAX) www.ansellcapital.com
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