Guinness Exploration is aggressively exploring for gold in one of the most prolific mining regions in the world, the Tintina Gold Belt.

Home to several of the world's largest and most profitable gold mines, the Tintina Gold Belt has become a hotbed of activity in recent years, as major mining companies move to lock-up prospective projects in a gold region with historic/present deposits in excess of 50 million ounces.

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Guinness Exploration Reports Assays From Charlotte Project 2011 Summer Drill Program

Auckland, New Zealand – September 6, 2011 PR Newswire – Guinness Exploration Inc. (“Guinness”), 'OTC-BB: GNXP', reported today its partner Ansell Capital Corp. (“Ansell”), 'TSX: ACP', has received assays from the 2011 summer drilling program on the Charlotte Project in the Mount Nansen area of the Yukon Territory, Canada.

Ansell reported:
Assays have been received for the first nine diamond drill holes, totalling 1492 metres, from the recently completed 20 hole drill program on the Flex Zone at the Charlotte property located in the prolific Tintina belt. Previous historical drilling by other operators in the general area returned encouraging results such as drill holes DDH-10-243, which contained an intersection of 28.9 metres averaging 5.06 grams per tonne (g/t) gold and DDH-10-248, which contained 8.60 metres averaging 5.00 g/t gold.

Drilling this year has intersected broad well-mineralized zones, enhancing the potential for a bulk mineable deposit to be hosted on the property.

Highlights include:

  • DDH-11-257   11.04 g/t Au over 23.05 m
  • DDH-11-254   3.38 g/t Au over 12.40 m
  • DDH-11-255   2.29 g/t Au over 18.45 m
  • DDH-11-259   3.00 g/t Au over 14.55 m
  • DDH-11-258   2.45 g/t Au over 12.50 m and
  • DDH-11-262   11.71 g/t Au over 6.60 m.

 

About the Charlotte Project and Guinness Exploration
The Charlotte Project is situated in the prolific Tintina Gold Belt, a 1,200 km long area extending from northern British Columbia, through the Yukon Territory and into southwest Alaska. The Tintina Gold Belt includes such world-class, multi-million ounce gold deposits as Pogo, Fort Knox, True North, and Donlin Creek. The Charlotte Project claims consist of 128 full or fractional claims with a total area of 2,336.14 square hectares located in the South Central part of the Yukon, 180 km Northwest of Whitehorse and 60 km west of the Village of Carmacks. Guinness Exploration Inc. trades on the OTC-BB under the symbol GNXP. The Company was incorporated in Nevada in 2005 and incorporated its subsidiary Nantawa Resources Inc. in Yukon, Canada in 2009.  Guinness acquired the Charlotte Project properties in November 2009.

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The full press release issued by Ansell follows:


ANSELL CAPITAL CORP.
3rd Floor – Bellevue Centre
235 – 15thStreet,
West Vancouver, British Columbia V7T 2X1
Canada
Telephone: (604) 921-1810 Facsimile: (604) 921-1898

 

NEWS RELEASE
TSX Venture Symbol: ACP                                                                September 6, 2011

 

ANSELL CAPITAL CORP. ANNOUNCES DRILL RESULTS AT CHARLOTTE PROPERTY, YUKON

Ansell Capital Corp. (“Ansell”) (ACP-TSX-V) is pleased to announce results on the first nine holes from drilling at the Charlotte gold project in the Tintina gold belt, Yukon
Assays have been received for the first nine diamond drill holes, totalling 1492 metres, from the recently completed 20 hole drill program on the Flex Zone at the Charlotte property located in the prolific Tintina belt. Previous historical drilling by other operators in the general area returned encouraging results such as drill holes DDH-10-243, which contained an intersection of 28.9 metres averaging 5.06 grams per tonne (g/t) gold and DDH-10-248, which contained 8.60metres averaging 5.00 g/t gold.
Drilling this year has intersected broad well-mineralized zones, enhancing the potential for a bulk mineable deposit to be hosted on the property.
Highlights include:

  • DDH-11-257   11.04 g/t Au over 23.05 m
  • DDH-11-254   3.38 g/t Au over 12.40 m
  • DDH-11-255   2.29 g/t Au over 18.45 m
  • DDH-11-259   3.00 g/t Au over 14.55 m
  • DDH-11-258   2.45 g/t Au over 12.50 m and
  • DDH-11-262   11.71 g/t Au over 6.60 m.

Detailed results are shown in the following table:

Hole

From

To

Width

Au

(m)

(m)

(m)

g/t

DDH-11-254

 

92.40

104.80

12.40

3.38

Az 060

includes

97.20

98.50

1.30

22.21

Dip -65

 

 

 

 

 

 

 

118.00

125.30

7.30

1.11

 

 

 

 

 

 

 

 

148.60

154.00

5.40

3.09

 

includes

150.60

154.00

3.40

4.45

DDH-11-255

 

108.10

111.00

2.90

1.03

Az 078

 

 

 

 

 

Dip -65

 

112.90

114.25

1.35

1.22

 

 

 

 

 

 

 

 

118.15

136.60

18.45

2.29

 

includes

126.00

133.50

7.50

5.14

DDH-11-256

 

23.30

27.90

4.60

0.41

Az 078

 

 

 

 

 

Dip -50

 

56.90

58.60

1.70

1.47

 

 

 

 

 

 

 

 

71.15

81.10

9.95

3.83

 

includes

77.50

81.10

3.60

7.63

 

 

 

 

 

 

 

 

91.60

97.00

5.40

1.13

 

includes

93.00

93.50

0.50

9.64

DDH-11-257

 

20.12

22.12

2.00

0.80

Az 038

 

 

 

 

 

Dip -50

 

30.30

53.35

23.05

11.04

 

includes

47.66

52.85

5.19

43.16

DDH-11-258

 

29.82

32.90

3.08

3.29

Az 045

includes

31.80

32.90

1.10

8.26

Dip -52

 

 

 

 

 

 

 

50.90

63.40

12.50

2.45

 

includes

57.90

63.40

5.50

4.31

 

includes

61.85

62.55

0.70

16.00

 

 

 

 

 

 

 

 

69.20

77.15

7.95

1.78

 

includes

75.00

75.90

0.90

10.30

 

 

 

 

 

 

 

 

85.00

88.05

3.05

0.44

DDH-11-259

 

55.90

70.45

14.55

3.00

Az 079

includes

58.10

60.30

2.20

16.26

Dip -50

 

 

 

 

 

 

 

83.50

92.15

8.65

3.41

 

includes

88.30

92.15

3.85

6.94

 

includes

89.85

90.55

0.70

18.60

 

 

 

 

 

 

 

 

120.20

122.70

2.50

1.64

 

 

 

 

 

 

 

 

127.30

133.23

5.93

1.21

 

includes

128.15

129.40

1.25

4.56

DDH-11-260b

 

45.12

63.41

18.29

1.45

Az 071

includes

58.75

63.41

4.66

4.37

Dip -50

 

 

 

 

 

 

 

119.00

126.70

7.70

3.10

 

includes

121.65

122.95

1.30

16.21

 

 

 

 

 

 

 

 

254.74

264.60

9.86

0.36

DDH-11-261

 

24.90

25.25

0.35

9.70

Az 045

 

 

 

 

 

Dip -50

 

53.10

69.00

15.90

0.89

 

 

 

 

 

 

 

 

116.58

119.80

3.22

2.16

DDH-11-262

 

97.85

99.60

1.75

0.90

Az 045

 

 

 

 

 

Dip -50

 

107.40

114.00

6.60

11.71

 

includes

107.40

108.60

1.20

62.80

It should be noted that no cutting of high grade samples has been applied.  At this time, the company has insufficient data to apply a cutting factor that is statistically relevant to this property.

Incomplete silver assays have also been received.  Once full silver results are delivered and reviewed, a further release will be made.  At that time it is anticipated that a thorough geological analysis of these results will also be reported.

Charlotte Property, Yukon
The property is located in the White Horse 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 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. 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.
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”

Jevin Werbes, President
Ansell Capital Corp.

For further information, please visit the website at www.sedar.com to view the Company’s profile or contact Jevin Werbes at 604-921-1810.

 

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.

 

For more information please contact Investor Relations at phone: 1-800-841-2788

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Certain information contained in this press release, including any information as to our strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements.” All statements, other than statements of historical fact, are forward-looking statements. The words "believe," "expect," "will," "anticipate," "contemplate," "target," "plan," "continue,” "budget," "may," "intend," "estimate," “project” and similar expressions identify forward-looking statements. Forward-looking statements  are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to mining operations, changes in the worldwide price of certain commodities; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; contests over title to properties; and the risks involved in the exploration, development and mining business. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.


06 September 2011
Guinness Exploration Reports Assays From Charlotte Project 2011 Summer Drill Program

11 July 2011
Guinness Exploration Announces 2011 Summer Drilling Program

03 May 2011
Guinness Exploration Partner Raises US$5.3 million to Fund Exploration Program at Charlotte Project In Yukon, Canada

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