AUCKLAND, New Zealand,
July 11, 2011 /PRNewswire/ --
Guinness Exploration Inc. ("Guinness"), (OTC-BB: GNXP), announced
today that its partner Ansell Capital Corp. ("Ansell"), (TSX: ACP),
has begun the summer drilling program on the Charlotte Project in
the Mount Nansen area of the Whitehorse Mining Division, of the
Yukon Territory.
Ansell reports that to date 8 holes have been completed on the
Flex Zone for a total of 1276 meters. The drilling program is
planned for a minimum of 3500 meters. Hole depths to date have
ranged from 91m to 350m.
The drill program for the Flex Zone includes 4 confirmation and
infill holes and 4 down dip extension holes. Additional drilling
will test for strike extensions of previously discovered gold and
silver mineralization. All holes have successfully encountered the
mineralized zone and associated alteration. Samples collected to
date have been submitted for assaying and results will be announced
as data is compiled and interpreted.
Other zones to be drill tested include anomalous silver, gold
and copper values in trenches across the OK Zone and historical
high grade drill intercepts in the Webber Zone.
Planned trenching and soil sampling on other zones on the
property has been delayed until later in July due to an abnormally
late spring thaw.
Ansell's full press release can be found at:
http://www.ansellcapital.com/news/index.php?&content_id=79
CEO Alastair Brown commented:
"Progress is again being made at Charlotte and we're very pleased
to be working with Ansell to develop the project. They've been
successful at raising the capital required to fund the exploration
program and we're confident in their role as project operator."
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.
SOURCE Guinness Exploration Inc.