ACP ArcPacific Resources Corp

Ansell Capital Corp. ("Ansell") (TSX VENTURE:ACP) is pleased to announce that
crews have mobilizing for the summer field program at the Charlotte gold project
in the Tintina gold belt, Yukon. The program will include 2000 metres of diamond
drilling, as well as trenching and soil geochemistry.


Diamond drilling will be carried out by D.J. Drilling (2004) Ltd of Aldergrove,
B.C., and will consist of approximately 2000 meters in 7 holes. The drill
strategy will be to explore depth extensions of the Flex Zone, to test the area
between the Flex and Webber zones which has never been previously drilled, and
to follow up on high grade samples in trenches at the north end of the Huestis
zone.


Approximately 1.2 km of trenching in the northern Cu-Mo-Au porphyry will be
completed as well as 1 km in other areas following up on multi-element
anomalies. In addition to drilling, Ansell has planned a short soil survey over
claims staked in 2011.


The field program will be managed by Coast Mountain Geological of Vancouver, B.C.

The 2011 drill program on the property confirmed and expanded known high grade
gold and silver vein hosted mineralization. The strike length of the deposit, on
the Flex Zone alone, was extended to 580 metres long and up to 90 metres wide
and remains open to the south, southwest and at depth.


The current working deposit model is similar to other surrounding vein deposits
(the Webber, Huestis, and the past producing Brown-McDade as well as to the Flex
deposit), forming a set of mineralizing shears. The mineralizing fluids filled
in pockets formed during an extension period and have been subsequently faulted.
The deposit is a braided series of gold-silver bearing quartz veins accompanied
by significant base metal mineralization. The veins crosscut both the gneisses
of the Yukon Terrane and the intruded feldspar and quartz feldspar porphyries of
the Mt. Nansen volcanics. 


Charlotte Property, Yukon

The property is located in the Whitehorse 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 all but the Flex Zone have been
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 to
the South East. 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.


Jevin Werbes, President of Ansell commented, "The planned program will follow-up
on the successful results of the 2011 drilling. This will include expanding the
extents of known mineralization, developing new targets, and also validation of
the geological model."


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, President

Ansell Capital Corp.

For further information, please visit the website at www.sedar.com to view the
Company's profile.

ArcPacific Resources (TSXV:ACP)
Historical Stock Chart
From Apr 2024 to May 2024

ArcPacific Resources (TSXV:ACP)
Historical Stock Chart
From May 2023 to May 2024