Guinness Exploration Announces 2011 Summer Drilling Program
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.
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