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On October 18th Ansell Capital (TSX-V:ACP) announced it struck high-grade gold in the Yukon Territory.

The first six holes of the drilling program on the Ansells Charlotte Project in the Yukon Territory have all struck gold. The assay results found grades as high as 35.6 g/t gold and 973 g/t silver.

The news couldnt have come at a better time either.

The Yukon Territory, more specifically, the Tintina Gold Belt, has been home to a slew of recent discoveries. You name a hot Yukon gold exploration play - ATAC Resources, Kaminak, or Underworld (now Kinross) - and its in the Tintina Gold Belt.

The news sent Ansell shares climbing from 30 cents to a high of 59 cents and capped off a two-month 490% rise.

The thing is, the results were from the first six holes of a 14-hole program. So, as youll soon see, this sharp upturn could be just a sign of things to come for Ansell Capital (TSX-V:ACP).

The Next Big Yukon Gold Discovery?

Ansells primary focus is on the Charlotte Project encompassing 2,336 hectares in the Yukon Territory. Ansell has acquired an option to take an 85% ownership stake in the property.

The Charlotte Project is in the heart of the hot Yukon gold exploration area around the Tintina Fault and the Denali Fault.

The image below shows the Charlotte Project relative to the other recent major discoveries in the area:

You can see the Charlotte Project is on the same trend of Kinrosss White Gold project, Kaminaks Coffee property, Capstones Minto Mine, and is not far from ATACs Rau property where it has announced it has made at least three discoveries.

Also, the grades Ansell has hit on the Charlotte Project are very similar to many of the other successful discoveries in the region.

Ansells drilling results include (view full table of drill results here):

Hole 10-240: 31.25 m - 1.66 g/t Au, 67 g/t Ag

Including: 1.7 m - 13.14 g/t Au, 778 g/t Ag

Hole 10-241: 24.25 m - 1.77 g/t Au, 115.96 g/t Ag

Including: 0.9 m - 23.81 g/t Au, 973 g/t Ag

Hole 10-243: 28.9 m - 5.06 g/t Au, 138.89 g/t Ag

Hole 10-245: 5.35 m - 20.91 g/t Au, 131 g/t Ag

Those samples of results show that Ansell has made a sizeable discovery in an area where big discoveries are becoming more and more common.

But at this point, Ansell is still in the early stages of exploration. Which could mean there is very good news to come.

Ansell currently has just under 23 million shares outstanding. At a recent price of 40 cents per share, that gives the company a total market value of less than $10 million.

In comparison to other Yukon companies, thats very small. ATAC Resources has a market value of more than $700 million. Kaminak has a market value of more than $180 million. Even some companies which havent even started drilling in the region are valued at $20 million or more.

Thats all why the Ansells news was able to really get the market excited as the chart below shows.

As you can see, Ansell shares were fairly dormant for a while. Then they announced they were drilling. The shares started to run up in anticipation of the drilling results. Then they announced the results and the market just took off.

The excitement isnt over yet. There are still eight more holes to release from the 14-hole program on the on the Charlotte Project.

Share Structure:
Shares Outstanding: 22,855,023
Market Cap (@ recent price of 40 cents per share): $9.2 million

Management

Jevin Werbes - President, CEO and Director - Mr. Werbes is currently the president and a director of Ansell Capital Corp. with more than 16 years experience in the mining industry in British Columbia and Nevada. More recently in his career, he has been successful in acquiring strategic mineral properties as a property vendor and actively involved in corporate development, finance and investor relations with success in assisting juniors with financings.

Bev Funston - Corporate Secretary - has over 20 years of office administration experience, 10 years in regulatory compliance.Bev oversees the general administration of the company and serves as Corporate Secretary for Uranium Power Corp. She also serves on the boardof a number of resource companies.

Rahoul Sharan, C.A. - Director - brings over 18 years of finance and accounting experience to Uranium Power Corp. He is responsible for managing all of Uranium Powers accounting and financial matters.

Prior to joining Uranium Power, Rahoul was a partner of the S&P Group, which specializes in investment financing for venture capital projects, real estate development and construction. At S&P Group, Rahoul led the successful financing efforts for over 15 companies in several industries.

Rahoul is the President of KJN Management Ltd., which provides a broad range of administrative, management and financial services. He also worked in public accounting for six years with Coopers & Lybrand. At C&L, Rahoul worked in both the tax and audit groups for a wide variety of large and small clients.

Rahoul holds a Bachelor of Commerce degree from the University of British Columbia and is a member of the Institute of Chartered Accountants of British Columbia.

Chris Healey, P.Geo - Director - is a licensed professional geologist in Wyoming with over 38 years experience in the natural resources industry, specializing in uranium exploration and extraction. He has held senior positions with Cameco Corporation, the worlds largest uranium producer, where he recently managed its US operations and was responsible for the acquisition of several major uranium properties that hosted in excess of 50 million pounds of resources. He was involved in the discovery of the worlds two largest high grade deposits: Cigar Lake and McArthur River. Chris has broad and deep experience in all aspects of resource mining, especially in the uranium sector. He has also worked on uranium projects around the world, including Canada, the United States, Paraguay, Kazakhstan, Mongolia, Australia and Malawi.

Chris has a Bachelor of Science degree in Geology from the University of Wales, Swansea. He also served as the national president of the Geological Society of Canadian Institute of Mining, Metallurgy and Petroleum. In addition to belonging to several key industry associations, he has also published several scientific papers on resource and reserve evaluations.

The Bottom Line

Ansell Capital (TSX-V:ACP) is in the early stages of exploration.

It has acquired an option on the Charlotte Project which consists of more than 2,300 hectares of prime gold exploration territory in the red-hot Yukon Territory.

The results have been very encouraging so far. Drill results grading as high as 35.6 g/t gold and six out of six holes hitting gold in a region where large gold discoveries are common is a very, very good sign.

Also, there are still results of eight more holes from the 14-hole program to come.

Finally, with a market value of less than $10 million, there is still a lot of potential upside relative to its peers in the region.

You can follow Ansell Capitals (TSX-V:ACP) ongoing development at

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