VANCOUVER, February 17, 2011 /PRNewswire/ --
TSX Venture: ASW
OTCBB: ASWRF
Frankfurt: AMO
Anglo Swiss Resources Inc. ("Anglo Swiss" or the "Company") is
pleased to announce further results from the ongoing diamond drill
program at the Kenville Gold Mine property located in south-eastern
British Columbia. Of the fourteen
holes drilled to date in this area, KE10-19 and KE10-20 are the
furthest south. Both holes intersected multiple veins, many with
high gold and silver values, the last one being over 500 meters
south of and 200 meters below the mine's production levels. There
were twenty-six gold assays received from these five holes that
graded at least 8 g/t Au to a high of 142.0 g/t Au and thirteen
silver assays from 27.9g/t Ag to 56.2 g/t Ag.
The area delineated by this recent drilling on the East side of
Eagle Creek and extending to the southwest of the Kenville Gold
mine is now considerably larger than the total production area of
the original mine. The regular occurrence of multiple mineralized
veins and the generally untapped potential to depth and to the
south suggest that the veins are part of a large scale mineralized
system that Anglo Swiss will
continue to systematically explore.
Please click here
(http://files.newswire.ca/933/angloswiss0217.pdf) to view the
Kenville Mine property map depicting the recent drill holes
intercepts and the full assay table. Some of the highest weighted
highlights from the assay sheets are as follows:
Hole ID From To Interval Grade Au Imperial Grade Ag
KE10-17 371.8 373.05 1.25m 22.33 g/t 4.10 ft at 0.78 oz 12.22 g/t
Incl 372.16 372.60 0.46m 59.8 g/t 1.5 ft at 2.10 oz 31.8 g/t
KE10-19 426.05 427.33 1.28m 30.12 g/t 4.19 ft at 1.06 oz 9.27 g/t
Incl 426.05 to 426.5 0.45m 84.5 g/t 1.47 ft at 2.98 oz 22.3 g/t
KE11-22 362.71 364.18 1.47m 22.82 g/t 4.82 ft at 0.80 oz 18.29 g/t
Incl 363.21 363.68 0.47m 70.8 g/t 1.54 ft at 2.49 oz 55.5 g/t
KE11-22 430.12 431.58 1.46m 49.91 g/t 4.79 ft at 1.76 oz 20.77 g/t
Incl 430.62 431.13 0.51m 142.0 g/t 1.67 ft at 5.0 oz 56.2 g/t
Len Danard, President and CEO
stated "The significance of drilling and proving the existence of
continued high grade gold vein structure over 500 meters from the
mine's historic working levels is very positive. The fact that we
are also able to intersect similar high grade gold systems 200
meters below the surface levels of this past producer is also
extremely encouraging."
Since recommencing drilling in November
2010, eight more holes have been drilled directly to the
south of the Kenville mine, on the
East side of Eagle Creek, adding to the six holes previously
drilled in this area in 2009-2010. Assays from the first hole,
KE10-16 were released Dec 14, 2010.
Assay results for holes KE10-17, 19, 20 (KE-18 abandoned in
overburden) and holes KE11- 21, 22 have been received back from ALS
Canada and a Quality Control survey of all the data has been
successfully completed by the Company's Qualified Person.
The following are the more noteworthy drill intersections:
Hole ID From To Interval Grade Au Imperial Grade Ag
KE10-17 371.8 373.05 1.25m 22.33 g/t 4.10 ft at 0.78 oz 12.22 g/t
Incl 372.16 372.60 0.46m 59.8 g/t 1.5 ft at 2.10 oz 31.8 g/t
KE10-19 426.05 427.33 1.28m 30.12 g/t 4.19 ft at 1.06 oz 9.27 g/t
Incl 426.05 to 426.5 0.45m 84.5 g/t 1.47 ft at 2.98 oz 22.3 g/t
KE10-19 569.47 569.85 0.38m 13.63 g/t 1.24 ft at 0.48 oz 12.53 g/t
Incl 569.7 569.85 0.15m 31.7 g/t 0.49 ft at 1.11 oz 24.7 g/t
KE10-20 407.02 409.23 2.21m 6.38 g/t 7.25 ft at 0.22 oz 7.33 g/t
Incl 407.63 409 1.37m 9.9 g/t 4.49 ft at 0.34 oz 10.53 g/t
KE10-20 499.2 501.08 1.88m 13.57 g/t 6.16 ft at 0.47 oz 13.6 g/t
Incl 499.2 499.89 0.69m 34.8 g/t 2.26 ft at 1.22 oz 34.5 g/t
499.89 500.2 0.31m 0 g/t 1.31 ft at 0 oz 0 g/t
KE11-21 614.85 617.3 2.45m 4.64 g/t 8.03 ft at 0.16 oz 9.87 g/t
Incl 616.05 616.36 0.31m 30.5 g/t 4.49 ft at 0.34 oz 27.9 g/t
KE11-22 263.21 265.18 1.97m 6.07 g/t 6.46 ft at 0.21 oz 5.73 g/t
Incl 263.86 264.65 0.79m 14.2 g/t 2.59 ft at 0.5 oz 9.2 g/t
KE11-22 362.71 364.18 1.47m 22.82 g/t 4.82 ft at 0.80 oz 18.29 g/t
Incl 363.21 363.68 0.47m 70.8 g/t 1.54 ft at 2.49 oz 55.5 g/t
KE11-22 430.12 431.58 1.46m 49.91 g/t 4.79 ft at 1.76 oz 20.77 g/t
Incl 430.62 431.13 0.51m 142.0 g/t 1.67 ft at 5.0 oz 56.2 g/t
KE11-22 570.23 571.86 1.63m 7.21 g/t 5.34 ft at 0.25 oz 5.22 g/t
Incl 570.23 570.43 0.20m 51.6 g/t 0.65 ft at 1.82 oz 36.6 g/t
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The sampled NQ2 drill core was submitted for assay with proper
reference certified material, blanks, sample duplicates for quality
control and scrutiny for NI 43-101 purposes. Gold values were
analyzed by fire assay; the analytical laboratory retained was ALS
Canada of North Vancouver. The
intervals are an apparent thickness of the reported intersects,
which may represent 80-100% of the intervals' true thickness. Only
intersections that are truly perpendicular to core axis will be
100% true width. Most vein intersects are 70-80deg TCA.
All recent technical work has been supervised by, and the
contents of this news release have been verified by, Ginette Carter, P.Geo, who is a qualified person
as defined in National Instrument 43-101, standards of disclosure
for mineral projects.
About Anglo Swiss
Anglo Swiss Resources Inc. is earning a majority interest in the
160 square kilometer Nelson Mining Camp, the host to the Company's
100% owned Kenville Gold Mine property. The Nelson Mining Camp is
the host to numerous, historical producing gold, silver and copper
mines, surface adits and old workings. Exploration programs are
underway throughout the Camp area with the focus on building a
larger gold resource within the Kenville Gold Mine property and
beyond to the south.
Reader Advisory
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain of the statements made herein may contain
forward-looking statements or information within the meaning of
Canadian securities laws and the applicable securities laws of
the United States. Such forward
looking statements or information include, but are not limited to,
statements or information with respect to Anglo Swiss Resources'
plan for future exploration and development of its properties.
Forward-looking statements or information are based on a number
of estimates and assumptions and are subject to a variety of risks
and uncertainties, which could cause actual events or results to
differ from those reflected in the forward-looking statements or
information. Should one or more of these risks and uncertainties
materialize, or should underlying estimates and assumptions prove
incorrect, actual results may vary materially from those described
in forward looking statements or information. Factors related to
such risks and uncertainties, and underlying estimates and
assumptions include, among others, the following: the ability of
Anglo Swiss Resources to advance development of its properties;
price volatility of gold and other metals; impact of any hedging
activities, including margin limits and margin calls; discrepancies
between actual and estimated production, between actual and
estimated resources, and between actual and estimated metallurgical
recoveries; mining operational risk; regulatory restrictions,
including environmental regulatory restrictions and liability;
risks of sovereign investment; speculative nature of mineral
exploration; defective title to mineral claims or property,
litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological
or operational difficulties or inability to obtain permits
encountered in connection with exploration activities; and labour
relations matters. Accordingly, undue reliance should not be placed
on forward looking statements or information. We do not expect to
update forward-looking statements or information continually as
conditions change, except as may be required by law.
%SEDAR: 00009710E
For further information:
Company contacts:
Len Danard
President and Chief Executive Officer
Tel: +1(604)683-0484
Fax: +1(604)683-7497
Email: corporate@anglo-swiss.com