Anglo Swiss Intersects Multiple High Grade Gold Veins Extending Mineralized Structures by More Than 500 Meters
By Anglo Swiss Resources Inc., PRNEWednesday, February 16, 2011
VANCOUVER, February 17, 2011 -
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 (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
For further information: Company contacts: Len Danard, President and Chief Executive Officer, Tel: +1(604)683-0484, Fax: +1(604)683-7497, Email: corporate at anglo-swiss.com
Tags: Anglo Swiss Resources Inc., canada, February 17, Vancouver