Anglo Swiss Drills 14.14 g/t Au over 3.08 Metres in One of Ten Gold Intersections in First Hole of 2012 at Kenville
VANCOUVER, March 21, 2012 /PRNewswire/ – Anglo Swiss Resources Inc. (ASW:TSX-V,
ASWRF: PK) (“Anglo Swiss” or the “Company“) is pleased to announce multiple high-grade gold intercepts in the
first hole of the 2012 drill program at the Kenville gold project in
south-eastern BC. Drill Hole KE12-01 intersected ten separate
high-grade gold veins over a core length of 400 metres, including 14.14
g/t Au over 3.08 metres.
Hole_ID From To (m) Core Au Ag Diluted Au Grade** (m) Length (g/t) (g/t) (m) KE12-01 65.67 65.94 0.27 57.10 25.90 7.71 g/t / 2.0m 217.03 218.05 1.02 32.93 4.80 16.79 g/t / 2.0m including 217.03 217.74 0.71 41.80 6.00 334.04 334.72 0.68 14.35 3.00 4.88 g/t / 2.0m 361.19 363.15 1.96 3.88 4.13 3.80 g/t / 2.0m including 361.19 361.47 0.28 15.95 15.80 and 362.95 363.15 0.20 14.80 12.20 371.68 374.76 3.08 14.14 18.80 14.14 g/t / 3.08m including 372.80 373.62 0.82 49.30 62.80 451.60 451.80 0.20 33.60 23.60 3.36 g/t / 2.0m ** Grade diluted to 2 metre minimum width (0.0 g/t Au grade was added to complete the 2 metre width) See Appendix 1 for complete list of assays with additional high-grade intercepts (http://files.newswire.ca/951/Apendix.pdf)
Drill Hole KE12-01 is part of the current drill program focused on both
infill and expansion of the recently outlined 500-metre strike
extension of high-grade gold veins south of the historic Kenville Gold
Mine. KE12-01 was collared on an existing drill pad to test up-dip of
drill holes KE10-16 (88.1 g/t Au over 0.88m, 111.5 g/t Au over 0.5m)
and KE10-15 (113.1 g/t Au over 0.2m). The hole successfully extended
the vein system and additionally cut several other high-grade gold
veins. See drill hole cross section below (http://files.newswire.ca/951/DrillMap.pdf).
“We continue to be impressed with the number of high-grade gold veins we
are intersecting south of historic Kenville mine workings. Although to
date the majority of the veins are relatively narrow, the consistent
high grade allows for dilution to potential mining widths while
retaining excellent gold grades. Hole number five in our current
drilling program tested a potential new structure, intersecting both
wide disseminated sulphide sections and veins. We will evaluate the
results of our first five drill holes and then resume drilling later in
the second quarter”, commented Jari Paakki, CEO of the Company.
Selected Previously Reported Intersections South of Kenville Mine:
_______________________________________________________________ |Hole_ ID|Au (g/t)|Ag (g/t)|Core Length (m)| Diluted Au Grade** | |________|________|________|_______________|____________________| |KE09-10 | 26.8 | 54.8 | 1.82 | 24.4 g/t / 2.0m | |________|________|________|_______________|____________________| |KE10-16 | 111.5 | 58.1 | 0.50 | 27.9 g/t / 2.0m | |________|________|________|_______________|____________________| |KE10-16 | 88.1 | 130.0 | 0.88 | 38.8 g/t / 2.0m | |________|________|________|_______________|____________________| |KE10-17 | 59.8 | 31.8 | 0.46 | 13.8 g/t / 2.0m | |________|________|________|_______________|____________________| |KE10-19 | 84.5 | 22.3 | 0.45 | 19.0 g/t / 2.0m | |________|________|________|_______________|____________________| |KE11-20 | 34.8 | 34.5 | 0.69 | 12.0 g/t / 2.0m | |________|________|________|_______________|____________________| |AK08-15 | 205.0 | 182.0 | 0.30 | 30.8 g/t / 2.0m | |________|________|________|_______________|____________________| |** Grade diluted to 2 metre minimum width (0.0 g/t Au grade was| |added to complete the 2 metre width) | |_______________________________________________________________|
To date in 2012, the Company has completed five drill holes for 2,876
metres with all holes cutting quartz veins. Four drill holes were
completed south of historic Kenville mine workings, and the fifth hole
tested the newly interpreted structural trend west of Kenville. The
Company has currently paused drilling to wait for assays. Results will
be released in the coming weeks.
Anglo Swiss implements a quality control (QA/QC) program to ensure best
practice in sampling and analysis. Samples of split NQ2-size core are
transported by Company personnel in securely sealed bags for
preparation and analysis at ALS Minerals facilities. The remaining half
of the core is kept as a permanent record and stored at a secure
facility at the Kenville Mine site in Nelson, BC. Core samples are
analyzed for gold using a 30 gram fire assay and gravimetric finish.
Jari Paakki, P. Geo., is the designated “qualified person” (within the
meaning of National Instrument 43-101) responsible for the preparation
of this news release.
About Anglo Swiss:
Anglo Swiss Resources Inc. controls a highly-prospective, Canadian
precious and base metal exploration property portfolio which includes
its flagship 100%-owned Kenville Gold Mine property in southeastern BC,
as well as its 100%-owned Lansdowne House, Ring of Fire
nickel-copper-PGE project in northwestern Ontario. Further information
about the Company may be found at http://www.anglo-swiss.com or at http://www.sedar.com.
Cautionary Note Regarding Forward-Looking Statements: Certain statements made herein may contain forward-looking statements
or information within the meaning of Canadian securities laws. 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. For example, there is no certainty, that
any economically viable mineral deposit will be located on the
Property, or that the Company will be able to raise sufficient capital
to complete all of its exploration and drill programs. Accordingly,
undue reliance should not be placed on forward-looking statements or
information. Anglo Swiss does not expect to update forward-looking
statements or information continually as conditions change, except as
may be required by securities law.
SOURCE Anglo Swiss Resources Inc.
PDF with caption: “DOCUMENT: Drill Map”. PDF available at: http://stream1.newswire.ca/media/2012/03/21/20120321_C6523_DOC_EN_11387.pdf
PDF with caption: “DOCUMENT: Appendix”. PDF available at: http://stream1.newswire.ca/media/2012/03/21/20120321_C6523_DOC_EN_11388.pdf