Anglo Swiss Expands Potential at the Kenville Gold Project in BC
VANCOUVER, May 7, 2012 /PRNewswire/ – Anglo Swiss Resources Inc. (ASW:TSX-V,
ASWRF: PK) (“Anglo Swiss” or the “Company“) is pleased to announce the discovery of a potentially new gold
mineralized structure and continued south expansion of high-grade gold
veins at the Kenville gold project in southeastern BC. See drill hole
results table below and attached maps (http://files.newswire.ca/951/Kenville_KE12-holes.pdf).
The newly identified structure is a two kilometre long magnetic low
trend located west of the historic high-grade Kenville Gold Mine. It
was identified in a detailed airborne geophysical survey, earlier
completed by the Company, as a potentially important feature due to its
similarity to the low magnetic signature associated with the Kenville
Gold Mine. Drill Hole KE12-05, the first drill hole testing this trend,
intersected 26.1 metres grading 0.41 g/t Au. Gold mineralization in
drill hole KE12-05 occurs within a broader zone of disseminated pyrite
hosted in variably altered diorite with occasional quartz veins with
base metal sulphides. Anomalous copper and silver occur within the
In-fill and expansion drilling south of historic Kenville mine workings
continues to intersect several high-grade gold veins. Drill holes
KE12-02, -03 and -04 all cut high-grade gold veins assaying up to 20.8
g/t Au over short intervals. Drill hole KE12-04, drilled on the Ron
Option claims, significantly extends the high-grade vein system now
more than 800 metres south of historic Kenville mine workings where the
trend remains completely open at depth and further along strike. Anglo
Swiss has an option to earn 60% interest in the Ron Claims from
Klondike Gold Corp (see news release dated September 23, 2011).
Anglo Swiss has completed five holes totalling 2,775 metres in 2012 at
the Kenville gold project. Results for the first drill hole, KE12-01,
were reported earlier with KE12-01 intersecting ten separate high-grade
gold veins over a core length of 400 metres including 14.14 g/t Au over
3.08 metres (see news release dated March 21, 2012).
Jari Paakki, CEO of the Company, commented “We are pleased with the
initial results of the 2012 drill program at Kenville which have
significantly expanded the exploration potential on the property.
Confirmation of gold mineralization on the westerly magnetic low trend
now provides an additional target on the Kenville project. The style of
mineralization intersected in hole KE12-05 suggest potential for wider
zones of more disseminated style gold mineralization. We plan to resume
drilling in the second quarter.”
Table 1: Assay Results for Drill Holes KE12-02 to KE12-05
_________________________________________________________________ |Hole_ID |From (m)|To (m)|Core Length (m)|Au (g/t)|Ag (g/t)|Cu (%)| |________|________|______|_______________|________|________|______| |KE12-02 | 51.72 |51.92 | 0.20 | 5.00 | 3.80 | | |________|________|______|_______________|________|________|______| |KE12-03 | 223.64 |225.01| 1.37 | 1.66 | 1.20 | | | | 261.46 |265.85| 4.39 | 0.90 | 0.60 | | |includes| 261.92 |262.13| 0.21 | 6.03 | 1.40 | | | | 312.95 |313.50| 0.55 | 3.00 | 1.57 | | | | 331.58 |332.35| 0.77 | 2.48 | 1.99 | | | | 335.86 |336.06| 0.20 | 4.00 | 6.90 | | | | 354.46 |354.74| 0.28 | 6.02 | 0.70 | | | | 364.20 |364.40| 0.20 | 13.30 | 12.90 | | | | 387.32 |387.73| 0.41 | 12.50 | 8.60 | | | | 389.51 |390.30| 0.79 | 3.22 | 0.20 | | | | 481.41 |481.66| 0.25 | 20.80 | 12.10 | | |________|________|______|_______________|________|________|______| |KE12-04 | 74.26 |74.47 | 0.21 | 3.46 | 23.80 | | | | 298.50 |298.97| 0.47 | 13.75 | 15.45 | | | | 437.64 |437.96| 0.32 | 8.74 | 2.30 | | | | 603.45 |606.12| 2.67 | 1.60 | 0.89 | | |includes| 603.45 |603.65| 0.20 | 14.00 | 9.00 | | | | 658.10 |658.30| 0.20 | 5.86 | 3.50 | | | | 685.88 |686.15| 0.27 | 14.55 | 7.30 | | | | 723.98 |724.18| 0.20 | 8.40 | 6.70 | | |________|________|______|_______________|________|________|______| |KE12-05 | 100.04 |100.41| 0.37 | 1.58 | 20.90 | 1.13 | | | 378.70 |462.35| 83.65 | 0.19 | 1.09 | 0.08 | |includes| 391.30 |417.40| 26.10 | 0.41 | 2.03 | 0.12 | |includes| 391.30 |396.95| 5.65 | 0.88 | 1.84 | 0.14 | |includes| 393.30 |394.00| 0.70 | 4.45 | 1.60 | 0.09 | | and | 413.26 |413.90| 0.64 | 3.06 | 9.50 | 0.48 | |________|________|______|_______________|________|________|______|
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.