Anglo Swiss to Prospect its Blu Starr Graphite Property in Southeast BC
VANCOUVER, May 9, 2012 /PRNewswire/ – Anglo Swiss Resources Inc. (ASW:TSX-V,
ASWRF: PK) (“Anglo Swiss” or the “Company“) is pleased to announce plans to commence prospecting at its Blu Starr
Graphite Property in the Slocan Valley near the city of Nelson in
southeastern BC. The property is located south of Eagle Graphite
Corporation’s flake graphite operation and adjoins their claim group.
Eagle Graphite is one of only two natural flake graphite mines
operating in North America (see attached maps).
The 6,473 hectare (~65 sq. km) property covers high-grade metamorphic
rocks of the Valhalla Metamorphic Complex which hosts favourable
horizons with flake graphite. Next to Eagle Graphite, Anglo Swiss has
one of the largest claim holdings covering the Valhalla Metamorphic
Complex in the region. Flake graphite occurrences are known on the Blu
Starr property. In the northern part of Blu Starr up to 15% graphite
has been mapped in outcrop and appears associated with a three
kilometre long electromagnetic (EM) anomaly identified in an airborne
geophysical survey completed by the Company in 2010. Less than 25% of
the property was covered by this airborne survey.
Jari Paakki, CEO of the Company, commented “With escalating interest in
flake graphite we are in a great position having a quality, road
accessible graphite project in one of North America’s top graphite
producing regions in our portfolio. Prospecting will target prospective
horizons that host flake graphite as soon as weather conditions permit.
Large portions of the property are expected to be clear of snow cover
at the end of May.”
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. also 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.