Anglo Swiss Plans Airborne EM Survey over the Blu Starr Flake Graphite Property in Southeast BC and Provides Corporate Update
VANCOUVER, Oct. 3, 2012 /PRNewswire/ – Anglo Swiss Resources Inc. (ASW:TSX-V,
ASWRF: PK) (“Anglo Swiss” or the “Company“) is pleased to announce plans to commence an airborne electromagnetic
(EM) survey over its Blu Starr Flake Graphite Property located near
Nelson in southeastern BC. The property adjoins Eagle Graphite
Corporation’s flake graphite operation which is one of only two natural
flake graphite mines in North America. Next to Eagle Graphite, Anglo
Swiss holds the largest land package covering 6,473 hectare (~65 sq.
km) in the southern part of the favourable Valhalla Metamorphic Complex
(see attached maps).
The planned ~550 line-kilometre survey will complete EM geophysical
coverage over the entire property expanding on the 2010 survey
completed by the Company. The earlier survey outlined a three kilometre
long, shallow south-dipping conductor on the north side of Perry Peak
which correlates well with numerous outcrops of large flake graphite
occurrences known as the Tedesco showing. At this time the total
thickness of the graphite bearing units is unknown as this conductor
has not been drill tested. The new EM survey will cover the southern
half of Perry Peak and central part of the property with the goal of
identifying the possible southern extension of Tedesco as well as new
large EM conductors. Aeroquest Airborne Limited will be conducting the
EM survey utilizing the AeroTEM IV system.
The Company also announces that Mr. David Constable is resigning as
Chairman and Director of the Company due to other workload commitments
but will remain with the Company as Special Advisor. Jari Paakki, CEO
of the Company, commented “We look forward to the continued working
relationship with Mr. Constable. His extensive industry experience will
greatly assist the Company as we actively evaluate our current assets
and options moving forward.”
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. is a Canadian based exploration company with
a current portfolio of precious and base metal, and flake graphite
exploration properties which includes its 100%-owned Kenville Gold Mine
and Blu Starr Graphite properties 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 in the Company presentation 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.