| News Release |
April 30, 2009 |
| Anglo Swiss Resources Inc. |
(TSX.V -ASW) (OTCBB - ASWRF) (BERLIN - AMO) |
Anglo Swiss Resources Inc. Assays up to 210.5 Grams per Tonne Gold During Extensive Underground Exploration Program at its Kenville Gold Mine Property
Thursday, april 30, 2009
VANCOUVER (Business Wire) -- Anglo Swiss Resources Inc. (TSX VENTURE:ASW) (OTCBB:ASWRF) (BERLIN:AMO) announces that the Company has began an extensive underground exploration program at its historic Kenville Gold Mine near Nelson BC. The purpose of this program is to re-establish a NI 43-101 compliant gold mineral resource on the 257 level, the lowest adit level in the mine. The previous resource calculations on the Kenville Gold Mine pre-date the implementation of NI 43-101.
The first stage of the program is underway, which is to reestablish mine survey control through out the 257 level. This stage also includes review of the previous underground mapping, assay and drill hole logs, old reports, and research into other historical data (much of which has been found at the Chamber of Mines of Eastern British Columbia in Nelson).
The preliminary underground geological mapping and the first 14 samples of a 100 chip-sampling program have been completed. The following table shows the results of the gold, silver and copper assays for the initial chip samples. These chip samples were taken on un-mined stope faces and along the lower base of access drifts, which intersect the quartz veins.
Sample |
Vein Thickness
metres |
IPL Au
g/tonne |
Assayers
Canada Au g/tonne |
IPL Ag
g/tonne |
Assayers
Canada Ag g/tonne |
IPL Cu
ppm |
Assayers
Canada
Cu
ppm |
567-1 |
0.08 |
15.83 |
14.73 |
17.60 |
21.3 |
939 |
956 |
730-A |
0.13 |
1.92 |
1.46 |
1.61 |
3.9 |
19 |
18 |
1139-A |
0.36 |
64.38 |
71.87 |
56.64 |
28.6 |
1590 |
1563 |
1140-1 |
0.41 |
9.03 |
4.73 |
8.48 |
16.5 |
4008 |
3516 |
1142-1 |
0.69 |
5.13 |
6.59 |
5.65 |
14.4 |
799 |
766 |
1157-1 |
0.61 |
0.02 |
0.03 |
<0.07 |
1.0 |
76 |
76 |
1242-A |
0.20 |
43.31 |
45.90 |
41.51 |
14.0 |
241 |
219 |
1242-B |
0.20 |
197.26 |
210.5 |
197.10 |
109.2 |
4147 |
3748 |
1245-B2 |
0.20 |
183.43 |
178.0 |
172.17 |
80.9 |
2563 |
2346 |
10354-A |
0.35 |
10.51 |
11.31 |
11.38 |
14.8 |
2972 |
2535 |
10358-A |
0.25 |
8.68 |
8.45 |
8.56 |
38.3 |
14900 |
>10000 |
10359-A |
0.31 |
73.80 |
52.18 |
67.26 |
45.8 |
9756 |
8235 |
10359-B |
0.36 |
12.07 |
10.88 |
12.95 |
16.9 |
2340 |
2232 |
10359-C |
0.36 |
11.23 |
10.31 |
14.46 |
7.2 |
1141 |
1027 |
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Because of the above encouraging results, an extensive chip sample program will commence in May 2009. Work is also continuing on the redesigned Mill which upon completion this summer will have a 200 tonne per day capacity.
To fully understand the structural geology, the vein geometry, and high grade gold locations; detailed geological mapping and evaluation on 257 level will commence during early May. Underground diamond drilling in excess of 12,000 metres is planned which should delineate a mineral resource for this lower area of the Kenville deposit. This drilling program, along with surface in-filled targeted diamond drill holes, will also identify the characteristics of the potential un-mined resource below the 257 level. Also planned is the extension of the 257 drifts to allow for further drilling and to access newly discovered gold bearing quartz veins.
Edward J. Nunn, P.Eng., of Anglo Swiss Resources Inc. and Richard Munroe, FGAC, P.Geo. of Munroe Geological Services Ltd. are the Qualified Persons who have reviewed and acknowledge this press release.
About Anglo Swiss
Anglo Swiss is actively exploring and drilling its 100% owned, advanced staged Kenville Gold Property located in southeastern British Columbia with the goal of developing a world-class porphyry copper and gold deposit. The Company is also in the process of exploring a diamondiferous bearing kimberlite property, known as the Fry Inlet Diamond Property, located in the Lac de Gras region of Canada's Northwest Territories in which it has the right to earn up to a 60% interest pursuant to an option and joint venture agreement with New Shoshoni Ventures Ltd.
For further information, investors are asked to visit the Anglo Swiss Resources Investor Relations Hub at www.agoracom.com/IR/AngloSwiss or email to ASW@agoracom.com.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release.
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The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release. |