Anglo Swiss Resources Assays With 10 of 32 Samples above 100 g/t Gold over 178 Meter Strike 08:00 EDT Tuesday, June 30, 2009 VANCOUVER, British Columbia (Business Wire) -- Anglo Swiss Resources Inc. (TSX Venture: ASW) (OTCBB:ASWRF) (FRANKFURT: AMO.F), June 30, 2009, 8:00 am EST announces assay results from its continuing NI 43-101 compliant underground sampling program on the lower Main Haulage 257 level at the Company's historic Kenville Gold Mine Property. The results of the program include 10 of the 32 gold assays above 100 gm per tonne (2.92 oz/ton) with the highest value at 319.3 gm/tonne (9.31 oz/ton). The results given below complete the assay program along the 178-metre North Yule Vein drift. The present exploration program is to complete an extensive underground sampling program for the 257 Level so that a geological model can be developed which will determine a Mineral Resource for the 257 level, one of seven known levels making up the Kenville Gold Mine footprint. A NI 43-101 compliant Geological Report is expected from the Company's consultant, Munroe Geological Services, in early July 2009. The underground samples (of an approximate weight of two kilograms) were primarily taken along the footwall portion of the vein since it was previously mined (stoped) above the drift. The North Yule Vein drift is open to depth. Two independent companies performed the assays: 1) Assayers Canada, and 2) International Plasma Labs Ltd.
The underground vein sample results given above are the third of four sets of samples taken for this exploration program. There are approximately 280 underground samples taken for the existing 257 level-exposed vein faces. This program is the first phase of resource determination, which will later include a major underground and surface drilling program. The applications for these drilling programs have been submitted to the British Columbian Ministry of Energy, Mines & Petroleum Resources for approval. Edward J. Nunn, P.Eng., of Anglo Swiss Resources Inc. is the Qualified Person who has reviewed and acknowledge this press release. About Anglo Swiss
Anglo Swiss is a mineral exploration company focused on creating shareholder value through the acquisition and development of quality precious/base metal and gemstone properties that have undiscovered resource potential. The company is actively exploring and developing its advanced staged Kenville Gold Property located in southeastern British Columbia. The Kenville gold mine is one of the oldest and most prolific producers in the district, producing intermittently from 1890 to 1954, with the bulk of production from 1899 to 1912. Government records indicate that past production from 181,295 tonnes mined totaled over 2.0 tonnes of gold. The Company is also in the process of exploring for diamonds and gemstones in Canada. 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. Please visit the company's website at www.anglo-swiss.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. For further information contact:
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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