Business & Finance
Business and Finance
Business and Finance
Thu, February 12, 2009 Anglo Swiss Resources Inc.: Anglo Swiss Resources Inc. Discovers 4 New Gold Veins Covering 700 Meters of Strike at Historic Ken
VANCOUVER, BC--(Marketwire - February 12, 2009) - Anglo Swiss Resources Inc. (TSX-V: [ ASW ]) ( A total of 5,528.15 meters of diamond drilling was carried out on the eastern flank and extensions of the underground Kenville Mine workings, with the drilling of 17 drill holes (AK08-29 to AK08-45). See table below. "The 2008 drill program was the largest drill program incurred on the Kenville Mine property for over half a century" said Len Danard, President and CEO. "One of the most exciting results of the program is the discovery of at least 4 new high-grade quartz gold veins lying on the west side of the property. This newly discovered high-grade gold vein system, which can be traced for at least 700 metres, represents a potential new gold + silver resource on the Kenville property." Of the 17 holes drilled from the eastern Kenville Mine side of the property, 12 holes had at least one significant gold (+/- silver) intercept ( > 3 g/t Au) and two of the holes (AK08-36, AK08-37) had up to 4 individual significant gold vein intercepts per hole. Please review the enclosed table for the complete list of the assays. There were 26 gold intercepts exceeding 3 grams per tonne, with 16 values of 3.14 to 7.37 g/t Au, and 9 values of 9.85 to 73.0 g/t. One intercept in drill hole AK08-37 contained a quartz vein stockwork/silicified zone, which assayed 4.07 g/t Au across 1.67 m (106.68-108.35m). One of the most significant results from the east side Kenville drill program included two high-grade gold intersects in drill hole AK08-41. This hole contained gold quartz vein intercepts grading 9.85 g/t Au, 23.0 g/t Ag and a wider quartz vein grading 26.6 g/t Au, 40.2 g/t Ag. These vein intercepts are significant in that they represent previously unknown southward extensions of the Kenville Mine veins beyond the known mine workings, towards the southernmost Jackpot claim of the Kenville property. The discovery of high-grade gold bearing quartz veins beyond the known Kenville Mine workings indicates a potential gold and silver resource, unrecognized by previous operators of the Kenville Mine (see drill hole AK08-41 below). The Company is highly encouraged by these new discoveries and will be initiating an underground drill program in 2009, and a surface drill program of at least 10 drill holes to establish the intervening continuity of vein structures from the southern extent of the Kenville Mine underground workings to the area of the Jackpot claim. The following table summarizes some of the significant gold assay values from the 2008 drill program carried out on the east side of the Kenville property: The Jackpot claim area located at the southern end of the Kenville property, contains extensive zones of light colored intrusive rock that occur as sill-like bodies of leuco-alkalisyenite. The leuco-alkalisyenite sills are locally anomalous in gold, molybdenum, lead and zinc and it is postulated that the sills have a strong genetic relationship for the production of metal-bearing hydrothermal solutions, resulting in the formation of gold-bearing quartz vein structures on the Kenville property. Concurrent with the quartz vein system are copper-bearing fracture or shear zones with variable associated silver, molybdenum and gold, generally paralleling and lying outbound of the gold veins system. Within this shear zone, drill hole AK08-05 contained a 5.8 m interval assaying 1.53% Cu, 30.9 g/t Ag, 0.6 g/t Au and 0.044% Mo. Teck drill hole (TK95-03), located approximately 200 m northwest of AK08-05, contained a similar fracture-related mineral zone, assaying 0.93% Cu, 9.37 g/t Ag and 0.046% Mo across 9.95 m. The technical contents of this release have been approved by Greg Thomson, PGeo, a qualified person as defined in National Instrument 43-101. The reader is advised that infill sampling is continuing and high gold values are currently being reanalyzed by metallic screening procedures to evaluate the free gold nature of the vein mineralization. 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 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 ]. Please visit the company's website at [ www.anglo-swiss.com ]. Reader Advisory The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Hole Number From To Interval Gold Silver Other (m) (m) (m) (g/t) (g/t) ----------------------------------------------------------- AK08-29 138.14 138.34 0.2 35.3 13.6 0.42% Zn ----------------------------------------------------------- AK08-33 254.82 255.4 0.58 6.63 ----------------------------------------------------------- AK08-36 109.19 109.37 0.18 7.37 0.475% Zn, 0.12% Pb ----------------------------------------------------------- 117.23 117.73 0.5 6.11 ----------------------------------------------------------- 128.6 128.85 0.25 5.81 ----------------------------------------------------------- 152.74 152.97 0.23 5.26 2.3 ----------------------------------------------------------- AK08-37 34.54 35.11 0.57 15.95 ----------------------------------------------------------- (includes) 34.54 34.73 0.19 41.7 78.9 0.71% Zn, 1.96% Cu ----------------------------------------------------------- AK08-37 66.85 67.47 0.62 11.6 23.5 ----------------------------------------------------------- " 106.68 108.35 1.67 4.07 Stockwork zone ----------------------------------------------------------- " 146.4 146.88 0.48 73.0 28.9 ----------------------------------------------------------- AK08-38 68.98 69.63 0.65 12.7 6.8 ----------------------------------------------------------- " 149.97 150.27 0.3 28.7 18.5 ----------------------------------------------------------- AK08-41 215.5 215.83 0.33 9.85 23.0 ----------------------------------------------------------- " 300.35 301.07 0.72 26.6 40.2 ----------------------------------------------------------- AK08-42 248.65 248.93 0.48 6.99 ----------------------------------------------------------- AK08-44 254.36 254.84 0.48 5.62
In addition to the above reported vein intercepts, numerous high-grade gold vein intercepts up to 205 g/t were obtained early in the summer (see News Release October 28, 2008) on the west side of the Kenville property.
