VANCOUVER, July 10 /CNW/ - Anglo Swiss Resources Inc. (TSX Venture: ASW)
(OTCBB: ASWRF) (Frankfurt: AMO.F), July 10, 2009, 8:00 am EST announces
further assay results from its continuing NI 43-101 compliant underground vein
sample program. This news release presents the results of the program for the
drift known as the South Yule.
This portion of the program included 56 vein samples and two grab samples
from the upper and lower walls of the South Yule vein, with the highest gold
value reported by Assayers Canada at 2,696 gm/tonne (78.63 oz/ton). The
results given below complete the assay program along the 32-lineal metre South
Yule Vein drift, which included small stopes and a crosscut, totaling 95
metres of sampled exposed quartz vein face.
"This assay along with the other numerous multi-ounce gold assays
reconfirms the great history and potential of the Kenville Gold Mine property"
stated Len Danard, President & CEO. "It is the extremely high grade pockets
that Anglo Swiss has discovered within this mine that reconfirm why it was one
of British Columbia's top producing gold mines in the era of $20 to $35 per
ounce gold."
The outstanding fire assay gold result by Assayers Canada of 2696.00
grams per tonne was obtained from a sample weighing 3405 grams. The follow-up
assay by IPL confirmed a high value of 2283.27 grams per tonne gold. A
confirmation sample by IPL using the gravimetric technique resulted in a gold
assay value of 2328.17 grams per tonne.
Two independent companies performed the fire assays: 1) Assayers Canada,
and 2) International Plasma Labs Ltd. Some gravimetric assaying was also
performed for confirmation purposes.Assayers Assayers Assayers
Vein IPL Canada IPL Canada IPL Canada
Sample Thickness Au Au Ag Ag Cu Cu
cm g/tonne g/tonne g/tonne g/tonne % %
SY-L15-09 60 9.89 10.20 19.7 22.8 0.27 0.274
SY-L25-09 45 2283.27 2696.00 203.2 534.8 0.025 0.027
SY-L26-09 22 6.78 7.57 4.9 6.2 0.094 0.096
SY-L30-09 90 3.92 4.58 11.0 8.4 0.169 0.176
SY-L32-09 45 43.43 43.55 15.8 16.7 0.006 0.008
SY-U03-09 45 8.40 6.62 7.2 8.9 0.115 0.129
SY-U04-09 70 20.84 30.57 32.6 29.8 0.161 0.170
SY-U05-09 50 22.30 33.08 44.1 43.08 1.543 1.330
SY-U06-09 50 7.13 8.83 10.4 9.8 0.228 0.258
SY-U10-09 30 3.69 4.53 5.8 6.8 0.048 0.049
SY-U11-09 15 2.67 8.47 2.2 2.5 0.023 0.025
SY-U13-09 21 4.93 9.11 8.3 10.4 0.085 0.090
SY-L32-09 45 43.08 48.70 15.8 16.7 0.006 0.008
SY-U10-09 30 3.69 4.49 5.8 6.8 0.048 0.049
SY-U14-09 23 3.70 6.76 36.6 35.7 0.894 0.730
SY-1292A grab - 176.80 - 61.5 - 1.770
The remaining 41 samples averaged 0.9 grams per tonne of gold.The historical production grade of the Kenville Gold Mine is 10.9 g/tonne
gold per tonne or 0.327 ounces. The metallurgy for the plant flow sheet design
to-date has only considered the gold production values and has not taken into
consideration any of the other known metals present such as silver, copper,
lead or zinc.
Except for the occasional grab sample, the samples are chipped from the
vein at an average of 1.5 metre intervals and for the full effective thickness
of the vein resulting in samples weighting approximately 2.8 kilograms (6.2
Pounds). This sampling protocol along the strike of the vein provides a vastly
superior representation of the vein potential compared to the typical surface
diamond drill cores.
The Company has now completed its initial program of obtaining samples on
the upper and lower portion of quartz vein exposure along the Main Haulage 257
level at the Kenville Gold Mine Property. A geological model is presently
being developed which will determine a Mineral Resource initially calculated
within the 257 level of the Kenville Gold Mine footprint. There are five
higher levels within the Mine with the 257 level open to depth.
There are also two new exciting discoveries to the south and west of the
Kenville Gold Mine footprint known as the Eagle Vein Structure and the Jackpot
Mine. Exploration in 2009 will further explore these significant discoveries;
which each could in management's opinion replicate the size and richness of
the existing Kenville Gold Mine footprint. A NI43-101 compliant Geological
Report is expected from the Company's consultant, Munroe Geological Services,
in July 2009.
This program is the first phase of resource determination, which will
later include a major underground and surface-drilling program. The
applications for these drill programs have been submitted to the British
Columbian Ministry of Energy, Mines & Petroleum Resources with approval
expected in July.
Edward J. Nunn, P.Eng., of Anglo Swiss Resources Inc. and Richard Munroe,
FGAC, PGeo., of Munroe Geological Services Ltd. are the Qualified Persons who
have reviewed and acknowledged this press release.
About Anglo Swiss Resources Inc.
Anglo Swiss is a mineral exploration company focused on creating
shareholder value through the development of its advanced staged Kenville Gold
Mine 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. Exploration and
development is currently underway to re-establish a NI 43-101 compliant gold
resource while the existing mill facility is expanded to allow initial
production in 2009.
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.
Sign up for free SMS News Release service, simply text ASW2 in the body
of the text message to 32075 or visit the Mobile FRC link at the Company's
website. 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.%SEDAR: 00009710E
For further information: Company contacts: Len Danard, President and
Chief Executive Officer, Tel: (604) 683-0484, Fax: (604) 683-7497, Email:
info@anglo-swiss.com; Investor Relations Contacts: Canada, Jeff Walker or
Grant Howard, The Howard Group Inc., Toll Free: 1-888-221-0915,
www.howardgroupinc.com
