News Release ASW: TSX.V
VANCOUVER, Jan. 10, 2013 /CNW/ - Anglo Swiss Resources Inc. (ASW: TSX-V,
ASWRF: PK) ("Anglo Swiss" or the "Company") is pleased to report several large electromagnetic (EM) conductors
have been identified on its Blu Starr Flake Graphite property in
southeast BC. Results are newly received from an airborne EM survey
completed in late 2012. The Blu Starr 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 approximately 65 sq. km
in the southern part of the favourable Valhalla Metamorphic Complex. See attached maps.
Four large EM conductors are identified in the 2012 survey adding to the
list of exploration targets including a previously outlined 3 km long
conductor associated with the Tedesco flake graphite showings. The new
targets include a 1.5 km long conductor in the southwest and three
conductors, measuring up to 2.4 km, in the central portion of the
property along the south side of Perry Peak. The three conductors on
the south side of Perry Peak occur within similar elevations as
Tedesco, located 3 km away on the north side of Perry Peak, suggesting
a possible connection as host rocks at Tedesco are relatively flat
lying to very shallow southward dipping. Geophysical modelling of two
of the central conductors suggests thick, relatively flat lying
anomalies as well.
"With an already attractive location next door to a flake graphite
operation, results of the EM survey further highlight the potential at
Blu Starr. Several promising exploration targets are now outlined, none
of which have been drill tested and most have not even been prospected
with the exception of surface grab sampling at Tedesco. We are planning
an extensive prospecting and mapping program, and a first phase drill
program for 2013," commented Jari Paakki, Chief Executive Officer.
A National Instrument (NI) 43-101 compliant report on the Blu Starr
property is posted on SEDAR at http://www.sedar.com and on the Company`s website at http://www.anglo-swiss.com.
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
current assets including its Kenville Gold Mine and Blu Starr Flake
Graphite properties in southeastern BC, and its Lansdowne House, Ring
of Fire Nickel-Copper-PGE property 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.
PDF available at: http://stream1.newswire.ca/media/2013/01/10/20130110_C5022_DOC_EN_22397.pdf
SOURCE: Anglo Swiss Resources Inc.
For further information:
Jari Paakki, CEO
Chris Robbins, Vice President