VANCOUVER, May 12 /CNW/ - Anglo Swiss Resources Inc. (TSXV: ASW) ("Anglo Swiss" or "the Company") announces that it has appointed Mr.
David Constable, BSc. (Hons.), MBA (Hons.), ICD.D to the position of
Chief Executive Officer, effective immediately. Mr. Constable replaces
Mr. Len Danard, who is stepping down to pursue other interests after
serving as President and CEO for the past 20 years. Mr. Danard will
continue to serve as a director of the Company.
Mr. Constable has more than 40 years experience in mineral exploration,
development and strategic investor relations throughout Canada and
internationally. From 2002-2010 he was Vice President Investor
Relations for FNX Mining Company Inc., retiring after the 2010 $3.5
billion merger with Quadra Mining Ltd. to create Quadra FNX Mining Ltd.
Previously, from 1996-2002, he listed Australia's Normandy Mining
Limited on the Toronto Stock Exchange and marketed Australia's largest
gold producer in North America until its $2.4 billion acquisition in
2002 by Newmont Mining Corporation.
David has a BSc. (Hons.) in geology from Mount Allison University in New
Brunswick and an MBA (Hons.) from Sudbury's Laurentian University. He
is an experienced geologist and director of public resource companies
and possesses an ICD.D designation from the Institute of Canadian
Directors. Previous board positions included eight years with Aquiline
Resources Inc. until its $660 million acquisition by Pan American
Silver Corp. late in 2009 and Moly Mines Limited until the completion
of a US$700 million financing for its Spinifex Ridge Project in Western
Australia in May 2010. He currently serves as a director of several
public resource companies.
Mr. Constable stated that, "On behalf of the board of directors, I'd
like to thank Len Danard for his contribution and commitment to the
Company over his long tenure and I am very pleased that Len will
continue to provide advice and share his extensive experience as a
member of the board. This is a time of transition for Anglo Swiss, both
at the project and management levels. We remain fully committed to
advancing exploration at the Company's Kenville Gold Mine Properties in
Nelson, BC, while also evaluating other advanced exploration
opportunities which will complement, broaden and diversify Anglo Swiss'
project portfolio. Equally important to the Company's future will be
the pending addition of new executive and technical management to
complete the Anglo Swiss team. I look forward to continued success at
our gold property and exposure to new asset opportunities."
"I am extremely proud and excited that the Kenville Gold Mine property
and the newly acquired Nelson Mining Camp have attracted David to the
Board of Directors and now to the position of CEO. I believe that
David's technical, managerial and investor relations' skills,
experience and relationships will bring opportunity and growth while
adding shareholder value in the process. I would like to thank the
Board of Directors and shareholders for their support during my tenure
and wish David and Anglo Swiss continued success in developing this
advanced gold property," said Mr. Danard.
About Anglo Swiss:
Anglo Swiss Resources Inc. is actively exploring its flagship 160 sq.
km, Nelson Mining Camp Project, which includes the 100%-owned Kenville
Gold Mine. The property hosts numerous historical producing gold,
silver and copper mines, surface adits, and old workings. This is the
first time the extensive land package has been held by one operator. An
extensive data compilation effort was undertaken and is now accessible
in a useful geological database. The Company is taking a systematic
exploration approach to the entire area with a two-pronged exploration
program which includes defining a larger gold resource around and to
the south of the high-grade Kenville Gold Mine, as well as exploring
the vast new land holdings for additional economic precious metal and
base metal deposits. Further information about the Company can be found
at www.anglo-swiss.com or at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Anglo Swiss Resources Inc.
For further information:
David Constable, Chief Executive Officer
Natasha Blackburn, Corporate Development
Chris Robbins, Vice President