VANCOUVER, Nov. 19, 2012 /CNW/ - Anglo Swiss Resources Inc. (ASW: TSX-V, ASWRF: PK) ("Anglo Swiss" or the "Company") is pleased to announce the completion of an airborne electromagnetic (EM) survey on its Blu Starr Flake Graphite property in southeast BC. Exploration is being conducted in search of high-quality flake graphite. A total of 452 line-kilometres were flown by Aeroquest Airborne Limited utilizing its AeroTEM IV system.
Data is currently being processed and merged with an earlier survey completed in 2010. The total EM coverage on the Blu Starr property is now 978 line-kilometres. Final interpretation of the geophysical data will be received prior to year end.
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 6,473 hectare (~65 sq. km) in the southern part of the favourable Valhalla Metamorphic Complex. Numerous outcrops of large flake graphite occurrences are known on the property associated with EM conductors.
Prospecting and mapping will continue on the property until snow cover. A NI43-101 compliant report on the Blu Starr property will be posted in early 2013.
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.
SOURCE: Anglo Swiss Resources Inc.
For further information:
Jari Paakki, CEO
Tel: 705-673-5462 ext. 227
Chris Robbins, Vice President