VANCOUVER, March 21, 2012 /CNW/ - Anglo Swiss Resources Inc. (ASW:TSX-V, ASWRF: PK) ("Anglo Swiss" or the "Company") is pleased to announce multiple high-grade gold intercepts in the first hole of the 2012 drill program at the Kenville gold project in south-eastern BC. Drill Hole KE12-01 intersected ten separate high-grade gold veins over a core length of 400 metres, including 14.14 g/t Au over 3.08 metres.
|Hole_ID||From (m)||To (m)||Core Length (m)||Au (g/t)||Ag (g/t)||Diluted Au Grade**|
|KE12-01||65.67||65.94||0.27||57.10||25.90||7.71 g/t / 2.0m|
|217.03||218.05||1.02||32.93||4.80||16.79 g/t / 2.0m|
|334.04||334.72||0.68||14.35||3.00||4.88 g/t / 2.0m|
|361.19||363.15||1.96||3.88||4.13||3.80 g/t / 2.0m|
|371.68||374.76||3.08||14.14||18.80||14.14 g/t / 3.08m|
|451.60||451.80||0.20||33.60||23.60||3.36 g/t / 2.0m|
| ** Grade diluted to 2 metre minimum width (0.0 g/t Au grade was added to complete the 2 metre width)
| See Appendix 1 for complete list of assays with additional high-grade intercepts
Drill Hole KE12-01 is part of the current drill program focused on both infill and expansion of the recently outlined 500-metre strike extension of high-grade gold veins south of the historic Kenville Gold Mine. KE12-01 was collared on an existing drill pad to test up-dip of drill holes KE10-16 (88.1 g/t Au over 0.88m, 111.5 g/t Au over 0.5m) and KE10-15 (113.1 g/t Au over 0.2m). The hole successfully extended the vein system and additionally cut several other high-grade gold veins. See drill hole cross section below (http://files.newswire.ca/951/DrillMap.pdf).
"We continue to be impressed with the number of high-grade gold veins we are intersecting south of historic Kenville mine workings. Although to date the majority of the veins are relatively narrow, the consistent high grade allows for dilution to potential mining widths while retaining excellent gold grades. Hole number five in our current drilling program tested a potential new structure, intersecting both wide disseminated sulphide sections and veins. We will evaluate the results of our first five drill holes and then resume drilling later in the second quarter", commented Jari Paakki, CEO of the Company.
Selected Previously Reported Intersections South of Kenville Mine:
|Hole_ ID||Au (g/t)||Ag (g/t)||Core Length (m)||Diluted Au Grade**|
|KE09-10||26.8||54.8||1.82||24.4 g/t / 2.0m|
|KE10-16||111.5||58.1||0.50||27.9 g/t / 2.0m|
|KE10-16||88.1||130.0||0.88||38.8 g/t / 2.0m|
|KE10-17||59.8||31.8||0.46||13.8 g/t / 2.0m|
|KE10-19||84.5||22.3||0.45||19.0 g/t / 2.0m|
|KE11-20||34.8||34.5||0.69||12.0 g/t / 2.0m|
|AK08-15||205.0||182.0||0.30||30.8 g/t / 2.0m|
|** Grade diluted to 2 metre minimum width (0.0 g/t Au grade was added to complete the 2 metre width)|
To date in 2012, the Company has completed five drill holes for 2,876 metres with all holes cutting quartz veins. Four drill holes were completed south of historic Kenville mine workings, and the fifth hole tested the newly interpreted structural trend west of Kenville. The Company has currently paused drilling to wait for assays. Results will be released in the coming weeks.
Anglo Swiss implements a quality control (QA/QC) program to ensure best practice in sampling and analysis. Samples of split NQ2-size core are transported by Company personnel in securely sealed bags for preparation and analysis at ALS Minerals facilities. The remaining half of the core is kept as a permanent record and stored at a secure facility at the Kenville Mine site in Nelson, BC. Core samples are analyzed for gold using a 30 gram fire assay and gravimetric finish.
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. controls a highly-prospective, Canadian precious and base metal exploration property portfolio which includes its flagship 100%-owned Kenville Gold Mine property in southeastern BC, as well as its 100%-owned Lansdowne House, Ring of Fire nickel-copper-PGE project in northwestern Ontario. Further information about the Company may be found 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 with caption: "DOCUMENT: Drill Map". PDF available at: http://stream1.newswire.ca/media/2012/03/21/20120321_C6523_DOC_EN_11387.pdf
PDF with caption: "DOCUMENT: Appendix". PDF available at: http://stream1.newswire.ca/media/2012/03/21/20120321_C6523_DOC_EN_11388.pdf
For further information:
Jari Paakki, CEO
Tel: 705-673-5462 ext. 227
Chris Robbins, Vice President