VANCOUVER, June 20, 2013 /CNW/ - Anglo Swiss Resources Inc. (ASW: TSX-V,
ASWRF: PK) ("Anglo Swiss" or the "Company") is pleased to announce that on-going prospecting on its Blu Starr
Property in southeastern British Columbia has identified several flake
graphite occurrences within a 350 metre thick interval of relatively
flat lying rocks at the north end of the property. The occurrences
expand the limits of the Tedesco graphite showing with seventeen
surface grab samples from separate locales returning up to 4.43% C
(graphite). The Tedesco showing has a potential strike length of 3 km
as defined by a prominent electromagnetic (EM) conductor, and remains
untested by drilling. (http://files.newswire.ca/933/angloswiss0620.pdf). Additional assays are pending.
Recent prospecting has covered only a small portion of the 65 sq. km Blu
Starr property which adjoins Eagle Graphite Corporation's flake
graphite mine, one of only two operational natural flake graphite mines
in North America. Blu Starr covers the southern extension of favourable
host rocks to flake graphite. The Tedesco showing represents the
erosional edge of several graphitic units which extend into the
sub-surface. At Tedesco, graphite occurs as disseminated large flakes
hosted in interlayered gneisses, marbles and calc-silicates within
elevations of 1,029 m to 1,376 m. Exposed graphitic units range from
less than one metre to apparent thicknesses of several metres; however,
due to local lack of surface exposure, the total thickness and the
number of graphitic units are unknown. Estimates from previous regional
mapping indicate thickness of graphitic units may be 50 metres.
"The Tedesco showing is now drill-ready. The target is a thick flake
graphite unit(s) within the stratigraphic bounding limits of graphite
occurrences defined by our prospecting and along its 3 km strike
length. Exploration permits have been submitted and the Company is
considering its financing options to complete a first phase drill
program and to continue with prospecting to prioritize other targets on
the property. Four additional large EM conductors identified in a 2012
airborne survey completed by the Company have yet to be prospected,"
commented Jari Paakki, Chief Executive Officer.
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. Assaying was completed by ALS Labs in Vancouver
using method code C-IR06. Surface grab samples are selective by nature
and are unlikely to represent the average grade on the property;
however, higher grades could be expected as outcropping graphite
mineralization may not adequately explain the coherent EM conductor at
Tedesco. Prospecting was initiated in 2012. Assays for samples
collected in 2013 are pending.
Graphite is a naturally occurring form of carbon and is an excellent
conductor of both electricity and heat. It is a critical component in
the increasing demand in alternative energy solutions, including
portable electronics and hybrid and electric vehicles, solar and wind
power and fuel cells, on top of traditional uses such as steel
production, lubricants and brake linings. In pricing graphite, the
flake size and purity are key factors with large flake, ultra purity
graphite product commanding the highest prices in the markets.
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 both a short drive from the city
of Nelson, 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/2013/06/20/20130620_C9874_DOC_EN_28300.pdf
SOURCE: Anglo Swiss Resources Inc.
For further information:
Jari Paakki, CEO
Chris Robbins, Vice President