VANCOUVER, Dec. 31, 2013 /CNW/ - Anglo Swiss Resources Inc. (TSXV: ASW)
(PK: ASWRF) ("AngloSwiss" or the "Company") announces that Eagle Creek Gold Corp. ("Eagle Creek") has failed to raise necessary funds to complete the transaction to
purchase the Kenville Gold Mine Property as at the Closing Date of
December 30, 2013 and the Vending Agreement with Eagle Creek has been
terminated. The Company retains 100% ownership in the property and will
pursue a new buyer and also continue to assist Eagle Creek as they have
expressed their continued interest in acquiring the property on terms
to be negotiated.
The Kenville mine dates back to 1888 representing one of BC's oldest
operational gold mines. It operated intermittently for 60 years, but
has not been in production for more than six decades. Recent
exploration work by Anglo Swiss has significantly expanded the extent
of high-grade gold veins outlining the Eagle Veins, Flat Vein and South
Zone which collectively have a footprint much larger than the historic
workings (see Figure 1). Future work would focus on these newly identified gold veins as well
as unmined veins near existing workings.
ON BEHALF OF THE BOARD OF DIRECTORS,
Jari Paakki, P.Geo.
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 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.
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
PDF available at: http://stream1.newswire.ca/media/2013/12/31/20131231_C6935_DOC_EN_35270.pdf
SOURCE: Anglo Swiss Resources Inc.
For further information:
Jari Paakki, CEO
Chris Robbins, Vice President