Anglo Swiss Resources Inc. Assays up to 180.5 Grams per Tonne Gold along a 85 Meter Strike at its Kenville Gold Mine Property
Tue May 26, 8:09 AMVANCOUVER, British Columbia--(BUSINESS WIRE)--Anglo Swiss Resources Inc. (TSX VENTURE: ASW.V) (OTCBB: ASWRF.OB) (BERLIN: AMO.BE) announces additional results of an extensive underground exploration program underway at its historic Kenville Gold Mine property located near Nelson BC. The purpose of this program is to re-establish a NI 43-101 compliant gold mineral resource on the main haulage level (the 257 level), the lowest adit level in the mine. The previous resource calculations on the Kenville Gold Mine pre-date the implementation of NI 43-101.
The first stage of the program is completed, which was to re-establish mine survey control through out the 257 level. To fully understand the structural geology, the vein geometry, and high grade gold locations; detailed geological mapping and evaluation on the 257 level commenced during April 2009. This stage also included review of the previous underground mapping, assay and drill-hole logs, old reports, and research into other historical data.
The initial underground chip sampling program consists of 100 chip-samples within the 257 level (See News Release April 30, 2009 for the first sample area).
Leonard Danard, President & CEO states “We are very excited and enthusiastic as we reconfirm existing data in the underground for the potential to host a gold resource. The 2009 exploration programs have been designed to verify and increase the historical resource of 320,000 tonnes that pre-date the NI 43-101 standards.”
The following table shows the results of the gold, silver and copper assays of the second phase of the chip-sampling program. The assay results, along with the initial results disclosed show that encouraging gold assays exist in the Kenville Mine’s Yule vein. The assays were taken along a 85 metre vein exposure along old stoped workings and the North Yule haulage drift.
| Vein | IPL | Assayers | IPL | Assayers | IPL | Assayers | ||||||||
| Sample | Thickness | Au | Canada | Ag | Canada | Cu | Canada | |||||||
| Metres | g/tonne | Au g/tonne | g/tonne | Ag g/tonne | ppm | Cu ppm | ||||||||
| 1261A |
0.34 |
125.0 | 130.0 | 40.5 | 42.7 | 1134 | 1080 | |||||||
| 1281A | unknown | 1.4 | 2.0 | 6.1 | 6.9 | 1101 | 1046 | |||||||
| 1292A | 0.20 | 180.5 | 176.8 | 56.1 | 61.5 | 16201 | >10000 | |||||||
| 1298A | 0.25 | 40.5 | 47.8 | 10.9 | 12.0 | 1992 | 2110 | |||||||
| 1298B | 0.20 | 55.6 | 64.6 | 57.1 | 48.0 | 6700 | 7254 | |||||||
| 1298C | 0.12 | 67.9 | 60.6 | 10.3 | 10.0 | 101 | 102 | |||||||
| 1298D | 0.08 | 1.8 | 2.1 | 18.9 | 18.1 | 19205 | >10000 | |||||||
The assay values from selected zones along the vein were taken to understand the metallurgical nature of the materials found within the Yule and Flat Stope. A similar program is under way for the South Yule Drift and the 217 Flat Stope. This initial program of chip sampling gold bearing quartz veins is presently 60 per cent complete with half of the 100 samples being analyzed by two separate laboratories. This is a complex system that appears to be structure hosted. The sample program was also used to set out the grid pattern for the 2009 bulk sample programs. This would allow the sample work to match the excavation zones accurately.
The current map work and chip-sampling programs are only on a small fraction of the horizontal extent of the underground workings and only the base level known as the 257 level of a 6 level mine. All veins are open to depth.
The current program is only examining 4 of the known historically auriferous veins crossing the full extent of the property. Underground diamond drilling in excess of 12,000 metres is planned this summer which should delineate a mineral resource for this lower area of the Kenville deposit. This drilling program, along with surface in-filled targeted diamond drill holes, will also identify the characteristics of the potential un-mined resource below the 257 level. Also planned is the extension of the 257 drifts to allow for further drilling and to access the newly discovered gold bearing quartz veins known as the Eagle Vein System.
The Company discovered the Eagle Vein System consisting of at least four new high-grade quartz gold veins lying on the west side of the property during the 2007/2008 surface drill programs totaling over 15,000 meters. This newly discovered high-grade multiple gold vein system can be traced for at least 700 metres along a south-western strike. The discovery of this high-grade gold-bearing quartz veins beyond the existing Kenville mine workings indicates a potential gold and silver resource, unrecognized by previous operators of the Kenville Mine.
Edward J. Nunn, P.Eng., of Anglo Swiss Resources Inc. and Richard Munroe, FGAC, P.Geo. of Munroe Geological Services Ltd. are the Qualified Persons who have reviewed and acknowledge this press release.
About Anglo Swiss Resources Inc.
Anglo Swiss is a mineral exploration company focused on creating shareholder value through the acquisition and development of quality precious/base metal and gemstone properties that have undiscovered resource potential. The company is actively exploring and developing its advanced staged Kenville Gold Property located in southeastern British Columbia.
The Kenville gold mine is one of the oldest and most prolific producers in the district, producing intermittently from 1890 to 1954, with the bulk of production from 1899 to 1912. Government records indicate that past production from 181,295 tonnes mined totaled over 2.0 tonnes of gold.
The Company is also in the process of exploring for diamonds and gemstones in Canada. For further information, investors are asked to visit the Anglo Swiss Resources Investor Relations Hub at www.agoracom.com/IR/AngloSwiss or email to ASW@agoracom.com. Please visit the company's website at www.anglo-swiss.com.
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Anglo Swiss Resources Inc.
Len Danard
President and Chief
Executive Officer
Tel: (604) 683-0484
Fax: (604) 683-7497
Email:
info@anglo-swiss.com
or
Investor
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Jeff Walker or Grant Howard
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Toll Free: 1-888-221-0915
www.howardgroupinc.com



