VANCOUVER, BRITISH COLUMBIA, Jun 11, 2007 -- Anglo Swiss Resources Inc. (TSX VENTURE: ASW)(OTCBB: ASWRF)(BERLIN: AMO)
will commence exploratio
n on a large anomalous zone measuring 1000 x 250 meters along a NW/SE trend, originally discovered by Teck Corp. ("Teck"). Teck was the operator during an option joint venture in 1995 and 1996 on the Company's historic Kenville Gold Mine property, located in the Nelson Mining Division, 10kms. west of the City of Nelson, in south-east
ern British Columbia.
Mr. Len Danard states, "We are very optimistic and excited to be able to re-test several zones of economic interest discovered in 1995 and 1996 by Teck as the results in 2007 will prove much more interestin
g; the spot price of all the precious and base metals encountere
d at the Kenville property have increased dramatical
ly over the last 10 years. The current gains in the world market price of copper, gold, silver and molybdenum will allow Anglo Swiss to explore the potential economics of this large anomaly through a ground geophysics program, a geophysica
l interpreta
tion of all the current and historical data, followed by a diamond drill program of the anomaly."
The Company's goal is to further define the anomalous zone as stated with interpreta
tion of the extensive historical data by MPH Consulting Ltd., followed with a diamond drill program in late summer. The 1995 Teck drill program was successful in locating several zones of copper, silver, gold and molybdenum mineraliza
tion and a significan
t new gold quartz vein.
The following excerpts from the 1995 and 1996 Teck Reports on the work programs on the Kenville property pre-date the NI 43-101 standards and are historical in nature. The Teck program consisted of 12 drill holes totalling 2,427 meters with a large percentage of the drill core assayed. The assays were numerous and ranged from no significan
t values up to what was considered even at that time to be of significan
t values.
"A significan
t zone of copper mineraliza
tion with accessory silver and molybdenum was encountere
d in drill hole TECK-95-03
, within carbonate-
potassic altered and foliated diorites. The most significan
t zone consisted of 1.03% copper from 248.9 - 257.6 metres (8.7 metres). A new west dipping quartz vein was intersecte
d in drill holes TECK-95-04 and TECK-95-05 with a high grade section in hole 95-05 assaying 82.15 g/t gold across 0.25 metres." (Teck Corp. report January 15, 1996)
Due to these successful results, Teck initiated a continued program consisting of approximat
ely 3.2 kilometres of surveyed grid, followed by an induced polarizati
on survey in the Spring of 1996 and a diamond drill program.
Teck conducted a magnetomet
er survey which again confirmed the anomalous zone identified by the previous season's exploratio
n. Teck discovered a new chalcopyri
te outcrop occurrence on the southern part of the Kenville Mine Property. This occurrence lies within the strong coincident
al induced polarizati
on chargeabil
ity and magnetic high zone.
"The 1996 diamond drill program was successful in locating numerous zones of copper, gold and molybdenum mineraliza
tion across a tested strike length of approximat
ely 700 metres. The Kenville property remains a viable target for porphyry style mineraliza
tion, containing favorable host rocks, alteration and mineralogy
." (Teck Corp. report January 23, 1997)
The major decline in the global metals and mining market spurred a decline in exploratio
n in Canada through 1997 to 2004. The Kenville Mine property has seen limited exploratio
n by the Company or through option joint venture groups over the last decade, but the Company is perfectly situated for a sustained exploratio
n program starting this year. The opportunit
y with the Kenville Mine property is unparallel
ed at this time.
Anglo Swiss Resources is a Canadian mining company engaged in the acquisitio
n and exploratio
n of mineral properties
. Its exploratio
n properties include: four distinct claim groups located in the Lac de Gras region of the NWT (diamonds)
, and in south-east
ern British Columbia the historic Kenville Gold Mine (copper, gold, silver and molybdenum
), the Blu Starr Gemstone Property (sapphire, iolite, garnet and graphite) and the McAllister Pipe Property (lamproiti
c diatreme - diamonds).
The contents of this release have been approved by Glen Macdonald, P. Geo., a Qualified Person as defined under NI 43-101.
On behalf of the Board,
Len Danard, President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Anglo Swiss Resources Inc.
Len Danard
President & CEO
(604) 683-0484
(604) 683-7497 (FAX)
Email: info@anglo
-swiss.com
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