Anglo Swiss Resources Initiates Major Exploration Program on the Nelson Mining Camp
VANCOUVER, Nov 24, 2009 -- Anglo Swiss Resources Inc is pleased to announce it has initiated the 2009/2010/2011 exploration programs on the Nelson Mining Camp located just southwest of Nelson, British Columbia.
The Nelson Mining Camp is host to the Company's 100% owned Kenville Gold Mine plus an additional four historic producing underground mines, numerous surface adits and old workings. The hypothesis is that the possible conduits or source(s) for precious and base metals at depth has never been tested by modern geophysics or drilling.
The Company has initiated the most aggressive exploration program on the largest contiguous property group in the history of the Nelson Mining Camp. The Kenville Gold Mine is the flagship of this property group. A recent NI 43-101 compliant report is available on SEDAR with the Company's first gold resource on the 257 Level of this seven level high-grade gold mine. All known veins are open to surface and more importantly, open to depth.
The exploration programs over the 18 square kilometres are designed to locate any source(s) of the known gold, silver and poly-metallic minerals at depth and to expand upon the current gold resources. An airborne VTEM geophysical survey is underway which will cover the entire property and assist in the targeting of deeper potential mineralized bodies and assist in delineating the extent of the known mineralized systems.
Extensive exploration work will be soon underway on a 12,400 metre underground drill program with the recent issuance of an Underground Drilling Permit by the British Columbia Ministry of Energy Mines and Petroleum Resources.
A surface diamond-drilling program has been designed to explore the potential of the proposed Deeps. Drilling is expected to commence in December 2009. The Deeps are believed to be the possible conduits or sources for the auriferous mineralization found in the Nelson Mining Camp. Numerous higher-grade gold veins are believed to plunge to the south; parallel to the underlying strike of the regional, Silver King Shear zone.
Edward Nunn, P.Eng., a Qualified Person under National Instrument 43-101, has approved the technical content of this News Release.
About Anglo Swiss
Anglo Swiss Resources Inc. is a mineral exploration company with its current focus on gold, silver and base metals at its Nelson Mining Camp located to the southwest of Nelson, British Columbia. The Nelson Mining Camp consists of 3,411 hectares of contiguous claims striking over 8 kilometres situated along the Silver King Regional Shear Zone. The Silver King Shear is the host to numerous, historical gold, copper and silver mines in southeastern British Columbia including Anglo Swiss' 100% owned Kenville Gold Mine.
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. Sign up for free SMS News Release service, simply text ASW2 in the body of the text message to 32075 or visit the Mobile FRC link at the Company's website. Please visit the Company's website at www.anglo-swiss.com.
Reader Advisory
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement on Forward-Looking Information:
This release contains certain "forward-looking statements" including, without limitation, expectations, beliefs, plans and objectives regarding the potential transactions and ventures discussed in this release. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.
Anglo Swiss Resources Inc.
President and Chief Executive Officer
Len Danard, 604-683-0484
Fax: 604-683-7497
info1@anglo-swiss.com
or
Investor Relations:
The Howard Group Inc.
Jeff Walker or Grant Howard
Toll Free: 1-888-221-0915
www.howardgroupinc.com
