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Anglo Swiss Receives Permits & Initiates Drill Program at Kenville Gold Project, Nelson Mining Camp Property, BC
VANCOUVER, Aug. 30, 2011 /CNW/ - Anglo Swiss Resources Inc. (TSXV:ASW, OTCQX:ASWRF) ("An...
About this update from Gungnir Resources Inc
[{"type":"text","content":"\n\n\n\n\n\n\n\n\nVANCOUVER, Aug. 30, 2011 /CNW/ - Anglo Swiss Resources Inc. (TSXV:ASW, OTCQX:ASWRF) (\"Anglo Swiss\" or \"the Company\") today announced that it has received a\n new multi-year exploration and drill permit which facilitates the\n commencement of an extensive exploration and drill program at its\n Nelson Mining Camp Property, which includes its 100%-owned Kenville\n Gold Mine. The initial phase 2,000-metre drill campaign began today\n testing areas south of the Venango veins located west of the Kenville\n Mine. The program will then follow-up on the recent drill programs, and\n continue to test the strike extent of the high-grade veins intercepted\n 500 metres to the south of the Kenville Mine. These vein systems remain\n open in all directions and appear to increase in density south of the\n mine. See Figure 1 below.\n\n\nOnce the initial drill program is complete, the Company intends to\n initiate NI 43-101 resource estimates south of the Kenville Mine.\n Additionally, permits are in place for underground exploration\n including drilling and rehabilitation of the 275-level (one of seven\n levels) of the Kenville Mine. The drill programs, and rehabilitation of\n the 275-level will occur concurrently. Once rehabilitation of the\n 275-level is complete NI 43-101 resource work will commence. Further,\n Anglo Swiss has initiated permitting plans for a bulk-sampling program\n to provide a more precise measure of gold grades and additional\n information for resource estimates. Currently there is a NI 43-101\n resource outlined on the 257-level of the Kenville Mine, which includes\n an inferred resource of 357,000 ounces of gold at a grade of 0.68 oz/t\n gold. (Source: Munroe, 2009)  Until an economic evaluation is completed, the\n economic cut off for this deposit is unknown. Mineral resources are not\n mineral reserves and do not have demonstrated economic viability. This\n resource is reported at a cut-off grade of 0.00 oz/t gold.\n\n\n\"These are all important steps required to build upon the existing gold\n resource.  As well as evaluating additional resources in the existing\n mine workings area, the positive drill results in 2010/2011 indicate\n that gold resources likely extend south of the Kenville Mine. In fact,\n the current footprint of the Kenville south extension is larger than\n that of the hi...