Jun. 25, 2010 (Filing Services Canada) -- Anglo Swiss Resources Inc. (ASW - TSX Venture, ASWRF - OTCBB)
Anglo Swiss Resources Inc. reports that it has received the first of five drill permits and commenced its Phase 1 drilling on its 160 square kilometer Nelson Mining Camp located in south-eastern British Columbia. This first permit consists of 1,050 metres of diamond drilling and down-hole pulse EM on the Gold Hill and Silver Lynx areas. In total approximately 5,000 metres of diamond drilling and 24 line kilometers of IP surveys on the Nelson Camp have been submitted amongst the five mineral exploration permit applications.
The first Phase 1 drill holes will be located to intersect the Gold Hill airborne EM anomaly, which consists of a northwest trending conductor with a strike length of approximately 4.2 km. This conductor is in close proximity with several gold-silver prospects occurring along its strike length, including the past producing Gold Hill mine near the center and the May & Jennie prospect at the north end.
The remaining Phase 1 drill holes will be targeted within the southern portion of the Silver Lynx conductive area, which consists of a 6 kms NNW trending zone comprised of up to 13 conductive bodies inferred from the results of Anglo's Aerotem III and VTEM airborne surveys completed earlier this year. The conductive bodies are broadly coincident with three massive to semi-massive sulfide showings that have returned significant values in zinc, lead, copper and silver. The three showings are located on the south side of Rover Creek, adjacent to the southern end of the Silver Lynx conductive area. The best result is a grab sample from a waste dump below the main showing that returned 24.59% Zn, 22.35% Pb, 0.21% Cu and 556.4 g/t Ag. All previous drilling has been focused on the south side of Rover Creek in the immediate area of the showings but away from the recently delineated conductive bodies.
Presently, and concurrent with the initial diamond drilling program a comprehensive program of prospecting, surface geochemistry and geological mapping is on-going to further refine drill targets in this prospective district.
About Anglo Swiss
Anglo Swiss Resources Inc. is a mineral exploration company with its current focus on gold, silver and base metals at its 160 square kilometer Nelson Mining Camp located to the south west of Nelson, British Columbia. The Nelson Mining Camp is situated along the Silver King Regional Shear Zone striking for over 10 kilometers. The Silver King Shear is the host to numerous, historical gold, silver and poly-metallic mines in southeastern British Columbia including Anglo Swiss' 100% owned Kenville Gold Mine. Please visit the Company's website at www.anglo-swiss.com for more information on the Company and its projects.
Company contacts:
Len Danard
President and Chief Executive Officer
Tel: (604) 683-0484
Fax: (604) 683-7497
Email: info@anglo-swiss.com
Investor Relations Contacts:
Jeff Walker or Grant Howard
The Howard Group Inc.
Toll Free: 1-888-221-0915
www.howardgroupinc.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.
Source: Anglo Swiss Resources Inc.(ASW - TSX-V) (ASWRF - OTCBB)
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