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Anglo Swiss to Start Drilling South Extension of High-Grade Gold Vein System at Kenville, Southeast BC
VANCOUVER, Feb. 1, 2012 /CNW/ - Anglo Swiss Resources Inc. (ASW:TSX-V, ASWRF:PK) (" Anglo S...
About this update from Gungnir Resources Inc
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Feb. 1, 2012 /CNW/ - Anglo Swiss Resources Inc. (ASW:TSX-V,\n ASWRF:PK) (\"Anglo Swiss\" or the \"Company\") announces plans to commence a 4,000-metre diamond drilling program at\n the Kenville Gold Mine project near Nelson in southeastern British\n Columbia. Drilling will focus on both infill and expansion of the\n recently discovered 500-metre strike extension of high-grade gold veins\n south of the Kenville Mine. The drill program is scheduled to begin\n during the second week of February, 2012 and will take approximately\n two months to complete. Initial results are expected in mid-March. (http://files.newswire.ca/933/KenvilleMaps.pdf).\n\n\nThe southern extension of the high-grade gold vein system was discovered\n by the Company in drill programs completed from 2009 to 2011. This\n drilling successfully extended the vein system 500 metres south of\n historic mine workings where it remains completely open for expansion\n southward and to depth. Gold mineralized quartz veins occur as multiple\n stacked, shallow to moderately-dipping sheets likely extending from\n near-surface to vertical depths of at least 500 metres. Previously\n released results from the south extension drilling include:\n\n\n26.8 g/t Au, 54.8 g/t Ag over 1.82m in hole KE09-10\n\n\n115.5 g/t Au, 58.1 g/t Ag over 0.50m in hole KE10-16\n\n\n88.1 g/t Au, 130.0 g/t Ag over 0.88m in hole KE10-16\n\n\n59.8 g/t Au, 31.8 g/t Ag over 0.46m in hole KE10-17\n\n\n84.5 g/t Au, 22.3 g/t Ag over 0.45m in hole KE10-19\n\n\n34.8 g/t Au, 34.5 g/t Ag over 0.69m in hole KE11-20\n\n\nThe current drill plan also includes testing extensions of the\n high-grade gold veins further south on the adjoining Ron Gold Property,\n which is under option from Klondike Gold Corp (see news release dated\n September 23, 2011). A newly interpreted regional structural splay\n located on the west half of the Kenville Gold Mine property has also\n been identified as a potential shear system capable of hosting gold\n veins and will be drill tested during the current program.\n\n\nAs of the close of business on February 1, 2012, the Company has\n requested the OTC Markets Group to withdraw its securities from the\n OTCQX listing in the United States. The Company's common shares will\n remain listed on the OTC Pink Sheets in the United States.\n\n\nJari Paakki, P. Geo., CEO of ...