Business
Anglo Swiss Updates Kenville Gold Mine Property Status
ASW: TSX.V VANCOUVER , Dec. 31, 2013 /CNW/ - Anglo Swiss Resources Inc. (TSXV: ASW...
About this update from Gungnir Resources Inc
[{"type":"text","content":"\n\n\nASW: TSX.V\n\n\nVANCOUVER, Dec. 31, 2013 /CNW/ - Anglo Swiss Resources Inc. (TSXV: ASW)\n (PK: ASWRF) (\"AngloSwiss\" or the \"Company\") announces that Eagle Creek Gold Corp. (\"Eagle Creek\") has failed to raise necessary funds to complete the transaction to\n purchase the Kenville Gold Mine Property as at the Closing Date of\n December 30, 2013 and the Vending Agreement with Eagle Creek has been\n terminated. The Company retains 100% ownership in the property and will\n pursue a new buyer and also continue to assist Eagle Creek as they have\n expressed their continued interest in acquiring the property on terms\n to be negotiated.\n\n\nThe Kenville mine dates back to 1888 representing one of BC's oldest\n operational gold mines. It operated intermittently for 60 years, but\n has not been in production for more than six decades. Recent\n exploration work by Anglo Swiss has significantly expanded the extent\n of high-grade gold veins outlining the Eagle Veins, Flat Vein and South\n Zone which collectively have a footprint much larger than the historic\n workings (see Figure 1). Future work would focus on these newly identified gold veins as well\n as unmined veins near existing workings.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS, \n\n\nJari Paakki, P.Geo.\nCEO\n\n\nAbout Anglo Swiss:\nAnglo Swiss Resources Inc. is a Canadian based exploration company with\n current assets including its Kenville Gold Mine and Blu Starr Flake\n Graphite properties in southeastern BC, and its Lansdowne House, Ring\n of Fire Nickel-Copper-PGE property in northwestern Ontario. Further\n information about the Company may be found at http://www.anglo-swiss.com or at http://www.sedar.com.\n\n\nCautionary Note Regarding Forward-Looking Statements: Certain statements made herein may contain forward-looking statements\n or information within the meaning of Canadian securities laws. Such\n forward-looking statements or information include, but are not limited\n to, statements or information with respect to Anglo Swiss Resources'\n plan for future exploration and development of its properties.\n Forward-looking statements or information are based on a number of\n estimates and assumptions and are subject to a variety of risks and\n uncertainties, which could cause actual events or results to differ\n from those reflected in the forward-looking statemen...