Anglo Swiss Resources Encounters Significant Sulphide Mineralization During Drilling at Its Kenville Mine Property, Nelson, BC
November 06 2007 - 8:00AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (OTCBB: ASWRF)(BERLIN: AMO) is
providing an initial progress report at the outset of its Phase 1
Diamond Drill Program at the Kenville Mine project. The current
Phase 1 drill program, entailing approximately 1500 meters (4900
feet), is in its early stages with the first two drill holes
(AK07-01 & AK07-02) completed on Line 2500 N.
Highlights of DDH AK07-01:
- Hole AK07-01 (azimuth east, dip -45 degrees) contained
significant sulphide mineralization throughout the upper portions
of the drill hole, to approximately 215 meters (705 feet), with the
drill hole terminating at 369.4 meters (1212 feet).
- Porphyry style disseminated copper (mainly chalcopyrite) was
encountered at the top of drill hole AK07-01 to approximately 25
meters (82 feet) depth in the hole.
- A second larger zone of consistent disseminated chalcopyrite
mineralization was encountered from 145 meters to 215 meters (70
meters) or from 476 feet to 689 feet (229 feet).
- Mineralization in drill hole AK07-01 is generally hosted
within siliceous dark foliated, magnetite enriched diorites,
containing variable disseminated concentrations of pyrite,
chalcopyrite with traces of bornite.
- Mineralization encountered in drill hole AK07-01 occurs within
a well-defined IP chargeability high as delineated by the 2007
summer geophysical surveys carried out over the western portion of
the Kenville property.
Highlights of DDH AK07-02:
- Hole AK07-02 was positioned at the same collar location as
drill hole AK07-01. The initial dip of this hole was set at minus
70 degrees, drilled towards the west.
- This drill hole was drilled to a final depth of 195.1 meters
(640 feet), with the hole designed to test a zone of low
chargeability and low resistivity, which was postulated as a
possible mineralized alteration zone.
- Sporadic zones of copper mineralization were encountered
within foliated diorites from surface to 58.6 meters (192.25 feet)
depth.
- A separate zone of disseminated chalcopyrite occurred within
silicified diorite over the interval 157.3 to 168.3 meters (36
feet).
This Phase 1 drill program is designed to test areas of variable
IP chargeability, resistivity and geochemical anomalies throughout
the surveyed grid area measuring 1100 meters (3608 feet)
north/south and 700 meters (2926 feet) east/west, with depth
measured to 400 meters (1312 feet).
Drill hole core samples have been sent to an accredited assay
lab for both gold assay and multi-element ICP analysis. Results
will be reported promptly upon receipt by Anglo Swiss Resources.
The 2007 drill results will be combined with the existing
geochemical data and previous drill results to assist the technical
staff in selecting further drill locations for the Phase 2 drill
program.
The Kenville site is 10 kilometers (6.2 miles) west of Nelson,
British Columbia, which is located in the West Kootenay region of
southern British Columbia. This is a prolific area of numerous
mineral showings and past producing mines, including the Kenville
Gold Mine, explored since the late 1800's.
About Anglo Swiss Resources: www.anglo-swiss.com
Anglo Swiss Resources holds key gold (British Columbia) and
diamond (North West Territories) properties in close proximity to
successful mining operations. The Company has completed its 2007
drilling on the Fry Inlet diamond project. All kimberlite-bearing
drill core has been logged, split and forwarded for laboratory
diamond analysis. Diamond count will be released when received.
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. To
find out more about Anglo Swiss Resources, visit our website at
www.anglo-swiss.com.
The Contents of this release have been approved by Greg Thomson,
P. Geo., a Qualified Person as defined in NI 43-101.
The statements made in this Press Release may contain
forward-looking statements that may involve a number of risks and
uncertainties. Actual events or results could differ materially
from the Company's expectations and projections.
The TSX Venture Exchange has not reviewed this press release and
neither approved nor disapproved the information contained in this
press release.
Contacts: Anglo Swiss Resources Inc. Len Danard President &
CEO (604) 683-0484 (604) 683-7497 (FAX) Email: info@anglo-swiss.com
Website: www.anglo-swiss.com The Howard Group Inc. Jeff Walker
Investor Relations - Canada Toll Free: 1-888-221-0915 The Howard
Group Inc. Grant Howard Investor Relations - Canada Toll Free:
1-888-221-0915 Website: www.howardgroupinc.com Investor Awareness
Inc. Tony Schor Investor Relations - United States (847) 945-2222
Investor Awareness Inc. Jim Foy Investor Relations - United States
(847) 945-2222 Website: www.investorawareness.com