Anglo Swiss Resources Inc. Reports on Drill Results for Drill Hole AK07-03 Testing a 300-Meter Wide by 400-Meter Deep IP Chargea
November 13 2007 - 8:00AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (OTCBB: ASWRF)(BERLIN: AMO) is
pleased to report on information received from Company geologist(s)
regarding initial observations of drill hole AK07-03 on its 100%
owned Kenville Mine property located in south-eastern British
Columbia.
Drill hole AK07-03, drilled 185 meters (607 feet) west of drill
holes AK07-01 and AK07-02, has tested a large discrete IP
chargeability anomalous zone, containing significant sulphide
concentrations. Visual examination of drill core to date indicates
mineralization and alteration styles that are consistent with an
alkalic porphyry copper-gold deposit-type.
The Phase 1 drill program is currently exceeding the Company's
expectations from the initial 3 holes, particularly with respect to
the positive results obtained from the testing of geophysical and
geochemical anomalies. Both Induced Polarization (IP) and
Geochemical anomalous zones are persistent along at least 1000
meters (3,288 feet) of north/south strike, 700 meters (2,926 feet)
east/west, with depth measured to 400 meters (1,312 feet),
providing numerous drill targets for the Phase 2 drill program.
Several points of interest regarding drill hole AK07-03 are as
follows:
- Drill hole AK07-03 was located on line 2500 North, station 325
West, which is located 185 meters (607 feet) west of the drill
collars of previously reported drill holes AK07-01 and AK07-02.
- Drill hole AK07-03 was drilled to the east at a dip of minus
45 degrees to a final hole depth of 150 meters (492 feet).
- The IP chargeability anomaly tested by drill hole AK07-03 lies
to the west of the IP chargeability anomaly tested by drill hole
AK07-01. The IP chargeability anomaly tested by drill hole AK07-03
comprises a very discrete zone measuring approximately 300 meters
(984 feet) wide with persistent depth indications to at least 400
meters (1,312 feet).
- Drill hole AK07-03 contained consistent moderate to intense
areas of silica-potassic flooding of the dioritic host rocks, with
intervening zones of variable silicification (quartz replacement),
from the top of the drill hole to 89.7 meters (294.3 feet)
depth.
- The silica-potassic flooded and silicified zones are generally
accompanied by variable concentrations of fine to coarse-grained
pyrite with fine-grained associated chalcopyrite.
- The mineralized silicified zone in drill hole AK07-03 shows
very good correspondence with the strongest portion of the targeted
IP chargeability anomaly.
- Mineralization and alteration styles observed to date are
consistent with a class of alkalic copper-gold porphyry deposits
referred to as quartz alkalic, with the majority of mineralization
associated with silicification occurring within magnetite-bearing
foliated to non-foliated porphyritic diorites.
All drill hole core samples are being 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.
Leonard Danard Goes "Beyond the Press Release"
Please join President and CEO, Leonard Danard as he goes "Beyond
the Press Release" to provide shareholders with an audio address
that further discusses the results described within this press
release. The address will be available on the Anglo Swiss Resources
Investor Relations Hub at www.agoracom.com/ir/angloswiss on or
before November 16, 2007.
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 technical 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. - Corporate Inquiries 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 1-847-945-2222 Investor Awareness Inc.
Jim Foy Investor Relations - United States 1-847-945-2222 Website:
www.investorawareness.com