AndhraNews.net
Home » Business News » 2011 » February » February 22, 2011

Anglo-Swiss (TSX.V - ASW) Intercepts Multiple High Grade Gold Veins - Video Posted on InvestmentPitch.com


February 22, 2011 - London

Vancouver, British Columbia, February 22, 2011 - Anglo-Swiss Resources Inc (TSX.V - ASW)(OTCBB - ASWRF) reported further results from the ongoing diamond drill program at the Kenville Gold Mine property located in south-eastern British Columbia.

 

InvestmentPitch.com, a multimedia company providing a combined solution for creating, hosting and distributing financial video content for public companies, has posted the latest "video news alert", highlighting the Anglo-Swiss current news release. In this link is not enabled, please visit www.InvestmentPitch.com and enter "Anglo Swiss" in the search box.

 

Highlights from the News Release

 

Of the fourteen holes drilled to date in this area, KE10-19 and KE10-20 are the furthest south.Both holes intersected multiple veins, many with high gold and silver values, the last one being over 500 meters south of and 200 meters below themine's production levels. There were twenty-six gold assays received from these five holes that graded at least 8 grams per tonne to a high of 142.0 grams per tonne gold, and thirteen silver assays from 27.9 grams per tonne to 56.2 grams per tonne silver.

 

The area delineated by this recent drilling on the East side of Eagle Creek and extending to the southwest of the Kenville Gold mine is now considerably larger than the total production area of the original mine.The regular occurrence of multiple mineralized veins and the generally untapped potential to depth and to the south suggest that the veins are part of a large scale mineralized system that Anglo Swiss will continue to systematically explore.

 

Please visit www.anglo-swiss.com to view a map of the recent drill holes intercepts.Some of the highest weighted highlights from the assay sheets are as follows:

 

Hole ID From To Interval
(Metres)
Grade
Gold (Au)
g/p/t
Grade
Silver (Ag)
g/p/t
KE10-17 371.8 373.05 1.25 22.33 12.22
Including 372.16 372.60 0.46 59.80 31.80
KE10-19 426.05 427.33 1.28 30.12 9.27
Including 426.05 426.50 0.45 84.50 22.30
KE11-22 362.71 364.18 1.47 22.82 18.29
Including 363.21 363.68 0.47 70.80 55.50
KE11-22 430.12 431.58 1.46 49.91 20.77
Including 430.62 431.13 0.51 142.0 56.20

 

Len Danard, President and CEO stated "The significance of drilling and proving the existence of continued high grade gold vein structure over 500 meters from the mine's historic working levels is very positive. The fact that we are also able to intersect similar high grade gold systems 200 meters below the surface levels of this past producer is also extremely encouraging."

 

Since recommencing drilling in November 2010, eight more holes have been drilled directly to the south of the Kenville mine, on the East side of Eagle Creek, adding to the six holes previously drilled in this area in 2009 - 2010. Assays from the first hole, KE10-16 were released Dec 14, 2010.Assay results for holes KE10-17, 19, 20 (KE-18 abandoned in overburden) and holes KE11- 21, 22 have been received back from ALS Canada and a Quality Control survey of all the data has been successfully completed by the Company's Qualified Person.

 

The following are the more noteworthy drill intersections:

 

Hole ID From To Interval
(Metres)
Grade
Gold (Au)
g/p/t
Grade
Silver (Ag)
g/p/t
KE10-17 371.8 373.05 1.25 22.33 12.22
Including 372.16 372.60 0.46 59.80 31.80
KE10-19 426.05 427.33 1.28 30.12 9.27
Including 426.05 426.50 0.45 84.50 22.30
KE10-19 569.47 569.85 0.38 13.63 12.53
Including 569.70 569.85 0.15 31.70 24.70
KE10-20 407.02 409.23 2.21 6.38 7.33
Including 407.63 409.00 1.37 9.90 10.53
KE10-20 499.20 501.08 1.88 13.57 13.60
Including 499.20 99.89 0.69 34.80 34.50
KE11-21 614.85 617.30 2.45 4.64 9.87
Including 616.05 616.36 0.31 30.50 27.90
KE11-22 263.21 265.18 1.97 6.07 5.73
Including 263.86 264.65 0.79 14.20 9.20
KE11-22 362.71 364.18 1.47 22.82 18.29
Including 363.21 363.68 0.47 70.80 55.50
KE11-22 430.12 431.58 1.46 49.91 20.77
Including 430.62 431.13 0.51 142.00 56.20
KE11-22 570.23 571.86 1.63 7.21 5.22
Including 570.23 570.43 0.20 51.60 36.60

 

The sampled NQ2 drill core was submitted for assay with proper reference certified material, blanks, samples duplicates for quality control and scrutiny for NI 43-101 purposes. Gold values were analyzed by fire assay; the analytical laboratory retained was ALS Canada of North Vancouver. The intervals are an apparent thickness of the reported intersects, which may represent 80-100% of the intervals' true thickness.  Only intersections that are truly perpendicular to core axis will be 100% true width. Most vein intersects are 70-80deg TCA.

 

All recent technical work has been supervised by, and the contents of the original news release was verified by, Ginette Carter, P.Geo, who is a qualified person as defined in National Instrument 43-101, standards of disclosure for mineral projects.

 

For more information please contact Len Danard, President and CEO at 604-683-0484, or info@anglo-swiss.com.

 

CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan@investmentpitch.com

 

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: InvestmentPitch via Thomson Reuters ONE

GlobeNewswire

Comment on this story

Share