Anglo Swiss Identifies Large Geophysical Conductors on its Blu Starr Flake Graphite Property, BC
News Release ASW: TSX.V
VANCOUVER, Jan. 10, 2013 /PRNewswire/ - Anglo Swiss Resources Inc. (ASW: TSX-V, ASWRF: PK) ("Anglo Swiss" or the "Company") is pleased to report several large electromagnetic (EM) conductors have been identified on its Blu Starr Flake Graphite property in southeast BC. Results are newly received from an airborne EM survey completed in late 2012. The Blu Starr property adjoins Eagle Graphite Corporation's flake graphite operation which is one of only two natural flake graphite mines in North America. Next to Eagle Graphite, Anglo Swiss holds the largest land package covering approximately 65 sq. km in the southern part of the favourable Valhalla Metamorphic Complex. See attached maps.
Four large EM conductors are identified in the 2012 survey adding to the list of exploration targets including a previously outlined 3 km long conductor associated with the Tedesco flake graphite showings. The new targets include a 1.5 km long conductor in the southwest and three conductors, measuring up to 2.4 km, in the central portion of the property along the south side of Perry Peak. The three conductors on the south side of Perry Peak occur within similar elevations as Tedesco, located 3 km away on the north side of Perry Peak, suggesting a possible connection as host rocks at Tedesco are relatively flat lying to very shallow southward dipping. Geophysical modelling of two of the central conductors suggests thick, relatively flat lying anomalies as well.
"With an already attractive location next door to a flake graphite operation, results of the EM survey further highlight the potential at Blu Starr. Several promising exploration targets are now outlined, none of which have been drill tested and most have not even been prospected with the exception of surface grab sampling at Tedesco. We are planning an extensive prospecting and mapping program, and a first phase drill program for 2013," commented Jari Paakki, Chief Executive Officer.
Jari Paakki, P. Geo., is the designated "qualified person" (within the meaning of National Instrument 43-101) responsible for the preparation of this news release.
About Anglo Swiss:
Anglo Swiss Resources Inc. is a Canadian based exploration company with current assets including its Kenville Gold Mine and Blu Starr Flake Graphite properties in southeastern BC, and its Lansdowne House, Ring of Fire Nickel-Copper-PGE property in northwestern Ontario. Further information about the Company may be found in the Company presentation at http://www.anglo-swiss.com or at http://www.sedar.com.
Cautionary Note Regarding Forward-Looking Statements: Certain statements made herein may contain forward-looking statements or information within the meaning of Canadian securities laws. Such forward-looking statements or information include, but are not limited to, statements or information with respect to Anglo Swiss Resources' plan for future exploration and development of its properties. Forward-looking statements or information are based on a number of estimates and assumptions and are subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking statements or information. Should one or more of these risks and uncertainties materialize, or should underlying estimates and assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. For example, there is no certainty, that any economically viable mineral deposit will be located on the Property, or that the Company will be able to raise sufficient capital to complete all of its exploration and drill programs. Accordingly, undue reliance should not be placed on forward-looking statements or information. Anglo Swiss does not expect to update forward-looking statements or information continually as conditions change, except as may be required by securities law.
SOURCE Anglo Swiss Resources Inc.