ASW: TSX.V
VANCOUVER,
June 20, 2013 /PRNewswire/ - Anglo
Swiss Resources Inc. (ASW: TSX-V, ASWRF: PK) ("Anglo Swiss" or the "Company") is
pleased to announce that on-going prospecting on its Blu Starr
Property in southeastern British
Columbia has identified several flake graphite occurrences
within a 350 metre thick interval of relatively flat lying rocks at
the north end of the property. The occurrences expand the limits of
the Tedesco graphite showing with seventeen surface grab samples
from separate locales returning up to 4.43% C (graphite). The
Tedesco showing has a potential strike length of 3 km as defined by
a prominent electromagnetic (EM) conductor, and remains untested by
drilling. (http://files.newswire.ca/933/angloswiss0620.pdf).
Additional assays are pending.
Recent prospecting has covered only a small
portion of the 65 sq. km Blu Starr property which adjoins Eagle
Graphite Corporation's flake graphite mine, one of only two
operational natural flake graphite mines in North America. Blu Starr covers the southern
extension of favourable host rocks to flake graphite. The Tedesco
showing represents the erosional edge of several graphitic units
which extend into the sub-surface. At Tedesco, graphite occurs as
disseminated large flakes hosted in interlayered gneisses, marbles
and calc-silicates within elevations of 1,029 m to 1,376 m. Exposed
graphitic units range from less than one metre to apparent
thicknesses of several metres; however, due to local lack of
surface exposure, the total thickness and the number of graphitic
units are unknown. Estimates from previous regional mapping
indicate thickness of graphitic units may be 50 metres.
"The Tedesco showing is now drill-ready. The
target is a thick flake graphite unit(s) within the stratigraphic
bounding limits of graphite occurrences defined by our prospecting
and along its 3 km strike length. Exploration permits have been
submitted and the Company is considering its financing options to
complete a first phase drill program and to continue with
prospecting to prioritize other targets on the property. Four
additional large EM conductors identified in a 2012 airborne survey
completed by the Company have yet to be prospected," 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. Assaying was completed by ALS Labs in Vancouver using method code C-IR06. Surface
grab samples are selective by nature and are unlikely to represent
the average grade on the property; however, higher grades could be
expected as outcropping graphite mineralization may not adequately
explain the coherent EM conductor at Tedesco. Prospecting was
initiated in 2012. Assays for samples collected in 2013 are
pending.
About Graphite:
Graphite is a naturally occurring form of carbon and is an
excellent conductor of both electricity and heat. It is a critical
component in the increasing demand in alternative energy solutions,
including portable electronics and hybrid and electric vehicles,
solar and wind power and fuel cells, on top of traditional uses
such as steel production, lubricants and brake linings. In pricing
graphite, the flake size and purity are key factors with large
flake, ultra purity graphite product commanding the highest prices
in the markets.
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 both a short drive from the
city of Nelson, 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.
PDF available at:
http://stream1.newswire.ca/media/2013/06/20/20130620_C9874_DOC_EN_28300.pdf
