Anglo Swiss Resources Inc.
TSX VENTURE : ASW
OTC Bulletin Board : ASWRF
BERLIN : AMO

Anglo Swiss Resources Inc.

November 01, 2007 12:55 ET

Anglo Swiss Resources Commences Drilling on the Kenville Gold Property-Receives Geophysical Report and Recommendations-Alkalic Porphyry Copper (+/- Gold Silver, Molybdenum) Target

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2007) - Anglo Swiss Resources Inc. (TSX VENTURE:ASW)(OTCBB:ASWRF)(BERLIN:AMO) is pleased to announce it has started a Phase 1 diamond drilling program at its wholly owned Kenville Gold Property, located near the city of Nelson, in south-eastern British Columbia.

The Company is exploring a large alkalic porphyry copper, gold, silver and molybdenum target previously identified by work programs in the 1990's conducted by Teck Exploration Ltd. Historical drilling by Teck in 1995 and 1996 yielded numerous zones of copper, silver, gold and molybdenum mineralization.

Full Force Drilling Ltd. began work on October 11th with the program targeted to drill approximately 1,500 metres (4,921 feet). The Company is planning a Phase 2 program of an additional 5,000+ metres (16,400 feet) upon evaluation of the Phase 1 drill program.

The 2007 drill program will test mineral zones along an indicated 1100 metre (3608 feet) north/south & 700 meter (2296 feet) east/west zone, containing strongly anomalous values in gold, silver, copper and molybdenum. This is based on Teck's work as well as recent technical work completed by Insight Geophysics on a strong geochemical anomaly on the west side of Eagle Creek.

The Company has received a report entitled "Report on the Interpretation of Induced Polarization Kenville Gold Project", Nelson, British Columbia, Canada, by Jeremy S. Brett, MSc., PGeo., MPH Consulting Ltd. The full report is available on the Company's website at www.anglo-swiss.com and on the Company's SEDAR site. The MPH report states the geophysical data is of excellent quality and includes maps with drill site locations and geochemical data.

The Induced Polarization geophysical survey was completed by Insight Geophysics in September of 2007. A total of 18.7 line-km (11.7 miles) of gradient and 5.9 line-km (3.7 miles) of high resolution Insight Section resistivity and chargeability data were collected, covering approximately 20% of the property. Chargeability and resistivity were effectively mapped to depths of approximately 400 meters (1312 feet).

Copper and molybdenum soil geochemical anomaly trends (with associated gold and silver) over 1100 meters (3608 feet) are coincident with north-south trending moderate chargeability highs, interpreted as copper/molybdenum targets, and north-south trending resistivity lows and highs, which are interpreted as possible alteration zones. All trends are interpreted as being open in all directions.

The property is located within the Eagle Creek diorite porphyry and is host to gold-bearing quartz veins and silica-potassic alteration zones, which typically host the copper +/- molybdenum mineralization.
The Kenville Gold Mine is one of the oldest and most prolific producers in the district, producing intermittently from 1890 to 1954, with the bulk of production from 1899 to 1912. Government records indicate that past production from 181,295 tons mined totaled:

- 2,029 kilograms of gold or 4,473 pounds;

- 861 kilograms of silver or 1,848 pounds;

- 23.5 tonnes of lead or 51,808 pounds;

- 15 tonnes of zinc or 33,069 pounds;

- 1.6 tonnes of copper or 3,527 pounds;

- 37 kilograms of cadmium or 81.5 pounds.

A previous drill program during 1995 and 1996, performed by Teck Exploration Ltd. (TeckCominco) on the porphyry target zone, intersected numerous anomalous to locally economic mineral values including:

- 1.03% copper (20.6 pounds per ton), 8.18 g/t silver (0.29 ounce per ton), 439 parts per million (ppm) molybdenum across 8.7 metres (28.5 feet) in drill hole TK-95-03;

- 0.70% copper (14 pounds per ton), 1.12 g/t gold (0.04 ounce per ton), 6.7 g/t silver (0.2 ounce per ton) across 4.2 metres (13.8 feet) in drill hole TK-95-02;

- 82.15 g/t gold (2.9 ounces ton), 34.1 g/ton silver (1.2 ounces per ton) across 0.25 metre (0.82 feet) in drill hole TK-95-05;

- 0.228% copper (4.5 pounds per ton) and 365 parts per billion gold across 7.6 metres (24.9 feet) in drill hole TK96-05.

The 1995-1996 Teck program consisted of 12 drill holes totaling 2,427 metres (7,962 feet). Generally strong alteration is present throughout the majority of the Teck drill holes, with locally strong concentrations of gold, copper, silver and molybdenum. The company believes that the results of past drilling programs, in combination with recent geochemical and geophysical programs, are indicative of a potential porphyry system of significant extent and grade.
The preceding excerpts from the 1995 and 1996 Teck reports on the work programs on the Kenville property predate the NI 43-101 standards and are historical in nature.

Greg Thomson, P.Geo., is the qualified person for Anglo Swiss Resources for the geology and drilling on the property and Jeremy S. Brett, P.Geo. of MPH Consulting Limited is the qualified person for the geophysical data.

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.

Contact Information

  • 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
    or
    The Howard Group Inc.
    Jeff Walker
    Investor Relations - Canada
    Toll Free: 1-888-221-0915
    or
    The Howard Group Inc.
    Grant Howard
    Investor Relations - Canada
    Toll Free: 1-888-221-0915
    Website: www.howardgroupinc.com
    or
    Investor Awareness Inc.
    Tony Schor
    Investor Relations - United States
    (847) 945-2222
    or
    Investor Awareness Inc.
    Jim Foy
    Investor Relations - United States
    (847) 945-2222
    Website: www.investorawareness.com