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

November 19, 2007 08:01 ET

Anglo Swiss Resources Drill Hole AK07-04 Extends Strike Length of Known Eagle Gold Vein and Confirms Zones of Disseminated Copper Mineralization

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2007) - Anglo Swiss Resources Inc. (TSX VENTURE:ASW)(OTCBB:ASWRF)(BERLIN:AMO) today reported that as a result of evident visual mineralization from drill hole AK07-04 that it will now focus on both the porphyry copper-gold potential on the Kenville property as well as the continued exploration on the Eagle vein system, which is a known carrier of high grade gold and silver values.

This is the fourth of a just completed five-hole Phase One 1500 meter drill program on the Kenville Mine property, located 10 kilometers west of Nelson, in south-eastern British Columbia.

Drill hole AK07-04 was drilled on line 2600 north at station 225 west or approximately 130 meters (426 feet) northeast of previously reported drill hole AK07-03. The drill hole was drilled to the east at a dip of -45 degrees to a final hole depth of 352.2 meters (1,155.5 feet).

Drill hole AK07-04 was targeted on an area of high IP chargeability, which was also crossed by 1995 Teck drill hole TK05-03. The Teck drill hole contained a distinct zone of copper-bearing mineralization throughout lower portions of the drill hole, culminating in an 8.7-meter intersection of 1.03% copper with silver and molybdenum credits.

Drill hole AK07-04 was drilled entirely within magnetite bearing massive to locally foliated diorite porphyry, with local intervening lamprophyre dikes. Several zones of promising mineralization were intersected in the drill hole as follows:

- Distinct zone of silicification occurs from 281.2 to 296.1 meters (14.9 m or 48.9 feet). The silicification contains generally pervasive fine-grained pyrite. At approximately 288.65 meters the hole intersected a multiple number of mineralized quartz veins, recognized as the Eagle Vein system, that was discovered by 1995 Teck drill holes TK05-04 and TK05-05.

- Of note, the main veining occurs between 290.5 to 295.2 meters (4.7 m or 15.4 feet) and contains numerous strong clots and disseminations of coarse pyrite with associated chalcopyrite and traces of galena, both within the veins and within intervening silicified diorites.

- Assay results from previous Teck drilling that first identified the Eagle Vein system returned grades of 82.15 g/t gold (2.9 ounces/ton), 34.1 g/t silver (1.2 ounces per ton) across 0.25 metre (0.82 feet).

- A broad zone of pervasive silicification occurs in the drill hole from 164.0 to 205.4 meters (41.4 meters or 136 feet). Within the silicified diorites are found pervasive variable disseminated concentrations of mixed fine grained pyrite and chalcopyrite, with locally strong concentrations (2 to 5%) of chalcopyrite occurring within 1 to 2 meter lengths (3.28 to 6.56 feet) over the interval 168.2 to 184.8 m.

- Pervasive silicification occurs in a distinct zone from 251.75 to 254.8 m (3.05 m or 10 feet). Within this area of silica alteration are found finely disseminated pyrite and chalcopyrite, with relatively strong chalcopyrite present from 251.75 to 252.4 meters.

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. 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.

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. - Corporate Inquiries
    Len Danard
    President & CEO
    (604) 683-0484
    (604) 683-7497 (FAX)
    Email: info@anglo-swiss.com
    Website: www.anglo-swiss.com
    or
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    Investor Relations - Canada
    1-888-221-0915
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    Grant Howard
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    Website: www.howardgroupinc.com
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    Tony Schor
    Investor Relations - United States
    1-847-945-2222
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    Jim Foy
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    Website: www.investorawareness.com