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

Anglo Swiss Resources Inc.

November 06, 2007 08:00 ET

Anglo Swiss Resources Encounters Significant Sulphide Mineralization During Drilling at Its Kenville Mine Property, Nelson, BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2007) - Anglo Swiss Resources Inc. (TSX VENTURE:ASW)(OTCBB:ASWRF)(BERLIN:AMO) is providing an initial progress report at the outset of its Phase 1 Diamond Drill Program at the Kenville Mine project. The current Phase 1 drill program, entailing approximately 1500 meters (4900 feet), is in its early stages with the first two drill holes (AK07-01 & AK07-02) completed on Line 2500 N.

Highlights of DDH AK07-01:

- Hole AK07-01 (azimuth east, dip -45 degrees) contained significant sulphide mineralization throughout the upper portions of the drill hole, to approximately 215 meters (705 feet), with the drill hole terminating at 369.4 meters (1212 feet).

- Porphyry style disseminated copper (mainly chalcopyrite) was encountered at the top of drill hole AK07-01 to approximately 25 meters (82 feet) depth in the hole.

- A second larger zone of consistent disseminated chalcopyrite mineralization was encountered from 145 meters to 215 meters (70 meters) or from 476 feet to 689 feet (229 feet).

- Mineralization in drill hole AK07-01 is generally hosted within siliceous dark foliated, magnetite enriched diorites, containing variable disseminated concentrations of pyrite, chalcopyrite with traces of bornite.

- Mineralization encountered in drill hole AK07-01 occurs within a well-defined IP chargeability high as delineated by the 2007 summer geophysical surveys carried out over the western portion of the Kenville property.

Highlights of DDH AK07-02:

- Hole AK07-02 was positioned at the same collar location as drill hole AK07-01. The initial dip of this hole was set at minus 70 degrees, drilled towards the west.

- This drill hole was drilled to a final depth of 195.1 meters (640 feet), with the hole designed to test a zone of low chargeability and low resistivity, which was postulated as a possible mineralized alteration zone.

- Sporadic zones of copper mineralization were encountered within foliated diorites from surface to 58.6 meters (192.25 feet) depth.

- A separate zone of disseminated chalcopyrite occurred within silicified diorite over the interval 157.3 to 168.3 meters (36 feet).

This Phase 1 drill program is designed to test areas of variable IP chargeability, resistivity and geochemical anomalies throughout the surveyed grid area measuring 1100 meters (3608 feet) north/south and 700 meters (2926 feet) east/west, with depth measured to 400 meters (1312 feet).

Drill hole core samples have been sent to an accredited assay lab for both gold assay and multi-element ICP analysis. Results will be reported promptly upon receipt by Anglo Swiss Resources. The 2007 drill results will be combined with the existing geochemical data and previous drill results to assist the technical staff in selecting further drill locations for the Phase 2 drill program.

The Kenville site is 10 kilometers (6.2 miles) west of Nelson, British Columbia, which is located in the West Kootenay region of southern British Columbia. This is a prolific area of numerous mineral showings and past producing mines, including the Kenville Gold Mine, explored since the late 1800's.

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