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

Anglo Swiss Resources Inc.

November 13, 2007 08:02 ET

Anglo Swiss Resources Inc. Reports on Drill Results for Drill Hole AK07-03 Testing a 300-Meter Wide by 400-Meter Deep IP Chargeability Anomaly on the Kenville Mine Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2007) - Anglo Swiss Resources Inc. (TSX VENTURE:ASW)(OTCBB:ASWRF)(BERLIN:AMO) is pleased to report on information received from Company geologist(s) regarding initial observations of drill hole AK07-03 on its 100% owned Kenville Mine property located in south-eastern British Columbia.

Drill hole AK07-03, drilled 185 meters (607 feet) west of drill holes AK07-01 and AK07-02, has tested a large discrete IP chargeability anomalous zone, containing significant sulphide concentrations. Visual examination of drill core to date indicates mineralization and alteration styles that are consistent with an alkalic porphyry copper-gold deposit-type.

The Phase 1 drill program is currently exceeding the Company's expectations from the initial 3 holes, particularly with respect to the positive results obtained from the testing of geophysical and geochemical anomalies. Both Induced Polarization (IP) and Geochemical anomalous zones are persistent along at least 1000 meters (3,288 feet) of north/south strike, 700 meters (2,926 feet) east/west, with depth measured to 400 meters (1,312 feet), providing numerous drill targets for the Phase 2 drill program.

Several points of interest regarding drill hole AK07-03 are as follows:

- Drill hole AK07-03 was located on line 2500 North, station 325 West, which is located 185 meters (607 feet) west of the drill collars of previously reported drill holes AK07-01 and AK07-02.

- Drill hole AK07-03 was drilled to the east at a dip of minus 45 degrees to a final hole depth of 150 meters (492 feet).

- The IP chargeability anomaly tested by drill hole AK07-03 lies to the west of the IP chargeability anomaly tested by drill hole AK07-01. The IP chargeability anomaly tested by drill hole AK07-03 comprises a very discrete zone measuring approximately 300 meters (984 feet) wide with persistent depth indications to at least 400 meters (1,312 feet).

- Drill hole AK07-03 contained consistent moderate to intense areas of silica-potassic flooding of the dioritic host rocks, with intervening zones of variable silicification (quartz replacement), from the top of the drill hole to 89.7 meters (294.3 feet) depth.

- The silica-potassic flooded and silicified zones are generally accompanied by variable concentrations of fine to coarse-grained pyrite with fine-grained associated chalcopyrite.

- The mineralized silicified zone in drill hole AK07-03 shows very good correspondence with the strongest portion of the targeted IP chargeability anomaly.

- Mineralization and alteration styles observed to date are consistent with a class of alkalic copper-gold porphyry deposits referred to as quartz alkalic, with the majority of mineralization associated with silicification occurring within magnetite-bearing foliated to non-foliated porphyritic diorites.

All drill hole core samples are being 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.

Leonard Danard Goes "Beyond the Press Release"

Please join President and CEO, Leonard Danard as he goes "Beyond the Press Release" to provide shareholders with an audio address that further discusses the results described within this press release. The address will be available on the Anglo Swiss Resources Investor Relations Hub at www.agoracom.com/ir/angloswiss on or before November 16, 2007.

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 technical 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
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