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

Anglo Swiss Resources Inc.

May 07, 2008 08:00 ET

Anglo Swiss Resources Commences Phase 2, 10,000 Meter Drilling Program on the Kenville Gold Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 7, 2008) - Anglo Swiss Resources Inc. (TSX VENTURE:ASW)(OTCBB:ASWRF)(BERLIN:AMO) is pleased to announce the Phase 2 diamond drilling program has commenced at its wholly owned Kenville Gold Property, located near the city of Nelson, in south-eastern British Columbia.

This program is contracted for 10,000 metres (32,825 feet) to Full Force Drilling Ltd. and will test three separate and distinct mineralized zones present on the Kenville Mine property.

- The Porphyry Copper/Gold Zone

The presence of widespread prospective copper mineralization with associated gold and silver values, within a large body of diorite intrusive rock is suggestive of a typical environment for the emplacement of a classic alkaline porphyry deposit. The continued exploration for an economic body of porphyry-style mineralization is a priority focus for the upcoming 2008 field season.

Geophysical and geochemical results indicate that the porphyry copper/gold zone extends over 1,100 meters (3,608 feet) north/south and 700 meters (2,296 feet) to the east/west and is open to expansion to the north and east.

- The Eagle Gold Vein

The Eagle gold vein is situated within the western portion of the property, related to and lying at the base of the porphyry system. The vein system has a currently known strike length of 150 metres and is open to the north, south and to depth. The vein has only been intersected in four drill holes on two sections 150 metres apart, with vein widths variable between 0.3 meters up to 2.6 metres. In drill hole TK95-05, the Eagle vein assayed 82.15 grams per tonne gold (2.4 ounces per ton gold) over 0.30 meter or 1.0 feet. In drill hole AK07-04, the Eagle vein assayed 42.0 grams per tonne gold (1.225 ounces per ton gold) over 0.8 meter (2.6 feet) and in AK07-05 assayed 14.96 grams per tonne gold (0.43 ounce per ton gold) over 1.4 metres (4.5 feet). The Eagle vein system consistently carries very strong values in copper, gold and silver, often with associated bismuth, lead and locally molybdenum and tungsten.

- The Existing Kenville Mine Gold Vein Systems

The underground gold and base metal bearing veins have renewed economical potential with the current high price levels. The Company is currently carrying out studies directed towards the evaluation of the economic potential of the underground workings, leading towards resumption of mineral production.

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 tonnes 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.

The technical contents of this release have been approved by Greg Thomson, PGeo, a qualified person as defined in NI 43-101.

About Anglo Swiss

Anglo Swiss is a mineral exploration company focused on creating shareholder value through the acquisition and development of quality precious/base metal and gemstone properties that have undiscovered resource potential. The company is actively exploring and drilling its 100% owned, advanced staged Kenville Gold Property located in southeastern British Columbia with the goal of developing a world-class porphyry copper and gold deposit. The company is also in the process of exploring a diamondiferous bearing kimberlite property, known as the Fry Inlet Diamond Property, located in the Lac de Gras region of Canada's Northwest Territories.

For further information, investors are asked to visit the Anglo Swiss Resources Investor Relations Hub at www.agoracom.com/IR/AngloSwiss or email ASW@agoracom.com.

Reader Advisory: The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Anglo Swiss Resources Inc.
    Len Danard
    President and Chief Executive Officer
    (604) 683-0484
    (604) 683-7497 (FAX)
    Email: info@anglo-swiss.com
    Website: www.anglo-swiss.com
    or
    The Howard Group Inc. - Investor Relations
    Jeff Walker
    Canada
    Toll Free: 1-888-221-0915
    or
    The Howard Group Inc. - Investor Relations
    Grant Howard
    Canada
    Toll Free: 1-888-221-0915
    Website: www.howardgroupinc.com