Tuesday, 21 October 2008

Anglo Swiss – Significant Gold Found Throughout New Multiple Quartz Veins

Anglo Swiss Resources Inc.
Basic Shares 100.5 million
Fully Diluted 129.5 million


Assay results are in from the first 28 holes of Anglo Swiss’ 2008 drilling program consisting of 8530 meters (28,000 feet). Highlights include a spectacular 205 grams per ton of gold and 182 grams per ton of silver from hole 15.

In addition, the company has discovered multiple new quartz veins throughout the western side of the Kenville gold property. These quartz veins are rich with gold, silver, copper and molybdenum. Anglo Swiss says the multiple quartz vein structures on the west side of the property run for at least 700 meters (2,300 feet).

Although several high grade intersections have been discovered they do not have great width. This will be a key point from the market's perspective. It's clear ASW is onto something and the results are extremely encouraging. This drilling program proves the company is in the right part of the ball park. Now that ASW has designated the "target rich" area, the next step is to pin point new drilling locations that focus on where the vein systems have been encountered.

Although a lot of science went into picking the 2008 drill locations, it's no easy task nailing the sweet spot of a vein system. The veins pinch and swell and vary greatly in width from 0.2 to 2 meters. The slightest angle differentiation at surface can mean a world of difference the deeper the drill hole as a vein system could be missed by inches or you may just nick the edge of the system.

Veins don't run in straight lines anymore than a river runs in a straight line.

To read the full news release click here.

A full list of assay results from this first phase is available on the Anglo Swiss web site, click here.

Also, extensive drilling was done this year on the more familiar east side of the Kenville property with more assay results to follow this quarter.