Friday, 10 July 2009

Anglo Swiss Finds 2,696 Grams Per Tonne Of Gold – SPECTACULAR!

Anglo Swiss Resources Inc.
(TSX-V: ASW) (OTCBB: ASWRF) (BERLIN: AMO)
Basic Shares 130.2 million
Fully Diluted 150 million

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Today Anglo Swiss wowed the market with a news release summarizing its remaining assay results from its underground vein sampling program that form the basis for a pending industry compliant NI 43-101 resource report due in July.

The company has now completed its initial sampling program on its main level of the Kenville Gold Mine called Level 257 just outside of Nelson BC.

The highest grade reported from the 56 samples taken in a vein structure named the South Yule is an astounding 2,696 grams per tonne of gold or 78.63 ounces per ton. The assay results came from Assayers Canada with a countercheck assay completed by International Plasma labs that had a value of 2283 grams per tonne. These two labs independently checked all samples.

There is 95 metres of this vein structure exposed inside the mine from which the samples were taken. Out of the 56 samples, 15 assayed in the multi grams per tonne while the remaining 41 averaged 0.9 grams per tonne.

Anglo management is convinced that more of these high grade gold pockets will be discovered as the company starts to drill newly discovered vein structures in its summer drilling program expected to start within a month. The “super size” assay along with numerous multi-ounce gold assays found in Level 257 reconfirms why many years ago Kenville was a top gold producer and speaks to the potential of the property. Management feels the pending resource report will be the first in a series that will be driven by results from an extensive underground drilling program in combination with re-entering other levels of the old mine.

The historical average grade of ore found at Kenville was 10.9 grams per tonne of gold or 0.327 ounces.

See full news release here.............