Wednesday, 4 November 2009

Anglo Swiss Buys Key Gold Property

Anglo Swiss Resources Inc.
Basic Shares 130.2 million
Fully Diluted 150 million

Anglo Swiss has substantially upped its land position in the gold rich valley to the south of its Kenville gold property that sits just outside of Nelson, BC.

Anglo has acquired a 100% interest in the Referendum Gold property that covers 1381 hectares and 19 claims for payments totalling $250,000 and 300,000 common shares to be paid over 5 years.

The company believes that the regional geological trend known as the Silver King Shear that runs through Kenville extends to the south. As such, this property acquistion will enhance its chances of striking the mineralization source.
The Silver King Shear is host to multiple gold, copper and silver mines in southeast BC and Anglo now has control over 16 square kilometres in this key area.