Anglo Swiss Completes Airborne Geophysical Survey on its Blu Starr
Flake Graphite Property, BC
ASW: TSX.V
VANCOUVER, Nov. 19, 2012 /CNW/ - Anglo Swiss Resources Inc.
(ASW: TSX-V, ASWRF: PK) ("Anglo
Swiss" or the "Company") is pleased to announce
the completion of an airborne electromagnetic (EM) survey on its
Blu Starr Flake Graphite property in southeast BC. Exploration is
being conducted in search of high-quality flake graphite. A total
of 452 line-kilometres were flown by Aeroquest Airborne Limited
utilizing its AeroTEM IV system.
Data is currently being processed and merged
with an earlier survey completed in 2010. The total EM coverage on
the Blu Starr property is now 978 line-kilometres. Final
interpretation of the geophysical data will be received prior to
year end.
The Blu Starr property adjoins Eagle Graphite
Corporation's flake graphite operation which is one of only two
natural flake graphite mines in North
America. Next to Eagle Graphite, Anglo Swiss holds the largest land package
covering 6,473 hectare (~65 sq. km) in the southern part of the
favourable Valhalla Metamorphic Complex. Numerous outcrops of large
flake graphite occurrences are known on the property associated
with EM conductors.
Prospecting and mapping will continue on the
property until snow cover. A NI43-101 compliant report on the Blu
Starr property will be posted in early 2013.
Jari Paakki, P.
Geo., is the designated "qualified person" (within the meaning of
National Instrument 43-101) responsible for the preparation of this
news release.
About Anglo
Swiss:
Anglo Swiss Resources Inc. is a Canadian based exploration company
with current assets including its Kenville
Gold Mine and Blu Starr Flake
Graphite properties in southeastern BC, and its Lansdowne House, Ring of Fire
Nickel-Copper-PGE property in northwestern Ontario. Further information about the Company
may be found in the Company presentation at
http://www.anglo-swiss.com or at http://www.sedar.com.
Cautionary Note Regarding Forward-Looking
Statements: Certain statements made herein may contain
forward-looking statements or information within the meaning of
Canadian securities laws. Such forward-looking statements or
information include, but are not limited to, statements or
information with respect to Anglo Swiss Resources' plan for future
exploration and development of its properties. Forward-looking
statements or information are based on a number of estimates and
assumptions and are subject to a variety of risks and
uncertainties, which could cause actual events or results to differ
from those reflected in the forward-looking statements or
information. Should one or more of these risks and uncertainties
materialize, or should underlying estimates and assumptions prove
incorrect, actual results may vary materially from those described
in forward-looking statements or information. For example,
there is no certainty, that any economically viable mineral deposit
will be located on the Property, or that the Company will be able
to raise sufficient capital to complete all of its exploration and
drill programs. Accordingly, undue reliance should not be placed on
forward-looking statements or information. Anglo Swiss does not expect to update
forward-looking statements or information continually as conditions
change, except as may be required by securities law.
SOURCE Anglo Swiss Resources Inc.