Anglo Swiss Identifies Large Geophysical Conductors on its Blu
Starr Flake Graphite Property, BC
News Release ASW: TSX.V
VANCOUVER,
Jan. 10, 2013 /CNW/ - Anglo Swiss
Resources Inc. (ASW: TSX-V, ASWRF: PK) ("Anglo Swiss" or the "Company") is
pleased to report several large electromagnetic (EM) conductors
have been identified on its Blu Starr Flake Graphite property in
southeast BC. Results are newly received from an airborne EM survey
completed in late 2012. 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 approximately 65 sq. km in the southern part of
the favourable Valhalla Metamorphic Complex. See attached maps.
Four large EM conductors are identified in the
2012 survey adding to the list of exploration targets including a
previously outlined 3 km long conductor associated with the Tedesco
flake graphite showings. The new targets include a 1.5 km long
conductor in the southwest and three conductors, measuring up to
2.4 km, in the central portion of the property along the south side
of Perry Peak. The three conductors
on the south side of Perry Peak
occur within similar elevations as Tedesco, located 3 km away on
the north side of Perry Peak,
suggesting a possible connection as host rocks at Tedesco are
relatively flat lying to very shallow southward dipping.
Geophysical modelling of two of the central conductors suggests
thick, relatively flat lying anomalies as well.
"With an already attractive location next door
to a flake graphite operation, results of the EM survey further
highlight the potential at Blu Starr. Several promising exploration
targets are now outlined, none of which have been drill tested and
most have not even been prospected with the exception of surface
grab sampling at Tedesco. We are planning an extensive prospecting
and mapping program, and a first phase drill program for 2013,"
commented Jari Paakki, Chief
Executive Officer.
A National Instrument (NI) 43-101 compliant
report on the Blu Starr property is posted on SEDAR at
http://www.sedar.com and on the Company`s website at
http://www.anglo-swiss.com.
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.
PDF available at:
http://stream1.newswire.ca/media/2013/01/10/20130110_C5022_DOC_EN_22397.pdf