Anglo Swiss Resources’ Litigation Dismissed
Anglo Swiss Resources Inc. is pleased to confirm that all outstanding claims made by parties to an Option Joint Venture Agreement dated September 5, 2002 have been resolved. The former optionees have released all claims and consented to dismissal of their actions. Consent Dismissal Orders dismissing the actions have been entered with the Court.
Len Danard, President and CEO remarks, “ We are very pleased to have concluded this issue on the Kenville Mine property which is our most advanced mining project in the newly assembled 150 square kilometer Nelson Mining Camp. The Nelson Camp has never been subjected to a large-scale exploration program utilizing modern techniques. We have recently completed an airborne magnetic and electromagnetic survey and have identified two separate significant anomalous conductive features striking in excess of 3km. We are awaiting our drill permits as we advance towards our goal of defining a gold-enriched poly-metallic discovery and bringing a new major discovery to this historically mineral rich area of British Columbia.”
The 2010 exploration programs are designed to systematically test the potential of numerous gold, silver and poly-metallic targets over a newly consolidated land package by placing exploration data from a historical mining district into a modern framework.
About Anglo SwissAnglo Swiss Resources Inc. is a mineral exploration company with its current focus on gold, silver and base metals at its 150 square kilometer Nelson Mining Camp located to the south west of Nelson, British Columbia. The Nelson Mining Camp is situated along the Silver King Regional Shear Zone striking for approximately 10 kilometers. The Silver King Shear is the host to numerous, historical gold, silver and poly-metallic mines in southeastern British Columbia including Anglo Swiss’ 100% owned Kenville Gold Mine. Please visit the Company's website at www.anglo-swiss.com for more information on the Company and its projects. Reader Advisory The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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