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May 12 /PRNewswire-FirstCall/ -
Anglo Swiss Resources Inc. (TSXV: ASW) ("Anglo Swiss" or "the Company") announces that it has appointed Mr.
David Constable, BSc. (Hons.), MBA (Hons.), ICD.D to the position of Chief Executive Officer, effective immediately. Mr. Constable replaces Mr.
Len Danard, who is stepping down to pursue other interests after serving as President and CEO for the past 20 years. Mr. Danard will continue to serve as a director of the Company.
Mr. Constable has more than 40 years experience in mineral exploration, development and strategic investor relations throughout
Canada and internationally. From 2002-2010 he was Vice President Investor Relations for FNX Mining Company Inc., retiring after the 2010
$3.5 billion merger with Quadra Mining Ltd. to create Quadra FNX Mining Ltd. Previously, from 1996-2002, he listed
Australia's Normandy Mining Limited on the Toronto Stock Exchange and marketed
Australia's largest gold producer in
North America until its
$2.4 billion acquisition in 2002 by Newmont Mining Corporation.
David has a BSc. (Hons.) in geology from
Mount Allison University in
New Brunswick and an MBA (Hons.) from
Sudbury'sLaurentian University. He is an experienced geologist and director of public resource companies and possesses an ICD.D designation from the Institute of Canadian Directors. Previous board positions included eight years with Aquiline Resources Inc. until its
$660 million acquisition by Pan American Silver Corp. late in 2009 and Moly Mines Limited until the completion of a
US$700 million financing for its Spinifex Ridge Project in
Western Australia in
May 2010. He currently serves as a director of several public resource companies.
Mr. Constable stated that, "On behalf of the board of directors, I'd like to thank
Len Danard for his contribution and commitment to the Company over his long tenure and I am very pleased that Len will continue to provide advice and share his extensive experience as a member of the board. This is a time of transition for Anglo Swiss, both at the project and management levels. We remain fully committed to advancing exploration at the Company's Kenville Gold Mine Properties in
Nelson, BC, while also evaluating other advanced exploration opportunities which will complement, broaden and diversify
Anglo Swiss' project portfolio. Equally important to the Company's future will be the pending addition of new executive and technical management to complete the Anglo Swiss team. I look forward to continued success at our gold property and exposure to new asset opportunities."
"I am extremely proud and excited that the Kenville Gold Mine property and the newly acquired Nelson Mining Camp have attracted David to the Board of Directors and now to the position of CEO. I believe that David's technical, managerial and investor relations' skills, experience and relationships will bring opportunity and growth while adding shareholder value in the process. I would like to thank the Board of Directors and shareholders for their support during my tenure and wish
David and Anglo Swiss continued success in developing this advanced gold property," said Mr. Danard.
About Anglo Swiss: Anglo Swiss Resources Inc. is actively exploring its flagship 160 sq. km, Nelson Mining Camp Project, which includes the 100%-owned
Kenville Gold Mine. The property hosts numerous historical producing gold, silver and copper mines, surface adits, and old workings. This is the first time the extensive land package has been held by one operator. An extensive data compilation effort was undertaken and is now accessible in a useful geological database. The Company is taking a systematic exploration approach to the entire area with a two-pronged exploration program which includes defining a larger gold resource around and to the south of the high-grade Kenville Gold Mine, as well as exploring the vast new land holdings for additional economic precious metal and base metal deposits. Further information about the Company can be found at
www.anglo-swiss.com or at
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.