Anglo Swiss Resources Inc. Options Referendum Gold Property.VANCOUVER -- Anglo Swiss Resource Inc. has entered into an Option to Purchase Agreement with Thomas Cherry of Nelson, British Columbia
The Referendum Gold Property consists of 19 contiguous staked mineral claims covering 1,381 hectares. Consideration from Anglo Swiss consists of payments totaling $250,000 plus 300,000 Anglo Swiss common shares by the 5th anniversary of the Agreement. The Agreement is subject to a Royalty Interest royalty interest The proportional ownership interest by the owner of oil and gas rights in income produced by the asset. See also overriding royalty interest. of a 2.5% net smelter return. Anglo Swiss may at any time purchase the Royalty Interest for $2,000,000. The Referendum Gold Property is situated on the southern borders of Anglo Swiss' 100% owned Kenville Gold Mine Property including the recently optioned (60%) Ron Gold property located 10 kilometres from Nelson, BC. This acquisition greatly enhances Anglo's land position to the south, extending the potential strike length of the regional geological trend along the Silver King Shear Zone. The Silver King Shear is the host to numerous historical gold, copper and silver mines in southeastern British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography including Anglo's Kenville Gold Mine. Anglo Swiss' engineering and geological consultants are presently developing a geological computer model of the Kenville Mine property area, which includes structural geology structural geology Scientific discipline concerned with rock deformation on both small and large scales. Its scope ranges from submicroscopic lattice defects in crystals to fault structures and fold systems of the Earth's crust. , the mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. quartz vein systems, aggregate and previously mined underground workings. This model will have the capacity to determine resource grade and tonnage, and can also be used as a mine-planning tool. The addition of the Referendum Gold and the Ron Gold properties' geological data sets will allow Anglo Swiss to expand its geological model to include more regional geology, which will assist in determining mineralized zones of interest throughout the entire 16 square kilometre Kenville Gold Property Group. Edward Nunn, P.Eng., a Qualified Person under National Instrument 43-101, has approved the technical content of this News Release. About Anglo Swiss Anglo Swiss Resources Inc. is a mineral exploration company with its current focus on gold, silver and base metals at its Kenville Gold property group located to the south west of Nelson, British Columbia. For further information, investors are asked to visit the Anglo Swiss Resources Investor Relations Investor relations The process by which the corporation communicates with its investors. Hub at www.agoracom.com/IR/AngloSwiss or email to ASW ASW Antisubmarine Warfare ASW Approved Social Worker ASW Application Software ASW a Small World (online community) ASW Art Supply Warehouse ASW Artificial Sea Water ASW Australian Standard White (wheat) @agoracom.com. Sign up for free SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. News Release service, simply text ASW2 in the body of the text message to 32075 or visit the Mobile FRC FRC abbr. functional residual capacity FRC see functional residual capacity. link at the Company's website. Please visit the Company's website at www.anglo-swiss.com. Reader Advisory The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Cautionary Statement on Forward-Looking Information: This release contains certain "forward-looking statements" including, without limitation, expectations, beliefs, plans and objectives regarding the potential transactions and ventures discussed in this release. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions. |
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