ASW: TSX.V
VANCOUVER,
Dec. 31, 2013 /PRNewswire/ - Anglo
Swiss Resources Inc. (TSXV: ASW) (PK: ASWRF) ("AngloSwiss"
or the "Company") announces that Eagle Creek Gold Corp.
("Eagle Creek") has failed to raise necessary funds to
complete the transaction to purchase the Kenville Gold Mine
Property as at the Closing Date of December
30, 2013 and the Vending Agreement with Eagle Creek has been
terminated. The Company retains 100% ownership in the property and
will pursue a new buyer and also continue to assist Eagle Creek as
they have expressed their continued interest in acquiring the
property on terms to be negotiated.
The Kenville mine dates back to 1888
representing one of BC's oldest operational gold mines. It operated
intermittently for 60 years, but has not been in production for
more than six decades. Recent exploration work by Anglo Swiss has significantly expanded the
extent of high-grade gold veins outlining the Eagle Veins, Flat
Vein and South Zone which collectively have a footprint much larger
than the historic workings (see Figure 1). Future work would focus
on these newly identified gold veins as well as unmined veins near
existing workings.
ON BEHALF OF THE BOARD OF DIRECTORS,
Jari Paakki, P.Geo.
CEO
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 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.
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
SOURCE Anglo Swiss Resources Inc.
PDF available at:
http://stream1.newswire.ca/media/2013/12/31/20131231_C6935_DOC_EN_35270.pdf