Swift Resources Inc. Commences Drilling at Its Castlegar Properties in South Eastern British Columbia Mr. Mike Elson Reports:
September 27, 2011
SWIFT RESOURCES INC. COMMENCES DRILLING AT ITS CASTLEGAR PROPERTIES IN SOUTH EASTERN BRITISH COLUMBIA
Mr. Mike Elson reports:
Swift Resources has begun a diamond drill program on its Castlegar Project in southern B.C., in follow‐ up to the company’s summer exploration program. Approximately 2500 metres of diamond drilling are planned. To date, 8 holes totalling approximately 1500 metres have been completed.
The Castlegar Project consists of 3 contiguous properties, the Amazing Grace, Skarn and Klovance properties, which are held by Swift by way of 3 separate option agreements. The company’s summer work program consisted of soil geochemistry, ground geophysics (33 line km magnetometer and VLF), geological mapping and trenching (17 trenches totalling approximately 400 lineal metres + 3 stripped areas totalling approximately 0.13 hectares).
On the Klovance property, trenching exposed a zone of shear‐hosted polymetallic mineralization, intermittently over a strike length of 400 metres. The mineralized structure is a moderate west dipping structure, hosted within a sequence of argillite and volcanics. It ranges in true width from less than 1 metre to more than 4 metres. Narrow veins and veinlets of massive to semi‐massive sulfide mineralization occur within the shear zone. Highlights from the company’s trenching program on the Klovance property are summarized below.
| Ag | Cu | Pb | Zn | Au | |
|---|---|---|---|---|---|
| g/t | % | % | % | g/t | |
| Upper Showing | |||||
| 2.1 m @ | 88 | 0.045 | 0.83 | 1.24 | 0.006 |
| Middle Showing | |||||
| 1.5 m @ | 17 | 0.066 | 0.93 | 2.54 | 0.133 |
| 1.3 m @ | 53 | 0.037 | 4.50 | 2.47 | 0.101 |
| 0.4 m @ | 292 | 0.364 | 19.76 | 4.77 | 0.447 |
| 1.1 m @ | 30 | 0.026 | 2.14 | 2.09 | 0.138 |
| 3.7 m @ | 11 | 0.038 | 0.94 | 0.55 | 0.126 |
| 1.3 m @ | 15 | 0.025 | 1.15 | 1.52 | 0.075 |
| Lower Showing | |||||
| 0.4 m @ | 17 | 0.076 | 0.90 | 7.84 | 0.041 |
| North Showing | |||||
| 0.6 m @ | 85 | 0.395 | 6.60 | 1.82 | 0.018 |
| 0.3 m @ | 57 | 0.455 | 3.03 | 1.09 | 0.014 |
Swift Resources Inc.
News Release
2011‐09‐26
A strong VLF anomaly and coincident silver soil geochemical anomaly was identified on the Klovance property, which trends subparallel to the known zone of mineralization, but is not coincident with it. The current drill program will test the down‐dip expression of zones of mineralization exposed by trenching, as well as testing geophysical and geochemical anomalies.
On the Amazing Grace property, trenching at the BW showing exposed a mineralized quartz vein, which returned one sample grading 31.25 g/t gold over a true width of 0.5 metres. At the Scheelite showing, also on the Amazing Grace property, a 12 metre zone returned an average grade of 0.2% W, including a 2 metre interval that graded 0.71% W. This 12 metre zone represents the entire exposed zone. The extents and true width of the zone of mineralization are unknown.
The work program on the Skarn property failed to return any results of interest.
Results reported in this release were from representative chip or channel samples, from zones of mineralization exposed by excavator trenching. Samples were analyzed at Acme Analytical Laboratories in Vancouver, an ISO 9001:2008 accredited laboratory. Gold analyses were by 30 gram FA/AA (Acme method G601), with metallic screen done on samples returning > 10 g/t Au. Tungsten assay was by Acme Group 8X (XRF) and silver and base metal assays were by Acme’s Group 7AR (multielement assay by ICP emission spectrometry). Unless stated, reported intervals are representative of true width.
Linda Caron, M.Sc., P.Eng. is the qualified person under NI 43101 who has reviewed and approved the technical content of this news release.
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www.swiftres.com
Investor Relations Contact:
Lawrie Koyle (604)‐558‐1000 [email protected]
Mike Elson, President (604)‐558‐1000 [email protected]
410‐890 West Pender St., Vancouver, B.C. V6C 1J9 Phone: 604.558.1000 Fax: 604.558.1200 SWR ‐ TSX‐V Website: www.swiftres.com Email: [email protected]