Potential Diamondiferous Diatreme Discovered; Anglo Swiss Resources Inc. Expands Land Position for Diamond Exploration
VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 20, 2005--Anglo Swiss Resources Inc. (TSX VENTURE:ASW)(OTCBB:ASWRF)(BERLIN:AMO) now controls 100% of 31,000 hectares in a contiguous claim group known as the "McAllister Group", located 13.5 kilometres southeast from the City of Nelson, British Columbia. The company's original claim in this area, the McAllister Diatreme, has been identified as the host of a potential diamondiferous lamproite.
The staking was completed on January 13, 2005 to ensure a significant land base to include additional areas of interest in the Nelson Mining District, where Anglo Swiss discovered its first diatreme.
Anglo Swiss President, Len Danard stated, "We believe we have located a second diatreme approximately 4 kilometres from the McAllister Diatreme, which suggests that a cluster of diatremes may be present in the area. This new development is a perfect complement to our existing gemstone properties in south-eastern British Columbia."
Work To-date
Anglo Swiss originally staked two adjoining claims in June of 2004 (McAllister & Pipe) and then added the K1 - K4 claims in November. Initial work focused on the McAllister claim due to its physical attributes recognised from a helicopter. One specimen was collected and submitted for petrographic analysis.
The sampled portion of the pipe is described as "an ultramafic coarse fragmented rock named a heterolithic fragmental biotite lamprophyre breccia". To further assess the diatreme a larger 20 kg. sample has been submitted for physical separation of indicator minerals at a laboratory specializing in diamond exploration. Results will be released upon receipt.
Recommended Programs
Additional work is needed and warranted on this exciting discovery and a comprehensive exploration program is currently being designed. Attached as Schedule "A" to this news release is a Report titled: "Preliminary Field Examination of Nelson Area Diatreme, October 6-7, 2004 by W.G. Timmins, P.Eng & G. C. Macdonald, P.Geo, dated January 11, 2005". The authors are both qualified persons by NI43-101 definition, and are familiar with exploration for and experienced in discovery of diamond bearing kimberlite diatremes in the Northwest Territory.
On behalf of the Board,
Len Danard, President & CEO
THE COMPANY RELIES ON LITIGATION PROTECTION FOR "FORWARD LOOKING" STATEMENTS.
SCHEDULE "A"
WGT CONSULTANTS (NWT) LTD.
3920 RAGGED ASS LANE
YELLOWKNIFE NWT X1A 1Z7
JANUARY 11, 2005
PRELIMINARY FIELD EXAMINATION OF NELSON AREA DIATREME
OCTOBER 6 - 7, 2004
BY
W.G.TIMMINS, P. ENG.
AND
G.C. MACDONALD, P.GEO.
FOR
ANGLO SWISS RESOURCES INC.
SUITE 1904 - 837 WEST HASTINGS STREET
VANCOUVER, BRITISH COLUMBIA, V6C 3N7
CANADA
INTRODUCTION
At the request of Anglo Swiss Resources Inc., W.G. Timmins, P.Eng and G.C. Macdonald, P.Geo conducted a site examination of the McAllister claim held by Anglo Swiss near Nelson, B.C. The claim is located on claim sheet 82F-6 and lies 13.5 kilometers southeast of the city of Nelson. Access is currently by helicopter, but old logging roads are available for ground access with minor upgrading. The authors are both qualified persons by NI43-101 definition, and are familiar with exploration and experienced in discovery of diamond bearing kimberlite diatremes in the Northwest Territory.
GEOLOGY
The claim is underlain by stratified rocks of the Lower Cambrian Series, straddling the Laib and Reno formations, which has been intruded by a variety of granitic rocks. At the McAllister claim, the stratified rocks have been intruded by a diatreme breccia. This rock is a dark unit, grey to black in color and contains a variety of exotic fragments. From only one hand specimen submitted for petrographic analysis, that sampled portion of the pipe is described as "an ultramafic coarse fragmented rock named a heteroithic fragmental biotite lamprophyre breccia". This sample represents only a small portion of the overall breccia, and further sampling will be required to properly recognise the systems petrography. A larger sample (20 kilograms) has been submitted for physical separation of indicator minerals at a laboratory specialising in diamond exploration to further assess the diatreme.
The sampled diatreme, (referred to now as "McAllister") may be spatially related to a major north-west to south-east structural break in the earth's crust. This break may have provided deep-seated access for the diatreme to reach the surface, or may be coincident and unrelated. An additional diatreme was recognised from the helicopter some 4 kilometers north-west of the McAllister Diatreme, suggesting that multiple diatremes (a "cluster") may be present within a structurally favourable zone. Airborne magnetic anomalies with characteristics typical of diatremes (small, circular anomalies) are also present locally on Geological Survey of Canada magnetic plans.
Further exploration work is warranted for the McAllister project and should include:
(1) Staking of additional claims to protect the favourable area nearby prospective to host diatremes;
(2) Collection of a representative group of samples across the entire section of both diatremes observed to date to test for indicator minerals; and
(3) Stream drainage panning to locate additional anomalous areas.
Respectfully submitted,
Signed,
W.G. Timmins
The TSX Venture Exchange has not reviewed and does not accept reponsibility for the adequacy or accuracy of this release.
Anglo Swiss Resources Inc. (TSX VENTURE:ASW) (OTC Bulletin Board:ASWRF) (BERLIN:AMO)
Contacts
Anglo Swiss Resources Inc.
Len Danard
President & CEO
(604) 683-0484
Fax: (604) 683-7497
Email: info@anglo-swiss.com
Website: www.anglo-swiss.com
OR
Daimler Partners
Mr. Peter Holt
Investor Relations
(604) 605-8522
