Anglo Swiss Discovers Potential Diamondiferous Diatreme
VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 21, 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.
The company relies on litigation protection for "forward-looking" statements. The TSX Venture exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts
Anglo Swiss Resources Inc.
Len Danard, 604-683-0484
info@anglo-swiss.com
www.anglo-swiss.com
