Message #5 From:
NewsBot Date: June 22, 2005 07:59:55 PM
ASWRF News Research Anglo Swiss Resources Inc,Stock Trading Message Board
Anglo Swiss Resources Inc. Acquires NWT Diamond Claims
VANCOUVER, British Columbia
Anglo Swiss Resources Inc.
Len Danard
President & CEO
(604) 683-0484
Fax: (604) 683-7497
angloswiss@shaw.ca
www.anglo-swiss.com
Anglo Swiss Resources Inc. (OTCBB:ASWRF)(BERLIN:AMO) is pleased to report that agreement has been negotiated for the Company to purchase a 100% interest in the TILL 1-7 mineral claims, located approximately 110 kilometers northwest of Yellowknife, NWT.
The TILL claims cover dispersion trains of kimberlite indicator minerals identified in till sampling programs. The Company's new claims lie within a region of active diamond exploration by other diamond explorers and are midway between the Crosslake area kimberlites (Ashton, DeBeers, Diamonds North, et al) and the "Big Hole" target (GGL Diamond).
The Anglo Swiss TILL claims are underlain by the Slave Craton which hosts producing diamond mines at Lac de Gras (Ekati and Diavik Mines) some 200 kilometers to the north-east. The Company is compiling historic data from earlier exploration in the area and will use the information along with new results to design exploration for the source of the indicator mineral trains.
Anglo Swiss has agreed to purchase the TILL claims from three Yellowknife prospectors, the "Vendors", (M. Braden, L. Dewar and T. Teed), for 900,000 common shares and $20,000; subject to receiving regulatory approval. The Vendors retain 2% gross overriding royalty ("GORR") on any diamond production, of which Anglo Swiss may purchase 1% point for $1,000,000. A kimberlite "discovery bonus" is included by which the Company will pay to the Vendors 150,000 common shares for each new kimberlite discovered.
On behalf of the Board,
Len Danard, President & CEO
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)
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 24, 2005) - Anglo Swiss Resources Inc. (TSX VENTURE:ASW)(OTCBB:ASWRF)(BERLIN:AMO) has extended the expiration date of 5,180,000 warrants to September 29, 2005. The warrants were part of a private placement closed March 29, 2004. Each share purchase warrant now entitles the holder to purchase an additional common share for 15 cents until September 29, 2005.
On behalf of the Board,
Len Danard, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Anglo Swiss Resources Inc.
Len Danard
President & CEO
(604) 683-0484
(604) 683-7497
angloswiss@shaw.ca
www.anglo-swiss.com
Mining
