January 15, 1999
Brilliant Future for B.C. Gemstones
At the request of the Montreal Exchange, Anglo Swiss Resources Inc. (ASW-M, ASWRF-OTCBB) has been asked to comment on the recent activity of the Company's shares on both stock exchanges.
The Company believes that the recent activity is due to the developments made on its gemstone property located in southeastern British Columbia. Anglo Swiss personnel have extracted over 100,000 carats of rough iolite from two one-tonne test samples (see news release Dec. 9, 1998) taken from outcrops one kilometer apart. The rough iolite crystal is undergoing final grading and blocking out for gem cutting, and the Company has shipped parcels of gem-grade rough to several cutting facilities to evaluate cut designs.
On Dec 14, 1998, the new iolite zones were examined by gemmologist/geologist Mr. Dave Barclay, who states in a letter to the company following the tour; "The two iolite zones that I was shown are most accurately described in your report of Dec. 9th released as a company news release on that date. The strata of iolite rich host have been very reasonably estimated as to size (width, length of strike, and a minimal depth)."
Additional shipments of large, flawless garnet rough have been sent for cutting in Sri Lanka, following an evaluation of the cutters and the cut designs. The company is currently building an inventory of finished gemstones prior to offering product for sale.
The Company has completed a private placement on December 31, 1998 of 200,000 Units at $0.50 for proceeds of $100,000. Each Unit consisted of one flow-through share, one common share and one share purchase warrant for one-year at $0.30.
Anglo Swiss will be displaying the new gemstones at the Vancouver Investment Conference Jan. 24 and 25, 1999 held at the Hotel Vancouver and will also attend the Tucson Gem Show in early February. The company has also recently been the focus of articles on gemstone exploration in BC by the Mining Review Magazine of the BC and Yukon Chamber of Mines, numerous recent articles by the Chamber of Mines of Eastern BC, an upcoming article in the National Jewelers Magazine of New York, and will soon be featured in a new BC Rock and Gem magazine. The company's website www.anglo-swiss.com is currently being updated and these articles will soon be available for viewing, along with photos of the gemstone deposits and a geological update. |
