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Gold/Mining/Energy : Anglo-Swiss (ASW-Montreal) Sapphire Discovery -- Ignore unavailable to you. Want to Upgrade?


To: paulc who wrote (26)2/3/1999 9:00:00 PM
From: paulc  Read Replies (2) | Respond to of 68
 
Anglo Swiss cuts first iolite gems

Anglo Swiss Resources Inc ASW
Shares issued 37,809,035 Feb 2 close $0.71
Wed 3 Feb 99 News Release
Mr. Len Danard reports
The iolite, garnets and other gemstones from the company's Slocan Valley
Blu Starr property were showcased at the recent Vancouver Investment
Conference and the BC and Yukon Chamber of Mines Cordilleran Roundup mining
and exploration conference. Positive response to the gemstones was
overwhelming.
The first iolite gems were cut by master gem cutters and designers Bruce
MacLellan of Mountain Gems Ltd., and Ken Dale of Rusty's Gems Ltd., who
stated that the iolite is among the finest they have ever cut. The cutters
both remarked on the superb blue-violet colour, excellent clarity, and
intense brilliance of the gems.
Several custom and unique designs were cut from top-quality rough garnet by
the same cutters. They remarked on the absolute uniform density of the
cranberry-red colour, ease of cutting, and especially the flash of pink
brilliance in the gems, similar to "pigeon's blood" ruby in effect. Two new
shipments of garnet and iolite have been returned from Sri Lanka and will
be added to the company's inventory of finished gems in preparation for
marketing. Additional shipments of gem rough are in progress. The company's
gems were recently shown privately to some of Vancouver's top jewelry
manufacturers, who were impressed with the colour and quality, and
expressed an interest in purchasing the finished gems.
During his recent keynote address at the Cordilleran Roundup, senior
regional geologist Tom Schroeter of the BC Ministry of Energy and Mines
recognized Anglo's recent gem discoveries as being of major potential.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com