To: Claude Cormier who wrote (35 ) 5/6/1999 11:28:00 PM From: paulc Respond to of 68
Anglo Swiss Resources Inc ASW Shares issued 37,809,035 May 5 close $0.31 Thu 6 May 99 News Release Mr. Len Danard reports Anglo Swiss Resources has started this year's gemstone exploration season on the Blu Starr property, in the Slocan Valley, southeastern British Columbia. Approximately 1,000 tonnes of high-grade iolite ore will be extracted and processed on site, upon final work permit approval and completion of a new access road in early May. Iolite is a unique gemstone, which like tanzanite, displays different colours when observed from different angles. An iolite gemstone will look violet-blue almost like a sapphire from one direction, clear as water from another, and a honey yellow from a third direction. Samples of gem-quality iolite and garnet were recently analyzed by Chemex Labs of North Vancouver, for whole-rock and multielement analysis. The whole-rock analysis will assist in defining the exact nature of the almandine-pyrope gem garnet, which is thought to be a new variety. The unusual colour and brilliance of the gems may be caused by a high chrome content, 0.09 per cent in the garnet and 0.05 per cent in the iolite. In addition, the garnet contains a substantial amount of rare-earths, most notably, yttrium at 548 parts per million. A microprobe analysis of the gems is currently being done by a major university which will further define the chemical characteristics of the gemstones. The company has staked another 37 claim-units contiguous to the Blu Starr property. A shallow-dipping horizon hosting the iolite has been intermittently traced for more than two kilometres along the base of the mountain in a north-south direction. This new area displays the same prospective geology that in addition to gem quality iolite, also hosts gem grade garnet, star-sapphire and several other gemstone crystals. The company's immediate goal is the continuing extraction of the North Rainbow iolite showing and establishment of a large proven resource of gemstones. The company is confident that with advanced geological modelling and detailed prospecting, many additional gemstone occurrences will be located this season. KENVILLE MINE UPDATE: Anglo Swiss Resources has recently signed a confidentiality agreement to allow a major mining company to perform initial due diligence on the Kenville gold mine, near Nelson, B.C. Recent work programs included diamond drill programs and approximately eight kilometres of grid established over the drill sites and surrounding areas. A 341 sample soil geochemistry program confirmed and extended the projected surface expression of the newly discovered Eagle vein gold-quartz vein system. A new zone of gold, silver, copper and molybdenum mineralization, at least 200 metres wide and a minimum of 800 metres in length, was discovered in a previously unexplored area of the property. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com