Anglo Swiss Resources Airborne Geophysics Completed on the LI-201 Diamondiferous Kimberlite, Fry Inlet Diamond Property, Lac de Gras, NWT.VANCOUVER, British Columbia -- Anglo Swiss Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ASW ASW Antisubmarine Warfare ASW Approved Social Worker ASW Application Software ASW a Small World (online community) ASW Art Supply Warehouse ASW Artificial Sea Water ASW Australian Standard White (wheat) )(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ASWRF)(BERLIN:AMO) is pleased to report that the initial stage of the 2006 exploration program consisting of a detailed airborne geophysical survey of the eastern portion of the 91,856 acre Fry Inlet Property has been completed. This portion of the Fry Inlet Diamond property (New Shoshoni Ventures - Option/JV release dated June 27, 2005) lies within the "Corridor of Hope" and the newly termed "Ekati Trend", some 50 kilometers north of the milling plant site at the Ekati Diamond Mine The Ekati Diamond Mine is Canada's first diamond mine. It is located near Lac de Gras at, km ( mi) north-east of Yellowknife, Northwest Territories, and about km ( mi) south of the Arctic circle. Ekati is a joint venture between BHP Billiton Diamonds Inc. . The eastern portion of the Fry Inlet Diamond property contains the LI-201 kimberlite, which was determined to be significantly diamondiferous during early stage exploration drilling performed in 1997 by Kennecott Canada Exploration Inc. Previous exploration utilizing older technology reported 8 geophysical anomalies on the eastern portion of the property; management is hopeful that present day technology will improve the rate of discovery of new kimberlites. Fugro Airborne Surveys Corp. of Mississauga, Ontario, acting as contractor for Anglo Swiss Resources, will now analyse the data and report results to the Company shortly. During the survey multi-channel electromagnetic and high-sensitivity magnetic geophysical measurements were taken approximately every 4 meters along the survey lines. A total of 1,695 line-kilometers were flown during this survey along parallel flight lines spaced 100 meters apart. The survey results will allow Anglo Swiss to select drill targets for the next phase of exploration. Anglo Swiss will continue to evaluate other diamond properties within the Lac de Gras/Slave Craton area that meet its acquisition criteria. Anglo Swiss is the majority holder of over 170,000 acres of claims of merit in under explored areas with unexplained kimberlite indicator mineral trains and/or kimberlite targets near known kimberlites and diamond mining operations. In light of the close proximity to producing diamond mines, the presence of numerous diamondiferous kimberlites and kimberlite indicator minerals, management is of the opinion that these claims are highly prospective for the further discovery of diamonds. The Company controls 4 distinct properties of merit as it works towards establishing itself towards the corporate goal of discovering a diamond mine within the Lac de Gras Lac de Gras is a lake approximately 300 km north of Yellowknife, Northwest Territories, Canada. Lac de Gras was the centre of the Canadian diamond rush of the 1990s. There are two working diamond mines in the area, Ekati Diamond Mine, and Diavik Diamond Mine. region. Corporate Website Updated The Company's website www.anglo-swiss.com has been redesigned to reflect the Company's mandate to discover the next diamond mine in the Lac de Gras region of the NWT. The site contains all of the projects the Company is currently involved in and offers a power point presentation, diamond brochure, maps, pictures,and reports etc. On behalf of the Board, Len Danard, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. The company relies on litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. protection for "forward looking" statements. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept repo nsibility for the adequacy or accuracy of this release. Anglo Swiss Resources Inc. (TSX VENTURE:ASW) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :ASWRF) (BERLIN:AMO) |
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