Anglo Swiss Resources-Corporate Update-Diamond Indicator Minerals.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)(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ASWRF)(BERLIN:AMO) has issued this release in response to the numerous shareholder queries regarding the indicator mineral results from the McAllister lamproite pipe announced on March 4, 2005. The Company is very pleased that numerous indicator minerals were found in the first sample, weighing only 840 grams (1.85 lbs.). The sample yielded 5 chromites, 98 clinopyroxenes, 75 olivines, 269 orthopyroxenes and nil garnets. Generally indicator minerals for diamond include, in order of decreasing significance: garnet, chromite chromite (krō`mīt), dark brown to black mineral. It is an iron-chromium oxide, FeCr2O4, with traces of magnesium and aluminum. , ilmenite ilmenite (ĭl`mĕnīt), black mineral, iron titanium oxide, FeTiO3, crystallizing in the hexagonal system. It is sometimes found as tabular hexagonal crystals but occurs more commonly as small grains in igneous and metamorphic , clinopyroxene clinopyroxene Any variety of the mineral pyroxene that crystallizes in the monoclinic system. Diopside and augite are clinopyroxenes. , olivine, and zircon. Different indicator minerals are more important for kimberlite and others for lamproite. Management's research indicates that garnets are not a common indicator in lamproites. Based on the high count of indicator minerals in the first sampling of the McAllister pipe, additional sampling will be undertaken as soon as snow conditions permit. This program will initially involve extensive sampling from at least three locations, which will be sent to three accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. labs for analysis. Drilling, trenching and bulk sampling will be part of a comprehensive exploration program currently being designed on the 31,000 ha. property. A second 24kg. sample from the McAllister lamproite was mistakenly examined for diamond content only, not indicator minerals, and there were no microdiamonds observed; which is not surprising due to the size of the sample. During the bulk sampling stage of a pipe, diamond grades are usually referred to as "carats per hundred tonne" and an overall grade of less than 1 carat/tonne is common. The weight of one carat equals 5 grams, one tonne of ore equals 1,000,000 grams. The Company believes that a second diatreme diatreme A volcanic pipe, filled with breccia, formed by a subterranean gaseous explosion. See illustration at batholith. has been identified approximately 4 kilometres from the McAllister lamproite pipe, which suggests that a cluster of pipes may be present in the area. Additional work is needed and warranted on this exciting discovery and a comprehensive exploration program is currently being designed by W.G. Timmins, P.Eng & G.C. Macdonald, P.Geo. Both are qualified persons by NI43-101 definition, and are familiar with exploration for and experienced in discovery of diamond bearing kimberlite diatremes in the Northwest Territories. Please visit our website at "www.anglo-swiss.com/main/properties/mcallister_pipe_reports.htm" to view photos of this surface lamproite pipe and for more information on diamond exploration. There are various stages in diamond exploration. The following is a very brief and general guideline: 1. Survey of the area using airborne geophysics or regional indicator mineral sampling to find magnetic anomalies or indicator mineral trails that may lead to a kimberlite/lamproite pipe. 2. Extensive ground magnetic, indicator mineral sampling, drilling and trenching of the defined prospective target area. 3. Discovery of a kimberlite/lamproite pipe/dike. Then numerous sampling over its area for distribution of indicator mineral composition and possibly micro-diamond content. (Anglo Swiss will be implementing this stage on the McAllister lamproite pipe as soon as weather permits.) 4. If sampling then yields promising micro-diamond content, bulk testing of the pipe to assess the grade, distribution and value to extrapolate potential grade of commercial-sized diamonds. 5. If values and tonnage are promising then pre-feasibility study and more drilling, delineation drilling, geotechnical drilling and more bulk sampling towards tonnage, grade and value estimates. 6. Feasibility and environmental studies, permitting and mine planning. 7. Construction and mining. 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 responsibility 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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