Anglo Swiss Stakes Additional Gem Ground Cancels Private Placement.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) has acquired an additional 32 mineral claim units to add to the 28 mineral claim units staked in July of this year. The Company now controls in excess of 3700 acres in the Nelson Mining District. The Units are the McAllister, Pipe, K1, K2, K3 and K4; three of the six claim units are contiguous. Anglo Swiss has been exploring for gemstones in South-eastern British Columbia since 1995 and has discovered numerous showings of star-sapphire, iolite, and gem-garnet on the Blu Starr property in the Slocan Valley. The Blu Starr also hosts a large flake-graphite showing, exposed along a logging road for 2 kilometers. The recent discoveries of emerald, sapphire, opal and the emergence of the diamond industry throughout Canada have greatly advanced investor acceptance of the potential of Canadian gemstones. The Blu Starr Gemstone property is located in the Slocan Valley, South-eastern British Columbia. The property consists of 6200 hectares (15,312 acres) of mineral tenure rights plus an additional 650 hectares (1606 acres) of placer mineral rights contained in 13 placer claims. Exploration to-date on less than 10% of the claim group has yielded dozens of gem outcrops at surface. The Sapphire Hill Zones 1, 2 and 3 from east to west, occur along a strike length of almost 2 kilometres. The property hosts numerous occurrences of sapphire (15), iolite or gem-cordierite (11), gemstone quality garnet (2), as well as a flake graphite deposit; other minerals include aquamarine (beryl), tourmaline, titanite ti·tan·ite n. See sphene. , moonstone moonstone, an orthoclase feldspar, found in Sri Lanka, Myanmar, and Madagascar (and formerly in the St. Gotthard district of Switzerland). In spite of its pronounced cleavage, it is widely used as a gem. and several varieties of quartz crystals. Previous exploration has confirmed that the geological setting and potential gem grades (carats per tonne) of the numerous showings are extremely promising. Proposed 2004 work programs have been submitted on the Blu Starr property; W.G. Timmins, PEng, and Derek Strickland, PGeo, both qualified persons as defined by National Instrument 43-101, will supervise the project on behalf of the Company and act as independent outside consultants. Any gemstones recovered from this program will be assessed for their possible value by independent, qualified evaluators. Anglo Swiss Resources Inc. has cancelled the non-brokered private placement for four million units at 10 cents each, announced in a news release dated August 11, 2004. The Company currently has sufficient funds on hand to meet its ongoing obligations. 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. 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 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 reponsibility for the adequacy or accuracy of this release. |
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