Montreal Exchange: ASW
OTC Bulletin Board: ASWC
On June 29, 1998 Anglo Swiss Resources Inc.(ASW-M, ASWC-OTCBB)
announced
the discovery of gem quality garnets in British Columbia. Ten stones,
displaying a variety of popular designs have been facetted and are now
being
sent to a gemologist for valuation. The finished gemstones all exceeded
1/2
carat or approximately 5mm. in size.
The Company currently has 2000 carats of rough gem quality garnet on
hand
for facetting. In order to reduce the cost of cutting these gemstones
locally, Anglo Swiss is researching international cutting facilities in
countries acknowledged for their expertise such as India, Sri Lanka,
Thailand
& Israel. Extensive extraction of the garnet deposit is continuing to
inventory garnet for further wholesale cutting. The Company plans to
initially
supply 1000 to 2000 carat parcels to selected facetting facilities to
evaluate
costs and quality of the facetting.
These gemstones were discovered on the Company's Blu Starr group of
claims located in south eastern British Columbia. This is the property
that
to-date has yielded rough star sapphires up to 250 carats in size and
other
gemstones such as aquamarine, beryl, tourmaline, titanite, moonstone and
several varieties of smoky, rose and star quartz.
Further prospecting and pan sampling of water courses on the 11,000
acre
property are being conducted to locate additional deposits of sapphire
and the
other gemstones.
For more information on the Company, please visit the website at
www.anglo-swiss.com
On behalf of the Board,
``Len Danard''
President & CEO
For further information: Anglo Swiss Resources Inc. (604) 683-0484, fax
(604) 683-7497 or Investor Relations - Comus Capital Group, (604)
684-5524,
Toll Free: 1-888-684-5524, Fax: (604) 684-5534