Lac de Gras diamond properties
Project summary
Anglo Swiss has since June of 2005, positioned itself as the majority holder of significant claims of merit in under explored areas with unexplained kimberlite indicator mineral trains and/or kimberlite targets near known kimberlites and diamond mining operations.
The Company has three distinct projects covering over 90,000 acres which are the probable source areas for numerous unresolved KIM trains and include a known diamondiferous kimberlite with exploration commenced in February of 2006.
In light of the close proximity to producing diamond mines, the presence of numerous diamondiferous kimberlites and KIM's, management is of the opinion that these properties are highly prospective for the further discovery of diamonds. Anglo Swiss will continue to evaluate other diamond properties within the Lac de Gras/Slave Craton area that meet its acquisition criteria.
Exploration of the Fry Inlet Diamond Property commenced in February 2006 with a detailed airborne geophysical survey of the Fry Inlet Diamond Property. The results will define the next phase of exploration on the known diamondiferous kimberlites and potential anomalous targets. Exploration programs for the other three properties are currently being designed and budgeted for the year.
