Friday, 5 October 2007

Anglo Swiss Breathes New Life Into Historic B.C. Mine

Anglo Swiss Resources announced it retained Insight Geophysics to evaluate the Kenville Mine property and that it has found promising new drill locations to pursue.

Specific historical technical information is available, click here to read the full news release. What we think is of importance includes:

· The past records of production valued at today’s commodity values.
· The fact that drilling as recently as 1995 showed significant grades indicates that this old mine is once more a worthy prospect.

Roughly 181,295 tonnes of various ores were mined between 1890-1954. Most of what was found had no value back then but in today’s world there is value to what used to be a by-product of mining for gold.

Throughout this mine's history, gold, silver, lead, zinc, copper and cadminium - worth over $53 million in today's prices - were extracted.

Twelve drill holes were completed by Teck Exploration between 1995 and 1996, showing that with today's prices, there were sufficient quantities of gold, copper, silver and molybdenum to warrant further exploration.

Past drill holes proved one area held the right stuff, but Anglo Swiss has new information showing far better targets and company officials are keen to commence drilling by mid October in hopes of putting a new shine on this old mine's long tradition.