Thursday, 30 April 2009

Picking Gold From A Gold Mine

Anglo Swiss Resources Inc.
Basic Shares 130.2 million
Fully Diluted 150 million


Over the past two years Anglo Swiss has been busy rehabilitating its primary mine adit called the 257 level at its Kenville property just outside of Nelson BC. This mine consists of a number of kilometers of new track laid into the gold and mineral filled mountain. Now that the mine has been brought back to commercial standards from its fifty plus year slumber the company has been intent on exploiting existing and new gold vein structures.

Aiming a drill bit from ground level into a vein structure that pinches and swells 200 metres below is not an easy task. This is one of the challenges of exploration drilling. Anglo now plans to do its drilling from underground in the mine adit where it can see the gold veins intersect through the tunnels.

To ensure that Anglo puts the drill into the most opportune places, the company has been taking wall chip samples inside the tunnels with gold content reaching as high as 210.5 grams per tonne or 7.43 ounces.

There is a massive amount of historical data being reviewed on the underground portion of Kenville including underground mapping, old drill hole logs and reports. The goal of the company is now to use this historical information along with new exploration to put together a technical report (NI 43-101) that is a compliant gold mineral resource estimate pinning a value on this portion of Kenville.

Drilling is planned to start in early May. The company plans to drill 12 thousand metres underground plus some ground level in-fill drilling to identify the un-mined resource below the 257 level.