Anglo Swiss gets aggregate quarry permit (January 07, 2008)

Vancouver – Anglo Swiss Resources (ASW-V, ASWRF-O) has been granted a mine permit for quarrying operations on its Kenville project near Nelson, B.C.

The permit issued by the B.C. Ministry of Energy Mines and Petroleum Resources allows the company to operate a quarry at its Venango site where it plans to extract the waste granitic rock – from the historic Kenville gold operation – for use in the local aggregate market.

Operations will crush and screen the waste material, from past tunneling at the mine, into drain-rock-size product. Anglo Swiss’ wholly-owned subsidiary Kenville Sand and Gravel looks to initially process 6,500 tonnes of granite in preparation for the start of the spring construction season in the Nelson-Castlegar area.

The company’s recently refurbished milling facility at Kenville, adjacent to the Venango site, will process the rock. Anticipating a positive revenue stream from the operation Anglo Swiss plans expansion of its aggregate production targeting other waste rock dumps from previous mining on the property.

As part of the process – crushed fines will be evaluated for gold content as the granites contain quartz veinlets that likely carry some precious metal mineralization.

The Kenville mine operated from 1890-1954, producing about 65,000 oz. gold plus some silver from 183,138 tonnes of ore. The material also contained minor amounts copper, lead, zinc and tungsten.

Mineralization is hosted in a series of narrow northwest-trending quartz veins within a mafic to ultramafic intrusive complex. Veins contain pyrite, chalcopyrite along with minor amounts of galena, scheelite, sphalerite and some visible gold.

In the mid-1990s Anglo Swiss partnered with Teck Cominco (TCK.B-T, TCK-N) predecessor company Teck Corp – targeting the copper-gold porphyry potential at Kenville. After drilling a dozen holes totaling about 2,500 metres the major dropped its option.

Besides its gold projects in southeastern B.C., Anglo Swiss holds diamond exploration properties north of Yellowknife in the Northwest Territories.

Shares of the junior have recently traded at the 44-level with the stock having a 52-week trading range of 5-67.