Topic: How To Invest

Hi Pat: What’s your opinion on Anglo Swiss Resources?

Article Excerpt

Anglo Swiss Resources, $0.25, symbol ASW on Toronto (Shares outstanding: 141.1 million; Market cap: $35.3 million, www.anglo-swiss.com), aims to build a mine at its 100% owned Kenville gold property near Nelson, in southeastern B.C. The company is also earning a majority interest in the 160-square-kilometre Nelson mining camp, south of the Kenville property. Both the Kenville property and the Nelson mining camp have produced gold in the past. In 1994, Anglo Swiss entered into an exploration agreement with Teck Corporation (now Teck Resources) on the Kenville property. Teck conducted two drilling programs, as well as other exploration work, in 1995 and 1996. Teck later dropped its option to acquire an interest in the mine. Anglo Swiss is now conducting a drilling program to outline new resources at Kenville. It hopes to combine these new resources with historic drilling data to justify a feasibility study on a mine. There is already considerable mining infrastructure, including a crushing complex, buildings, road access and…