Resource World - BC Mining

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Ever since the Fraser River Gold Rush of 1858, British Columbia has had a distinguished history of mineral discoveries. While the Fraser stampede of 30,000 miners was short-lived, it played an important role in British Columbia becoming a colony of the British Empire and, eventually a province in 1871. Other rushes followed such as the Similkameen, Cariboo, Cassiar and Atlin gold rushes. This influx of placer gold miners eventually resulted in hard rock mineral exploration, and coupled with the old Vancouver Stock Exchange, established in 1906 to assist mineral explorers, the coastal city of Vancouver became the junior explora-tion capital of the world. Continued exploration in BC resulted in the discovery of major mineral deposits, some of which still have mines in production, such as the Teck Resources Highland Valley Copper Mine and Thompson Creek’s Endako Molybdenum Mine. Meanwhile, a number of proj-ects are in advanced stages such as the Copper Mountain Mine near Princeton that is being brought back to life. Other projects likely to be developed into mines include Galore Creek, Red Chris and Avanti Mining’s Kisault Molybdenum Project. Essentially, British Columbia has a variety of favourable geological environments, potentially hosting deposits of gold, silver, copper, zinc, lead, molybdenum, coal and sometimes several valuable metals combined in polymetallic deposits. The building of mines to extract these deposits has resulted in BC’s mining industry contributing substantial revenues to the province.

BritishColumBia

WILLIAMS LAKE

KITIMAT

VICTORIA

KELOWNA

CRANBROOK

KAMLOOPS

PowellRiver

CampbellRiver

Juneau

SEATTLE

PRINCE RUPERTTerrace

Fort St. John

Port HardyCALGARY

Dawson Creek

PRINCE GEORGE

Whistler

PembertonVERNON

100 Mile House

CacheCreek

Lillooet

Princeton

Fernie

ElkfordFortSteele

Sparwood

Creston

Nelson

TrailOsoyoos

Barkerville

WellsQuesnel

Vanderhoof

Mackenzie

Tumbler Ridge

Anahim LakeBella Coola

Houston

Smithers

NewHazelton

Bella Bella

Sandspit

QueenCharlotteCity

Stewart

Atlin

QUEEN

CHARLOTTE

ISLANDS

HopeVANCOUVER

NANAIMO

GrandForksTofino

Ucluelet

NakuspNewDenver

Kaslo

Kimberley

Golden

RadiumHot Springs Invermere

CourtenayComox

ALASKA(USA)

Clearwater

Blue

McBride

River

CastlegarOliver

Naramata

Penticton

erland

Logan Lake

Lumby

Salmon ArmSicamous

Chase

Armstrong

Revelstoke

Valemount

MountRobson

Clinton

Lytton

Hudson's Hope

Chetwynd

Fort St. JamesBurns Lake

Fort Nelson

Summ

Gre

enwood

Merritt

LAKE

LAKE

LAKE

LAKEATLIN

BABINE

LAKE

RIVER

CO

LU

MBIA

TH

OM

PS

ON

N O R T H

RI V

ER

FR

AS

ER

QUESNEL

PEACE

LIARD

RIVER

WILLISTON

TESLIN

LAKE

R I

V E

R

Goldridge

Pacific Ocean

Washington

Yukon Territory Northwest Territories

Alberta

Vancouver Island

British Columbia

The value of BC’s mineral commodity sales in2008 totalled $6.6 billion, or about 14% of provin-cial exports, including$545million indirect taxes togovernment.Thereareapproximately28,000workersemployedinBC’smineralsector,includingserviceandsupplyjobs. After over 150 years of exploration and miningactivity,onemightsupposealltherichmineraldepos-its have been discovered; however, that is not thecase. Each year bringsnewdiscoveries and someofthosediscoverieswillresultinminesbeing,planned,constructedanddeveloped.

While some areas in British Columbia have beenset aside as parks and protected areas, the provinceremains a mining-friendly jurisdiction. Vancouverboastsawealthofgeologicaltalent,miningengineeringexpertiseandisamajorcentreforexplorationandmineprojectfinancing.Manyexplorationandminingcompa-nieshavesignedagreementswithFirstNationsbandsthatwillbenefitboththecompaniesandthebands. Withover 12,000knownmineral showings,pros-pects,pastandproducingmines,BritishColumbia’smineral explorers can look forward to a lucrativefuture.

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Anglo-Canadian Uranium Corp.[URA-TSXV;AU3-Frankfurt]isexplor-ingmineralpropertiesinBritishColumbia,Québec,andtheUS.In

BritishColumbia,itsflagshippropertyisthePrincetonCopperProject,locatednearthetownofPrinceton,southwestBC.URArecentlycompletedaPhaseIexplorationprogramattheprospect,favourablysituated1,500metressouth-southeastoftheCopperMountainMiningPit#3,whereitiscurrentlybuildinga35,000tonne-per-daymineandmillscheduledforproductioninJune2011.Anglo-Canadian’sexplorationcomprisedestablishingabaseline,handtrench-ingatsixmineralizedshowingsaswellasroadimprovements.Chipandgrabsamplesgradedupto2.71%copper,1.145gramsgold/tonne,7.7gramssilver/tonneand77ppmmolybdenum.PhaseIIworkwilldefinetrenchinganddrill-ingtargets.URAisalsoexploringitsStirrupgoldprospectnearClinton,BC.

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Commerce Resources Corp. [CCE-TSXV; Frankfurt D7H-FSE] spe-cializesintheexplorationanddevelopmentofraremetalsandrare

earths.ItsmostadvancedprojectistheBlueRiverpropertynorthofKamloops,southernBritishColumbia.TheUpperFirtantalumandniobiumdepositattheBlueRiverProjecthostsindicatedresourcesof7,384,000tonnesgrading217gramsTa

2O

5 (tantalum)and1,202gramsNb

2O

5 (niobium).This represents

3,533,000poundsoftantalumand19,568,000poundsofniobium.Commerceis exploring the earlier stageCarbo claimsnortheast of PrinceGeorge, BC.During2006-2007,thecompanyconductedrockandsoilsampling,andgeo-physicalsurveys.Resultsshowedhighlyanomalousconcentrationsofniobiumandrareearthelements.In2009,Commercefarmedouta75%interestintheCarboclaimstoCanadianInternationalMinerals.

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Grizzly Discoveries Inc. [GZD-TSXV] is focused on exploring goldandbasemetalprospectsinBritishColumbiaaswellasdiamonds

and industrial minerals in Alberta. The company has five precious metalprojects in BC encompassing over 175,000 acres. A $500,000 explorationprogramhasjustbegunontheGreenwoodGoldProjectinsouth-centralBC.Theworkincludesapproximately1,200metresofdiamonddrillingattwotar-getareas–theSapphoandCopperMountainzones.SamplingattheCopperMountainZonehasreturnedassaysrangingfrom9.41to99.6gramsgold/tonneandup to19.7gramssilver/tonnewithbasemetalcredits.Samplingthe Sappho Zone returned up to 27.1 grams platinum/tonne, 1.49 gramspalladium/tonne, 75.3 grams silver/tonne, 0.64 grams gold/tonne and8.28%copper.

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4 Avanti Mining Inc. [AVT-TSXV] is advancing its core asset, theformerlyproducingKisaultMolybdenumProjectinnorthwestCoastal

BC.Located140kilometresnorthofPrinceRupert,theprojecthasaNI43-101compliantprefeasibiltystudycompletedbyindependentconsultantWardropEngineering. Proven and probable reserves stand at 215.3 million tonnesgrading 0.085% Mo. Mine life would be 15 years, producing 24.5 millionpoundsper yearofmolybdenum.Theprojecthaspower-gridutility aswellasocean and road access.Cashoperating costs are estimated tobe$4.43per pound of Mo. Avanti recently engaged AMEC to prepare a feasibilitystudy for the KisaultMine,whichwill advance the project to the financingand construction decision stage. The study should be completed byOctober2010.

Brian Testo, President, Chief Executive Officer, and Director

Craig J. Nelsen, President, CEO, and Director

Barkerville Gold Mines Ltd. [BGM-TSXV] recently beganunderground gold mining operations in the West Zone at

itsQRMine south-east ofQuesnel, central BC. The company’s 900tonne-per-day mill is located immediately above the QRMine. It isthecompany’sobjectivetoachieve50,000ouncesofgoldproductionfromtheQRMineanditsBonanzaLedgeopenpitminenearWells/BarkervilleeastofQuesnel,BC.BarkervilleGoldMinesownsthemin-eralrightscovering1,065squarekilometresinthehistoricBarkervilleGoldCampwhichhasrecordedgoldproductionof3.8millionounces,including an estimated 2.64million ounces fromplacermining and1.23 million ounces from lode mining. Planning is under way for adevelopmentdrillingprogramattheNorthZoneattheQRMine.

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Paget Minerals Corp. [TSXV-PGS]signedajointventureagree-mentwith Richfield Ventures Corp. [TSXV-RVC]toexplorethe

NechakoBasinincentralBC.Numeroushistoricgoldshowingsonthe74,000hectares,held100%byPagetandRichfield,provideimmediatetargetsforfieldassessmentwithaviewtorapidlyadvancetodrillstageforthe2010explorationprogram.Eachcompanycontributed$500,000tothejointventurefortheinitial2010fieldseasonwithaminimumof2,000–2,500metresofdrillingplanned.Pagetalsoholdsclaimblocks(100% owned) throughout central and northern BC, including theMt.Dunn,Whitesail,JLN/ChistCreekpreciousandbasemetalproper-ties;theMt.Bissonrareearthproperty;andtheLacDodagoldprojectintheAbitibiBeltofwesternQuébec.

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Christopher James Gold Corp.[CJG-TSXV]hasalargeportfolioofprospectivegoldprojectsinBritishColumbiaandNevada.

The company has carried out exploration programs on its Big Kidd,Craigmont,BrassieCreek,andLittleFortProjects,allinsouthernBC.InNevada,thecompanyhassixjointventurepropertiesandhassignedaLOIwithChesapeakeGoldCorp.toacquire100%oftheTalapoosaepithermalgoldprojectinNevada.CJGCwillalsoacquiretheLaCeciliapropertyinSonora,MexicoaspartofthedealwithChesapeakeGoldCorp.Thecompany’ssharesarehalteduntilapendingthecompletionofthetransaction,thedeadlineforwhichisApril30,2010.

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Anglo-Swiss Resources Inc. [ASW-TSXV; ASWRF-OTCBB;AMO-Berlin]hasbeenactivelyexploring the150squarekilo-

metre Nelson Mining Camp in southeast British Columbia, whichincludes its formerlyproducingKenvilleGoldMine.Thepropertyhasneverbeensubjectedtolarge-scalesystematicexplorationusingmod-ern techniques. The 2010 exploration program is expected to exceed$3,000,000.Itsgeotechnicalteamhasreviewedresultsofaninitialair-bornegeophysicalsurveyandidentifiedtwolargeanomalieswithinthecamp.AnewMAG/EMgeophysicalairbornesurveywillcovertheentirepropertygroupandassistinidentifyingpotentialmineralizedbodiesandindelineatingtheextentoftheknownmineralizedsystems.AngloSwisshasselectedthefirstsixsurfacedrillsitesfortheirproximitywithinthetwoanomaliesidentifiedbytheearliersurvey.DrillingbeganearlyMay.

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FOR MORE INFORMATION ON ANY OF THESE COMPANIES, VISIT: www.resourceworld.com/investor/

TSXV: GZD

EMAIL ir@grizzlydiscoveries.com

Anglo Swiss Resources exploring the 150 square kilometre Nelson Mining Camp

• A VTEM airborne completed in February of 2010 has identified two separate NNE trending conductors both striking in excess of 3km

• Mineralization is expected to contain zinc, lead, copper, silver with the +/- gold enrichment

• This property has never been subjected to large-scale systematic exploration using modern techniques. A second state of the art airborne magnetic and electromagnetic survey consisting of Aeroquest’s AeroTEM III system completed in May of 2010

• This survey collected approximately 2,667 line kilometers of high-resolution data and provide complete coverage of the property

• Extensive surface diamond drilling program initiated in May of 2010.

• The Nelson Mining Camp is located along the Silver King Regional Shear zone which is host to numerous historical gold, silver and poly-metallic mines near Nelson, British Columbia

• The Nelson Mining Camp also hosts the 100% owned Kenville Gold Mine which is located at the northern boundary of the Camp.

www.anglo-swiss.com

TSXV: ASW OTCBB: ASWRF

M I N I N G I N C.

TSXV: AVT

Discover the Avanti Advantage Today!

High Grade Deposit Makes Avanti’s KitsaultMine Development One of the “Top-5 Undeveloped

Primary Molybdenum Assets – Worldwide”

Contact: Tom Corcoran, IR Manager Email: tcorcoran@avantimining.com

Toll Free: 1 (877) 249-0640 www.avantimining.com

FOR MORE INFORMATION ON ANY OF THESE COMPANIES, VISIT: www.resourceworld.com/investor/