Anglo Canadian Initiates Drill Program at Princeton Copper Project
(via Thenewswire.ca)
Anglo Canadian Uranium Corp. (TSX-V: URA) (the "Company") is pleased to announce the initiation of a 2500 meter drill program at the Company's 100% owned Princeton Copper Project located near Princeton, B.C. and in close proximity to the Copper Mountain Mining Corporation's producing Copper Mountain Project. Anglo Canadian recently completed a 3D IP / Magnetic survey covering 25 line km at the Princeton Project. This survey identified 3 new potential Copper targets. One of the targets indicated a high chargeability zone approximately 1.2 km long by 500 meters wide and carrying to a depth of more than 300 meters. This high chargeability zone is located in close proximity to a recent road cut exposure. These targets will be drill tested in 6 holes covering 2500 meters. Each hole is expected to be drilled to a target depth of between 350 meters and 500 meters, depending on mineralization encountered.
The Company has completed a number of programs designed to help in defining the drill locations. Since June of 2009, the following has been completed at the Princeton Copper Project; 25 km 3D IP and ground magnetic surveys, established baseline and completed road improvements, completed soil sampling program, and drilled several holes to test the mineralization hosted by Triassic-Jurassic Nicola Group island-arch volcanic assemblages and co-magmatic monzonite to diorite plutons. This next drill program will continue to assist in the definition of a potential resource.
The majority of areas to be tested lie closest to the Copper Mountain proposed superpit. Copper Mountain has recently started milling and stockpiling ore and is scheduled to produce 105 million pounds of copper per year starting in June 2011.
Recent road improvement work conducted by Copper Mountain Mining on roads transgressing the Company property has exposed some 100 meters of mineralization on the company's claims. Copper mineralization is present and samples are being sent for analysis. Copper Mountain Mining intends to use this road to haul copper concentrate to shipping facilities.
James Turner, P. Geo, is the qualified individual under NI 43-101 for the contents of this press release.
About Anglo -Canadian Uranium Corp.
Anglo Canadian Uranium is a junior mineral exploration company with uranium, copper, and gold properties in Quebec, Colorado, British Columbia, and Yukon. For more information on the Company and its projects, please visit the website at www.anglocanex.com
The Company has recently announced a name change to Anglo Canadian Mining Corp. pending TSX Venture Exchange approval.
ON BEHALF OF THE BOARD OF DIRECTORS
"Len J.Harris"
Len J. Harris, President
T: 604 669 6807 Toll Free: 866 488 3838
E: len@anglocanex.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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