DGAP-News: Anglo-Canadian Uranium Corp. : Princeton Phase One Drill Program Complete
(firmenpresse) - DGAP-News: Anglo-Canadian Uranium Corp. / Key word(s): Miscellaneous
Anglo-Canadian Uranium Corp. : Princeton Phase One Drill Program
Complete
08.03.2011 / 07:30
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March 8, 2011
Trading Symbol: URA - TSX.V
Frankfurt: AU3
Princeton Phase One Drill Program Complete
Anglo Canadian Uranium Corp. (TSX-V: URA) (the 'Company') is pleased to
announce the completion of holes 6 through 12 at the Princeton Copper /
Gold / Palladium project located near Princeton, B.C. These seven (7) holes
are designed to test the mineralization hosted by Triassic-Jurassic Nicola
Group island-arch volcanic assemblages and co-magmatic monzonite to diorite
plutons. All holes were located in the Company's Road project area, located
2 km south from the Copper Mountain Rifle and Oriole zones and in close
proximity to the Copper Mountain mill.
Each hole was drilled to a depth of 200 meters, with holes 6 through 8
being logged, split and sent for assay. Holes 9 through 12 are in the
process of being logged and split, and will be sent for assay upon
completion. The Company intends to re-commence the drill program upon
receipt of assays from all holes.
The majority of areas to be tested lie closest to the Copper Mountain
proposed superpit. Copper Mountain has recently signed debt financing
agreements for $322-million to continue the development and construction of
the proposed mine to produce 105 million pounds of copper per year by June,
2011.
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
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(at)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.
End of Corporate News
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114698 08.03.2011
Datum: 08.03.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 33399
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