DGAP-News: Anglo Canadian Drills High Grade Copper at Princeton
ID: 33607
(firmenpresse) - DGAP-News: Anglo-Canadian Uranium Corp. / Key word(s): Miscellaneous
Anglo Canadian Drills High Grade Copper at Princeton
28.03.2011 / 17:54
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N E W S R E L E A S E
March 28, 2011
Trading Symbol: URA - TSX.V
Frankfurt: AU3
Anglo Canadian Drills High Grade Copper at Princeton
Anglo Canadian Uranium Corp. (TSX-V: URA) (the 'Company') is pleased to
announce the receipt of drill hole PT10-06 from the Princeton Copper / Gold
/ Palladium project located near Princeton, B.C. This hole is in close
proximity to holes 1&2 (previously released January 31, 2011) and is part
of a focused exploration program designed to target porphyry style
mineralization hosted by Triassic Nicola Group island-arc volcanic
assemblages and co-magmatic monzonite to diorite plutons at the Road and
West (1km west) surface showings. Results from the remaining nine (9)
holes will be released in Quarter 2.
Results from Hole PT10-06 are as follows:
From To Cu% Interval
106.50 109.00 0.444 2.50 | |
109.00 111.50 0.536 2.50 | |
111.50 113.80 0.362 2.30 | |
113.80 116.20 0.317 2.40 | 2 INT
116.20 119.00 0.308 2.80 | |
119.00 121.50 0.3 2.50 | |
121.50 124.00 0.01638 2.50 | |
dike
125.00 125.25 0.13121 0.25 1 INT |
125.25 125.50 0.11111 0.25 | |
125.50 125.75 0.226365 0.25 | |
125.75 126.00 2.372 0.25 | | |
126.00 126.25 0.34594 0.25 | 3 INT |
126.25 126.50 5.648 0.25 | | 4 INT
126.50 126.75 16.425 0.25 | | |
126.75 127.00 7.416 0.25 | | |
AverageHole PT10-06 was logged by Richard Culbert, P.Geo., Phd.
Grade %cu
0.71 (at)19.5m #1 INTERVAL 106.05-127.00
incl. 0.33 (at)17.5m #2 INTERVAL 106.50-124.00
and 4.08 (at)2.0m #3 INTERVAL 125.00-127.00
6.44 (at)1.25m #4 INTERVAL 125.75-127.00
Hole PT10-06, was drilled vertical (-90 ), between holes 1&2 (figure 4
below) and completed to a depth of 251 metres. The first drill hole of the
program, PT10-01, was drilled southerly at -45 and completed to a depth of
200 metres. The second drill hole, PT10-02 was collared about 50 m north of
PT10-01 and drilled northerly at -45 to a depth of 205.0 metres. Both
drill holes targeted the interpreted mafic volcanic-intrusive contact,
known to host copper and precious metal mineralization in the nearby Copper
Mountain deposit.
Hole PT 10-06 encountered Nicola group volcanics from 0 to 127 metres, with
a thin 2 m dike (Lost Horse) encountered from 127 to 129 metres. The
copper mountain diorite continues to the end of the hole at 251 metres.
Copper mineralization occurs over 19.5 metres starting at 106.5 metres. A
thin felsic dike at 124 to 125 metres was not assayed. This section also
contained anomalous amounts of nickel, cobalt and Molybdenum. A section
from 247 to 250 metres near the bottom of the hole ran 0.93%Cu.
The majority of holes drilled to date have demonstrated copper
mineralization characteristics including Nicola volcanics and sediments,
copper mountain intrusives, lost horse dikes, alteration and sulphides
similar to the Copper Mountain alkaline porphyry system.
The following is a summary of holes logged by David St. Clair Dunn. P.Geo.,
Phd:
'In summary, most of the core I logged was fine grained diorite intrusive
or Nicola volcanics, both with varying amounts of propylitic alteration,
minor pyrite and very minor chalcopyrite. This is what you would expect to
see 0.5 to 1.5 kilometres from a copper porphyry ore body. There were also
unaltered, post mineral felsic and lamprophyre dykes. More importantly,
there were two intersections of a highly altered granitic dyke: Hole 11B
126.9m-137.8m and Hole 12 114.2m-116.1m. These dykes contained abundant
pyrite and minor chalcopyrite in blebs, that is, not on fractures or in
stringers. These two dykes are probably part of the Lost Horse Intrusives
that are intimately associated with ore bodies in the Copper Mtn. mine. All
of this leads me to believe that the company is exploring too high in the
porphyry system and that there could be mineralized bodies similar to those
being developed at the Copper Mtn. mine at depth. Whether it is better to
just deepen some holes down to 1,000 metres or it is best to first carry
out deep penetration IP first is probably the critical question at this
point.'
The above results demonstrate the Road showing hosts important copper
mineralization and further drilling is planned to verify its' limits. The
company intends to complete a 3D-Induced Polarization survey in conjunction
with drilling to further define this exciting mineralization encountered
in the above section.
The company employs a QA/QC program that employs introduction of certified
analytical standards and blanks as well as secure sample chain of custody
of samples from drill to laboratory. Technical information contained in
this news release was reviewed by Jim Turner, P.Geo., and David St. Clair
Dunn, P.Geo., Phd, who are Qualified Persons as defined under National
Instrument 43-101.
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
Anglo Canadian Uranium Corp.
#530 - 355 Burrard St.
Vancouver, B.C. V6C 2G8
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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Datum: 28.03.2011 - 17:54 Uhr
Sprache: Deutsch
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