DGAP-News: Anglo Canadian Initiating 3D IP Survey at Princeton Copper / Gold / Palladium Project
(firmenpresse) - DGAP-News: Anglo-Canadian Uranium Corp. / Key word(s): Contract/Study
Anglo Canadian Initiating 3D IP Survey at Princeton Copper / Gold /
Palladium Project
12.04.2011 / 14:02
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N E W S R E L E A S E
April 11, 2011
Trading Symbol: URA - TSX.V
Frankfurt: AU3
Anglo Canadian Initiating 3D IP Survey at Princeton Copper / Gold /
Palladium Project
Anglo Canadian Uranium Corp. (TSX-V: URA) (the 'Company') is pleased to
announce the signing of a contract to conduct a 3D Induced Polarization
and Magnetic survey at our Princeton Copper / Gold / Palladium project
located near Princeton, B.C. SJ Geophysics of Delta, BC will conduct the
survey, which will consist of a minimum of 25 line kilometres. This area
lies contiguous with the Copper Mountain Mining claims, and is located 2.5
km from the Oriole zone within the Copper Mountain project area. SJ
Geophysics will also conduct an experimental EM survey over the area
drilled by the Company. The survey is part of a focused program to test
the mineralized contact with volcanics and the Copper Mountain intrusives.
This contact zone hosts most of the mineralization found elsewhere in the
Princeton area and is most prominent on the Copper Mountain Project. This
IP, Mag and EM survey will provide more insight on the location of the
contact zone which hosts the majority of the mineralization.
The survey is designed to investigate alkaline porphyry style
mineralization found on a drill section which includes holes PT10-01, 02
and 06, as previously reported on January 31 and March 28, 2011. Hole
PT10-06 produced a high grade section of 2.0 metres of 4.08 % Cu at a depth
of 125 metres and 0.71 % Cu over 19.5 metres in a vertical hole; and Holes
1 and 2 produced 50 metres of 0.154 % Cu and 47.5 metres of 0.18% Cu
respectively. These results demonstrate the Road showing hosts important
copper mineralization and further drilling is planned to verify its'
limits.
Recent results announced by Copper Mountain Mining indicate the porphyry
system carries to depth and hosts thicker intervals and higher grades of
copper. Copper Mountain uses a 0.15% Cu cut-off, and has reported
518,600,000 tonnes grading 0.31% Cu for a Measured and Indicated Cu
Resource of 3,226,000,000 pounds, and has 390,700,000 tonnes grading 0.23%
Cu for an Inferred Cu Resource of 1,758,200,000 pounds.
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,
P.Geo., 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 thepolicies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
End of Corporate News
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119501 12.04.2011
Datum: 12.04.2011 - 14:02 Uhr
Sprache: Deutsch
News-ID 33761
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