DGAP-News: Anglo Canadian Uranium Corp. Announces Geophysical Survey produces Positive Results at Princeton Copper / Gold Project
(firmenpresse) - DGAP-News: Anglo Canadian Mining Corp. / Key word(s): Interim
Report/Interim Report
Anglo Canadian Uranium Corp. Announces Geophysical Survey produces
Positive Results at Princeton Copper / Gold Project
08.06.2011 / 15:19
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TSX.V-Symbol: URA
June 7, 2011
Anglo Canadian Uranium Corp. Announces Geophysical Survey produces Positive
Results at Princeton Copper / Gold Project
Anglo Canadian Uranium Corp. (TSX-V: URA)(the 'Company') is pleased to
announce the completion of a 25 line kilometer 3D IP&ground magnetic
survey at the Princeton Copper / Gold Project located near Princeton, B.C.
Both surveys were conducted with 100 meter spacing and stations at 12.5
meter intervals. This area lies contiguous with the Copper Mountain Mining
(TSX:CUM) claims, and is located 2.5 km from the proposed superpit within
the Copper Mountain project area. The data is being evaluated and an
interpretation report is expected prior to the end of the second quarter.
The purpose of these surveys is to identify potential drill targets within
the survey area. Other areas of the Company's large land position will be
the subject of geophysical surveys in the future. The surveys were
conducted by S.J. Geophysics Ltd. of Delta, B.C., and were previously
announced on April 11th, 2011.
A limited E.M. survey was conducted over the area drilled last fall and
this spring. This will also be evaluated and new drill targets established.
Preliminary interpretation of the IP chargeability and resistivity
inversions show chargeable anomalies on three areas of the grid. The
largest and strongest is on the western portion of the grid and has
dimensions of approximately 1.2 km x 500 m and is chargeable from surface
to about 250-300m depth. There are coincident resistivity and magnetic
anomalies in this area. Volcanics and sediments containing disseminated
pyrite, pyrrhotite and chalcopyrite are mapped here. The newly constructed
road showing described below occurs here.
A second anomaly occurs coincident with the drill section in which hole No
6 occurs. The chargeability anomaly extends to the north towards Copper
Mountain's Reifel Zone. In 3D, the anomaly trends under an intrusive sill
that is mapped there.
A third chargeability anomaly occurs on the south-eastern part of the grid.
These anomalies represent areas of disseminated sulphide mineralization and
might be copper ore bodies similar to those at the Copper Mtn. mine. The
company plans to drill test these anomalies.
The results of the EM survey are not available at this time.
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.
David S. Dunn, P. Geo, is the qualified individual under NI 43-101 for the
contents of this press release.
About Anglo -Canadian Uranium Corp. (TSXV:URA)
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
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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127923 08.06.2011
Datum: 08.06.2011 - 15:19 Uhr
Sprache: Deutsch
News-ID 34342
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