DGAP-News: Anglo Canadian Completes Two Additional Mineralized Drill Holes in High Chargeability Target Area
(firmenpresse) - DGAP-News: Anglo Canadian Mining Corp. / Key word(s): Drilling
Result/Drilling Result
Anglo Canadian Completes Two Additional Mineralized Drill Holes in
High Chargeability Target Area
06.10.2011 / 16:52
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N E W S R E L E A S E
October 5th, 2011
Trading Symbol: URA - TSX.V
Frankfurt: AU3
Anglo Canadian Completes Two Additional Mineralized Drill Holes in High
Chargeability Target Area
Anglo Canadian Mining Corp. (TSX-V: URA) (the 'Company') is pleased to
announce the completion of holes 14 and 15 at its Princeton Copper Gold
Property located 22 km south of Princeton B.C. The property adjoins the
Copper Mountain mine along its southern boundary and lies close to the
proposed Super Pit. These recent drill holes are focused on the first of
three high chargeability areas within the property.
Drill Hole Summary
Drill Hole 11-PR-14 was collared 500 meters east of hole # 11-PR- 13. This
hole cut 505 meters of altered Nicola Volcanics with 2% to 5% pyrite and
chalcopyrite, occasional one to six meter diorite dykes and two larger
crowded feldspar porphyry dykes. Alteration ranges from moderate propylitic
to potassic alteration in the form of pervasive secondary biotite.
Drill Hole 11-PR-15 was collared 230 meters north west of hole # 11-PR-13.
This hole was mineralized from near surface to 270 meters. The hole cut 270
meters of mixed Nicola Volcanics and sediments. Within the package of
rocks are altered ( sericite, potassium feldspar and secondary biotite)
mineralized rocks. This hole also cut three mineralized sections of 52
meters (16 - 68 meters) 14 meters (72 - 86 meters) and 156 meters (114 -
270 meters). Mineralization consists of pyrite, pyrrhotite, chalcopyrite,
chalcocite and bornite. Some argillaceous sections contain a high
percentage of pyrite and pyrrhotite with fine grained chalcopyrite and
trace specularite. They also contain thin sulphide veinlets containing
chalcopyrite.
Both holes have been logged, split and shipped for analysis to Acme Labs in
Vancouver. Assays will be reported when received.
Drilling continues to focus on areas in close proximity to the Copper
Mountain open pit mine, which recently shipped its first shipment of
concentrate to Japan.
The company employs a quality assurance/quality control 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 David St.
Clair Dunn, qualified persons as defined under National Instrument 43-101.
About Anglo Canadian Mining Corp.
Anglo Canadian Mining is a junior mineral exploration company with copper,
gold and uranium 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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