DGAP-News: Anglo Canadian Intersects 102.72m of 0.138% Cu from Surface at Princeton Copper Gold Project
(firmenpresse) - DGAP-News: Anglo Canadian Mining Corp. / Key word(s): Drilling
Result/Drilling Result
Anglo Canadian Intersects 102.72m of 0.138% Cu from Surface at
Princeton Copper Gold Project
02.11.2011 / 16:27
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N E W S R E L E A S E
November 2, 2011
Trading Symbol: URA - TSX.V
Frankfurt: AU3
Anglo Canadian Intersects 102.72m of 0.138% Cu from Surface at Princeton
Copper Gold Project
Anglo Canadian Mining Corp. ('Anglo Canadian' or the 'Company') (TSX
Venture: URA) is pleased to announce the receipt of mineral assays from its
Princeton Copper Gold project located near Princeton, B.C. The Company
completed 6 holes at 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 Haul Road Zone, located
two kilometres south from the Copper Mountain Rifle and Oriole zones, and
in close proximity to the Copper Mountain mill.
Diamond drill hole Pr-11-18, drilled on Anglo Canadian's (the company's)
Princeton property, intersected 102.72 metres grading 0.138% copper from
surface. This hole is located in the Combination Zone on the company's
property approximately 22 km south of Princeton, B.C. and 4.0 km. south of
Copper Mtn. Mines Ltd. 36,000 tonne per day mill and mining operation. The
present cut-off grade at Copper Mtn.'s operation is 0.1% copper. Assay
results from this drill program are as follows:
Intersection (m) Length (m) % Copper
Pr-11-18 3.28-106 102.72 0.138
152-176 24 0.116
210-220 10 0.079
265-293 28 0.087
313-319 6 0.288
Pr-11-15 118-136 18 0.117
Pr-11-16 55-59 4 0.289
231-271 40 0.197
Pr-11-17 294-300 6 0.209
Pr-11-13 No significant Copper Values
Pr-11-14 No significant Copper Values
Pr-11-18 was drilled to 319 metres with the final assay being 0.336% copper
at the bottom of the hole.
Hole Pr-11-15 was drilled in the Haul Road Zone, located approximately 1.7
km. west of the Combination Zone. Pr-11-16 was drilled vertically
approximately 50 metres east of Pr-11-18. Hole Pr-11-17 was an extension of
Pr-11-6, which intersected 19.5 metres of 0.71% copper from 124 to 148.15
and 3 metres of 0.93% copper from 248 to 251 metres. This hole is located
approximately 50 metres east of Pr-11-16. This 70 metre extension was
drilled mainly in intrusive rocks.
Discussions with Copper Mtn. staff have led to the decision to drill future
holes at -50 , generally north, towards the copper mtn. intrusive / Nicola
Volcanic contact. Most historic drilling completed by the Company to date
has been vertical.
Four more holes, totaling 1,000 metres, are planned for this month. One
will be drilled near Pr-11-15 in the Haul Road Zone and three holes will be
drilled near Pr-11-18 in the Combination zone. The grid area hosting the
3D-IP/Mag survey covers 1 km by 2.5 km's and is the focal area of drilling.
The Company claims cover approximately 2200 hectares most of which adjoin
the Copper Mountain claims.
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 definedunder 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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144489 02.11.2011
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Datum: 02.11.2011 - 16:27 Uhr
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