Anglo Canadian Stakes Four Yukon Gold Properties
Date : 07/15/2009 @ 8:30AM
Source : MarketWire
Stock : Anglo Canadian Uranium Corp. (URA)
Quote : 0.115 -0.015 (-11.54%) @ 2:30PM
Anglo Canadian Stakes Four Yukon Gold Properties
VANCOUVER, BC -- (Marketwire)
07/15/09
Anglo Canadian Uranium Corp. (TSX-V: URA)
(FRANKFURT: AU3) announces it has acquired, by staking, a 100% interest in
four separate claim blocks in west-central Yukon Territory, in the general
area of Underworld Resources Inc.'s new White Gold discovery.
Anglo Canadian's claim blocks cover approximately 2,800 hectares in 130
claims. The claims were selected to cover reported historic gold
occurrences in a similar geologic setting that is present at the White Gold
property. This area of the Yukon has recorded gold production exceeding 10
million ounces, from the well known Klondike District.
At the Armenius property, government records report that an 18 metre quartz
vein is exposed on the ground. According to historic but unconfirmed
reports, selected samples collected in the early 1900s from a hand pit
graded over 300 g/t gold. This property lies approximately 50 km north of
the Underworld Resources White Gold property.
The Dago Hill property consists of 78 claims and is underlain by graphitic
schist and quartz-muscovite schist, with lesser quartzite, ultramafics and
volcanics of the Yukon Tanana Terrane. The Dago Hill property lies
approximately 70 km north-northwest of the Underworld Resources White Gold
property.
The other two properties are located at Henderson Creek, 10 km northeast of
Underworld's White Gold property. The properties cover prospective geology
in a well-known active placer gold mining area.
"We are pleased to have acquired a 100% interest in such prospective ground
for staking costs," said Len Harris, President and CEO of Anglo Canadian.
"Our properties are appealing on their own merits, and being in close
proximity to Underworld's new discovery and one of the world's largest gold
producing areas enhances their value. We are mobilizing exploration crews
to collect additional data to help plan for a drilling program later this
year."
Historical results contained in this press release are based on data and
reports from previous exploration programs. The Company has not completed
the work necessary to have the historical results verified by a Qualified
Person. The property will require considerable future exploration which the
Company and their consultants intend to carry out in due course.
Harmen Keyser, P.Geol. (NWT), an independent consulting geologist, is the
qualified person responsible for NI 43-101 compliance in this news release.
As consideration of a 100% interest in these claims, the Company has paid
Cdn $125,000 to the staker. These claims were acquired by bill of sale.
This acquisition and fee are subject to TSX Venture Exchange approval.
About Anglo-Canadian Uranium Corp.
Anglo Canadian Uranium is a junior mineral exploration company with
uranium, copper, and gold properties in Quebec, Colorado, Utah, New Mexico,
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"
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.
Len J. Harris
President
T: 604 669 6807
Toll Free: 866 488 3838
E: len@anglocanex.com
