Anglo Canadian Completes First Diamond Drill Hole at Princeton Copper / Gold / Palladium Project
Dec. 16, 2010 (TheNewswire.ca) --
Anglo Canadian Uranium Corp. (TSX-V: URA)(the "Company") is pleased to announce the completion of the first hole at its 100% owned Princeton Copper / Gold / Palladium Project located near Princeton, B.C.
Hole One - DDH PR10-01
The first drill hole of the program, PR10-01, was drilled southerly at -45° and completed to a depth of 200 metres. It was designed to test the extent of copper mineralization beneath a monzonite outcropping containing chalcocite, chalcopyrite and malachite that returned assays of 0.3% Cu, 0.03 g/t Au and 2.9 g/t Ag.
From 3.3 to 40.0 metres the hole intersected fractured, altered and locally brecciated volcanic rocks of the Nicola Group. In this interval copper mineralization occurs as fracture-controlled malachite staining associated with disseminations of chalcocite, chalcopyrite and bornite in strongly brecciated, bleached and altered volcanic rocks.
Field supervision of the drill program is under the direction of Dasha Duba, MSc. 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 prepared under the supervision of Dasha Duba, MSc and has been reviewed by Warner Gruenwald, P.Geo who is a Qualified Person as defined under National Instrument 43-101.
Management is strongly encouraged by the initial mineralization encountered in the drill hole, and looks forward to continued positive results from the 5000 meter drill program. A detailed map outlining the location of this drill program is available on the Company web site.
The majority of areas to be tested lie closest to the Copper Mountain proposed super pit. Copper Mountain has recently signed debt financing agreements for $322 million to continue the development and construction of the proposed mine to produce 105 million pounds of copper per year by June 2011.
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
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@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.
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