Thursday, January 20, 2011 2:24:20 PM
announce the resumption of drilling at the Company's Copper / Gold /
Palladium Project located near Princeton, B.C. The Company recently
completed its Phase One drilling program and due to encouraging results
from this program has initiated Phase Two. Drilling will resume on the
Company claims located on the southeast flank of the copper mountain
proposed super pit. In both drill holes PT10-01 and PT10-02 from the
initial drill program, copper mineralization characteristics including
host-rock types, brittle deformation, alteration assemblages and
sulphide and oxide mineralogy is believed to be similar to the Copper
Mountain copper-precious metal porphyry system. All drill core has been
sent to AcmeLabs in Vancouver, B.C. Assay results from these two holes
are expected to be released in Quarter 1.
The first two new holes of Phase Two will be drilled to extend the
mineralized zone discovered in holes # 1 and #2 of the initial
drilling. The area to be drilled lies approximately 2.5 km south /
southeast of the Copper Mountain Oriole and Rifle zones, on the contact
between the Nicola Group Volcanics and the Copper Mountain Stock
Intrusive.
The majority of areas to be tested lie closest to the Copper Mountain
proposed superpit. 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.
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:
It's all happened before and it will all happen again. Might as well profit from it.
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