Anglo Canadian Uranium Corp. (TSX-V: URA) (the "Company") is pleased to
announce the receipt of drill hole PT10-06 from the Princeton Copper /
Gold / Palladium project located near Princeton, B.C. This hole is in
close proximity to holes 1&2 (previously released January 31, 2011) and
is part of a focused exploration program designed to target porphyry
style mineralization hosted by Triassic Nicola Group island-arc
volcanic assemblages and co-magmatic monzonite to diorite plutons at
the Road and West (1km west) surface showings. Results from the
remaining nine (9) holes will be released in Quarter 2.
Results from Hole PT10-06 are as follows:
Hole PT10-06 was logged by Richard Culbert, P.Geo., Phd.
Hole PT10-06, was drilled vertical (-90°), between holes 1&2 (figure 4
below) and completed to a depth of 251 metres. The first drill hole of
the program, PT10-01, was drilled southerly at -45° and completed to a
depth of 200 metres. The second drill hole, PT10-02 was collared about
50 m north of PT10-01 and drilled northerly at -45° to a depth of 205.0
metres. Both drill holes targeted the interpreted mafic
volcanic-intrusive contact, known to host copper and precious metal
mineralization in the nearby Copper Mountain deposit.
Hole PT 10-06 encountered Nicola group volcanics from 0 to 127 metres,
with a thin 2 m dike (Lost Horse) encountered from 127 to 129 metres.
The copper mountain diorite continues to the end of the hole at 251
metres. Copper mineralization occurs over 19.5 metres starting at
106.5 metres. A thin felsic dike at 124 to 125 metres was not assayed.
This section also contained anomalous amounts of nickel, cobalt and
Molybdenum. A section from 247 to 250 metres near the bottom of the
hole ran 0.93% Cu.
The majority of holes drilled to date have demonstrated copper
mineralization characteristics including Nicola volcanics and
sediments, copper mountain intrusives, lost horse dikes, alteration and
sulphides similar to the Copper Mountain alkaline porphyry system.
The following is a summary of holes logged by David St. Clair Dunn.
P.Geo., Phd:
''In summary, most of the core I logged was fine grained diorite
intrusive or Nicola volcanics, both with varying amounts of propylitic
alteration, minor pyrite and very minor chalcopyrite. This is what you
would expect to see 0.5 to 1.5 kilometres from a copper porphyry ore
body. There were also unaltered, post mineral felsic and lamprophyre
dykes. More importantly, there were two intersections of a highly
altered granitic dyke: Hole 11B 126.9m-137.8m and Hole 12
114.2m-116.1m. These dykes contained abundant pyrite and minor
chalcopyrite in blebs, that is, not on fractures or in stringers. These
two dykes are probably part of the Lost Horse Intrusives that are
intimately associated with ore bodies in the Copper Mtn. mine. All of
this leads me to believe that the company is exploring too high in the
porphyry system and that there could be mineralized bodies similar to
those being developed at the Copper Mtn. mine at depth. Whether it is
better to just deepen some holes down to 1,000 metres or it is best to
first carry out deep penetration IP first is probably the critical
question at this point.''
The above results demonstrate the Road showing hosts important copper
mineralization and further drilling is planned to verify its' limits.
The company intends to complete a 3D-Induced Polarization survey in
conjunction with drilling to further define this exciting
mineralization encountered in the above section.
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 reviewed by Jim Turner,
P.Geo., and David St. Clair Dunn, P.Geo., Phd, who are Qualified
Persons as defined under National Instrument 43-101.
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:
"Len J.Harris"
Len J. Harris, President
T: 604 669 6807
Toll Free: 866 488 3838
E: len@anglocanex.com
It's all happened before and it will all happen again. Might as well profit from it.
