Anglo Canadian Initiating 3D IP Survey at Princeton Copper / Gold
/ Palladium Project
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Anglo Canadian Uranium Corp. (TSX-V: URA) (the "Company") is pleased to
announce the signing of a contract to conduct a 3D Induced
Polarization and Magnetic survey at our Princeton Copper / Gold /
Palladium project located near Princeton, B.C. SJ Geophysics of Delta,
BC will conduct the survey, which will consist of a minimum of 25 line
kilometres. This area lies contiguous with the Copper Mountain Mining
claims, and is located 2.5 km from the Oriole zone within the Copper
Mountain project area. SJ Geophysics will also conduct an experimental
EM survey over the area drilled by the Company. The survey is part of
a focused program to test the mineralized contact with volcanics and
the Copper Mountain intrusives. This contact zone hosts most of the
mineralization found elsewhere in the Princeton area and is most
prominent on the Copper Mountain Project. This IP, Mag and EM survey
will provide more insight on the location of the contact zone which
hosts the majority of the mineralization.
The survey is designed to investigate alkaline porphyry style
mineralization found on a drill section which includes holes PT10-01,
02 and 06, as previously reported on January 31 and March 28, 2011.
Hole PT10-06 produced a high grade section of 2.0 metres of 4.08 % Cu
at a depth of 125 metres and 0.71 % Cu over 19.5 metres in a vertical
hole; and Holes 1 and 2 produced 50 metres of 0.154 % Cu and 47.5
metres of 0.18% Cu respectively. These results demonstrate the Road
showing hosts important copper mineralization and further drilling is
planned to verify its' limits.
Recent results announced by Copper Mountain Mining indicate the
porphyry system carries to depth and hosts thicker intervals and higher
grades of copper. Copper Mountain uses a 0.15% Cu cut-off, and has
reported 518,600,000 tonnes grading 0.31% Cu for a Measured and
Indicated Cu Resource of 3,226,000,000 pounds, and has 390,700,000
tonnes grading 0.23% Cu for an Inferred Cu Resource of 1,758,200,000
pounds.
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, P.Geo., who are Qualified Persons as
defined under National Instrument 43-101.
It's all happened before and it will all happen again. Might as well profit from it.
