Tuesday, August 30, 2011 11:20:41 AM
Project
Anglo Canadian Mining Corp. (TSX-V: URA) (the "Company") is pleased to
announce the initiation of a six hole drill program to test three new
targets established by the recent 3D IP / Mag geophysical survey. The
main focus will be on a large, high chargeability target identified by
the survey. Two additional new targets will also be tested within the
same area. Each hole is expected to be drilled to a target depth of
between 350 m and 500 m, depending on mineralization encountered.
Drilling will be performed by LDS Diamond Drilling of Kamloops BC under
the supervision of David S. Dunn, P.Geo.
The company has completed a number of programs designed to help in
defining the drill locations. Since June of 2009, a number of
initiatives have been completed at the Princeton Project: a 25 km 3-D
IP and ground magnetic surveys, established baseline and completed road
improvements, completed soil sampling program, and drilled several
holes to test the mineralization hosted by Triassic-Jurassic Nicola
group island-arch volcanic assemblages and co-magmatic
monzonite-to-diorite plutons. This next drill program will continue to
assist in the definition of a potential resource.
The majority of areas to be tested lie closest to the Copper Mountain
Mining proposed superpit. Copper Mountain Mining recently started
milling and stockpiling ore, and held an official mine opening ceremony
on August 18, 2011.
It's all happened before and it will all happen again. Might as well profit from it.
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