Anglo Canadian Intersects 102.72m of 0.138% Cu from Surface at
Princeton Copper Gold Project
Anglo Canadian Mining Corp. ("Anglo Canadian" or the "Company") (TSX
Venture: URA) is pleased to announce the receipt of mineral assays from
its Princeton Copper Gold project located near Princeton, B.C. The
Company completed 6 holes at the mineralization hosted by
Triassic-Jurassic Nicola Group island arch volcanic assemblages and
co-magmatic monzonite to diorite plutons. All holes were located in the
company's Haul Road Zone, located two kilometres south from the Copper
Mountain Rifle and Oriole zones, and in close proximity to the Copper
Mountain mill.
Diamond drill hole Pr-11-18, drilled on Anglo Canadian's (the
company's) Princeton property, intersected 102.72 metres grading 0.138%
copper from surface. This hole is located in the Combination Zone on
the company's property approximately 22 km south of Princeton, B.C. and
4.0 km. south of Copper Mtn. Mines Ltd. 36,000 tonne per day mill and
mining operation. The present cut-off grade at Copper Mtn.'s operation
is 0.1% copper. Assay results from this drill program are as follows:
Pr-11-18 was drilled to 319 metres with the final assay being 0.336%
copper at the bottom of the hole.
Hole Pr-11-15 was drilled in the Haul Road Zone, located approximately
1.7 km. west of the Combination Zone. Pr-11-16 was drilled vertically
approximately 50 metres east of Pr-11-18. Hole Pr-11-17 was an
extension of Pr-11-6, which intersected 19.5 metres of 0.71% copper
from 124 to 148.15 and 3 metres of 0.93% copper from 248 to 251 metres.
This hole is located approximately 50 metres east of Pr-11-16. This 70
metre extension was drilled mainly in intrusive rocks.
Discussions with Copper Mtn. staff have led to the decision to drill
future holes at -50°, generally north, towards the copper mtn.
intrusive / Nicola Volcanic contact. Most historic drilling completed
by the Company to date has been vertical.
Four more holes, totaling 1,000 metres, are planned for this month. One
will be drilled near Pr-11-15 in the Haul Road Zone and three holes
will be drilled near Pr-11-18 in the Combination zone. The grid area
hosting the 3D-IP/Mag survey covers 1 km by 2.5 km's and is the focal
area of drilling. The Company claims cover approximately 2200 hectares
most of which adjoin the Copper Mountain claims.
The company employs a quality assurance/quality control 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 David St. Clair Dunn, P. Geo, a qualified person as defined
under National Instrument 43-101.
It's all happened before and it will all happen again. Might as well profit from it.
