Anglo Canadian Uranium Corp. (TSX-V: URA) (the “Company”) is pleased to announce the Company has started its Phase One drill program at the 100% owned Princeton Copper / Gold / Palladium project located near Princeton, B.C. This drill program will focus on extensive showings located on the contact between the Nicola Group rocks and Copper Mountain Stock. Management intends to drill to a minimum depth of 300 meters initially, and may increase depth depending on mineralization encountered. A detailed map outlining historical drilling and proximity to the Copper Mountain (TSX:CUM) project is available on the following link. In addition, information regarding Company soil sampling and showings is demonstrated in the linked map.
http://www.anglocanex.com/i/maps/Princeton_Property.jpg
During the week of November 8th to 12th, company personnel including a geologist and the drill contractors visited the property and identified the locations for the first five (5) drill holes. The Company applied for the drill program as announced on November 1st, 2010, and received approval for the program on November 23rd, 2010.
The majority of areas to be tested lie closest to the Copper Mountain proposed super pit. 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:
“Len J.Harris”
Len J. Harris, President
T: 604 669 6807
Toll Free: 866 488 3838
E: len@anglocanex.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
