Anglo Canadian Uranium Corp. (TSX-V: URA) (the “Company”) is pleased to announce the Company has recently filed an application to undertake a 5000 meter drill program at the Princeton Copper / Gold / Palladium project located adjacent to the Copper Mountain project in south-central British Columbia. This drill program will focus on areas of interest identified by the recently completed soil sampling program and extensive copper showings throughout the property.
The Company initiated exploration efforts on the property in 2009, and identified two drill targets at locations which will not require timber cutting, road work and have minimal environmental impact. These proposed drill locations are in areas of extensive copper showings and trenching. In summer 2010, the company completed grid sampling in the north and west of historical sampling which demonstrated a copper anomaly extending to the northwest. It is expected that approval to commence drilling will be received in the fourth quarter. Recent prospecting programs conducted by company geologists and consultants demonstrated highlights including samples of 43% Copper (Cu), 28.16 g/t Gold (Au), and 18.19 g/t Palladium (Pd), and a 3 metre chip sample from this showing revealed 15.76 % Copper, 12.26 g/t Gold an >10 g/t Palladium. Sampling results were assayed by ACME Analytical Laboratories of Vancouver, B.C.
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, Utah, 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:
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