Anglo Canadian Uranium Corp. (TSX-V: URA) (the “Company”) is pleased to announce the receipt of drill hole PT10-06 from the Princeton Copper / Gold / Palladium project located near Princeton, B.C. This hole is in close proximity to holes 1&2 (previously released January 31, 2011) and is part of a focused exploration program designed to target porphyry style mineralization hosted by Triassic Nicola Group island-arc volcanic assemblages and co- magmatic monzonite to diorite plutons at the Road and West (1km west) surface showings. Results from the remaining nine (9) holes will be released in Quarter 2.
Results from Hole PT10-06 are as follows:
|
From |
To |
Cu% |
Interval |
||||
|
106.50 |
109.00 |
0.444 |
2.50 |
| |
| |
||
|
109.00 |
111.50 |
0.536 |
2.50 |
| |
| |
||
|
111.50 |
113.80 |
0.362 |
2.30 |
| |
| |
||
|
113.80 |
116.20 |
0.317 |
2.40 |
| |
2 INT |
||
|
116.20 |
119.00 |
0.308 |
2.80 |
| |
| |
||
|
119.00 |
121.50 |
0.3 |
2.50 |
| |
| |
||
|
121.50 |
124.00 |
0.01638 |
2.50 |
| |
| |
||
|
dike 125.00 |
125.25 |
0.13121 |
0.25 |
1 INT |
| |
||
|
125.25 |
125.50 |
0.11111 |
0.25 |
| |
| |
||
|
125.50 |
125.75 |
0.226365 |
0.25 |
| |
| |
||
|
125.75 |
126.00 |
2.372 |
0.25 |
| |
| |
| |
|
|
126.00 |
126.25 |
0.34594 |
0.25 |
| |
3 INT |
| |
|
|
126.25 |
126.50 |
5.648 |
0.25 |
| |
| |
4 INT |
|
|
126.50 |
126.75 |
16.425 |
0.25 |
| |
| |
| |
|
|
126.75 |
127.00 |
7.416 |
0.25 |
| |
| |
| |
|
|
Average Grade |
%cu |
||||||
|
0.71 |
@ 19.5m |
#1 INTERVAL |
106.05-127.00 |
||||
|
inc. |
0.33 |
@ 17.5m |
#2 INTERVAL |
106.50-124.00 |
|||
|
and |
4.08 |
@ 2.0m |
#3 INTERVAL |
125.00-127.00 |
|||
|
6.44 |
@ 1.25m |
#4 INTERVAL |
125.75-127.00 |
||||
Hole PT10-06 was logged by Richard Culbert, P.Geo., Phd.
Hole PT10-06, was drilled vertical (-90°), between holes 1&2 (figure 4 below) and completed to a depth of 251 metres. The first drill hole of the program, PT10-01, was drilled southerly at -45° and completed to a depth of 200 metres. The second drill hole, PT10-02 was collared about 50 m north of PT10-01 and drilled northerly at -45° to a depth of 205.0 metres. Both drill holes targeted the interpreted mafic volcanic- intrusive contact, known to host copper and precious metal mineralization in the nearby Copper Mountain deposit.
Hole PT 10-06 encountered Nicola group volcanics from 0 to 127 metres, with a thin 2 m dike (Lost Horse) encountered from 127 to 129 metres. The copper mountain diorite continues to the end of the hole at 251 metres. Copper mineralization occurs over 19.5 metres starting at 106.5 metres. A thin felsic dike at 124 to 125 metres was not assayed. This section also contained anomalous amounts of nickel, cobalt and Molybdenum. A sectio n from 247 to 250 metres near the bottom of the hole ran 0.93% Cu.
The majority of holes drilled to date have demonstrated copper mineralization characteristics including Nicola volcanics and sediments, copper mountain intrusives, lost horse dikes, alteration and sulphides similar to the Copper Mountain alkaline porphyry system.
The following is a summary of holes logged by David St. Clair Dunn. P.Geo., Phd :
``In summary, most of the core I logged was fine grained diorite intrusive or Nicola volcanics, both with varying amounts of propylitic alteration, minor pyrite and very minor chalcopyrite. This is what you would expect to see 0.5 to 1.5 kilometres from a copper porphyry ore body. There were also unaltered, post mineral felsic and lamprophyre dykes. More importantly, there were two intersections of a highly altered granitic dyke: Hole 11B 126.9m-137.8m and Hole 12 114.2m-116.1m. These dykes contained abundant pyrite and minor chalcopyrite in blebs, that is, not on fractures or in stringers. These two dykes are probably part of the Lost Horse Intrusives that are intimately associated with ore bodies in the Copper Mtn. mine. All of this leads me to believe that the company is exploring too high in the porphyry system and that there could be mineralized bodies similar to those being developed at the Copper Mtn. mine at depth. Whether it is better to just deepen some holes down to 1,000 metres or it is best to first carry out deep penetration IP first is probably the critical question at this point.``
The above results demonstrate the Road showing hosts important copper mineralization and further drilling is planned to verify its’ limits. The company intends to complete a 3D-Induced Polarization survey in conjunction with drilling to further define this exciting mineralization encountered in the above section.
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 Dunn, P.Geo., Phd, who are Qualified Persons as defined under National Instrument 43-101.
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:
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