Anglo Canadian Mining Corp.
Anglo-Canadian Uranium Corp. : Princeton Phase One Drill Program Complete
Anglo-Canadian Uranium Corp. / Key word(s): Miscellaneous March 8, 2011 Frankfurt: AU3 Princeton Phase One Drill Program Complete Anglo Canadian Uranium Corp. (TSX-V: URA) (the ‘Company’) is pleased to announce the completion of holes 6 through 12 at the Princeton Copper / Gold / Palladium project located near Princeton, B.C. These seven (7) holes are designed to test 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 Road project area, located 2 km south from the Copper Mountain Rifle and Oriole zones and in close proximity to the Copper Mountain mill. Each hole was drilled to a depth of 200 meters, with holes 6 through 8 being logged, split and sent for assay. Holes 9 through 12 are in the process of being logged and split, and will be sent for assay upon completion. The Company intends to re-commence the drill program upon receipt of assays from all holes. The majority of areas to be tested lie closest to the Copper Mountain proposed superpit. 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. ON BEHALF OF THE BOARD OF DIRECTORS: ‘Len J.Harris’ Len J. Harris, President T: 604 669 6807 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. End of Corporate News 08.03.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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