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Anglo Canadian Stakes Four Yukon Gold Properties
Anglo Canadian Stakes Four Yukon Gold Properties
About this update from Canada One Mining Corp
[{"type":"text","content":"\nAnglo Canadian Stakes Four Yukon Gold Properties\n\n\n Jul. 15, 2009 (Baystreet.ca) -- VANCOUVER, BC -- Anglo Canadian Uranium Corp. (TSX-V: URA) (FRANKFURT: AU3) announces it has acquired, by staking, a 100% interest in four separate claim blocks in west-central Yukon Territory, in the general area of Underworld Resources Inc.'s new White Gold discovery.\n\nAnglo Canadian's claim blocks cover approximately 2,800 hectares in 130 claims. The claims were selected to cover reported historic gold occurrences in a similar geologic setting that is present at the White Gold property. This area of the Yukon has recorded gold production exceeding 10 million ounces, from the well known Klondike District. \nAt the Armenius property, government records report that an 18 metre quartz vein is exposed on the ground. According to historic but unconfirmed reports, selected samples collected in the early 1900s from a hand pit graded over 300 g/t gold. This property lies approximately 50 km north of the Underworld Resources White Gold property. \nThe Dago Hill property consists of 78 claims and is underlain by graphitic schist and quartz-muscovite schist, with lesser quartzite, ultramafics and volcanics of the Yukon Tanana Terrane. The Dago Hill property lies approximately 70 km north-northwest of the Underworld Resources White Gold property. \nThe other two properties are located at Henderson Creek, 10 km northeast of Underworld's White Gold property. The properties cover prospective geology in a well-known active placer gold mining area. \n\"We are pleased to have acquired a 100% interest in such prospective ground for staking costs,\" said Len Harris, President and CEO of Anglo Canadian. \"Our properties are appealing on their own merits, and being in close proximity to Underworld's new discovery and one of the world's largest gold producing areas enhances their value. We are mobilizing exploration crews to collect additional data to help plan for a drilling program later this year.\" \nHistorical results contained in this press release are based on data and reports from previous exploration programs. The Company has not completed the work necessary to have the historical results verified by a Qualified Person. The property will require considerable future exploration which the Company and their consultants intend to carry out in due course. ...