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Anglo Canadian Uranium Corp. Announces Completion of the First and Second holes at its 100% owned Princeton Copper / Gold / Palladium Project Located near Princeton, B.C.
Jan. 4, 2011 (TheNewswire.ca) -- Anglo Canadian Uranium Corp. (TSX-V: URA)(the "Company") is...
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[{"type":"text","content":"\nAnglo Canadian Uranium Corp. Announces Completion of the First and Second holes at its 100% owned Princeton Copper / Gold / Palladium Project Located near Princeton, B.C.\n\n\n Jan. 4, 2011 (TheNewswire.ca) -- Anglo Canadian Uranium Corp. (TSX-V: URA)(the \"Company\") is pleased to announce the completion of the first and second holes at its 100% owned Princeton Copper / Gold / Palladium Project located near Princeton, B.C. Drilling will re-commence after the winter Christmas break on or about January 15th, 2011.The Princeton Project is situated in well mineralized Quesnel Terrane, about 4 km south of Pit 1 and Pit 2 of the Copper Mountain Project, very significant alkalic porphyry copper-gold deposits scheduled for production commencing in June 2011. The December drilling program at the Princeton property targeted the same porphyry style mineralization hosted by Triassic-Jurassic Takla Group island-arch volcanic assemblages and co-magmatic monzonite to diorite plutons. Volcanic and intrusive rocks, both are host to predominantly hypogene copper mineralization in zones of intense fracturing, brecciation and hydrothermal alteration. Sulfide mineralogy includes pyrite, chalcopyrite, chalcocite, bornite, and pyrrhotite with associated significant magnetite contents.The first drill hole of the program, PT10-01, was drilled southerly at -45° and completed to a depth of 200 metres. It was designed to test the extent of copper mineralization beneath strongly fractured and altered monzonite outcrops containing chalcocite, chalcopyrite and malachite that returned assays of 0.3% Cu, 0.03 g/t Au and 2.9 g/t Ag. \n\nThe hole PT10-01 intersected variably altered, fractured and brecciated mafic volcanic rocks intruded by subordinate, monzonite porphyry dykes of the Nicola Group. Both mafic volcanic and intrusives rocks have undergone fracture-controlled and locally pervasive hydrothermal alteration, dominated by albite-K-feldspar-epidote-chlorite-calcite-pyrite-magnetite, similar to alteration associated with mineralization encountered at the Copper Mountain Project. From 3.3 to 40.0 metres, strong fracturing and alteration has associated copper mineralization as fracture-controlled and disseminated malachite, chalcocite, chalcopyrite and occasional bornite in strongly brecciated and altered volcanic rocks. Lesser malachite-azurite, ch...