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Anglo Canadian Uranium Corp. Announces Drilling Resumes at Princeton Copper / Gold / Palladium Project
Jan. 20, 2011 (TheNewswire.ca) -- Anglo Canadian Uranium Corp. (TSX-V: URA)(the "Company") i...
About this update from Canada One Mining Corp
[{"type":"text","content":"\nAnglo Canadian Uranium Corp. Announces Drilling Resumes at Princeton Copper / Gold / Palladium Project\n\n\n Jan. 20, 2011 (TheNewswire.ca) -- Anglo Canadian Uranium Corp. (TSX-V: URA)(the \"Company\") is pleased to announce the resumption of drilling at the Company's Copper / Gold / Palladium Project located near Princeton, B.C. The Company recently completed its Phase One drilling program and due to encouraging results from this program has initiated Phase Two. Drilling will resume on the Company claims located on the southeast flank of the copper mountain proposed super pit. In both drill holes PT10-01 and PT10-02 from the initial drill program, copper mineralization characteristics including host-rock types, brittle deformation, alteration assemblages and sulphide and oxide mineralogy is believed to be similar to the Copper Mountain copper-precious metal porphyry system. All drill core has been sent to AcmeLabs in Vancouver, B.C. Assay results from these two holes are expected to be released in Quarter 1.The first two new holes of Phase Two will be drilled to extend the mineralized zone discovered in holes # 1 and #2 of the initial drilling. The area to be drilled lies approximately 2.5 km south / southeast of the Copper Mountain Oriole and Rifle zones, on the contact between the Nicola Group Volcanics and the Copper Mountain Stock Intrusive.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. (TSXV:URA) 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.comON BEHALF OF THE BOARD OF DIRECTORS:\"Len J.Harris\"Len J. Harris, PresidentT: 604 669 6807Toll Free: 866 488 3838E: [email protected] 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.Copyright (c) 2011 Thenewswire.ca - All rights reserved.\n\n\n\...