Business
Quebec Heliborne EM / Mag Survey Initiated
Quebec Heliborne EM / Mag Survey Initiated
About this update from Canada One Mining Corp
[{"type":"text","content":"\nQuebec Heliborne EM / Mag Survey Initiated\n\n\n Nov. 24, 2009 (TheNewswire.ca) -- Anglo Canadian Uranium Corp. (TSX-V: URA / Frankfurt: AU3)(the \"Company\") is pleased to announce the receipt of a historical ground based magnetometer and VLF survey conducted in 1981 by Radisson Gold Corp./Les Mines Messeguay Inc (GM37096) on the Poularies gold property, Quebec. This survey will be instrumental in assisting the Company in future work programs designed at identifying drill targets. The previous identification of numerous unexplained EM and magnetic anomalous zones located in the vicinity of the trenching area and recent positive gold assays (previously announced November 16th, 2009) has prompted the Company to initiate a detailed heliborne magnetic and electromagnetic survey over the 693 ha area covered by the Poularies property. The survey will be accomplished by Geophysics GPR International Inc. based in Longueuil, Quebec. It is expected that a combination of narrow 50 m line spacing with high sensitivity and precision in flight instruments will be able to produce a more detailed geophysical map of the property while detecting new anomalous zones possibly related to gold mineralization.This historical work program identified twelve long and strong conductors, which correspond to areas of magnetic highs (GM37096 and GM37097). Two other ground based VLF-EM surveys carried out around the areas of trenching that exposed gold-bearing quartz veins revealed several anomalies that remain unexplained to this day, seven of which are located slightly to the east of the Poularies trenches (GM39614 and GM37376). In 1983, a ground based magnetometer survey discovered a significant east-west structure associated with a low magnetic signature which cut across the property (GM 40189). The Poularies trenches occur close to the intersection of this EW-oriented structure with a NS-trending conductor.The Poularies gold property is located 15 km north of the gold discovery made by Clifton Star Resources, and is readily accessible to all facilities and infrastructure. The Clifton Star discovery was instrumental in attracting the Company to the Noranda area. Over the past 85 years, the Noranda region has hosted over twenty (20) VMS and gold deposits. The Poularies property is underlain by Archean synvolcanic tonalitic rocks of the Poularies pluton ...