Business
Uranium Development Consortium Formed
Uranium Development Consortium Formed
About this update from Canada One Mining Corp
[{"type":"text","content":"\nUranium Development Consortium Formed\n\n\n May 6, 2009 (TheNewswire.ca) -- May 6 2009 - Anglo Canadian Uranium Corp. (TSXV:URA) (URA on TSX.V, Frankfurt AU3)(the \"Company\") is pleased to announce it has entered into an agreement to bring southwestern United States uranium exploration properties and a state of the art mill project to the market place as a consolidated uranium resource play. This agreement is with Mancos Resources Inc. (MRI), Bluebird Partners, LLC and Drilling Consultants Inc. (DRI), and will enable the consortium of companies to effectively develop long term uranium production to supply the growing demand for nuclear power. This agreement is non-exclusive and will allow the Company to continue and maintain discussions with additional uranium exploration and production companies for further development of projects. This agreement also does not impact the previous arrangement with a senior uranium producer in the Four Corners region and the continued development of the URA mine located in the Bull Canyon region of Colorado.Anglo Canadian Uranium is an advanced exploration and development company with thirteen (13) uranium and vanadium projects located in the Four Corners region of the United States. All projects are located in close proximity to historical uranium production operations, with some project areas containing historical resources. The Company has focused on continuing the permit process required for future exploration and production at its project areas, and views this new uranium consortium as instrumental in the continued development of the United States uranium industry.Anglo Canadian's projects in the Four Corners region are as follows:\nLocation Ownership Size Highlight \nSpider Rock, Colorado 100% 4 claims Historical resource contained \nJoseph, Colorado 100% 106 claims Contains 5 former producing mines \nEula Belle, Colorado 100% 52 claims Drill program completed, 1.5 M pounds U3O8 (TSXV:UWE) and 7 M pounds vanadium historical production \nKing, Colorado 100% 250 claims Lies between two major producing mines, adjacent to DOE leases \nWild Steer, Colorado 100% 31 claims Contains 2 former producers \nGunslinger, Colorado 100% 41 claims Surrounded by 3 DOE uranium reserve lands \nTomcat, Colorado 100% 81 claims Contains 3 former producers \nLonestar, Colorado 100% 110 claims in two locations C...