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:
Location Ownership Size Highlight Spider Rock, Colorado 100% 4 claims Historical resource contained Joseph, Colorado 100% 106 claims Contains 5 former producing mines Eula Belle, Colorado 100% 52 claims Drill program completed, 1.5 M pounds U3O8 (TSXV:UWE) and 7 M pounds vanadium historical production King, Colorado 100% 250 claims Lies between two major producing mines, adjacent to DOE leases Wild Steer, Colorado 100% 31 claims Contains 2 former producers Gunslinger, Colorado 100% 41 claims Surrounded by 3 DOE uranium reserve lands Tomcat, Colorado 100% 81 claims Contains 3 former producers Lonestar, Colorado 100% 110 claims in two locations Contains 2 former producers Gunfighter, Colorado 100% Contains 1 former producer Dragon, Utah 100% 30 claims including one mile area of interest High scintilometer counts Locuist, Utah 100% 19 claims Contains former producing mine O8, New Mexico 100% 1920 acre Adjacent to former producing mine Holley, New Mexico 100% 3200 acres Within 4 miles of Marquez Uranium mine
Mancos Resources Inc. and their wholly owned subsidiary Bluerock Energy Corp, are U.S. corporations with offices in Green River, Utah, and Cortez, Colorado. MRI's conventional uranium mill project is located on 640 acres of private land near the town of Green River, Utah. MRI Principals spent two years implementing an exhaustive multi-state site selection process. The site selection criteria included regulatory, environmental, political, geologic, hydrologic, access, and infrastructure elements. The mill is in the geotechnical and environmental baseline data gathering phase of permitting. MRI's next phase of development is initiating a geotechnical drilling program, and crafting and issuing a Request for Qualifications / Request for Proposals from design/build firms for plant engineering design and construction.
BlueBird Partners, LLC is a grass roots geological and mineral property development company with experience, expertise, and uranium properties in the southwestern US.
Drilling Consultants Inc., a U.S. corporation, has extensive holdings in the uranium districts of Colorado, Utah, and New Mexico.
About Anglo-Canadian Uranium Corp.
Anglo-Canadian is an aggressive uranium and gold exploration company with several properties located in Canada and the United States. The Company's current projects include uranium projects located in Colorado, Utah, New Mexico and Quebec, and gold and base metals projects in British Columbia. The Company's focus is to acquire uranium and gold deposits in strategic locations through acquisition and option arrangements, and further develop these projects with experienced management teams.
For more information on the Company and its projects, please visit the website at www.anglocanex.com
ON BEHALF OF THE BOARD OF DIRECTORS:
"Len J.Harris"
Len J. Harris, President
T: 604 669 6807
Toll Free: 866 488 3838
E: len@anglocanex.com
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