Re: News Releases - Tuesday, December 14, 2010
5000 Meter Drill Program Underway at Princeton Copper / Gold /
Palladium Project
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Anglo Canadian Uranium Corp. (TSX-V: URA) (the "Company") is pleased to
announce the Company has started its Phase One drill program at the
100% owned Princeton Copper / Gold / Palladium project located near
Princeton, B.C. This drill program will focus on extensive showings
located on the contact between the Nicola Group rocks and Copper
Mountain Stock. Management intends to drill to a minimum depth of 300
meters initially, and may increase depth depending on mineralization
encountered. A detailed map outlining historical drilling and proximity
to the Copper Mountain (TSX:CUM) project is available on the following
link. In addition, information regarding Company soil sampling and
showings is demonstrated in the linked map.
http://www.anglocanex.com/i/maps/Princeton_Property.jpg
During the week of November 8th to 12th, company personnel including a
geologist and the drill contractors visited the property and identified
the locations for the first five (5) drill holes. The Company applied
for the drill program as announced on November 1st, 2010, and received
approval for the program on November 23rd, 2010.
The majority of areas to be tested lie closest to the Copper Mountain
proposed super pit. 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.
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.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
