Phase One Drilling Assay Results for Princeton Project
Jan. 31, 2011 (TheNewswire.ca) --
Anglo Canadian Uranium Corp. (TSX-V: URA)(the "Company") is pleased to announce the receipt of the first two (2) drill holes from the Princeton Copper / Gold / Palladium project located near Princeton, B.C. These first two holes are part of a focused exploration program designed to target the same porphyry style mineralization hosted by Triassic-Jurassic Takla Group island-arch volcanic assemblages and co-magmatic monzonite to diorite plutons. This drill program was designed to test two surface showings known as the Road and West (1km west) showings. Results from three (3) additional holes at the West showings will be released in Quarter 1. An additional three (3) holes on the Road Showing are being split and logged and will be sent for assay shortly.
The first drill hole of the program, PT10-01, was drilled southerly at -45° and completed to a depth of 200 metres. The second hole, PT10-02 was collared about 50 m north of PT10-01 and drilled northerly at -45° to a depth of 205.0 metres. Both drill holes targeted the interpreted mafic volcanic-intrusive contact, known to host copper and precious metal mineralization in the nearby Copper Mountain deposit.
Results from the Phase one drill program are as follows:
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| || |Cu(%)|Ag(gm)|From(m)|To(m)|
|-------||--------------------------------|
|Hole#1 ||50 m |0.154|1.28 |7.5 |57.5 |
|-------||--------------------------------|
| ||12.5m|0.28 |2.82 |22.5 |35 |
|-------||--------------------------------|
| ||7.5m |0.467|4.3 |27.5 |35 |
|-------||--------------------------------|
| ||35m |0.20 |1.59 |22.5 |57.5 |
|-------||--------------------------------|
| || | | | | |
|-------||--------------------------------|
| || |Cu |Ag |From |To |
|-------||--------------------------------|
|Hole #2||10m |0.435|1.58 |49.5 |59.5 |
|-------||--------------------------------|
| ||30m |0.216|1.41 |37 |67 |
|-------||--------------------------------|
| ||45m |0.173|1.16 |37 |82 |
|-------||--------------------------------|
| ||22.5m|0.235|1.64 |37 |59.5 |
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The above results demonstrate the Road showing hosts important copper mineralization and further drilling is planned to verify its' limits. The company employs a QA/QC program that employs introduction of certified analytical standards and blanks as well as secure sample chain of custody of samples from drill to laboratory. Technical information contained in this news release was reviewed by Jim Turner, P.Geo who is a Qualified Person as defined under National Instrument 43-101.
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.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
Neither 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.
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