| Wed Aug 19, 2009 Copper Mountain Exploration Program | |
| Anglo Canadian Uranium Corp. (TSX-V: URA) is pleased to announce the completion of the First Phase exploration program on its newly acquired claims near Princeton, B.C. The claims totalling 28 units are located immediately south-southeast of the Copper Mountain pits. Work consisted of establishing a sixteen hundred (1600) meter baseline, some road improvements, and hand trenching of six (6) separate mineralized showings. One trench extended over a distance of seventeen (17) meters and exposed copper mineralization over the entire length. A company geologist examined all workings and took representative samples which have been sent to a lab for assay. Results will be reported as soon as they are available. The assay results will help to determine Phase Two of the exploration program. Copper Mountain History The Copper Mountain district has a lengthy history of exploration beginning in the 1890's. Production commenced in 1923, and has been suspended and restarted as new ore bodies were discovered in the area. Initial production was initiated by Granby Consolidated Mining, Smelting and Power Company with 31.5 million tonnes of ore grading 1.08% Copper extracted from underground excavations from 1925 to 1930, and from 1937 to 1957. Additional exploration commenced in 1966 by Newmont Mining Corporation of Canada, with production commencing in 1972 from the Ingerbelle deposit. The entire deposit was sold again in 1988 to Cassiar Mining Corporation which operated under the name Similco Mines Ltd. The mine closed down in November 1996, due to low strip ratio reserves, rising production costs, and additional necessary capital expenditures. Total production from the district to 1993 was 1.7 billion pounds of copper, 8.4 million ounces of silver, and 0.62 million ounces of gold. Recent activity has been documented by Copper Mountain Mining Corp. (CUM on TSX), with new discoveries identified, and a 25% equity interest sold to Mitsubishi Materials Corporation for $28.75 million Cdn. In addition, Mitsubishi has agreed to use commerically reasonable efforts to arrange a significant project loan and purchase all copper concentrate from the mine. About Anglo-Canadian Uranium Corp. Anglo Canadian Uranium is a junior mineral exploration company with uranium, copper, and gold properties in Quebec, Colorado, Utah, New Mexico, 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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