|Wed Nov 2, 2011|
Anglo Canadian Intersects 102.72m of 0.138% Cu from Surface at Princeton Copper Gold Project
|Anglo Canadian Mining Corp. ("Anglo Canadian" or the "Company") (TSX Venture: URA) is pleased to announce the receipt of mineral assays from its Princeton Copper Gold project located near Princeton, B.C. The Company completed 6 holes at the mineralization hosted by Triassic-Jurassic Nicola Group island arch volcanic assemblages and co-magmatic monzonite to diorite plutons. All holes were located in the company's Haul Road Zone, located two kilometres south from the Copper Mountain Rifle and Oriole zones, and in close proximity to the Copper Mountain mill.|
Diamond drill hole Pr-11-18, drilled on Anglo Canadian's (the company's) Princeton property, intersected 102.72 metres grading 0.138% copper from surface. This hole is located in the Combination Zone on the company's property approximately 22 km south of Princeton, B.C. and 4.0 km. south of Copper Mtn. Mines Ltd. 36,000 tonne per day mill and mining operation. The present cut-off grade at Copper Mtn.'s operation is 0.1% copper. Assay results from this drill program are as follows:
Pr-11-18 was drilled to 319 metres with the final assay being 0.336% copper at the bottom of the hole.
Hole Pr-11-15 was drilled in the Haul Road Zone, located approximately 1.7 km. west of the Combination Zone. Pr-11-16 was drilled vertically approximately 50 metres east of Pr-11-18. Hole Pr-11-17 was an extension of Pr-11-6, which intersected 19.5 metres of 0.71% copper from 124 to 148.15 and 3 metres of 0.93% copper from 248 to 251 metres. This hole is located approximately 50 metres east of Pr-11-16. This 70 metre extension was drilled mainly in intrusive rocks.
Discussions with Copper Mtn. staff have led to the decision to drill future holes at -50°, generally north, towards the copper mtn. intrusive / Nicola Volcanic contact. Most historic drilling completed by the Company to date has been vertical.
Four more holes, totaling 1,000 metres, are planned for this month. One will be drilled near Pr-11-15 in the Haul Road Zone and three holes will be drilled near Pr-11-18 in the Combination zone. The grid area hosting the 3D-IP/Mag survey covers 1 km by 2.5 km's and is the focal area of drilling. The Company claims cover approximately 2200 hectares most of which adjoin the Copper Mountain claims.
The company employs a quality assurance/quality control 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 David St. Clair Dunn, P. Geo, a qualified person as defined under National Instrument 43-101.
About Anglo Canadian Mining Corp.
Anglo Canadian Mining is a junior mineral exploration company with copper, gold and uranium 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, President
T: 604 669 6807 Toll Free: 866 488 3838
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.
You can view the Next News Releases item: Wed Nov 30, 2011, Additional Drill Holes Completed and Permits received for 2012 Drill Program at Princeton Copper Gold Project
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