News

 Tue Aug 28, 2012
Anglo Canadian Intersects 65.6 feet (20 meters) of 0.64% Cu at Princeton Copper Gold Project

 Anglo Canadian Mining Corp. ("Anglo Canadian" or the "Company") (TSX Venture: URA) is pleased to announce assays from its Princeton Copper Gold project located near Princeton, B.C. The Company completed 3 holes in mineralization hosted by Triassic-Jurassic Nicola Group island arch volcanic assemblages and co-magmatic monzonite to diorite plutons. Two holes were located in the Combination zone, located two km south of the Copper Mountain Rifle and Oriole zones, and within 4 km of the Copper Mountain mill.

Assay results from this drill program are as follows:

  Intersection
(depth)
Length
(meters)
Copper
(%)
Silver
(g/t)
PR-12-26 141-161 20 0.64 2.6
INC. 145-161 16 0.77 3.1
and 145-159 14 0.86 3.5
         
PR-12-27 33-39 6 0.44 1.9
  91-103 12 0.35 3.3
  151-164.5 13.5 0.14 1.0
  189.25-207.87 18.6 0.16 1.0

  • PR-12-25 was drilled to 250.2 metres to the south at -60o and was not assayed.
PR-12-26 drilled on Anglo Canadian's Princeton property 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. PR-12-26 was drilled to 261.2 metres to the north at -60o and was drilled to test the high grade section of hole PR-11-06.

PR-12-27 was drilled to 207.87 m to the north at -60o and bottomed in mineralization. Hole PR-12-27 was drilled 112 meters northeast of hole PR-12-26 in the direction of an historic mineralized shaft some 400 m to the west and some 800 m distance from the 3D IP / Mag high chargeability zone also further to the west. This entire 800 m has potential for mineralization as it is located on a contact between the Volcanics and the intrusive rocks. Hole PR-12-27 bottomed in the Lost Horse complex intrusive and drilling was terminated due to faulting. The Lost Horse Intrusive is generally thought to be the heat source that caused copper mineralization at the Copper Mountain Mine.

The company has a permit for another 15,000 metres of drilling which will take place as weather permits. Drill holes are planned to follow-up 3D chargeability anomalies. Geologic mapping and geophysics are also planned for the coming season. SJV geophysics of Delta, B.C. is scheduled to conduct down hole EM (electromagnetic) tests on selected drill holes. This newly developed geophysical tool may help to determine positioning of our next drill holes. The Company claims cover approximately 2200 hectares most of which adjoin the Copper Mountain claims.

James Turner, P. Geo, a qualified person under NI 43-101, reviewed and approved the technical disclosures of this press release on behalf of the Company.

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"
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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