Anglo Canadian Uranium Corp.: Colorado Drill Program Shows 6 Feet of 0.193 % eU3O8
January 16 2008 - 9:40AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (the "Company") is pleased to
announce is has received preliminary results from the current drill
program on it's 25 year (renewable) leased Eula Belle Uranium
project in Montrose County, Southwest Colorado. To date, five (5)
holes have been completed, with an additional twenty (20) holes to
be completed in the first quarter of 2008. Probe work is being done
by Jet West Geophysical Services of Farmington, New Mexico. This
drill program is testing two (2) 25 hole cluster drill outs within
the Eula Belle Uranium Project area, bordering the Company's 100%
owned King Uranium Project, within the Uravan Mineral Belt of
Colorado.
The best results are from the Eula Belle drill out 700 m north
of the old mine workings. The objective of this drill program is to
verify mineralization in drill outs and historical work completed
by Union Carbide and other uranium companies.
2007 - 2008 Eula Belle Drill Program Results
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Grade % Thickness Grade X
Hole ID From (ft) To (ft) eU3O8 (ft) thickness
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MC - 09-07 747.20 753.20 0.193 6.0 1.16
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MC - 08-07 749.60 752.60 0.136 3.0 0.408
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MM - 04-07 552.15 554.15 0.012 2.0 0.027
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652.11 655.61 0.025 3.5 0.89
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MC - 03 No Significant results
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MM - 05-07 No Significant results
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The recent work confirms the presence of uranium mineralization
in multiple sandstone beds ranging in depth from 552 feet to 753
feet. A review of the area has indicated several drill outs just
north of the Eula Belle workings. A map outlining this drilling
program will be available on the company web site at:
www.anglocanex.com.
The Eula Belle Uranium Project contains the Eula Belle Uranium /
Vanadium Mine operated by Union Carbide, produced 1,485,550 pounds
of U3O8 and 5,234,387 pounds of vanadium (V205) from 1961 to 1974
and the King Uranium Project, covering two hundred and fifty
claims. Both projects are located near a Department of Energy
mineral reserve and the King Solomon Uranium / Vanadium mine that
produced 3,172,420 pounds of U3O8 and 16,223,095 pounds of vanadium
(V205) from 1974 to 1983.
With regard to the historical information referred to in this
news release and details regarding the location of these historical
resources, the Company considers them to be relevant but not to NI
43-101 standards.
The technical portion of this release has been approved by James
A. Turner, PGeo, a qualified person under NI 43-101.
Note: The "e" denoted above is a calculated value from a gamma
ray probe.
About Anglo Canadian Uranium Corp.
Anglo-Canadian Uranium is an aggressive uranium and gold
exploration company with several properties located in Canada and
the United States. The Company's current projects include uranium
projects located in Colorado, Utah, New Mexico and Quebec, and gold
and base metals projects in British Columbia. The Company's focus
is to acquire uranium and gold deposits in strategic locations
through acquisition and option arrangements, and further develop
these projects with experienced management teams.
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
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news
release.
Contacts: Anglo Canadian Uranium Corp. Len J. Harris President
(604) 669-6807 or Toll Free: 1-866-488-3838 Email:
len@anglocanex.com Website: www.anglocanex.com