Anglo Canadian Uranium Corp.: Colorado Drill Program Resumed on Eula Belle Uranium Project
January 24 2008 - 9:00AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (the "Company") is pleased to
announce it has resumed its drill program on the Eula Belle Uranium
Project located in Montrose County, Southwest Colorado. Drilling
was suspended due to weather conditions, which have improved and
allowed for the resumption of the drill program. Five (5) holes
have been completed with an additional twenty (20) holes to be
completed in the first quarter of 2008. 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.
Results from the initial five (5) holes were announced on
January 16, 2008, with a map outlining the drill program available
on the company web site. 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.
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, President
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 (604) 669-5715 (FAX)
Email: len@anglocanex.com Website: www.anglocanex.com