Anglo Canadian Uranium Corp.: Uranium Exploration Progress Report
March 17 2008 - 8:30AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (the "Company") is pleased to
announce the company has filed a Notice of Intent with the
Department of Natural Resources, Colorado Division of Reclamation,
Mining and Safety, to open up a plugged air vent at the Company's
Joseph Uranium / Vanadium project. This project area consists of
106 claims located in the Bull Canyon region in Colorado, near the
Utah border. This claim group is well known for its uranium and
vanadium production, with five (5) historically producing mines
included in the land parcel. They are located approximately 100 km
east-northeast of Blanding, Utah, within the Uravan mineral belt.
This claim group includes the Ura, Zebra, Peanut #1, Peanut #2, and
Gilbert mines, which were operated until 1983. The Bull Canyon
region is a well known producer of uranium and vanadium, with a
ratio of 5-1 vanadium to uranium. The average uranium grades
reported from historical production were 0.20% to 0.25 %, with
vanadium grades ranging from 1.5% to 2.0%. All ore was located in
the Morrision - Saltwash formation.
The Joseph Uranium / Vanadium Project contains approximately two
miles of underground workings which includes the Company's 'Ura'
mine and Denison Mines Corp. 'Van 4' mine. An exploration permit
was granted in February 2007 to open the portal accessing these
claims. The portal was subsequently opened and the underground
workings were assessed by the Company and Denison for damage, water
content and accessibility. This portal provides access to the
Company's Ura mine and Denison's Van 4 mine. Clearing the air vent
will provide for clean air in the underground complex and allow
both companies to begin preparation for future production.
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.
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