Uranium Development Consortium Formed
May 06 2009 - 1:42PM
Marketwired
Anglo Canadian Uranium Corp. (TSX-V: URA) (the "Company") is
pleased to announce it has entered into an agreement to bring
southwestern United States uranium exploration properties and a
state of the art mill project to the market place as a consolidated
uranium resource play. This agreement is with Mancos Resources Inc.
(MRI), Bluebird Partners, LLC and Drilling Consultants Inc. (DRI),
and will enable the consortium of companies to effectively develop
long term uranium production to supply the growing demand for
nuclear power. This agreement is non-exclusive and will allow the
Company to continue and maintain discussions with additional
uranium exploration and production companies for further
development of projects. This agreement also does not impact the
previous arrangement with a senior uranium producer in the Four
Corners region and the continued development of the URA mine
located in the Bull Canyon region of Colorado.
Anglo Canadian Uranium is an advanced exploration and
development company with thirteen (13) uranium and vanadium
projects located in the Four Corners region of the United States.
All projects are located in close proximity to historical uranium
production operations, with some project areas containing
historical resources. The Company has focused on continuing the
permit process required for future exploration and production at
its project areas, and views this new uranium consortium as
instrumental in the continued development of the United States
uranium industry.
Anglo Canadian's projects in the Four Corners region are as
follows:
Location Ownership Size Highlight
-------- --------- ---- ---------
Spider Rock, 100% 4 claims Historical resource contained
Colorado
Joseph, Colorado 100% 106 claims Contains 5 former producing mines
Eula Belle, 100% 52 claims Drill program completed, 1.5 M
Colorado pounds U3O8 and 7 M pounds
vanadium historical production
King, Colorado 100% 250 claims Lies between two major producing
mines, adjacent to DOE leases
Wild Steer, 100% 31 claims Contains 2 former producers
Colorado
Gunslinger, 100% 41 claims Surrounded by 3 DOE uranium
Colorado reserve lands
Tomcat, Colorado 100% 81 claims Contains 3 former producers
Lonestar, Colorado 100% 110 claims Contains 2 former producers
in two
Gunfighter, 100% locations Contains 1 former producer
Colorado
Dragon, Utah 100% 30 claims High scintilometer counts
including one
mile area of
interest
Locuist, Utah 100% 19 claims Contains former producing mine
O8, New Mexico 100% 1920 acre Adjacent to former producing mine
Holley, New Mexico 100% 3200 acres Within 4 miles of Marquez Uranium
Mine
Mancos Resources Inc. and their wholly owned subsidiary Bluerock
Energy Corp, are U.S. corporations with offices in Green River,
Utah, and Cortez, Colorado. MRI's conventional uranium mill project
is located on 640 acres of private land near the town of Green
River, Utah. MRI Principals spent two years implementing an
exhaustive multi-state site selection process. The site selection
criteria included regulatory, environmental, political, geologic,
hydrologic, access, and infrastructure elements. The mill is in the
geotechnical and environmental baseline data gathering phase of
permitting. MRI's next phase of development is initiating a
geotechnical drilling program, and crafting and issuing a Request
for Qualifications / Request for Proposals from design/build firms
for plant engineering design and construction.
BlueBird Partners, LLC is a grass roots geological and mineral
property development company with experience, expertise, and
uranium properties in the southwestern US.
Drilling Consultants Inc., a U.S. corporation, has extensive
holdings in the uranium districts of Colorado, Utah, and New
Mexico.
About Anglo-Canadian Uranium Corp.
Anglo-Canadian 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"
Len J. Harris, President
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.
Contact: Len J. Harris President T: 604 669 6807 Toll Free: 866
488 3838 E: len@anglocanex.com