Anglo Canadian Stakes Four Yukon Gold Properties
July 15 2009 - 8:30AM
Marketwired
Anglo Canadian Uranium Corp. (TSX-V: URA) (FRANKFURT: AU3)
announces it has acquired, by staking, a 100% interest in four
separate claim blocks in west-central Yukon Territory, in the
general area of Underworld Resources Inc.'s new White Gold
discovery.
Anglo Canadian's claim blocks cover approximately 2,800 hectares
in 130 claims. The claims were selected to cover reported historic
gold occurrences in a similar geologic setting that is present at
the White Gold property. This area of the Yukon has recorded gold
production exceeding 10 million ounces, from the well known
Klondike District.
At the Armenius property, government records report that an 18
metre quartz vein is exposed on the ground. According to historic
but unconfirmed reports, selected samples collected in the early
1900s from a hand pit graded over 300 g/t gold. This property lies
approximately 50 km north of the Underworld Resources White Gold
property.
The Dago Hill property consists of 78 claims and is underlain by
graphitic schist and quartz-muscovite schist, with lesser
quartzite, ultramafics and volcanics of the Yukon Tanana Terrane.
The Dago Hill property lies approximately 70 km north-northwest of
the Underworld Resources White Gold property.
The other two properties are located at Henderson Creek, 10 km
northeast of Underworld's White Gold property. The properties cover
prospective geology in a well-known active placer gold mining
area.
"We are pleased to have acquired a 100% interest in such
prospective ground for staking costs," said Len Harris, President
and CEO of Anglo Canadian. "Our properties are appealing on their
own merits, and being in close proximity to Underworld's new
discovery and one of the world's largest gold producing areas
enhances their value. We are mobilizing exploration crews to
collect additional data to help plan for a drilling program later
this year."
Historical results contained in this press release are based on
data and reports from previous exploration programs. The Company
has not completed the work necessary to have the historical results
verified by a Qualified Person. The property will require
considerable future exploration which the Company and their
consultants intend to carry out in due course.
Harmen Keyser, P.Geol. (NWT), an independent consulting
geologist, is the qualified person responsible for NI 43-101
compliance in this news release.
As consideration of a 100% interest in these claims, the Company
has paid Cdn $125,000 to the staker. These claims were acquired by
bill of sale.
This acquisition and fee are subject to TSX Venture Exchange
approval.
About Anglo-Canadian Uranium Corp.
Anglo Canadian Uranium is a junior mineral exploration company
with uranium, copper, and gold properties in Quebec, Colorado,
Utah, New Mexico, 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"
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.
Len J. Harris President T: 604 669 6807 Toll Free: 866 488 3838
E: len@anglocanex.com