NR: Phase One Exploration Program at Ore Gold Property in Yukon
posted on
Oct 20, 2009 06:45PM
Anglo Canadian Uranium is a junior mineral exploration company with uranium, copper, and gold properties in Quebec, Colorado, Utah, British Columbia, and Yukon.
Re: News Releases - Tuesday, October 20, 2009
Phase One Exploration Program at Ore Gold Property in Yukon
Complete
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Anglo Canadian Uranium Corp. (TSX-V: URA) is pleased to announce that
preliminary exploration efforts on the Ore Property in the White
River-Dawson District have been completed. A mapping and prospecting
program of the Ore Property is currently underway, with preliminary
results of this work establishing that several klippe of prospective
ophiolitic rocks overlie a shale-matrix supported ophiolitic mélange
unit. The basal portions of the ophiolitic klippe are intensely
talc-carbonate +/- altered (listwanite) with shales in the immediate
tectonized footwall zone being highly carbonaceous (graphitic).
Tectonic blocks of ultramafic, diabase and mafic volcanic rocks within
the mélange zone are pervasively carbonate altered. This tectonized
contact zone displays intense and pervasive hydrothermal alteration
with numerous quartz and quartz-carbonate veins. These veins along with
the carbonaceous unit have been sampled for assay.
The Ore Property overlies a broad belt of the White Channel Gravels, a
distinctive quartz cobble conglomerate. Extensive placer mining
activity in the area has provided considerable amounts of bedrock
exposure, in particular along Last Chance and Hunker Creeks. By
Klondike standards bedrock exposure is considerable. This provides a
definite advantage at the Ore Property in determining possible geologic
controls to mineralization and to help define exploration targets.
Placer operations at Last Chance Creek traverse the property area.
Historical production during the period 1998-2006 at Last Chance Creek
amounted to approximately 37,056 crude ounces of gold during the period
1998-2006. During the same period, placer operations at Hunker Creek,
located just to the east of Ore Property, produced 61,872 crude ounces
of gold. The source of the gold from these operations is yet to be
traced.
High quality placer roads extend throughout the property area and the
Klondike Highway is within 3 kilometers of the property. This extensive
road network will be used to facilitate ongoing exploration efforts.
The Qualified Person for this report is Kevin Brewer, a registered
professional geoscientist with the Association of Professional
Engineers and Geoscientists of British Columbia.
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"
Len J. Harris, President
T: 604 669 6807
Toll Free: 866 488 3838
E: len@anglocanex.com