Anglo Canadian Uranium Corp. Announces Otish Basin Uranium Exploration Results
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VANCOUVER, BC, May 27 (MARKET WIRE) --
Anglo Canadian Uranium Corp. (TSX-V: URA) (FRANKFURT: AU3) (the
"Company") is pleased to announce it has received a final interpretation
report of the airborne survey completed on its Big Mac and Charles
Uranium projects located in the Otish Basin, Quebec. This report has
identified a number of targets for future exploration. Additional ground
prospecting and geophysics utilizing a scintillometer and magnetometer
will assist in defining targets prior to initiation of drilling. The
Otish Basin is a highly prospective area for uranium, with a number of
recent discoveries and exploration focused on further definition of
potential uranium deposits. The geology of the Otish Basin is similar to
that of the Athabasca Basin, and may host unconformity deposits.
Highlights from this report are as follows for both the Big Mac and
Charles projects.
Big Mac Uranium Project, Otish Basin, Quebec
The Big Mac Uranium Project is located 350 km northwest of Chibougamau in
central Quebec and within 0.5 km of the Cogema/Soquim's property and 2.5
to 3 km east of the L-Zone uranium deposit. The magnetic and radiometric
surveys were flown on survey lines spaced at 100 meters, and identified
the following three areas of interest for ground prospecting.
1. The large area in northeastern portion of the property associated with
high surface conductivity and cluster of high uranium isotope counts. This
area also encompasses the anomalous Uranium / Thorium ratio anomalies and
a maxmin defined conductor.
2. The easterly trending magnetic anomaly associated with the northerly
plunging low susceptibility pipe.
3. The anomalous uranium features that trend along the northwestern
border of the property. These anomalies parallel a deep body and near
surface contact.
The primary exploration target on the Big Mac Uranium Project is uranium
mineralization similar to deposits found in the area such as the L zone
and Matoush uranium discoveries. These previously identified deposits are
associated with faulting and may be detectable by magnetic and / or
conductivity trends. Initial ground prospecting will focus on locating and
identifying the source of anomalous uranium readings. These sources should
be at ground surface and are likely associated with outcrop or boulders.
The discovery of radioactive boulders will require backtracking along the
local glaciation direction to locate a bedrock source.
Charles Uranium Project, Otish Basin, Quebec
The Charles property is located 15 km southwest of the Big Mac and is
close to the southern edge of the basin. The Eastmain winter road passes
near the western boundary of the Basin. The magnetic and radiometric
surveys were flown on survey lines spaced at 100 meters, and identified
the following five areas of interest for ground prospecting.
1. The northerly trending lineation which is 2 km long and delineated by
a series of small magnetic highs and anomalous uranium features. The
combination of magnetic and photo lineaments could be indicative of
faulting that crosses the regional geological strike. Included in this
target area are two uranium ratio and ternary anomalies.
2. East - West elongated magnetic high with focus at the eastern and
western ends that exhibit elevated uranium counts.
3. A series of elevated uranium and thorium anomalies straddling the
southern claim boundary.
4. Elevated uranium anomalies in the northwest corner of the claim,
coincident with intersecting magnetic lineaments.
5. The large northeasterly oriented magnetic trend and parallel
radiometric high trend that cuts the SE corner of the property. A high
proportion of potassium suggests the possibility that the magnetically
delineated zone is associated with a hydrothermal alteration system. Very
high radiometric readings in all channels coincide with the southeastern
edge of the magnetic anomaly suggesting a geological contact.
This primary exploration target is also similar to the L zone and Matoush
uranium discoveries. Ground prospecting is recommended with the use of a
scintillometer.
The Company is very encouraged by this airborne survey, and will intiate
the recommended ground prospecting program in summer 2009. This program
will assist in the definition of potential drill locations, which will
follow upon interpretation of ground results.
Detailed magnetic and radiometric maps will be available on the Company
web site.
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
T: 604 669 6807
Toll Free: 866 488 3838
E: len@anglocanex.com
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
Copyright 2009, Market Wire, All rights reserved.
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