Mr. Len Harris reports
ANGLO CANADIAN INTERSECTS 65.6 FEET (20 METERS) OF 0.64% CU AT PRINCETON COPPER GOLD PROJECT
Anglo-Canadian Mining Corp. has released assays from its Princeton copper-gold project located near Princeton, B.C. The company completed three holes in mineralization hosted by Triassic-Jurassic-Nicola-group island-arch volcanic assemblages and co-magmatic monzonite to diorite plutons. Two holes were located in the Combination zone, located two kilometres south of the Copper Mountain Rifle and Oriole zones, and within four kilometres of the Copper Mountain mill.
Assay results from this drill program are shown in the attached table.
Intersection Length Copper Silver
Hole No. (depth) (m) (%) (g/t)
PR-12-26 141 to 161 m 20 0.64 2.6
Including 145 to 161 m 16 0.77 3.1
And 145 to 159 m 14 0.86 3.5
PR-12-27 33 to 39 m 6 0.44 1.9
91 to 103 m 12 0.35 3.3
151 to 164.5 m 13.5 0.14 1.0
189.25 to 207.87 m 18.6 0.16 1.0
Note: PR-12-25 was drilled to 250.2 metres to the south at
minus 60 degrees and was not assayed.
PR-12-26, drilled on Anglo Canadian's Princeton property, is located in the Combination zone on the company's property approximately 22 kilometres south of Princeton, B.C., and four kilometres south of Copper Mountain Mines Ltd.'s 36,000-tonne-per-day mill and mining operation. The present cut-off grade at Copper Mountain's operation is 0.1 per cent copper. PR-12-26 was drilled to 261.2 metres to the north at minus 60 degrees and was drilled to test the high-grade section of hole PR-11-06.
PR-12-27 was drilled to 207.87 metres to the north at minus 60 degrees and bottomed in mineralization. Hole PR-12-27 was drilled 112 metres northeast of hole PR-12-26 in the direction of a historic mineralized shaft approximately 400 metres to the west and approximately 800 metres from the 3-D induced polarization/magnetic high-chargeability zone also farther to the west. This entire 800 metres has potential for mineralization as it is located on a contact between the volcanics and the intrusive rocks. Hole PR-12-27 bottomed in the Lost Horse complex intrusive, and drilling was terminated due to faulting. The Lost Horse intrusive is generally thought to be the heat source that caused copper mineralization at the Copper Mountain mine.
The company has a permit for another 15,000 metres of drilling which will take place as weather permits. Drill holes are planned to follow up 3-D chargeability anomalies. Geologic mapping and geophysics are also planned for the coming season. SJV geophysics of Delta, B.C., is scheduled to conduct downhole electromagnetic tests on selected drill holes. This newly developed geophysical tool may help to determine positioning of the company's next drill holes. The company's claims cover approximately 2,200 hectares, most of which adjoin the Copper Mountain claims.
James Turner, PGeo, a qualified person under National Instrument 43-101, reviewed and approved the technical disclosures of this press release on behalf of the company.
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