JOHANNESBURG (miningweekly.com) – TSX-listed Anglo Canadian Uranium has acquired a 100% interest in four separate claim blocks in west-central Yukon Territory, in the general area of mineral explorer Underworld Resources’ new White Gold discovery.

Anglo Canadian's claim blocks cover about 2 800 ha 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.

"We are pleased to have acquired a 100% interest in such prospective ground for staking costs," said Anglo Canadian CEO and president Len Harris.

"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 mobilising exploration crews to collect additional data to help plan for a drilling programme later this year."

This area of the Yukon has recorded gold production exceeding ten-million ounces, from the well-known Klondike District, Anglo Canadian said in a statement.

At the Armenius property, government records report that an 18 m 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 about 50 km north of the 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 about 70 km north-northwest of White Gold property.

The other two properties are located at Henderson Creek, 10 km northeast of  White Gold. The properties cover prospective geology in a well-known active placer gold mining area.

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