Canuc Resources  (TSX.V: CDA)

Announced the signing of an agreement to acquire an additional claim at the San Javier Silver-Gold Project in Sonora State, Mexico.

The newly acquired claim is contiguous with the Company’s existing claims and covers a total of 96.5051 hectares of prospective ground.

 

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Canuc Resources	TSX.v : CDA
Stage	Exploration + production
Metals	Silver + gas
Market cap	C$17 m   @ 12.5c
Location	Sonora, Mexico, and Texas USA

 

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Canuc Acquires Additional San Javier Claim

 

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Toronto, Ontario–(Newsfile Corp. – July 11, 2023) – Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) (“Canuc” or the “Company”) is pleased to announce the signing of an agreement to acquire an additional claim at the San Javier Silver-Gold Project in Sonora State, Mexico.

The newly acquired claim is contiguous with the Company’s existing claims and covers a total of 96.5051 hectares of prospective ground.

The acquisition of this additional claim at San Javier brings the Company’s total contiguous claim position to 1,052.9 hectares. Canuc now has agreements for 100% ownership of 28 contiguous claims in the heart of the San Javier Silver-Gold mining camp.

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San Javier Area Interest

The San Javier area first came back into focus during September of 2020 when Barksdale Resources Corp. announced an earn in on several claims covering a combined 1,184 hectares of ground in the San Javier mining and exploration camp. These exploration claims (previously held by Constellation Copper Corp.) are contiguous with Canuc claims to the south, west and east.

Further interest in the San Javier area came during October 2020 when Osisko Development Corp. announced acquisition of the San Antonio claims group (previously held by Red Tiger Mining Inc.).

The San Antonio claims acquired by Osisko Development Corp. are contiguous with Canuc claims to the north, south and east. The San Antonio claims cover an area of 11,338 hectares.

 

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 Christopher Berlet, President and CEO of Canuc Resources Corp. stated

“The recently purchased claim is a strategic addition to the company’s claim group at San Javier and provides Canuc with comprehensive coverage of an area surrounding the largest magnetic-high anomaly detected during the company’s magnetic survey of 2021.

 

“This principal magnetic-high anomaly, measuring 800 meters by 400 meters, is manifest approximately 300 meters west of where magnetite silver veining comes to surface and where old artisanal mine workings were tunneled on magnetite veins which sampled high to bonanza grades of silver.

 

“The magnetic-high anomaly also has dimensions similar to, and is coincident with, an area previously reported where the company sampled elevated silver in soils extending for over 800 meters of strike length and detected over a width of approximately 400 meters.

 

“This area, and the associated magnetic-high anomaly, represents the company’s primary target for the discovery of silver IOCG deposition at San Javier,”

 

“The detection of massive magnetite and magnetite veining on company claims, which is found in combination with high to bonanza grades of silver that is manifest with a preponderance of silver halides, as well as the prevalence of copper and gold mineralization, have given us confidence in the IOCG thesis for ore genesis at San Javier.”

 

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To read the full news release, please click HERE

 

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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Disclosure

At the time of writing the author holds no shares in Canuc Resources

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