Canuc Resources Corp. {TSX.V: CDA}

Has completed its final payment to Minerales y Carbones de Mexico SA de CV for the El Tule 1 claim. The agreement to purchase the claim was made in October, 2017, and the claim purchase has expanded the company’s San Javier project area by 151.14 hectares (373.47 acres).

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.Canuc completes final payment on El Tule 1 claim

2019-10-08 10:18 ET – News Release

An anonymous director reports

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CANUC ANNOUNCES FINAL PAYMENT ON EL TULE 1 CLAIM

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Canuc Resources Corp. has completed its final payment to Minerales y Carbones de Mexico SA de CV for the El Tule 1 claim. The agreement to purchase the claim was made in October, 2017, and the claim purchase has expanded the company’s San Javier project area by 151.14 hectares (373.47 acres).

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Canuc now holds 17 contiguous claims along the San Javier mineralised corridor, extending to three kilometres from the historical Santa Rosa mine workings. Earlier exploration has determined that silver-gold mineralisation strengthens to the northeast and in the direction of the El Tule 1 claim. Silver-bearing breccia and stockwork zones have previously been confirmed in this area (May 22, 2018, press release). The confirmation of silver-gold-bearing breccia zones, uncovered on surface to date, greatly enhances prospects for a significant mineral discovery at San Javier.

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With completion of the final payment, the company has secured a three-kilometre strike length along the San Javier mineralised corridor. The contiguous claim position covers both highly prospective breccia zones and downdip vein extents of the high-grade stacked vein system.

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About Canuc Resources Corp.

Canuc Resources is a junior resources company holding the San Javier silver-gold project in Sonora state, Mexico. The company generates cash flow from natural gas production at its MidTex energy project in west-central Texas, United States, where Canuc has an interest in eight producing gas wells and has rights for further in-field developments.

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Completion of the transaction is subject to exchange acceptance. There can be no assurance that the transaction will be completed as proposed or at all.

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Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.

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