Canuc Resources (TSX.V: CDA)
Announced the signing of agreements to acquire three additional claims at the San Javier Silver-Gold Project in Sonora State, Mexico.
The newly acquired claims are contiguous with the Company’s existing claims and cover a combined 104.5 hectares of prospective ground, close to projects owned by Osisko Development and Barksdale.
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Canuc Resources drilling at Silver Mountain, Sonora, Mexico.
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| Canuc Resources | TSX.v : CDA |
| Stage | Exploration + production |
| Metals | Silver + gas |
| Market cap | C$7 m @ 6c |
| Location | Sonora, Mexico, and Texas USA |
Canuc Resources Corporation (TSX-V: CDA) (“Canuc” or the “Company”) is pleased to announce the signing of agreements to acquire three additional claims at the San Javier Silver-Gold Project in Sonora State, Mexico. The newly acquired claims are contiguous with the Company’s existing claims and cover a combined 104.5 hectares of prospective ground.
The acquisition of these three additional claims at San Javier brings the Company’s total contiguous claim position to 956.4 hectares. Canuc now has agreements for 100% ownership of 27 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. (TSX-V: BRO) 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. (TSX-V: ODV) 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 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.”
“We have assembled an unencumbered ground position of 27 contiguous claims covering key geological features of the San Javier IOCG system.
“This progressive accumulation of claims in the San Javier mining camp is in keeping with our objectives for value development as a junior exploration and development company.”
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For brevity, this summary has been redacted, to read the full news release, please click HERE
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Disclosure
At the time of writing the author holds no shares in Canuc Resources.
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