Mr. Christopher Berlet reports
CANUC ACQUIRES CLAIMS COVERING 271 HA WITHIN EAST SUDBURY PROJECT (ESP)
Canuc Resources Corp. has acquired 13 additional mining claims within the company's East Sudbury project in the Sudbury, Ont., region. The newly acquired claims total approximately 271 hectares and further expand the company's strategic land position in the area.
The additional claims are situated within the broader East Sudbury project mineralized corridor east of the McLaren Lake fault zone, and are considered to be prospective for critical and precious metal mineralization within a system that can form iron oxide copper/gold and affiliated mineral deposits. The acquisition strengthens Canuc's footprint in one of Canada's leading mining jurisdictions and complements the company's existing exploration initiatives on the project.
"The acquisition of these claims further consolidates Canuc's highly prospective land position along the McLaren Lake fault zone within the company's East Sudbury project. The claims are located just east of the area being covered by the seismic survey undertaken by NRCan and will also be covered by the concurrent gravity gradiometric survey being flown by Bell Geospace," stated Chris Berlet, president and chief executive officer of Canuc.
"The advanced geophysics which is scheduled to cover the area of these newly acquired claims is expected to provide critical information relating to IOCG and MIAC deposit targets along and beside the McLaren Lake fault zone within the company's East Sudbury project. The claims are considered to be an important and strategic acquisition, extending the company's landholdings along the eastern side of the fault."
The company has integrated these newly acquired claims into continuing exploration initiatives, including the coming exploration and geophysical programs.
The technical information in this release has been reviewed and approved by Seymour Sears, BA, BSc, PGeo, a non-independent qualified person as defined by National Instrument 43-101, who is currently managing exploration activity on the ESP.
About Canuc Resources Corp.
Canuc is a junior resource company developing its 100-per-cent interest in the East Sudbury project, which spans 20,078 hectares and is centred approximately 20 kilometres northeast of the prolific Sudbury mining camp and near to the extensive infrastructure of the adjacent Sudbury mining district. ESP encompasses several centres of critical and precious metal mineralization interpreted to be related to a mineral system that can form IOCG and affiliated critical and precious mineral deposits. Included within the project is the historical Scadding gold mine and associated Scadding gold tailings project.
Canuc also holds a 100-per-cent interest in the San Javier silver-gold project located in Sonora state, Mexico. The San Javier silver-gold project spans 28 claims covering 1,052 hectares, and evidences extensive silver, gold and copper mineralization interpreted to be related to a mineral system that can form silver-dominant IOCG and affiliated deposits.
Canuc generates cash flow from natural gas production at its MidTex energy project located in central-west Texas, United States, where Canuc has an interest in eight producing natural gas wells and has rights for further infield developments. The company also receives a 4-per-cent net smelter royalty from gold production at the Scadding gold tailings project located on mining claim LEA 107735 within the ESP property group.
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