Canuc Drills 5 M Of 10.02 G/T Au Near Surface In Gold Lens 1
| Drill Hole Id. | Easting | Northing | Elevation | Azimuth | Dip | Depth | From (m) | To (m) | Width (m) | Au (g/t) |
| SM-25-118 | 529179 | 5166724 | 307 | 330 | -75 | 48 | Intersected a Fault Zone | |||
| SM-25-119 | 529151 | 5166725 | 306 | 325 | -46 | 51 | Outside of Main Zone | |||
| SM-25-120 | 529131 | 5166706 | 305 | 307 | -60 | 51 | 14.5 | 24.5 | 10.0 | 5.11 |
| (Incl) | | | | | | | 19.5 | 24.5 | 5.0 | 10.02 |
| (Incl) | | | | | | | 22.5 | 23.5 | 1.0 | 40.90 |
"These results are confirming continuity for Gold Lens 1, a relatively high-grade, discrete gold bearing geological structure found in place near to the old mine workings of the past producing North Pit Gold Mine on Canuc's 100% owned East Sudbury Project (ESP)," stated Christopher Berlet, President & CEO of Canuc Resources Corp.
"Our next objective will be to calculate a resource for this Gold Lens 1, which will lead to evaluating an extractive opportunity. We believe there remain multiple additional gold lenses across the property that will be identified proximal to the trend of historical gold mine workings. We also believe there is high prospectivity for uncovering a larger source model that will transform our appreciation for the potential metal endowment of the area. These high-grade drill results represent early confirmation for our updated geological models."
Canuc's updated website and PowerPoint can be found at: .
The technical information in this release has been reviewed and approved by Seymour Sears, B.A., B.Sc., P.Geo, a non-independent qualified person as defined by NI 43-101, who is currently managing exploration activity on the ESP Project.
About Canuc Resources Corporation
Canuc Resources Corporation is a junior resource company developing its 100% interest in the East Sudbury Project (" ESP ") which spans 19,710 hectares and is centered approximately 20 kilometers northeast of the Prolific Sudbury Mining Camp and near to the extensive infrastructure of the adjacent Sudbury Mining District. ESP encompasses several centers 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% 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, USA where Canuc has an interest in eight (8) producing natural gas wells and has rights for further in field developments. The Company also receives a 4% Net Smelter Royalty from gold production at the Scadding Gold Tailings Project located on Mining Claim LEA 107735 within the ESP property group.
For further information, please refer to the Company website: .
Christopher J. Berlet A. (Mining), CFA, CEO & Director of Canuc, is responsible for the content of this press release.
For further information, please contact:
Canuc Resources Corporation
(416) 525 - 6869
...
Forward-Looking Information
This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.
When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.
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SOURCE: Canuc Resources Corporation
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