VANCOUVER, British Columbia, March 28, 2017 (GLOBE NEWSWIRE) -- Canuc Resources Corporation
(“Canuc” or the “Company”) (TSX-V:CDA) is pleased to provide summary information, previously
compiled, pertaining to work done by Santa Rosa Silver Mining Corporation (“Santa Rosa”) on the San Javier Silver/Gold project.
Prior to the merger between Canuc and Santa Rosa, Santa Rosa performed an extensive channel sampling program of
the vein(s) mined intermittently since the 1950s. The channel sampling program was carried out in 2012 under the guidance of
Seymour Sears, P.Geo, whose NI 43-101 report on the San Javier project can be viewed on SEDAR.
The Santa Rosa mine consists of five levels, plus connecting sub-levels, spanning a strike length of 490 m and
135 m down dip (~100 m vertically below surface). The vein ranges from 0.3 m to 5.0 m in width
and is open along strike in both directions, and also down dip. A total of 341 samples of vein material were collected; the
weighted average grade was:
388 g/t (11.3 oz/t) Ag, 2.02 g/t (0.06 oz/t) Au, 1.58% Pb &
1.28% Zn over 1.45 m.* avg. width.
Figure 1 Long Section Santa Rosa Mine
http://canucresources.ca/project/san-javier-project/santa-rosa-long-section-1/
Two sub-parallel veins, El Capulin and Las Norias, occur in the footwall rocks below the Santa Rosa vein; the
width between these three veins is about 115 m. These veins are similar in appearance to the Santa Rosa vein and are virtually
unexplored. The host rocks to the veins are sedimentary, dominated by sandstone, but shale and coal are known to occur as
interbeds. The wall rocks next to the veins are highly fractured and altered, providing the potential to find lower grade, high
tonnage mineralization.
A drilling program, planned for the second quarter this year, will test this concept in conjunction with
detailed drilling of the Santa Rosa vein.
A control and soil sampling grid, initiated in June 2016, will be completed this year—initial soil samples are
in the laboratory at this time.
Figure 2 San Javier Plan Map
http://canucresources.ca/project/san-javier-project/san-javier-plan-map-1-1/
* The reader is cautioned that the results of the underground sampling, reported above, do not represent a
resource nor do they reflect what a potentially mineable resource may ultimately average in grade and/or width.
About Canuc
Canuc is a junior resources company engaged in the exploration and development of mineral properties in North America. In addition,
the company is active in the development of a natural gas field in Central West Texas where it has an interest in seven producing
gas wells. These wells generate a sustainable cash-flow with the potential to increase income by the drilling and completion of
additional wells.
John Nebocat, BSc (Geological Engineering), P.Eng, Vice President Exploration for Canuc, is the Qualified Person
for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.
For more information on the content of this release or about Canuc, please contact:
Christopher J. Berlet,
CFA
CEO
416 525 – 6869
cberlet@canucresources.ca
Disclaimer and Forward-Looking
Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
Forward-Looking Statements: This news release contains forward-looking
statements that include risks and uncertainties. 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 statements. The forward-looking statements are based on
current expectations and apply 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 statements include changes in the prevailing price of gold, the
prevailing price of natural gas, the Canadian-United States exchange rate, amount of gas produced that could affect revenues and
production costs. Other factors such as uncertainties regarding government regulations could also affect the results.
Other risks may be set out in the Company’s annual financial statements and MD&A.
