Toronto, Ontario--(Newsfile Corp. - May 22, 2018) - Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the
"Company") is pleased to provide an update on exploration at the San Javier Project.
Samples taken from the northeast portion of the San Javier mineralized corridor (SRMC) returned high grade silver results of up
to 625 g/t Ag over 1.5 metres from breccias at the Chiripas workings. Chiripas is located some 3,000 metres northeast of the Santa
Rosa mine workings (see Figure 1). The nearby Little Pit showing also yielded results of up to 477 g/t Ag over 3.8 metres in vein
material. The Jazmin working, located further southwest along the SRMC, has also yielded up to 698 g/t Ag over 2.0 metres in vein
material samples (see Table 1 sample results).
Figure 1. Schematic Plan View of Veins and Showings along the SRMC
To view an enhanced version of Figure 1, please visit:
[http://orders.newsfilecorp.com/files/2906/34757_a1526992786254_80.jpg]
* Grid spacing is 1,000 metres
"These results clearly indicate that high grade silver vein mineralization, and also silver bearing breccia geology, is
evidenced along the full 3 km strike extent of the San Javier structure and the San Javier mineralized corridor. This is very
encouraging for geological prospects and vein continuity along trend in the northeasterly direction, and suggests potential for a
robust high-grade and vein hosted mineral endowment." Stated Hub Mockler.
Table 1. Select Samples from Showings along the SRMC
Zone |
Style |
Width (m) |
Ag (g/t) |
Au (g/t) |
Jazmin |
breccia |
2.0 |
698 |
---- |
Uvulama 2 |
vein |
0.85 |
379 |
---- |
Uvulama 2 |
vein |
0.4 |
786 |
---- |
Uvulama 3 |
breccia |
0.25 |
268 |
0.30 |
Esperanza |
dump material |
Caved, no access |
272, 306, 336 |
---- |
Little Pit |
vein |
3.8 |
477 |
---- |
Chiripas |
breccia |
1.50 |
625 |
---- |
Chiripas |
breccia |
0.3 |
619 |
---- |
Chiripas |
breccia |
0.9 |
240 |
---- |
Chiripas |
breccia |
0.45 |
465 |
---- |
Canuc also announces that it has released from option 2 claims of the 19 claim ground position at San Javier. These 2 claims,
which represent just over 8% of the total claim package, were deemed to have metal budgets insufficient to support their option
costs. The remaining claims are owned outright.
About Canuc
Canuc is a junior resources company exploring the San Javier Silver-Gold Project in Sonora State, Mexico. The Company also
generates cash flow from natural gas production in Central West Texas, where Canuc has an interest in nine producing gas wells and
has rights for further in field developments.
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 further information please contact Canuc Resources Corporation:
(416) 548-9748
cberlet@canucresources.ca
Disclaimer and Forward-Looking Statements
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.