Vancouver, British Columbia–(Newsfile Corp. – March 28, 2017) – Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") 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
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
* 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.
