Canuc Resources Provides 2021 Exploration Update for San Javier
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FOR IMMEDIATE RELEASE TSX-V: CDA | CNUCF | WKN: A14 ZX4
December 14th, 2021 Shares Outstanding: 109,856,150
ISIN: CA1389093040
Canuc Resources Provides 2021 Exploration Update for San Javier
Canuc Resources Corporation (“Canuc” or the “Company”) (TSX -V: CDA) (OTCQB: CNUCF)
is pleased to provide a December 2021 update on the exploration program currently in progress at
the Company’s San Javier Ag-Au Project in Sonora State, Mexico.
In 2020 Canuc ca rried out a very successful sampling program at surface and in shallow
underground workings that identified numerous high-bonanza grade silver occurrences hosted by
magnetite bearing veins and hydrothermal breccia bodies. A drone-supported magnetic survey was
completed late in the year and was accompanied by reconnaissance scale geological mapping.
Several large magnetic anomalies were identified and targeted for drill testing.
In February of 2021, a diamond drill was mobilized to San Javier to be used on a long-term as-
needed basis with plans to systematically evaluate the high priority targets. Drilling has proceeded
slower than anticipated because of equipment and logistical i ssues which have been exacerbated
by covid-related complications. The drill operated for 102 days during the period February 11 to
December 1, 2021, completing 1,753 metres in 4 holes. From this drilling, 964 samples were
collected and submitted for assay. Summaries of the geology and intersections for the first 3 holes
were announced in an earlier news release (October 12, 2021).
2021 Current Hole SJ-21-04 Targeting Copper Intrusive
Hole SJ-21-04 is being drilled near the center of the property and was originally designed to test a
broad magnetic anomaly interpreted to be at a depth of 300 m. The hole entered a zone consisting
of stockwork quartz and calcite veining, hydrothermal breccia and highly fractured and veined
hornfels (contact metamorphic rock) at 304 m and continued in this material to its current depth of
1,023.5 m where it is temporarily suspended awaiting mobilization of a larger rig for continuation
to depth. Assay results from the lower part of the hole are pending. Veining in the hole contained
from 3 to 10% sulphides and included pyrite, pyrrhotite and chalcopyrite. Assay results have been
received to a depth of 912 m typically in 2 metre sample lengths. Values for Au ranged from <0.005
to 0.151 g/t Au; <0.3 g/t Ag; 5 to 1,781 ppm Cu; and 1.0 to 27.5% Fe. This hole is being continued
at depth to target a prospectively mineralized intrusive which is believed to be the source of the
contact metamorphism evidenced in recovered core.
2021 Significant San Javier Mineralogy Determinations
Since chalcopyrite has been observed throughout hole SJ-21-04, a sample was submitted to
Laboratorio Nacional de Geoquimica y Mineralogia, Instituto de Geologia, Universidad Nacional
Autónoma de México in Hermosillo for identification by the XRF method. The dominant sulphide
identified was pyrrhotite with lesser amounts of pyrite, chalcopyrite and putoranite (a Cu-Ni-Fe-
sulphide). Putoranite is not a normal copper-iron mineral in typical porphyry deposits but instead
is more often associated with magmatic related deposits (which could include magmatic -
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hydrothermal IOCG deposits). The detection of putoranite is less relevant when considered in
isolation, than when considered in the context of the significant finding of silver halide dominance
as reported in August of this year (see news release August 4, 2021).
In August 2021 it was reported that (~73%) of the silver minerals found at San Javier are silver
halides (such as AgCl, AgBr, AgI and AgFl) while a smaller relative percentage (~27%) were found
to be Acanthite (Ag 2S). This relative weighting in silver mineralogy is not common for silver
deposits in the Western USA and Mexico but is consistent with silver mineralization that can be
associated with IOCG deposit types.
2021 New Gold Zone
Approximately 11.2 km of drill and trench access roads were completed during the year. One of
these roads encountered bedrock consisting of stockwork quartz veining and hydrothermal breccia.
A strong northwest trending structure containing gold mineralization was identified along a strike
length of more than 3 km ( see news releases Aug 28, 2021, and Oct 12, 2021). The zone was
prospected, and a series of trenches were cut at right angles to the structure along a 1 km section.
A total of 672 channel samples were collected from trenches and roadcuts within this area. Gold
values from these samples ranged from <0.005 to 3.18 g/t; silver from <0.3 to 169 g/t; and copper
from 5 ppm to 2.85%. Numerous broad intervals with elevated gold and copper values were
discovered within this first 1 km section including:
• Road near Trench 1: 14.5 m @ 0.47 g/t Au, 0.37% Cu.
• Trench 1: 56 m @ 0.305 g/t Au.
• Trench 2: 26 m @ 0.212 g/t Au.
• Trench 2A: 10 m @ 0.195 g/t Au.
• Trench 3: 13 m @ 0.16 g/t Au, 0.48% Cu.
This initial sampling program has tested an area of approximately 1 km of the 3 km strike length
of this zone, and stripping has so far been confined to areas of relatively easy access.
The work program was carried out by a 5 -person crew. In addition to drill supervision, logging
and sampling, approximately 365 person-days were spent on geological mapping and 440 person-
days were spent collecting rock samples from outcrop, trenches and old underground workings. A
total of 1,305 rock samples were collected and assayed from the new gold zone and from other
zones on the property.
2021 High Grade Silver Confirmation
The 2021 sampling program included 30 samples collected from known magnetite bearing
prospects in the northern part of the property. These samples were collected to verify high grade
silver mineralization from previous sampling as well as to trace this mineralizati on on the
Company’s newly acquired claims. Twenty-Three (23) channel samples averaging 0.7 m wide
were collected from sites on the Company’s claims that had been previously sampled . The new
samples assayed up to 1.672 g/t Au, 1,877 g/t Ag and 6,823 ppm Cu (see Table 1 for details). These
results are very similar to results from previous sampling and confirm the high -grade nature of
these zones.
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Table 1 - 23 Verification Samples
Metal Low High Weighted
Average
Au (g/t) 0.006 1.437 0.094
Ag (g/t) 10.3 1,877 295
Cu (ppm) 118 6,823 1,784
Fe (%) 0.42 >40 23.2
Seven (7) channel samples averaging 0.8 m in width were collected from old mine workings found
on recently acquired claims (claims acquired in 2021). These samples contained notable values in
Au (up to 1.67 g/t), Ag (up to 511 g/t) and Cu (up to 1,854 ppm) (see Table 2 for details).
Table 2 - 7 Samples from Newly Acquired Claims
Metal Low High Weighted
Average
Au (g/t) 0.009 1.672 0.149
Ag (g/t) 32.8 511 282
Cu (ppm) 123 1,854 604
Fe (%) 1.92 >40 18.5
The workings with sample results reflected in Table 2 are located approximately 400 m along strike
from the trend where bonanza grade Ag values were reported on the Company’s claims in an earlier
news release (October 14, 2020) and which has now been resampled as reflected in Table 1 above.
The host rocks in all of these zones are massive magnetite-matrixed breccias and their associated
veining.
The Company has 100% ownership of 24 contiguous claims in the heart of the San Javier
exploration and mining camp. The property is bounded on the south and southeast by the Cerro
Verde Cu-Au property of Barksdale Resources Corp. and on the north and northeast by the San
Antonio Cu-Au property held by Osisko Development Corp. Both Barksdale Resources Corp. and
Osisko Development Corp. have reported ongoing drill programs in the area. The San Javier area
has become increasingly recognized as being highly prospective for IOCG, porphyry and other
Intrusion-related Au, Ag and Cu-Au mineralization.
“We have had some delays in 2021 at San Javier but have also made some key determinations and
discoveries. The IOCG thesis for ore genesis is intact. We have added some important claims to
our ground position and have uncovered a new gold-copper zone that is manifest across a sizeable
surface extent. We have also confirmed a high -grade metal suite and mineralogy which is
consistent with our geological models and expect to make meaningful progress with drilling in
2022,” stated Christopher Berlet, President and CEO of Canuc.
Quality Assurance – Quality Control
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All drill core is sawn in half with one half being placed in properly labelled bags and the other half
stored at the Company’s secure logging and storage facility in the town of San Javier. Quality
Control (QC) samples including blanks, duplicates and standard reference materials are inserted
at regular intervals in the sample stream to monitor laboratory performance. The samples are
delivered by Canuc personnel to the Bureau Veritas preparation laboratory in Hermosillo. At the
Hermosillo facility, each sample is crushed, and a 200-gram split is pulverized and then sent to
their analytical facilities in North Vancouver, British Columbia for analysis. Both facilities are
accredited to the ISO/IEC 17025 standard for gold and silver analysis. The sampl es are assayed
for gold by Fire Assay with an AAS finish. Silver content is determined as part of an Aqua Regia
digestion, multi element ICP-ES analysis. Samples containing more than the upper detection limit
by these methods (over-limits) are re-assayed by Fire Assay with a gravimetric finish.
Seymour M. Sears, B.A., B.Sc., P.Geo. is the Qualified Person for the Company, as defined by
NI 43-101, and has reviewed and approved the contents of this press release.
About Canuc
Canuc is a junior company focusing on exploration of the San Javier Silver-Gold Project in Sonora
State, Mexico. The Company has 24 contiguous claims that are prospective for IOCG style
mineralization. Canuc also generates cash flow from natural gas production at its MidTex Energy
Project in Central West Texas, USA where the Company holds an interest in 8 producing natural
gas wells and has rights for further in field developments.
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.
The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such information. Accordingly,
investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation
does not assume any obligation to release publicly any revisions to forward -looking information contained in this
press release to reflect events or circumstances after the date hereof.
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