Canuc Reports 10 Metres of 210 g/t Silver & 5.0 g/t Gold at Carranza—Lydia
www.canucresources.ca
FOR IMMEDIATE RELEASE TSX-V: CDA | CNUCF | WKN: A14 ZX4
February 8th, 2018 LEI: 549300ZHOHMQNXJT7S74
Shares Outstanding: 45,714,150
Canuc Reports 10 Metres of 210 g/t Silver & 5.0 g/t Gold at Carranza—Lydia Zones
Canuc Resources Corporation (“ Canuc” or the “ Company”) (TSX-V: CDA) is pleased to
announce initial results from a recently comple ted surface rock sampling program conducted at
the Carranza and Lydia zones on the Company’s San Javier project, Sonora, Mexico.
Mapping and sampling at the Lydia zone has iden tified a wide breccia zone up to 40 m across
and trending NE-SW with a moderate southeasterly dip. Two lines of surface rock samples,
located 40 m apart, were collected perpendicular to the trend of the breccias. One line returned
10 m averaging 210 g/t Ag and 5.0 g/t Au, in cluding 6 m of 324 g/t Ag and 7.8 g/t Au. This
line is above and roughly parallel with the main Lydia working where a 9 m interval averaged
173 g/t Ag and 0.78 g/t Au . These two mineralized intercepts are about 40 m apart horizontally,
or about 70 m down dip. The other line contains two separate zones, about 8 m apart, that
averaged 244 g/t Ag, 2.27 g/t Au and 99 g/t Ag, 0.36 g/t Au—each over 4 m widths.
At Carranza zone, a 4 m interval, located east of the 11 m section that averaged 238 g/t Ag and
0.72 g/t Au (2013), yielded 100 g/t Ag and anomalous Au. Twenty-five metres to the south
occurs a 6 m interval that averages 162 g/t Ag and 0.83 g/t Au.
Link to diagram representing gold and silver results at the Carranza and Lydia zones:
http://canucresources.ca/wp-content/uploads/03-CARRANA-LYDIA-PR-MAP-FEB-8.pdf
Sampling and mapping suggests that the precious metal mineralization, hosted by siliceous veins
and breccias, is controlled by th e Paleozoic fault (N-S to NE-S W) nearby. The fault, located
between 20 m and 30 m NW of the mineralizati on at Carranza, is exte nsively covered with
overburden, negating further surface sampling; the terrain does not permit for bulldozer
excavation. A drill pad is being co nstructed (see attached image) to test various targets on and
around Carranza summit, including th e covered areas of the Paleozoi c fault which is believed to
host breccia-style mineralization along both sides. Additional drill pads will be located after the
trenches between Lydia and Carranza have been constructed and sampled.
“These results confirm continuity of high grade mineralization along trend at San Javier. We are
very pleased with the higher gold numbers found at the Lydia zone which has been sampled over
a 10 metre section on surface. Internal to this s ection, there appears to be 6 metres evidencing
substantially higher gold and silver grades. As first identified in our drill program during 2017,
the defining characteristic of our San Javier property appears to be the higher relative grades.”
stated Hub Mockler, Executive Chairman.
“These relative high grades, which are now manifest on surface several hundreds of metres along
strike from the old mine workings, are notable because of the combined proximal occurrence of
both silver and gold mineralization.”
www.canucresources.ca
QA/QC
The Company has introduced two different samp le standards and one sample blank into the
sample stream at intervals that average approximately 1 per 10 samples. Samples were collected
at the Company's field office in San Javier, Sonor a in a secure environment. The samples were
transported by Company personnel to Bureau Veritas' prep laboratory in Hermosillo, Sonora, and
the resulting pulps were flown to Vancouver for analyses. All samples were analyzed for gold by
fire assay/atomic absorption finish and by multi-e lement ICP techniques. All over limit results
obtained by ICP were further analyzed by specific techniques (atomic absorption, gravimetric).
About Canuc
Canuc is a junior resources company whose prin cipal focus is exploration and development of
the San Javier Silver-Gold Project located 146 km east of Hermosillo in Sonora State, Mexico.
The company also generates cash flow from natural gas production in Central West Texas, where
Canuc has an interest in ni ne producing gas wells, and ha s rights for further in field
developments.
John Nebocat, BSc (Geological En gineering), P. Eng, Vice Presid ent Exploration for Canuc, is
the Qualified Person for the Company, as defi ned by NI 43-101, and has reviewed and approved
the contents of this press release.
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-look ing statements. The forward-lookin g 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 fo rward-looking statements incl ude 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.