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Canuc Resources Corp.
Summary
| Project: | San Javier | |
|---|---|---|
| Deposit: | Santa Rosa | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 10/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-10-2017: Canuc Resources Corp. announces an Exploration/Drilling Update report for its Santa Rosa deposit at the San Javier project. Drilling results incl. 1.48m @ 1514g/t Ag, 2.91g/t Au, 4.18% Pb, 5.6% Zn from 138.77m. Toronto, Ontario--(Newsfile Corp. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Nebocat (Internal) | |
| ABSTRACT: | Toronto, Ontario--(Newsfile Corp. - October 4, 2017) - Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") announces that drill hole SJ17-003 has intersected high-grade silver with meaningful gold, lead and zinc credits. Drill hole number 3 intersected the Santa Rosa vein (SRV) in two separate splays. The lower splay, from 138.77 to 140.25 meters, averaged 1,514 g/t (50 oz. /ton) silver, 2.91 g/t gold, 4.18% lead and 5.6% zinc over 1.48 m. The upper splay, from 128.5 to 128.87 m, averaged 156 g/t silver, 0.39 g/t gold, 1.01% lead and 1.86% zinc over 0.37 m. High-grade silver values found in the lower vein are a reflection of the metal values and vein quality that brought about early mining at San Javier. Both diamond drilling and surface sampling indicate that mineralization in the SRV system increases in the northeast direction. In recognition of this Canuc has concluded an agreement to acquire an important 151 hectare claim block known as Tule 1. This claim envelops the Company's existing San Javier property to the northeast and adds considerable strike length to the SRV mineralized corridor. "The prospect of the breccia bodies becoming wider at depth and carrying better silver and gold grades could be an important development for our project as it would lay the foundation for a low cost, bulk tonnage operation," states Hub Mockler, Executive Chairman. "The recently completed drill program has been very successful in that it showed significant continuity of the Santa Rosa vein which remains open to the northeast, to the southwest and at depth. Also, the suspected presence of several other sub-parallel gold and silver bearing veins has been confirmed. Although the Company is at an early stage of exploration at San Javier, we are extremely pleased with the results to date and firmly believe that the next phase of exploration can be even more productive." | |
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