Canuc Resources Corp (TSXV: CDA) this morning announced the commencement of its drill program at its flagship San Javier Silver-Gold project in Sonora State, Mexico. The program will see several thousand meters drilled at the project, where the company is in search of an IOCG deposit.
A drill permit has been secured for the program, with drill pad construction currently underway at site. The company intends to see a diamond drill mobilized to site next week to begin formal drilling of the property.
Drilling is to target geophysical anomalies and mineralized breccia and stockwork zones, including three distinct magnetic anomalies that were identified in a recent drone magnetic survey conducted last month. The first target under the program will be near to where silver assays of 2,859 g/t were reported within a magnetite vein previously.
Finally, a core shack and storage area is currently under construction as well, which is designed to hold 20,000 metres of diamond drill core from the firms drill programs.
Canuc Resources last traded at $0.28 on the TSX Venture.
.FULL DISCLOSURE: Canuc Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Canuc Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
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