Canuc Resources (TSXV: CDA) has acquired new claims at its flagship San Javier project, located in Mexico. The new claims are contiguous to the firms existing holdings, and effectively double the land position that the company holders at the silver-gold IOCG project.
The newly acquired claims, of which there are five in total, cover a total of 416.9 hectares at the property, making the combined property a total of 833.1 hectares in size, all of which is contiguous. The new property reportedly covers extensions of at least one IOCG target that is on the property.
The new proprerty was acquired in advance of drilling that is anticipated to begin on the property in the next few weeks. Drilling is to test targets based on detailed ground magnetic surveys, following three large anomalies that were reported on earlier this month. The anomalies, which measure 1,000 by 600 m, 800 by 600 m, and 600 by 600 m, are currently believed to be suggestive of an Iron-Oxide-Copper-Gold (IOCG) style of mineralization.
“We are pleased to have been able to acquire important mineral claims at San Javier in advance of drilling on the IOCG targets that have recently been identified on our Company ground. The Canuc team believes that we have significant discovery potential, and that our ground position is centrally located in what is rapidly becoming a dynamic mining and exploration camp.”
Christopher Berlet, President & CEO of Canuc Resources Corp
Canuc Resources last traded at $0.22 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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