Canuc Resources Corp (TSXV: CDA) this morning updated the market on its current exploration targets for its ongoing field work at the firms San Javier Silver-Gold project. Canuc currently believes that there is a “distinct possibility” of finding silver-gold bearing breccia along the current trend based on current exploration work being done on site.
The San Javier silver-gold project is located in Sonora State, Mexico, and is currently Canuc’s flagship project. At the present time, the company currently owns a total of 17 mineral claims for the property, totaling 416.2 hectares. The claims include a series of 3 northeast trending, parallel fault and vein structures that have been traced for over 3 kilometres on Canuc’s property.
Past exploration work has occurred on the property, with at least five historic underground mine workings being present on the property. Numerous vein and breccia hosted silver and gold have been identified from previous exploration conducted at surface, which are known to occur down-dip from adjacent prospects.
“Uncovering further mineralized breccia zones on surface is the objective of current exploration. Success would be of meaningful geological importance and could have a significant impact on our understanding of structure, as well as on our interpretation of the geological potential at San Javier.”Chris Berlet, CEO of Canuc Resources
Canuc is currently focused on these breccia zones. The zones appear to be intrusion related, while having the potential to host what the company refers to as “large tonnage deposits.” The current work program consists of a five person work crewthat is focused on locating, confirming, and evaluating large scale breccia zones on the property. Presently, the company expects to collect at least 350 samples from the property, which are expected to see results reported as they come available. Such a discovery would mark a noted change in potential for a significant mineral discovery on the property.
Canuc Resources last traded at $0.16 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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.