Canuc Resources Samples 718 G/T Silver At San Javier, Drilling Underway
Canuc Resources (TSXV: CDA) this morning released assay results from a rock sampling program conducted at its flagship San Javier silver-gold project in Sonora State, Mexico. Highlights from the sampling program include one sample with a reported value of 718 g/t silver.
In total, 168 rock samples were collected from outcrop and small underground workings on the property, with the channel chips ranging from 0.5 to 3.0 metres in length. Results were broken down into three regions, the northwest anomaly, the mill-rock anomaly, and the southwest anomaly.
The strongest results came from the northwest anomaly, where the highlight value of 718 g/t silver in a sample was discovered. The sample came from an old pit that overlays the magnet anomaly found in the furthest northwest portion of the firms property.
The average silver content among all rock samples collected here was 70.5 g/t silver, which was from a total of 52 samples. On average, the samples contained 19% iron as well, with the anomaly believed to be potential evidence of a deeper subparallel feature located under cover.
Results at the mill-rock anomaly meanwhile did not have the big highlight assays as the northwest anomaly. However, among the 75 samples collected here gold grades averaged 0.136 g/t gold, as well as 301 ppm copper and 8.6% iron, with the anomaly being distinct from the silver dominance of other anomalies on the property. The strong copper and gold figures reported relative to the other anomalies may indicate that it is the upper levels of a larger mineralized system.
Finally, 19 samples were collected at the southwest anomaly, where average grades contained 22.8 g/t silver, 50 ppm copper, 7.3% iron, and 0.558 g/t gold. The anomaly is said to be distinct from other magnetic anomalies found on the property.
“These samples were collected over areas where magnetic anomalies first came to the attention of Company geologists upon reviewing results of the recently completed magnetic survey. The magnetic anomalies were found under cover and had not been previously recognized as representing exploration target potential. The detection of elevated silver, copper and gold values from surface samples taken over the areas of these buried magnetic highs is encouraging. The exploration team now feels that these results provide drill targets in addition to the higher-grade magnetite association anomalies on which we have started our exploration drilling,”
Chris Berlet, CEO of Canuc Resources
Drilling is now underway on the property.
Canuc Resources last traded at $0.38 on the TSX Venture.
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