Toronto, Ontario – September 27, 2022 (Newsfile Corp.) (Investorideas.com Newswire) Canuc Assets Company (TSXV: CDA) (OTCQB: CNUCF) (“Canuc” or the “Firm”) is happy to announce the signing of agreements to accumulate three further claims on the San Javier Silver-Gold Undertaking in Sonora State, Mexico. The newly acquired claims are contiguous with the Firm’s present claims and canopy a mixed 104.5 hectares of potential floor.
The acquisition of those three further claims at San Javier brings the Firm’s whole contiguous declare place to 956.4 hectares. Canuc now has agreements for 100% possession of 27 contiguous claims within the coronary heart of the San Javier Silver-Gold mining camp.
San Javier Space Curiosity
The San Javier space first got here again into focus throughout September of 2020 when Barksdale Assets Corp. introduced an earn in on a number of claims protecting a mixed 1,184 hectares of floor within the San Javier mining and exploration camp. These exploration claims (beforehand held by Constellation Copper Corp.) are contiguous with Canuc claims to the south, west and east.
Additional curiosity within the San Javier space got here throughout October 2020 when Osisko Improvement Corp. introduced acquisition of the San Antonio claims group (beforehand held by Pink Tiger Mining Inc.). The San Antonio claims acquired by Osisko Improvement Corp. are contiguous with Canuc claims to the north, south and east. The San Antonio claims cowl an space of 11,338 hectares.
“The detection of large magnetite and magnetite veining on firm claims which is discovered together with excessive to bonanza grades of silver that’s manifest with a preponderance of silver halides, in addition to the prevalence of copper and gold mineralization, have given us confidence within the IOCG thesis for ore genesis at San Javier.” Acknowledged Christopher Berlet, President and CEO of Canuc Assets Corp.
“We have now assembled an unencumbered floor place of 27 contiguous claims protecting key geological options of the San Javier IOCG system. This progressive accumulation of claims within the San Javier mining camp is in step with our targets for worth improvement as a junior exploration and improvement firm.”
Canuc is a junior useful resource firm specializing in its San Javier Silver-Gold Undertaking in Sonora State, Mexico. The Firm additionally generates money circulation from pure gasoline manufacturing at its MidTex Vitality Undertaking in Central West Texas, USA the place Canuc has an curiosity in eight (8) producing pure gasoline wells and has rights for additional in discipline developments.
For additional info please contact:
Canuc Assets Company.
(416) 525 – 6869
This information launch comprises forward-looking info. All info, aside from info of historic reality, represent “forward-looking statements” and consists of any info that addresses actions, occasions or developments that the Company believes, expects or anticipates will or could happen sooner or later together with the Company’s technique, plans or future monetary or working efficiency.
When used on this information launch, the phrases “estimate”, “mission”, “anticipate”, “anticipate”, “intend”, “imagine”, “hope”, “could” and comparable expressions, in addition to “will”, “shall” and different indications of future tense, are supposed to establish forward-looking info. The forward-looking info relies on present expectations and applies solely as of the date on which they have been made. The elements that might trigger precise outcomes to vary materially from these indicated in such forward-looking info embody, however will not be restricted to, the power of the Company to fund the exploration expenditures required underneath the Settlement. Different elements similar to uncertainties relating to authorities rules might additionally have an effect on the outcomes. Different dangers could also be set out within the Company’s annual monetary statements, MD&A and different publicly filed paperwork.
The Company cautions that there may be no assurance that forward-looking info will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such info. Accordingly, buyers shouldn’t place undue reliance on forward-looking info. Besides as required by legislation, the Company doesn’t assume any obligation to launch publicly any revisions to forward-looking info contained on this press launch to mirror occasions or circumstances after the date hereof.
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