Canuc Recommences Exploration at the San Javier Silver-Gold Project

Toronto, Ontario–(Newsfile Corp. – July 28, 2020) – Canuc Resources Corporation (TSXV: CDA) (“Canuc” or the “Company“) is pleased to announce that it has initiated a geological mapping and systematic sampling program along the 3 km structural corridor of the San Javier Silver-Gold Project. The San Javier Silver-Gold Project is located 1 hour southeast of Hermosillo in the prolific Sierra Madre silver belt of northwest Mexico. Mexico is the world’s second largest silver producer and most of the silver produced comes from mines in the Sierra Madre belt.

Canuc acquired the San Javier Property in January 2017 by means of a merger with a private company – Santa Rosa Silver Mining Corporation (“Santa Rosa”). Since that time additional claims have been acquired to cover a series of Ag-Au prospects along strike of the mineral trend. The current property consists of 17 claims totaling 416.2 ha and covers a series of 3 northeast trending, south dipping parallel fault/vein structures that have been traced within the property boundary for in excess of 3 km. At least five historic underground mine workings occur in the center and towards the northeast part of the property. Numerous other vein and breccia hosted Ag-Au occurrences have been identified from previous surface exploration and are known to occur down-dip from adjacent prospects. The breccia zones are of particular interest geologically as they appear to be localized along crosscutting fault zones, and because they appear to be intrusion related with potential to host large tonnage deposits.

In 2017, the company carried out a 3,000 metre drill program in the immediate area of the old Santa Rosa mine workings at the southwest end of the property and initiated a soil geochemical sampling program over the center of the property. Additional rock sampling in areas of historical showings and of other old mine workings on the property was also completed. The drilling program consisted of 7 holes drilled to test the down dip and lateral extension of the Santa Rosa deposit. All holes intersected the Santa Rosa vein system and demonstrated that the zone continues at depth and along strike in both directions. Numerous other zones of high-grade Ag and/or Au were also intersected both above and below the main Santa Rosa Vein. These mineralized zones were associated with veins, hydrothermal breccias and stockwork quartz veining. The down-dip and lateral extension of this mineralized zone lies within the current Canuc Property.

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