Canuc Resources Corporation is a junior resource company based in Toronto, Canada focused on gold exploration and project development in the America’s with a business strategy directed at developing cash flow by participating in low risk oil and gas leases in Texas, USA.
Historically involved with the Nambija project in Ecuador, Canuc expanded into North America in November 2010 by optioning the Mill Village gold property in Queens County, Nova Scotia. A former gold producer, Mill Village is an excellent exploration target located within the “Meguma Series”, the same geological unit that hosts Atlantic Gold’s “Touquoy” and Acadian Mining’s “Beaver Dam” deposits.
In mid 2011, the company acquired MidTex Oil & Gas Corporation , a private Ontario corporation which had assets including a producing gas well and 320 acres of undeveloped acreage in Stephens County Texas. Since that time, the Company has increased its activities in Texas by participating in the 1,000 acre Thompson lease and the 3,000 acre Walker Buckler lease.
At present, the company is participating at various levels in 9 producing gas wells in Texas.