Canuc Resources Corporation (TSX-V: CDA)
Canuc Resources Corporation (TSX-V: CDA) is a junior resource company headquartered in Toronto, Canada focusing on exploration of the San Javier Silver-Gold Project located in Sonora State, Mexico.
Canuc has developed a portfolio of cash generating assets, and high-quality precious metal assets, with a view to developing meaningful shareholder value and minimizing dilution. Canuc has also recently signed a Partnership Agreement with an IoT (Internet of Things) technology company that will focus on the development of IoT applications for Oil & Gas and Mining.
2019 Internet of Things (IoT) Partnership Agreement
Feb, 2017 Santa Rosa Silver Mining Corporation reverse takeover acquisition
July, 2011 MidTex Oil & Gas Corporation acquisition for shares
Cash flow from hydrocarbon production and from the development and licensing of IoT applications are components of the Company’s strategy to minimize treasury share issuance and prevent shareholder dilution.
The Company’s 100% owned San Javier Silver-Gold Project is a high grade, high quality precious metal asset located in a renowned mining jurisdiction (Sonora State, Mexico). Canuc has the potential to unlock significant shareholder value from this asset as silver and gold markets improve. The project is currently comprised of 17 claims acquired along a 3 km mineralized corridor encompassing high grade veins and artisanal mine workings.
An initial drill program and surface sampling at San Javier which was conducted in 2017 found very high-bonanza grade silver veins with meaningful gold credits, which is evidenced along the entire 3 km mineralized trend. Surface exploration has exposed several silver-gold breccia zones which have been associated with cross faulting structures on the property.
Management believes that further exploration work at San Javier will prove a robust and very high-grade silver and gold metal endowment. This exploration work (restarted again as of July 1st, 2020) has potential to catalyze significant shareholder value accretion.