About Us
Canuc Resources Corporation (TSX-V: CDA / OTCQB: CNUCF) is a mineral exploration and development company headquartered in Toronto, Canada creating shareholder value with the exploration and discovery of very large, high grade and valuable deposit types in premier extractive jurisdictions. The Company also develops cash flow projects with a view to restricting share issuance and minimizing dilution in order to achieve the maximum possible share price re-rating with successful discovery.
Exploration Discovery Potential (IOCG Deposit Types)
Canuc holds 100% ownership of two separate and highly prospective IOCG exploration targets:
SPJ Project IOCG Exploration Target
Ontario, Canada Gold, Copper, Uranium
Canuc holds 100% of the Scadding, Powerline, Jovan Project (the “SPJ Project”) spanning 19,710 hectares situated approximately 40 kilometers northeast of the Prolific Sudbury Mining Camp and near to the extensive infrastructure of the adjacent Sudbury Mining District. The SPJ Project encompasses several centers of critical and precious metal mineralization interpreted to be related to a mineral system that can form IOCG and affiliated critical and precious mineral deposits.
San Javier Project IOCG Exploration Target
Sonora State, Mexico Silver, Gold, Copper
Canuc holds 100% of the San Javier Silver-Gold Project (the “San Javier Project”) located in Sonora State, Mexico. The San Javier Silver-Gold Project spans 28 claims covering 1,052 hectares and evidences extensive silver, gold and copper mineralization interpreted to be related to a mineral system that can form silver dominant IOCG and affiliated deposits.
IOCG Iron Oxide Copper Gold ore deposits (Wikipedia)
Iron Oxide Copper Gold ore deposits (IOCG) are important and highly valuable concentrations of copper, gold and uranium ores hosted within iron oxide dominant gangue assemblages which share a common genetic origin. These ore bodies range in size from around 10 million tonnes of contained ore to 4 billion tonnes or more of contained ore.
The tremendous size, relatively simple metallurgy and relatively high grade of IOCG deposits can produce extremely profitable mines.
Cash Flow Projects Minimize Shareholder Dilution
Canuc is developing cash flow projects in order to protect shareholders from dilution. The company generates cash flow from natural gas production at its MidTex Energy Project (“MidTex Project”) located in Stephen’s County, West Texas. Canuc has an interest in 8 producing natural gas wells and holds rights for further infield developments.
Canuc also holds a 4% NSR on gold produced from the Scadding Mine Tailings Reclamation Project (“Scadding Tailings Project”) which is scheduled to begin producing gold in 2025.
Canuc has secured a portfolio of high-quality metal exploration assets, and revenue generating energy and metal assets, in pursuit of value for shareholders.