Canuc Resources Provides San Javier Exploration Update

Canuc Resources Provides San Javier Exploration Update

April 14th, 2021

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) (OTCQB: CNUCF) is pleased to provide an update on the drilling program currently in progress at the Company’s San Javier Ag-Au Project in Sonora State, Mexico.

The first hole, of a planned 6,000 m (20 hole) drill program, experienced several mechanical issues and was terminated at a depth of 89.5 m in a fault zone.  This hole (SJ21-01), which is being drilled on the Silver Mountain target, intersected brecciated sedimentary rocks containing stockwork veining, magnetite stringers and blebs of magnetite throughout, from surface to the terminated depth. Three intervals totaling 9.0 m of massive magnetite breccia were encountered. This material was visibly similar to the veins sampled on surface which contained highly elevated Ag values ranging from 27.9 to 2,859 g/t Ag (See news release dated Sept 22, 2020). Pyrite mineralization, either disseminated or in stronger patches, was also encountered. Samples from the concentrated magnetite breccia zones as well the zones containing pyrite mineralization and the rest of the zones containing stockwork veining, disseminated pyrite and magnetite stringers have been split and sent to the lab for assay. The drill has been repositioned 2 m from the original collar, and the hole is being re-drilled to complete the test of a magnetic high detected at depth proximal to this site.

The 20-hole program is designed to test at least 4 magnetic features that underlie areas where a 2020 mapping and rock sampling program identified silver, gold and copper mineralization. At surface, the host rocks for three of these features are found to be magnetite breccia. The magnetic features include a 600 m x 400 m target area (Silver Mountain and Wild Hog Zones) made up of a cluster of moderate magnetic highs and lows in the northeast part of the property. Hole (SJ21-01) was the first of at least 5 holes planned for this area.

The second target area derives from a strong, circular magnetic anomaly measuring 600 m in diameter. Referred to as the Millrock Target, this zone at surface displays abundant stockwork veining and contains elevated gold and copper mineralization. At least 2 holes are planned to test the Millrock Target.

The third target is a donut shaped magnetic feature located in the southeastern part of the property. The core of this feature is a magnetic low approximately 400 m in diameter, surrounded by a weak magnetic high. Elevated gold and copper and lesser silver occur in surface samples in this area. The host rocks are stockworked veined sediments and feldspar porphyry containing hematite, magnetite, pyrite and copper oxides.

The fourth target to be investigated results from a strong magnetic high anomaly measuring 600 x 500 m which is located in the northwest part of the property. Ten rock samples collected from magnetite breccia at surface and from old workings along a 300 m span within this anomaly contained high silver (65.7 to 718 g/t) and copper (474 ppm to 1.03%) and elevated gold (0.039 to 0.812 g/t). The rock types in this area include volcanic and granodioritic intrusive sequences.

“Drilling at San Javier is expected to continue throughout Q2 and Q3 and we will provide further updates as progress permits.” Stated Chris Berlet, President and CEO of Canuc.

Seymour M. Sears, B.A., B.Sc., P.Geo. is the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

 

About Canuc

Canuc is a junior company focusing on the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing natural gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.

For further information please contact:

Canuc Resources Corporation

(416) 525 – 6869

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

Canuc Resources Announces Options Grant

Canuc Announces Options Grant

April 6th, 2021

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) (OTCQB: CNUCF) is pleased to announce that the Company has granted, under its rolling stock option plan, 6,000,000 incentive stock options (“Options”) to officers, directors, employees, and consultants of the Company. 3.5 M of these Options will vest immediately. The remaining 2.5 M Options will vest 12 months from today’s date of issue (April 2nd, 2022).

The stock Options have an exercise price of $0.35 and a three-year term (expiring April 2nd, 2024).

Issuance of these Options is subject to TSX Venture Exchange approval.

 

About Canuc

Canuc is a junior company focusing on the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing natural gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.

For further information please contact:

Canuc Resources Corporation

(416) 525 – 6869

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

Canuc Resources Closes Private Placement

Canuc Closes Private Placement

March 18th, 2021

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) (OTCQB: CNUCF) announces the closing of a previously announced Private Placement for gross proceeds of $4,500,000 CAD. The closing of this Private Placement results in issuance of 18,000,000 Units. Each Unit consists of one common share (“Common Share”) priced at 25 cents and one half of one warrant (“Warrant”). Each whole Warrant entitles the holder to purchase one additional Common Share at 35 cents for a period of two years from the closing of the Private Placement.

Each whole Warrant has an early exercise provision that allows the Company to trigger exercise of the Warrant when the 10-day average price of Common Shares traded on the TSX Venture Exchange exceeds $0.50 per share. 30 days after the trigger date, any unexercised warrants will be deemed to be null and void. All securities issued under this Private Placement will be subject to a hold period expiring four months and one day from the date of closing.

Proceeds of financing will be used for drilling on the San Javier Silver-Gold Project.

In connection with this Private Placement, the Company will pay a total of $23,500 in cash and issue 82,000 broker warrants to Aligned Capital Partners, iA Capital Markets and Mackie Research Capital Corporation. Each broker warrant will entitle the holder to purchase one Common Share at 35 cents for a period of two years from the closing of the Private Placement.

Closing of this Private Placement is subject to final approval by the TSX Venture Exchange.

 

About Canuc

Canuc is a junior resource company focusing on its San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing natural gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.

For further information please contact:

Canuc Resources Corporation

(416) 525 – 6869

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.

 The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

Canuc Resources Provides San Javier Exploration Update

Canuc Resources Provides San Javier Exploration Update

March 9th, 2021

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) (OTCQB: CNUCF) is pleased to announce results from additional rock sampling at the Company’s wholly owned San Javier Silver-Gold Project in Sonora State, Mexico. The latest samples were collected from three previously unsampled areas which were identified as magnetic anomalies in the Company’s recently completed airborne magnetic survey (press release January 7th, 2021). In this phase, 168 rock samples were collected from outcrop and small underground workings. The samples were channel chips ranging from 0.5 to 3.0 meters in length.

Highlights from samples taken over the ‘Northwest Anomaly’ include a silver value of 718 g/t Ag collected from an old pit overlying the magnetic anomaly found in the furthest northwest part of the Company’s property. The average Ag content of 52 samples collected over this anomaly was 70.5 g/t Ag. The host rocks in this area are brecciated diorite with iron content averaging 14.9% in the samples collected.

Seventy-five (75) samples were collected from a stockwork and breccia zone covering a strong magnetic high, the ‘Mill-rock Anomaly”, which was found extending onto the Company’s recently acquired claims on the southern part of the property.  These rocks contained up to 1.185 g/t Au and 0.45% Cu. This anomaly represents a target with increased gold and copper assays which is distinct from the silver-dominant anomalies found on the northern portions of the property. The higher gold and copper numbers may represent upper levels of a larger mineralized system.  The magnetic response for this area shows a feature structurally subparallel to the previously identified Restauradora and Wild Hog magnetic anomaly which accompanies higher grade silver sampled in magnetite workings near to surface. This ‘Northwest Anomaly’ could be evidence of a deeper subparallel feature located under cover.

A further nineteen (19) samples were collected from rocks overlying a strong magnetic high anomaly found in the extreme southwest part of the Company’s property. These samples averaged 22.8 g/t Ag and 0.558 g/t Au. This “Southwest Anomaly” is distinct from the magnetic anomalies referenced above and found elsewhere on the property.

22 additional samples consisted of duplicates for Quality Assurance and covered miscellaneous locations outside of the magnetic anomaly targets.

“These samples were collected over areas where magnetic anomalies first came to the attention of Company geologists upon reviewing results of the recently completed magnetic survey. The magnetic anomalies were found under cover and had not been previously recognized as representing exploration target potential. The detection of elevated silver, copper and gold values from surface samples taken over the areas of these buried magnetic highs is encouraging. The exploration team now feels that these results provide drill targets in addition to the higher-grade magnetite association anomalies on which we have started our exploration drilling.” Stated Chris Berlet, President & CEO of Canuc.

A diamond drill has been mobilized to the project and has recently commenced drilling on a breccia zone magnetic anomaly which accompanies high-grade silver values, as reported on previously.

Seymour M. Sears, B.A., B.Sc., P.Geo. is the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

 

About Canuc

Canuc is a junior resource company focusing on its San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing natural gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.

For further information please contact:

Canuc Resources Corporation

(416) 525 – 6869

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Canuc Resources Closes Private Placement Tranche

Canuc Closes Private Placement Tranche

March 5th, 2021

Canuc Resources Corporation. (“Canuc” or the “Company”) (TSX-V: CDA) (OTCQB: CNUCF) announces closing on a $3.065M first tranche of a private placement financing. Closing of this tranche results in the issuance of 12.26M units. Each unit consists of one common share (“Common Share”) priced at $0.25 per share, and one half of one common share purchase warrant (“Warrant”). Each Warrant entitles the holder to purchase one additional Common Share at $0.35 for a period of two years from the final closing date of the private placement.

Each whole Warrant has an early exercise provision that allows the Company to trigger exercise of the Warrant when the 10-day volume weighted average price of Common Shares traded on the TSX Venture Exchange exceeds $0.50 per share. 30 days after the trigger date, any unexercised warrants will be deemed to be null and void. All securities issued under this Private Placement will be subject to a hold period expiring four months and one day from the date of closing.

Proceeds will be used for drilling on the Company’s San Javier Silver-Gold Project.

Final closing is subject to acceptance and approval by the TSX Venture Exchange.

 

About Canuc

Canuc is a junior resource company focusing on its San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in West Texas, USA where Canuc has an interest in eight producing natural gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.

For further information please contact:

Canuc Resources Corporation.

(416) 525 – 6869

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Canuc Resources Initiates Drill Program at San Javier

Canuc Resources Initiates Drill Program at San Javier

February 11th, 2021

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) (OTCQB: CNUCF) is pleased to announce the commencement of diamond drill operations at the Company’s wholly owned San Javier Silver-Gold Project in Sonora State, Mexico. A drilling permit has been secured and drill pad construction is in progress. A diamond drill is scheduled to be mobilized to site on the week beginning February 15th, 2021.

The Company believes that the San Javier Silver-Gold Project is hosted in an IOCG depositional environment. Drilling will target geophysical anomalies and mineralized breccia and stockwork zones as disclosed in press releases dated: August 6th, 2020 September 22nd, 2020 October 14th, 2020 and January 7th, 2021.

Drilling will commence near the site where the Company earlier reported silver assays of 2,859 g/t in a mineralized magnetite vein. The vein is exposed at surface and in artisanal mine workings (press release September 22nd, 2020). From there, drilling will progress to the first of at least 3 distinct magnetic high targets which were identified in a recent drone supported magnetic survey (press release January 7th, 2021).

The Company is currently building a secure core shack and storage area near to the village of San Javier which is designed to hold 20,000 meters of diamond drill core.

Seymour M. Sears, B.A., B.Sc., P.Geo. is the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.

 

About Canuc

Canuc is a junior resource company focusing on its San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing natural gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.

For further information please contact:

Canuc Resources Corporation

(416) 525 – 6869

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Canuc Resources Doubles Land Position at San Javier

Canuc Resources Doubles Land Position at San Javier

January 27, 2021

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) (OTCQB: CNUCF) is pleased to announce the singing of purchase agreements for 5 claims in the San Javier mining and exploration camp. These newly acquired claims are contiguous with the Company’s existing claims and represent an important expansion of the Company’s holdings in a rapidly evolving IOCG exploration environment.

Canuc began acquiring claims at San Javier in 2010. Until recently, the Company had accumulated 17 contiguous claims comprising 416.2 hectares of ground along high-bonanza grade silver veins and covering silver-mineralized stockwork and breccia zones. In 2020 an extensive silver-mineralized breccia discovery combined with intense magnetite swarms on the Company’s eastern claim area resulted in an IOCG deposit potential hypothesis.

The 5 most recently acquired claims, comprising 416.9 hectares, cover extensions on at least one additional IOCG target. The Company’s combined ground position now covers 833.1 contiguous hectares of centrally located and highly prospective ground in a rapidly evolving mining and exploration camp.

San Javier 2020

The San Javier area first came back into focus during August of 2020 when Barksdale Resources Corp. (TSX-V: BRO) announced an earn in on 1,184 hectares of ground in the heart of the San Javier mining and exploration camp. These exploration claims are contiguous with Canuc claims to the south and east.

Further interest in the San Javier area came during October 2020 when Osisko Development Corp. (TSX-V: ODV) announced acquisition of the San Antonio claims group. The San Antonio claims acquired by Osisko Development Corp. are contiguous with both Canuc and Barksdale claims to the east. The Osisko claims cover an area of 11,338 hectares.

“We are pleased to have been able to acquire important mineral claims at San Javier in advance of drilling on the IOCG targets that have recently been identified on our Company ground. The Canuc team believes that we have significant discovery potential, and that our ground position is centrally located in what is rapidly becoming a dynamic mining and exploration camp.” Stated Christopher Berlet, President & CEO of Canuc Resources Corp.

 

About Canuc

Canuc is a junior resource company focusing on its San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing natural gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.

For further information please contact:

Canuc Resources Corporation

(416) 525 – 6869

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Canuc Resources Reports Magnetic Anomalies at San Javier

Canuc Resources Reports Magnetic Anomalies at San Javier

January 7, 2021

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) (OTCQB: CNUCF) is pleased to announce the receipt of data for the final report from a drone supported magnetic survey carried out over the Company’s San Javier Ag-Au Project in Sonora State, Mexico. The survey was commissioned to search for magnetic high anomalies related to the strong magnetite matrixed breccias and veined stockworks that have been located within the property by recent geological mapping and rock sampling.

Magnetite zones at San Javier accompany elevated Ag and Au values, with recent sampling results ranging up to 2,859 g/t Ag and 14.4 g/t Au (See News Release dated Sept 9, 2020 and Oct 14, 2020). The Ag and Au association with magnetite is suggestive of Iron-Oxide-Copper-Gold (IOCG) style of mineralization, which has been previously recognized in the San Javier area. This type of deposit has the potential for very large, bulk mineable mineralization.

The Property scale survey has identified 3 large magnetic high features measuring 1,000 by 600 m, 800 by 600 m, and 600 by 600 m, respectively. Detailed processing of the data suggests that there are stronger magnetic features within the larger target areas which may represent areas of higher-grade mineralization. Canuc is now carrying out detailed ground magnetic surveys on these targets and is scheduled to begin drilling in the next few weeks.

Seymour M. Sears, B.A., B.Sc., P.Geo. is the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.

About Canuc

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.

For further information please contact:

Canuc Resources Corporation

(416) 525 – 6869

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Canuc Resources Corporation 2020 Year in Review & 2021 Outlook ~ Intercompany Update

Canuc Resources Corporation 2020 Year in Review & 2021 Outlook ~ Intercompany Update

January 4, 2020

2020 Year in Review

Canuc Resources Corporation (“CDA” or the “Company”) (TSX-V: CDA) (OTCQB: CNUCF) had a pivotal year in 2020. The following significant milestones:

  • CDA secured a US Listing (OTCQB: CNUCF).
  • Exploration re-started at the San Javier Silver-Gold Project.
  • A significant breccia zone was discovered (Aug.2020) on CDA’s El Tule claim.
  • The breccia zone proved to be silver-bearing with multiple old mine-workings.
  • Barksdale Resources (TSX-V: BRO) acquired contiguous claims to the south (Aug.2020).
  • Murray Hitzman site visit report (2006) was first found outlining IOCG potential.
  • All important geological features referred to by Dr. Hitzman were found on CDA ground.
  • Osisko Developments (TSX: ODV) acquired contiguous claims to the east (Oct.2020).
  • Silver-bearing magnetite found on CDA ground where Dr. Hitzman predicted IOCG core deposit(s).

2021 & Year Ahead

On January 11th, 2021 Canuc announced the results of a drone-supported magnetic survey conducted over the Company’s claims. The magnetic survey has identified 3 large magnetic anomalies each of which is 600 meters in width and with lengths ranging from 600 meters up to 1,000 meters.

3 large magnetic anomalies have been found on the Company’s claims. Each of the anomalies is beside and below areas where silver-bearing magnetite comes to surface and is evidenced in old mine-workings. The magnetic anomalies have been found in an area where Dr. Hitzman had projected potential to discover an IOCG deposit(s).

Drilling of the 3 magnetic anomalies is now expected to begin in January 2021.

The Company’s new website and information materials can be found at:

www.canucresources.ca

 

For further information please contact:

Christopher J. Berlet BSc (Mining), CFA

Canuc Resources Corporation

(416) 525 – 6869

cberlet@canucresources.ca

 

Canuc Resources Closes Private Placement

Canuc Resources Closes Private Placement

December 23, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) (OTCQB: CNUCF) announces the closing of a non-brokered Private Placement for gross proceeds of $300,000 CAD. The closing of this Private Placement results in issuance of 1,200,000 Units. Each Unit consists of one common share (“Common Share”) priced at 25 cents and one half of one warrant (“Warrant”) of the Company. Each whole Warrant entitles the holder to purchase one additional Common Share at 35 cents for a period of two years from the closing of the Private Placement.  

Each whole Warrant has an early exercise provision that allows the Company to trigger exercise of the Warrant when the 10-day average price of Common Shares traded on the TSX Venture Exchange exceeds $0.50 per share30 days after the trigger date, any unexercised warrants will be deemed to be null and void. All securities issued under this Private Placement will be subject to a hold period expiring four months and one day from the date of closing.  

Proceeds of financing will be used for drilling on the San Javier Silver-Gold Project.  

One Officer of the Company (the “insider”) has invested in this Private Placement subscribing for in aggregate 90,000 Units, or gross proceeds of $22,500 CAD. The participation of insiders in the Private Placement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the policies of the TSX. The Company is relying on exemptions from the formal valuation and minority approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation by insiders will not exceed 25% of the fair market value of the Company’s market capitalization. The Company did not file a material change report at least 21 days prior to the completion of the Private Placement because the existence of any placement or insiders’ participation therein had not been determined at that time.  

This Private Placement does not result in any new insiders or control persons of the Company, and closing is subject to final approval by the TSX Venture Exchange. 

Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release. 

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact: 

Canuc Resources Corporation

(416) 525 – 6869  

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof. 

Canuc Resources Welcomes Peter Mackay as a Special Advisor to the Company

Canuc Resources Welcomes Peter Mackay as a Special Advisor to the Company

December 16, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) is pleased to welcome the Honourable Peter Mackay as special advisor to the Company.  

Peter MacKay PC, QC (Privy Council and Queen’s Counsel) is currently serving as a strategic advisor to both Deloitte Canada and McInnes Cooper LLP. He is a former Crown Prosecutor and has served as Canada’s Federal Minister of Justice (Attorney General). Mr. MacKay’s practice focuses on government enforcement proceedings and compliance matters, and he has provided strategic advice to Canadian companies doing business globally as well as to international companies doing business in Canada.  

Mr. MacKay served in the Parliament of Canada for many years and in a ministerial post in the Canadian government for nine years after the Conservative Party formed a government in 2006.  Mr. MacKay has served as Canada’s Attorney General and Minister of Justice, a position to which he was appointed in 2013. Prior to this post, he served as the Minister of National Defence for six years and had held joint cabinet positions as Minister of Foreign Affairs and Minister for the Atlantic Canada Opportunities Agency. 

“We are very pleased to be able to seek input from Mr. Mackay who is an experienced international statesman. Mr. Mackay’s insights in relation to security matters and matters of compliancecorporate governance and international affairs will benefit the Company greatly as we advance initiatives with our assets in Mexico, the USA and Canada,” stated Chris Berlet, CEO of Canuc. 

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy of this release. 

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in-field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact: 

Canuc Resources Corporation

(416) 525 – 6869  

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof. 

Canuc Resources Closes Private Placement

Canuc Resources Closes Private Placement

December 7, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) (OTCQB: CNUCF) announces the closing of a non-brokered Private Placement for gross proceeds of $1,018,000 CAD. The closing of this Private Placement results in issuance of 4,072,000 Units. Each Unit consists of one common share (“Common Share”) priced at 25 cents and one half of one warrant (“Warrant”) of the Company. Each whole Warrant entitles the holder to purchase one additional Common Share at 35 cents for a period of two years from the closing of the Private Placement.

Each whole Warrant has an early exercise provision that allows the Company to trigger exercise of the Warrant when the 10-day average price of Common Shares traded on the TSX Venture Exchange exceeds $0.50 per share30 days after the trigger date, any unexercised warrants will be deemed to be null and void. All securities issued under this Private Placement will be subject to a hold period expiring four months and one day from the date of closing.

Proceeds of financing will be used for drilling of targets defined by the previously announced magnetic survey which is currently in progress on the Company’s San Javier Silver-Gold Project.  

Two Officer(s) of the Company (the “insiders”) have invested in this Private Placement subscribing for in aggregate 200,000 Units, or gross proceeds of $50,000 CAD. The participation of insiders in the Private Placement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the policies of the TSX. The Company is relying on exemptions from the formal valuation and minority approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation by insiders will not exceed 25% of the fair market value of the Company’s market capitalization. The Company did not file a material change report at least 21 days prior to the completion of the Private Placement because the existence of any placement or insiders’ participation therein had not been determined at that time.

This Private Placement does not result in any new insiders or control persons of the Company, and closing is subject to final approval by the TSX Venture Exchange. 

Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release. 

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact: 

Canuc Resources Corporation

(416) 525 – 6869  

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Canuc Resources Begins Magnetic Survey

Canuc Resources Begins Magnetic Survey

November 17, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) (OTCQB CNUCF) is pleased to announce the start of  a drone supported, high frequency, magnetic survey over its newly acquired claims at the San Javier Silver-Gold Project. The magnetic survey will identify significant magnetic response targets for follow up drilling. 

Geophysical Surveys S.A. de C.V.a professional geophysical survey company headquartered in Mexico City, has mobilized to San JavierGeophysical Surveys S.A. de C.V. is now flying drone supported magnetic response equipment over the silver-bearing magnetite swarms that have been identified within, and proximal to, the large silver-bearing breccia structures uncovered in July and August of this year and first reported in a press release dated September 22nd.  

One silver-bearing breccia structure has been reported to have a strike length in excess of 800 meters and a width of 80 meters. This breccia body hosts intense magnetite swarms and old mine workings with high to bonanza grades of silver found in veins. Background silver assays were also reported throughout the breccia structure. The magnetite swarms are prevalent over an area of 1 square kilometer of the Company’s ground. 

The detection of intense magnetite swarms on the Company’s claims in the summer of 2020 was deemed to be of geological significance. Magnetite had been identified as a key indicator for IOCG deposit potential by Dr. Murray W. Hitzman in his San Javier site visit report of October 2006.  

A copy of  DrHitzmans site visit report can be found on the Company’s website at:

https://canucresources.ca/iocg-discovery-at-san-javier/ 

Magnetite concentrations below surface will provide a robust response to the magnetic survey which is currently in progress. The silver-bearing magnetite veins that have been identified on surface may lead to more massive concentrations below surface. This would be consistent with the IOCG deposit model first postulated for San Javier by Dr. Hitzman in 2006. 

The drone supported high frequency magnetic survey currently in progress will be followed up by a ground based low frequency magnetic survey. The latter will identify the depth and orientation of metal bearing structures for drill testingDrilling is expected to begin in early December 2020. 

Seymour M. Sears, B.A., B.Sc., P.Geo. is the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release. 

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact: 

Canuc Resources Corporation

(416) 525 – 6869  

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Canuc Resources Provides San Javier Exploration Update

Canuc Resources Provides San Javier Exploration Update

October 14, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) (OTCQB CNUCF) is pleased to announce results from additional rock sampling on the San Javier Ag-Au Property. The San Javier Property is located 125 km southeast of Hermosillo in the prolific Sierra Madre silver belt of northwest Mexico. 

The current work program has been focused on the eastern and northeast part of the project covering an area that was previously unexplored by the Company. Results for 267 rock samples have been received to dateSamples are being collected as a part of a property scale geological mapping program which has been designed to re-interpret the geological setting 

Emphasis of exploration today is on the potential for IOCG type mineralization. IOCG style mineralization has been reported on adjacent properties which include the Cerro Verde, Mesa Grande and Trinidad deposits located immediately to the south of the Company’s claims.   

Results from the first 157 samples were reported in an earlier news release (release dated September 22, 2020). Of the most recently received 110 samples, 19 silver assays were reported as over-assay and were sent for re-assay. One silver over-assay value of 1,222 g/t Ag was collected from a location approximately 100 m northeast of the Company’s Cerro Colorado Prospect where earlier sampling identified an 11.2 m wide mineralized breccia zone on surface assaying 285 g/t Ag and 0.21 g/t Au. This zone is thought to be from a fault that lies on the north margin of a large breccia body with iron oxide matrix. 

The sampling also returned higher copper values than previously detected. Two channel samples from a pit in the northeast part of the property assayed 8,338 ppm Cu (0.83%) and 320 g/t Ag (10.3 ounces) over 0.5 m and 9,544 ppm Cu (0.95%) and 547 g/t Ag (17.6 ounces) over 1.0 m.  The samples were both from a breccia zone containing a magnetite matrix.  

An elevated gold sample value of 14.4 g/t Au (0.46 ounces) was collected from a small underground working near the western side of the sample area. Evidence suggests that this zone may have an epithermal origin and may be associated with a down-faulted block of the host rock that results in a higher level of exposure within the mineralizing system.  

The following table shows the minimum, maximum and average values as well as the standard deviation for key elements in the 267 samples collected to date. Note that the upper detection limit for Fe (iron) is 40% and over-limits for 20 samples >40% were not determined.

San Javier Rock Sampling - 267 Sample Results, Sept, 2020 

Metal 

Minimum  Maximum  Mean 

St. Dev. 

Au (g/t) 

<0.005  14.4  0.185  1.04 
Ag (g/t)  <0.03  2,859  98 

285 

Cu (ppm) 

13  9,544  617  1,032 
Co (ppm)  <1  279  7.6 

25 

Fe (%) 

0.67  >40  14  11.9 
Pb (ppm)  <3  16,500  271 

1,584 

Zn (ppm)  <1  6,592  215 

698 

There is a strong association between high Cu and Ag values with high iron content. Most of the higher values are from material described as being magnetite matrix breccia. 

Christopher Berlet, President & CEO stated “We first became aware of IOCG depositional potential at San Javier this past summer with detection of a substantial silver bearing breccia zone as reported in a September 22nd press release. The presence of extensive magnetite mineralization within the artisanal silver mine workings was a key indicator for usThe importance of magnetite had been identified by Dr. Murray W. Hitzman in his 2006 site visit report pertaining to the nearby Constellation Copper claims. 

Our latest results continue to manifest significant silver over-assay percentages with magnetite association, but now also have elevated gold and copper detections. This is consistent with the IOCG deposit model originally postulated for San Javier by Dr. Hitzman in 2006. We provide a link to Dr. Hitzman’s full report on our website and are now refining our exploration focus to target this deposit type on Company claims. 

The Company’s website provides further information about the San Javier Silver-Gold ProjectThe website also includes a link to Dr. Hitzman’s report which was written after a site visit to the nearby Constellation Copper claims in 2006, and which considers IOCG potential at San Javier. 

https://canucresources.ca/iocg-discovery-at-san-javier/

Geological mapping, sampling and preparation for drilling is now ongoing at San Javier, with the focus being on defining and sampling magnetite bearing breccia.  

Seymour M. Sears, B.A., B.Sc., P.Geo. is the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.  

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact: 

Canuc Resources Corporation

(416) 525 – 6869  

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Canuc Resources Provides San Javier Exploration Update

Canuc Resources Provides San Javier Exploration Update

September 22, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) (OTCQB CNUCF) is pleased to announce preliminary results from an ongoing work program on the San Javier Silver-Gold Project. The San Javier Project is located 125 km 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 Mexico’s silver production comes from the Sierra Madre belt. 

The current work program has been focused on the eastern and northeast part of the project covering an area that was previously unexplored by the Company. The area of coverage includes the recently acquired, and previously underexplored, El Tule claim. The work program encompassed reconnaissance geological mapping and rock sampling. Geological mapping has determined that the eastern part of the San Javier Project is underlain mainly by Triassic aged Barranca Group sandstones and siltstones that are cut by abundant zones of hydrothermal breccia. The matrix to these breccias consists mainly of iron oxide (magnetite, hematite) and related hydroxides (limonite, goethite) with local quartz, carbonate and barite. The mineralogy suggests that the breccia zones may represent the lower part of a large, magmatic hydrothermal system. The breccia zones locally contain relatively narrow (up to 1.5 metres) lenses consisting of massive magnetite matrix material with bonanza grade Ag and elevated Cu. 

The work program has identified these swarms of iron-matrix breccia over a large area measuring 900 by 1,200 metres which remains open laterally in an unmapped area of the Company’s claims. One of the individual breccia zones in this area measures from 30 to 70 metres in width and has been traced for approximately 800 meters along strike. It occurs adjacent to two fault structures.

To date 267 rock samples have been collected from bedrock exposures, old trenches and small underground mine workings found within the iron-matrix breccia area. Assay results are available for the first 157 of these samples. Values range from trace to 2,859 g/t Ag (80 ounces) and from 74 ppm to 0.59% CuOf the first 157 samples analysed by ICP methods, 35 exceeded the maximum detection limit for Ag (+100 g/t Ag) and were re-assayed by Fire Assay methodsThe bonanza grade Ag values and the higher Cu values are from several of the high magnetite (>40% Fe) bearing cross structures. Several of these mineralized zones have been exploited by small scale artisanal miners. 

Approximately 110 of the samples were collected from the 800-metre-long breccia zone described above. The bulk of this breccia zone contains approximately 5% iron matrix (mainly hematite) and contains values ranging from 0.4 to 20 g/t Ag and from 13 to 473 ppm Cu (80 samples). Two structures with massive magnetite matrix within this zone contained from 27.9 to 2,859 g/t Ag (average of 434 g/t Ag (13.9 ounces)) and from 74 to 2,978 ppm Cu (average of 0.10 % Cu). Additional work is now planned on this breccia zone. 

The work program will continue mapping and sampling on the Company’s center to eastern claim area where the property appears to be underlain by the iron-matrixed breccia zones. There is approximately 800 meters of unmapped ground between the current mapping grid and the Company’s property boundary. This property boundary is contiguous with a claim group containing two previously identified Cu deposits - Mesa Grande and La Trinidad – explored in 2007 by Constellation Copper Corp. These deposits were considered to be the upper levels of an iron oxide-copper-gold (IOCG) deposit type.

All samples were channel samples ranging in width from 0.1 to 3.0 metres in thickness. Sample locations are spray painted and marked by aluminum tags in the field and the samples are placed in plastic bags with the appropriate sample tag; sample numbers are also written on the outside of the bags; locations are acquired by GPS and recorded at the site along with sample descriptions. They are then stored at a secure site until delivered directly to the certified laboratory of Bureau Veritas in Hermosillo, Mexico. All samples were assayed for Au by Fire Assay, AA finish in Hermosillo and all over-limit samples assayed for Au and Ag by Fire Assay, Gravimetric finish. All samples were analysed by Aqua Regia digestion, ICP methods for 33 elements in the Bureau Veritas laboratory in Vancouver, BC, Canada.

Seymour M. Sears, B.A., B.Sc., P.Geo. is the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.  

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact: 

Canuc Resources Corporation

(416) 525 – 6869  

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof. 

Canuc Resources Announces Listing on OTCQB

Canuc Resources Announces Listing on OTCQB

September 15, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) is pleased to announce that its common shares are now trading on the OTCQB Venture Market ("OTCQB Venture") under the stock ticker symbol “CNUCF”. 

The OTCQB Venture Market is the premiere marketplace for early stage and developing U.S. and international companies. Participating companies must be current in their reporting and undergo an annual verification and management certification process. Investors can find real-time quote and market information at https://www.otcmarkets.com/stock/CNUCF/overview 

Canuc’s common shares will continue to trade on the TSX Venture Exchange (TSXV”) under the symbol “CDA”. 

Neither the TSX Venture Exchange nor its Regulation Service Provider (as defined in TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release. 

About OTC Markets Group Inc. 

OTC Markets Group Inc. operates the OTCQX Best Market, the OTCQB Venture Market, and the Pink Open Market for 10,000 U.S. and global securities. Through OTC Link ATS and OTC Link ECN, the OTC Markets Group connects a diverse network of broker-dealers that provide liquidity and execution services. OTC Markets Group enables investors to easily trade through the broker of their choice and empowers companies to improve the quality of information available for investors. 

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.

For further information please contact: 

Canuc Resources Corporation 

(416) 525 – 6869  

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof. 

Canuc Resources Closes Private Placement

Canuc Resources Closes Private Placement

August 11, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) announces the closing of a non-brokered Private Placement for gross proceeds of $225,000. The closing of this Private Placement results in issuance of 1,500,000 Common SharesThe securities issued under this Private Placement will be subject to a hold period expiring four months and one day from the date of closing. Proceeds of this Private Placement will be used for exploration at the Company’s San Javier Silver-Gold Project, and for general working capital.  

One Officer of the Company (the “insider”) has invested in this Private Placement subscribing for in aggregate 1,400,000 Units, or gross proceeds of $210,000. The participation of insiders in the Private Placement constitutes a “related party transaction” within the meaning of the Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the policies of the TSX. The Company is relying on the exemptions from the formal valuation and minority approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the private placement by insiders will not exceed 25% of the fair market value of the Company’s market capitalization. The Company did not file a material change report at least 21 days prior to the completion of the private placement since the existence of any placement or insiders’ participation therein was not determined at that time. The closing of this private placement will not result in any new insiders or control person. 

Closing of this Private Placement is subject to final approval by the TSX Venture Exchange. 

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact:

Canuc Resources Corporation

(416) 525 – 6869  

cberlet@canucresources.ca 

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Canuc Resources Discusses Silver Gold Breccia Targets

Canuc Resources Discusses Silver Gold Breccia Targets

August 6, 2020

In October of 2017 Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) announced that it had acquired a mining concession with an area of 151.14 hectaresThis mining concession enveloped the Company’s land holdings to the northeast, and early exploration had determined that silver-gold mineralization was strengthening to the northeast 

Ref:  October 24th, 2017 press release 

Surface exploration is currently in progress on the northeast area of the Company’s property along trend from where several silver-gold bearing breccia bodies have previously been discovered. Three such breccia bodies have already been documented and disclosed in press releases, the Carranza/Lydia, Jazmin and Cerro Colorado breccia zones. These breccia bodies are exposed on surface and occur at the intersection of the NE-SW trending San Javier Mineralized Corridor and north-south cross faults. 

Ref:  July 28th, 2020 press release 

The Company believes that there is a distinct possibility that silver-gold bearing breccia and stockwork zones can be confirmed along this trend with current exploration initiatives. The confirmation of silver-gold bearing breccia zones, uncovered on surface, would mark a change in the potential for a significant mineral discovery at the Company’s San Javier Silver-Gold Project. 

“Uncovering further mineralized breccia zones on surface is the objective of current exploration. Success would be of meaningful geological importance and could have a significant impact on our understanding of structure, as well as on our interpretation of the geological potential at San Javier,” stated Chris Berlet, CEO.

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact: 

Canuc Resources Corporation

(416) 525 – 6869  

cberlet@canucresources.ca

Forward Looking Information 

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Canuc Resources Recommences Exploration at San Javier

Canuc Resources Recommences Exploration at San Javier

July 28, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) 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.  

Following the drilling program, focus was directed towards the east-central portion of the property. Previous sampling had identified several high-grade vein prospects that are accompanied by stockwork quartz veining and large hydrothermal breccia zones. These include the Carranza/Lydia, Jazmin and Cerro Colorado breccia zones. The 2018 work program indicated that these breccia  zones are associated with the intersection of the northeast trending vein zones and north to northwest trending cross-fault structures. The latter faults and the breccia/stockwork related mineralization may be related to hydrothermal activity associated with nearby intrusions and known porphyry/IOCG style mineralization. At the Carranza/Lydia zone, sampling in 2017 resulted in a 10 metre breccia interval, cut on surface, that assayed 210 g/t Ag and 5.0 g/t Au.   Also in 2017, sampling of the Jazmin Zone assayed up to 197 g/t Ag and 1.15 g/t Au over 1.7 m.  Previous sampling at the Cerro Colorado Zone east of Jazmin, returned an 11.3 m wide interval that assayed 285 g/t Ag and 0.21 g/t Au.  Sampling in 2017 of the Little Pit Prospect located in the extreme northeast end of the property, more than 2,500 metres along strike from the Santa Rosa mine workings, assayed 477 g/t Ag and 0.41% Cu.  The San Javier Silver-Gold Project covers the favourable structural corridor along a strike length of more than 3 km. 

The current work program involves a 5-person crew stationed at a basecamp in the nearby village of San Javier. The focus of the program is to locate and evaluate large scale breccia zones, particularly those that occur at the intersection of known veins and crosscutting fault structures. The work was initiated in the northeastern part of the property in the area of the Little Pit Prospect. At least 350 samples are anticipated to be collected. Results will be reported as they become available.  

Seymour M. Sears, B.A., B.Sc., P.Geo is the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.  

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact: 

Canuc Resources Corporation

(416) 525 – 6869  

cberlet@canucresources.ca

Forward Looking Information 

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Canuc Resources Closes Private Placement and Reduces NSR

Canuc Resources Closes Private Placement and Reduces NSR

July 17, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) announces the closing of a non-brokered Private Placement for gross proceeds of $517,500. The closing of this Private Placement results in issuance of 5,175,000 Units. Each Unit consists of one common share (“Common Share”) priced at 10 cents and one half of one warrant (“Warrant”). Each Warrant entitles the holder to purchase one additional Common Share at 15 cents for a period of two years from the closing of the Private Placement. All securities issued under this Private Placement will be subject to a hold period expiring four months and one day from the date of closing. Proceeds of this Private Placement will be used for exploration at the Company’s San Javier Silver-Gold Project, and for general working capital.  

An Officer of the Company (the “insider”) has invested in this Private Placement subscribing for in aggregate 350,000 Units, or gross proceeds of $35,000. The participation of insiders in the Private Placement constitutes a “related party transaction” within the meaning of the Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the policies of the TSX. The Company is relying on the exemptions from the formal valuation and minority approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the private placement by insiders will not exceed 25% of the fair market value of the Company’s market capitalization. The Company did not file a material change report at least 21 days prior to the completion of the private placement since the existence of any placement or insiders’ participation therein was not determined at that time.  

The Company would like to also announce that it has reduced the Net Smelter Royalty (“NSR”) held against the San Javier Silver-Gold Project from 2.5% to 1.5% as a result of an agreement signed between the Company and two NSR holders. The two NSR holders relinquished 0.5% each for a total of 1reduction in the NSR related to the property, in exchange for $70,000 CAD.

In connection with this Private Placement, the Company will pay a total of $4,800 in cash and issue 23,600 broker warrants to Aligned Capital Partners. Each broker warrant will entitle the holder to purchase one Common Share at 15 cents for a period of two years from the closing of the Private Placement. 

Closing of this Private Placement is subject to final approval by the TSX Venture Exchange. 

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact: 

Canuc Resources Corporation

(416) 525 – 6869  

cberlet@canucresources.ca

Forward Looking Information 

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Canuc Resources Announces AGM Results and New Director

Canuc Resources Announces AGM Results and New Director

June 30, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) is pleased to announce election results for the Annual General Meeting (“AGM”) which took place on June 30th, 2020. During the meeting the following parties were elected as directors of the Company:   

  1. Christopher Berlet (re-elected)
  2. Bruce Reid (re-elected)
  3. Paul Davis (re-elected)
  4. Marcus Chase (re-elected)
  5. Kevin Olson

For compliance reasons, and as a result of his employer’s perceived conflicts, Mr. Kevin Olson was unable to accept his appointment as director of the corporation. As a result, the remaining board members have appointed Mr. Christopher Cheng, P.Eng to fill the vacancy.  

Mr. Christopher Cheng, P.Eng is a graduate of Mechanical Engineering with a minor in Petroleum Engineering from the University of Calgary (2009) and he is a Professional Engineer registered with APEGA in the Province of Alberta. Mr. Cheng has 10+ years of experience in the upstream oil and gas sector working in the Western Canadian Sedimentary Basin. For the last 5 years Mr. Cheng has been specializing in the development of new and innovative extractive and drilling technologies. In 2020 Mr. Cheng transitioned to the renewable energy sector as Senior Development Engineer with Eavor Technologies Inc., a private geothermal company. 

Mr. Hubert Mockler did not stand for re-election to the board. Mr. Mockler has had a long and storied history with the Company and has successfully guided Canuc through many challenging times and market downturns. In the 1990’s, and again in the period 2008-2010, Mr. Mockler was integrally involved with the Company’s well known Nambija Gold Project located in the Zamora-Chinchipe Province of Ecuador. He was also instrumental in introducing Canuc to the natural gas opportunities currently producing revenue for the Company in West Texas, USA.  

Mr. Mockler originally trained and practiced in the geological sciences field and has had a diverse and successful career in capital markets and company management. His contributions to the Company and his efforts for shareholders are greatly appreciated. 

 

About Canuc

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact:

Canuc Resources Corporation

(416) 525 – 6869  

cberlet@canucresources.ca

Forward Looking Information 

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof. 

Canuc Resources Announces MoU for IoT Equipment Distribution with M3SH Technologies

Canuc Resources Announces MoU for IoT Equipment Distribution with M3SH Technologies

June 16, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) is pleased to announce that it has signed a Memorandum of Understanding (the “MoU”) with M3SH Technologies (“M3SH) Inc.   

The Moenables M3SH manufactured devices to adopt IIoT technology enabling Canuc to distribute and sell purpose built technological solutions in accordance with the Company’s agreement with Ioticiti Networks Inc. Under the MoU, M3SH shall contribute technology solutions enabling Canuc to facilitate applications with mining and extractive industry clients. Canuc and M3SH are working towards a definitive agreement.  

About M3SH Technologies Inc. 

M3SH Technologies Inc. is a privately held Canadian company based in Fredericton, New Brunswick with originin South AfricaThe affiliated, Ningi Manufacturing Pty (Ltd), is a leading South African technological solution provider to the mining, energy and industrial sectors.  

M3SH technologies Inc. mining industry applications include:

  • Wearable worker safety, proximity detection and location monitoring devices. 
  • Environmental monitoring. 
  • Gas, noise, dust and fire detection devices and ambient temperature monitors. 
  • Machine and equipment safety as well as automation control solutions. 
  • Sensor rich devices for real time data, environmental condition and safety communication. 

M3SH is an original equipment manufacturer developing new and innovative technology solutions which embrace the latest in digitization technology. M3SH draws from an established history in the South African mining and extractive industries and has more than 25 years of experience in manufacturing technology solutions for mining, energy and industry in southern Africa.  

A robust portfolio of more than 40 proprietary, successfully produced and deployed technological solutions for the mining industry includes, amongst other productsthe PDS level 9 intervention and access controller, the M3SH D52 Dust Monitor, the P50 Environmental Monitor and the S50 Smoke and Fire Detector.

“This MoU signals our intent to provide technological IoT solutions to the North American mining markets, and to facilitate the adoption and sales of IIoT products. Partnering with M3SH will help us to expand our IIoT offering in North America,” stated Christopher Berlet, CEO of Canuc.  

M3SH strives to assist clients in gaining new levels of performance, while improving health, safety and wellness making work easier, safer and more connected using the latest digital solutions. For M3SH this MoU marks a significant development in our ability to deploy our IIoT solutions while working with Canuc and using the Ioticiti Networks Inc. platform, stated Andre Jansen Van Rensburg, CEO of M3SH. 

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact: 

Canuc Resources Corporation

(416) 525 – 6869  

cberlet@canucresources.ca

Forward Looking Information 

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof. 

Canuc Resources Announces Extension of Interim Financial Statements and MD&A Filing

Canuc Resources Announces Extension of Interim Financial Statements and MD&A Filing

June 2, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) announces that due to the COVID-19 pandemic, the Company shall postpone the filing of its interim consolidated financial statements and accompanying management's discussion and analysis and related CEO and CFO certificates for the interim financial period ended March 31, 2020 (collectively, the "Interim Filings"), which are required to be filed by June 1, 2020 under Sections 4.2 and 5.1(2) of National Instrument 51-102 - Continuous Disclosure Obligations. 

On March 18, 2020, the Canadian Securities Administrators (CSA) announced that they would provide issuers with a 45-day filing extension for filings required on or before June 1, 2020 to allow issuers the time needed to focus on the many other business and financial reporting implications of the COVID- 19 pandemic. 

The Company will rely on this exemption with respect to the Interim Filings in accordance with OSC Instrument 51-502 - Temporary Exemption from Certain Corporate Finance Requirements ("OSC Instrument 51-502"). The Company is continuing to work diligently and expeditiously to file the Interim Filings and currently expects to have them filed on or prior to the extended filing deadline of July 17, 2020. 

Annual Filings 

The Company is also providing an update on the status of the filing of its annual consolidated financial statements and accompanying management's discussion and analysis and related CEO and CFO certificates for the financial period ended December 31, 2019 (collectively, the "Annual Filings"), which were required to be filed by April 29, 2020 under Sections 4.2 and 5.1(2) of National Instrument 51-102 - Continuous Disclosure Obligations. 

As previously announced on April 28, 2020, the Company is relying on the aforementioned 45-day filing extension being offered pursuant to OSC Instrument 51-502. 

The Company is continuing to work diligently and expeditiously with its auditors to file the Annual Filings on or before June 15, 2020. 

Black-Out Policy and Update on Material Business Developments 

Until the Annual Filings and the Interim Filings are filed, management and other insiders of the Company are subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11-207 - Failure to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. 

The Company confirms that: there have been no material business developments other than those that have been publicly disclosed as required under applicable securities laws since the filing of its condensed consolidated interim financial statements for the period ended September 30, 2019; and (ii) there have been no material business developments since April 28, 2020 (the date of the last news release filed by the Company in accordance with OSC Instrument 51-502). 

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact: 

Canuc Resources Corporation

(416) 525 – 6869  

cberlet@canucresources.ca

Forward Looking Information 

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof. 

Canuc Resources Closes Private Placement

Canuc Resources Closes Private Placement

May 11, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) announces the closing of a non-brokered Private Placement for gross proceeds of $100,000. The closing of this Private Placement results in issuance of 1,000,000 Units. Each Unit consists of one common share (“Common Share”) priced at 10 cents and one half of one warrant (“Warrant”). Each Warrant entitles the holder to purchase one additional Common Share at 15 cents for a period of two years from the closing of the Private Placement. All securities issued under this Private Placement will be subject to a hold period expiring four months and one day from the date of closing. Proceeds of this Private Placement will be used for exploration at the Company’s San Javier Silver-Gold Project, and for general working capital.  

Two Officers of the Company (collectively, the “insiders”) have invested in this Private Placement subscribing for in aggregate 200,000 Units, or gross proceeds of $20,000. The participation of insiders in the Private Placement constitutes a “related party transaction” within the meaning of the Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the policies of the TSX. The Company is relying on the exemptions from the formal valuation and minority approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the private placement by insiders will not exceed 25% of the fair market value of the Company’s market capitalization. The Company did not file a material change report at least 21 days prior to the completion of the private placement since the existence of any placement or insiders’ participation therein was not determined at that time.  

Closing of this Private Placement is subject to final approval by the TSX Venture Exchange. 

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact: 

Canuc Resources Corporation

(416) 525 – 6869  

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof. 

Canuc Resources Announces Extension of Financial Statements and MD&A Filing

Canuc Resources Announces Extension of Financial Statements and MD&A Filing

April 28, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) announces that due to the COVID-19 pandemic, the Company intends to postpone the filing of its annual consolidated financial statements and accompanying management's discussion and analysis and related CEO and CFO certificates for the financial period ended December 31, 2019 (collectively, the "Annual Filings"), which are required to be filed by April 29, 2020, under Sections 4.2 and 5.1(2) of National Instrument 51-102 - Continuous Disclosure Obligations. 

On March 18, 2020, the Canadian Securities Administrators (CSA) announced a blanket provision which provided issuers with a 45-day filing extension for filings required on or before June 1, 2020. This extension was to allow issuers the time needed to focus on the many other business and financial reporting implications of the COVID- 19 pandemic. 

The Company will rely on this exemption with respect to the Annual Filings in accordance with OSC Instrument 51-502 - Temporary Exemption from Certain Corporate Finance Requirements. The Company is continuing to work diligently and expeditiously to file the Annual Filings and currently expects to have them filed on or prior to the extended filing deadline of June 15, 2020. 

Until the Annual Filings are filed, management and other insiders of the Company are subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11-207 - Failure to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. 

The Company confirms that since the filing of its condensed consolidated interim financial statements for the period ended September 30, 2019, there have been no material business developments other than those that have been publicly disclosed as required under applicable securities laws. 

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact: 

Canuc Resources Corporation

(416) 525 – 6869  

cberlet@canucresources.ca

Forward Looking Information 

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof. 

Canuc Resources Closes Private Placement

Canuc Resources Closes Private Placement

February 14, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) announces the closing of a non-brokered Private Placement for gross proceeds of $850,000. The closing of this Private Placement results in issuance of 8,500,000 Units. Each Unit consists of one common share (“Common Share”) priced at 10 cents and one half of one warrant (“Warrant”). Each Warrant entitles the holder to purchase one additional Common Share at 15 cents for a period of two years from the closing of the Private Placement. All securities issued under this Private Placement will be subject to a hold period expiring four months and one day from the date of closing. Proceeds of this Private Placement will be used for exploration at the Company’s San Javier Silver-Gold Project, and for general working capital.  

Three Officers of the Company (collectively, the “insiders”) have invested in this Private Placement subscribing for in aggregate 480,000 Units, or gross proceeds of $48,000. The participation of insiders in the Private Placement constitutes a “related party transaction” within the meaning of the Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the policies of the TSX. The Company is relying on the exemptions from the formal valuation and minority approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the private placement by insiders will not exceed 25% of the fair market value of the Company’s market capitalization. The Company did not file a material change report at least 21 days prior to the completion of the private placement since the existence of any placement or insiders’ participation therein was not determined at that time.  

Closing of this Private Placement is subject to final approval by the TSX Venture Exchange. 

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact: 

Canuc Resources Corporation

(416) 525 – 6869  

cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.  

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.  

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof. 

Canuc Resources Samples High Grade Silver and Gold Along the San Javier Mineral Trend

Canuc Resources Samples High Grade Silver and Gold Along the San Javier Mineral Trend

February 6, 2020

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) is pleased to provide results of sampling program that was focused along the Company’s San Javier mineral trend ait’s 100% owned San Javier Silver-Gold Project. 

program was undertaken to sample artisanal workings at various locations within the property to confirm the hypothesis of vein continuity along the extent of the Company’s 3 km contiguous claim holding.  

Between 2010 and 2019 the Company acquired a total of 17 claims covering 3 km of strike and down dip extensions of silver and gold veins that had been the subject of small-scale historical mining. Results from an exploration program conducted by Canuc in 2017 and 2018 established a geological model consisting of stacked, subparallel veins. A small drilling program defined multiple, independent veins containing high to bonanza grades of silver and gold. Also reported with exploration results (see News Release May 22, 2018) were two distinct breccia zones found on surface which yielded robust grades of silver and gold over widths that were much wider than simple vein deposits. 

The most recent sampling program has been designed to confirm the hypothesis of vein system continuity along the 3 km mineral trend. This was done with a view to preparing the Company for an upcoming drill program on the 17 contiguous claims of the San Javier Silver-Gold Project. 

We are pleased with these results and believe that these high-grade silver and gold samples, taken from several locations along the 3 km of strike extent of the San Javier Silver-Gold Project, confirm our hypothesis of vein continuity along the trend of the Company’s claims. 

Our most recent results confirm that high grade silver and gold veins are evidenced along the full 3 km extent of the San Javier Silver-Gold Project. This validates our strategy of acquiring and combining claims along the strike length of the San Javier Mineralized Corridor 

The Company has 17 contiguous claims, covering 3 km of strike length and the down dip projections of surface veins, and has now been able to confirm silver-gold mineralization along the extent of the Mineralized Corridor.” stated Chris Berlet, President & CEO.  

The samples were collected and delivered to Bureau Veritas Mineral Laboratories in Hermosillo, Mexico, a certified, internationally recognized assay laboratory. Gold analyses were completed using a Fire Assay AAS Finish on a 30-gram sample at the Hermosillo Laboratory. All samples were also analysed for a multi element suite (ICP) from pulps sent to their Vancouver laboratory.  

Fifteen of the sixteen samples exceeded the ICP upper detection limit for silver (>100 ppm) and were subsequently analysed by Fire Assay – gravity finish in the Hermosillo laboratory. All samples were chip samples, which are reasonably representative of the bedrock exposures and suitable for the purposes described herein. 

Table 1 Sample assays from the San Javier Mineralized Corridor 

SAMPLE 

Number 

WIDTH (M)  Au g/t  Ag g/t  DESCRIPTION 
1  0.6  1.8  11  Southwest extent of the claims up-dip 
2  0.6  0.33  114  Southwest extent of the claims up-dip 
3  0.8  17.9  111  1,200 meters along strike Northeast 
4  1.1  11.6  99  1,200 meters along strike Northeast 
5  0.4  3.1  138  1,200 meters along strike Northeast 
6  1.1  4.13  197  1,200 meters along strike Northeast 
7  0.6  0.65  170  1,500 meters along strike Northeast 
8  0.9  0.06  44.9  1,500 meters along strike Northeast 
9  0.4  0.28  262  1,650 meters along strike Northeast 
10  0.3  0.24  243  2,000 meters along strike Northeast 
11  0.5  0.02  182  2,700 meters along strike Northeast 
12  0.9  0.02  195  2,700 meters along strike Northeast 
13  0.3  0.19  399  2,700 meters along strike Northeast 
14  1.5  0.13  239  2,700 meters along strike Northeast 
15  1.4  0.02  705  2,400 meters along strike Northeast 
16  1.6  0.02  578  2,400 meters along strike Northeast 

Figure 1 Sample locationfrom the San Javier Mineralized Corridor 

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

Seymour M. Sears, B.A., B.Sc., P.Geo is the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.  

For further information please contact:  

Christopher Berlet 

Chief Executive Officer and Director 

(416) 525 – 6869  

cberlet@canucresources.ca

Disclaimer and Forward-Looking Statements 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release. 

This news release contains forward-looking statements within the meaning of applicable securities laws relating to the Transaction, including statements regarding the terms and conditions of the Transaction. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the parties will not proceed with the Transaction, that the ultimate terms of the Transaction will differ from those currently contemplated, and that the Transaction will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities, including the Exchange). If the Transaction is not completed, and the Company continues as an independent entity, there is the risk that the announcement of the Transaction and the dedication of substantial resources of the Company to the completion of the Transaction could have an adverse impact on the Company’s existing business and strategic relationships, operating results and business generally. When used in this news release, the words “estimate”. “project”, “anticipate”, “expect”, “intend” “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking statements. The forward-looking statements are based on current expectations and apply only as of the date on which they were made. The statements in this news release are made as of the date of this release. Additional information identifying risks and uncertainties is contained in Canuc's filings with the Canadian securities regulators, which are available at www.sedar.com. 

Completion of the Transaction is subject to Exchange acceptance.  There can be no assurance that the Transaction will be completed as proposed or at all. 

Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. 

Canuc Resources Provides Update for IoT Strategic Partnership Agreement

Canuc Resources Provides Update for IoT Strategic Partnership Agreement

January 17

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) is pleased to provide an update on the previously announced Partnership Agreement with an Internet of Things (IoT) service provider firmThe Partnership Agreement is structured for Canuc to become a Strategic Partner to the IoT Firm with the ability to sell and promote spectrum network in key jurisdictions throughout North America.   

The Partnership Agreement was signed with Ioticiti Networks Inc (“Ioticiti”) (www.ioticiti.com)Ioticiti is an IoT Firm with Industrial IoT solutions designed to service Oil & Gas/Mining and other industries. 

Under the terms of the Partnership AgreementCanuc is provided exclusivity for oil & gas and mining business applications in the Provinces of Alberta and Saskatchewan and in the State of Texas, USA. Canuc will receive a 20% gross revenue share from Ioticiti for all sales brought forward and Ioticiti will be responsible for providing equipment, labor and warranty for sales.  

Canuc is currently in talks with oil & gas production and service companies, and with mining companies that have operations in western Canada. Canuc is expecting to bring new clients to Ioticiti within the first quarter of 2020.  

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights through a Partnership Agreement with Ioticiti Networks Inc. to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.   

For further information please contact Canuc Resources Corporation:  

(416) 548 – 9748  

cberlet@canucresources.ca

Disclaimer and Forward-Looking Statements

This news release contains forward-looking statements within the meaning of applicable securities laws relating to the Transaction, including statements regarding the terms and conditions of the Transaction. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the parties will not proceed with the Transaction, that the ultimate terms of the Transaction will differ from those currently contemplated, and that the Transaction will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities, including the Exchange). If the Transaction is not completed, and the Company continues as an independent entity, there is the risk that the announcement of the Transaction and the dedication of substantial resources of the Company to the completion of the Transaction could have an adverse impact on the Company’s existing business and strategic relationships, operating results and business generally. When used in this news release, the words “estimate”. “project”, “anticipate”, “expect”, “intend” “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking statements. The forward-looking statements are based on current expectations and apply only as of the date on which they were made. The statements in this news release are made as of the date of this release. Additional information identifying risks and uncertainties is contained in Canuc's filings with the Canadian securities regulators, which are available at www.sedar.com. 

Completion of the Transaction is subject to Exchange acceptance.  There can be no assurance that the Transaction will be completed as proposed or at all. 

Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. 

Canuc Resources Closes Private Placement

Canuc Resources Closes Private Placement

November 13, 2019

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) is pleased to announce the signing of a Partnership Agreement with an Internet of Things (IoT) service provider firm (“IOT Firm”). The Partnership Agreement is structured for Canuc to become a Strategic Partner to the IOT Firm with the ability to sell and promote its IoT dedicated network services and its IoT technologies throughout North America.  

Under the Partnership AgreementCanuc will receive a 20% gross revenue share from the IOT Firm for all sales brought forward by CanucCanuc is provided exclusivity for Oil and Gas and Mining business applications in the Provinces of Alberta and Saskatchewan in Canada, and in the State of Texas, USA. The IOT Firm will be responsible for providing equipment, labor and warranty for all sales.  

The IOT Firm is privately-owned technology company that specializes in private wireless networks for the industrial Internet of Things. The IOT Firm has applications in many industrial areas such as: Construction, Oil & Gas, Mining, Pipeline Management and Utilities. The IOT Firm’s purpose-built industrial IoT network utilizes Artificial Intelligence for its applications and delivers mission critical data to companies while employing enterprise grade security.  

The World Economic Forum estimates that “digital transformation in the oil and gas industry could unlock approximately $1.6 trillion of value for the industry, its customers and wider society.” Through the signing of this Partnership Agreement Canuc will be able to take part in the expansion of the IoT market in the Oil & Gas and Mining sectors in North America and receives exclusive rights in key energy jurisdictionsA recent article published by BIS Research indicates that IoT spending in the Oil & Gas industry is expected to grow to more than $30 billion dollars per year in the next five to ten years, as part of the Fourth Global Industrial Revolution. 

In a world with aging infrastructure, cost pressures, fluctuating margins and regulatory scrutiny, the need for efficient and capable maintenance technology is becoming increasingly critical. A lack of data transparency results in accidents, reworks and unplanned downtime, which costs facilities tens of billions of dollars each year. Industrial IoT can help leverage new sources of data to improve maintenance processes and realize substantial cost savings and is expected to generate between $4 and $11 trillion USD in value over a five-year period (Mackenzie Global Institute). 

The business opportunity resulting from this Partnership is anticipated to bring the potential for significant cash flow to the company. This will compliment existing cash flow from energy assets and support undiluted development of Canuc’s 100% owned San Javier Silver-Gold Project.  

We are excited for the company to be venturing into the fast-growing market for IoT applications, and to be able to bring Industrial IoT applications to companies within our resource network. Canuc’s exclusive rights for energy and mining sector IoT applications in key jurisdictions in North America can bring meaningful success at a time when these technologies are revolutionizing extractive industries with productivity, logistical and safety improvements” stated Chris Berlet, CEO of Canuc.  

 

About Canuc 

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights through a Partnership Agreement to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.  

For further information please contact Canuc Resources Corporation: 

(416) 548 – 9748 

cberlet@canucresources.ca

Disclaimer and Forward-Looking Statements 

This news release contains forward-looking statements within the meaning of applicable securities laws relating to the Transaction, including statements regarding the terms and conditions of the Transaction. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the parties will not proceed with the Transaction, that the ultimate terms of the Transaction will differ from those currently contemplated, and that the Transaction will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities, including the Exchange). If the Transaction is not completed, and the Company continues as an independent entity, there is the risk that the announcement of the Transaction and the dedication of substantial resources of the Company to the completion of the Transaction could have an adverse impact on the Company’s existing business and strategic relationships, operating results and business generally. When used in this news release, the words “estimate”. “project”, “anticipate”, “expect”, “intend” “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking statements. The forward-looking statements are based on current expectations and apply only as of the date on which they were made. The statements in this news release are made as of the date of this release. Additional information identifying risks and uncertainties is contained in Canuc's filings with the Canadian securities regulators, which are available at www.sedar.com. 

Completion of the Transaction is subject to Exchange acceptance.  There can be no assurance that the Transaction will be completed as proposed or at all. 

Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. 

Canuc Resources Announces Final Payment on El Tule 1 Claim

Canuc Resources Announces Final Payment on El Tule 1 Claim

October 8th, 2019   

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) is pleased to announce that it has completed its final payment to Minerales y Carbones de México SA de CV for the El Tule 1 claim. The agreement to purchase the claim was made in October 2017, and the claim purchase has expanded the Company’s San Javier project area by 151.14 ha. (373.47 acres). 

Canuc now holds 17 contiguous claims along the San Javier mineralized corridor extending to 3km from the historical Santa Rosa mine workings. Earlier exploration has determined that silver-gold mineralization strengthens to the northeast and in the direction of the El Tule claimSilver bearing breccia and stockwork zones have previously been confirmed in this area (May 22nd, 2018 press release). The confirmation of silver-gold bearing breccia zones, uncovered on surface to dategreatly enhances prospects for a significant mineral discovery at San Javier. 

With completion of the final payment, the Company has secured a 3 km strike length along the San Javier mineralized corridor. The contiguous claim position covers both highly prospective breccia zones and down dip vein extents of the high-grade stacked vein system.  

San Javier Silver-Gold Project  (17 Contiguous Claims) 

About Canuc

Canuc is a junior resources company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments.  

For further information please contact:

Canuc Resources Corporation

(416) 548 – 9748 

cberlet@canucresources.ca

Disclaimer and Forward-Looking Statements 

This news release contains forward-looking statements within the meaning of applicable securities laws relating to the Transaction, including statements regarding the terms and conditions of the Transaction. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the parties will not proceed with the Transaction, that the ultimate terms of the Transaction will differ from those currently contemplated, and that the Transaction will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities, including the Exchange). If the Transaction is not completed, and the Company continues as an independent entity, there is the risk that the announcement of the Transaction and the dedication of substantial resources of the Company to the completion of the Transaction could have an adverse impact on the Company’s existing business and strategic relationships, operating results and business generally. When used in this news release, the words “estimate”. “project”, “anticipate”, “expect”, “intend” “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking statements. The forward-looking statements are based on current expectations and apply only as of the date on which they were made. The statements in this news release are made as of the date of this release. Additional information identifying risks and uncertainties is contained in Canuc's filings with the Canadian securities regulators, which are available at www.sedar.com. 

Completion of the Transaction is subject to Exchange acceptance.  There can be no assurance that the Transaction will be completed as proposed or at all. 

Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. 

Canuc Resources Announces Production Testing 15-34 Well

Canuc Resources Announces Production Testing 15-34 Well

February 7, 2019

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) provides a technical update for the 15-34 well drilled in Southwest Saskatchewan, and development update for the MidTex Energy Project in West Texas.  

The Company has now completed production testing of the primary zone at its 15-34 well at Knollys in Southwest Saskatchewan. The completion of this well increases the Company’s total land ownership to 6.5 sections. The Company also has rights to acquire working interest in an additional 5.8 contiguous sections, resulting in rights for a combined total of 12.3 sections.  

The 15-34 well log was completed in October and it revealed several potential hydrocarbon zones. Based on log interpretations and mud gas responses received while drilling, it was determined that the Upper Shaunavon Formation indicated the best potential for hydrocarbon accumulation. The Upper Shaunavon is a well-known producer in this area. Hydrocarbon indications are also present in the underlying Lower Shaunavon Formation. 

The well was perforated and frac’d over a four-meter interval and a two-month flow test was carried out. While this test established excellent fluid recoveries and permeability, insufficient hydrocarbons were produced to warrant completing this zone.  A zone five meters above this frac’d interval, also in the Upper Shaunavon Formation, is now being perforated for production testing. 

The 15-34 well was drilled with the benefit of 3D seismic that identified numerous Upper Shaunavon anomalies consistent with the geological interpretation of this interval. The anomaly mapping also explained the 1-34 well which has produced over 125,000 barrels of oil and which is located some 800 meters to the Southeast of the 15-34 wellIntegration of current and past well results with seismic data will help in selecting future locations for drilling, both in the immediate area and on the additional six sections of Canuc lands that lie just to the south.  

Canuc is also pleased to report that performance of gas wells at the MidTex Energy Project in West Texas continues to improve. Cashflows in December were at their best level in several months. The improvement was largely due to higher gas output from the Coody Morales well. A minor work-over on this well in the Fall has resulted in higher gas volumes and decreasing water content, and we expect these improved results to continue. In addition, the Thompson 5 well has recently been perforated in the Strawn Zone and is currently producing some oil. A frac is planned for this zone as soon as weather permits, and it is anticipated that this will materially increase oil output for the Company 

Ware continuing to develop the Company’s cash flow profile from energy assets in safe jurisdictions, with a view to protecting shareholders from unnecessary dilution in challenging market conditions.” Stated Chris Berlet, President and CEO. 

This press release has been reviewed and approved by Trevor HamilP. Geoph (Q.P. for Canuc). 

 

About Canuc

Canuc is a junior resources company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in nine producing gas wells and has rights for further in field developments. The Company also owns 6.5 sections, and has rights to acquire working interest in a further 5.8 contiguous sections, of undeveloped prospective oil acreage in Southwest Saskatchewan, Canada 

For further information please contact Canuc Resources Corporation: 

(416) 548 – 9748 

cberlet@canucresources.ca

Disclaimer and Forward-Looking Statements

This news release contains forward-looking statements within the meaning of applicable securities laws relating to the Transaction, including statements regarding the terms and conditions of the Transaction. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the parties will not proceed with the Transaction, that the ultimate terms of the Transaction will differ from those currently contemplated, and that the Transaction will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities, including the Exchange). If the Transaction is not completed, and the Company continues as an independent entity, there is the risk that the announcement of the Transaction and the dedication of substantial resources of the Company to the completion of the Transaction could have an adverse impact on the Company’s existing business and strategic relationships, operating results and business generally. When used in this news release, the words “estimate”. “project”, “anticipate”, “expect”, “intend” “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking statements. The forward-looking statements are based on current expectations and apply only as of the date on which they were made. The statements in this news release are made as of the date of this release. Additional information identifying risks and uncertainties is contained in Canuc's filings with the Canadian securities regulators, which are available at www.sedar.com. 

Completion of the Transaction is subject to Exchange acceptance.  There can be no assurance that the Transaction will be completed as proposed or at all. 

Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.