Canuc Resources 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