East Sudbury Project (ESP) IOCG Exploration Project
Ontario, Canada Gold, Copper, Uranium
Canuc holds a 100% unencumbered ownership interest in its East Sudbury Project (ESP) (the “East Sudbury Project”) which spans 19,710 hectares and is situated approximately 30 kilometers northeast of the prolific Sudbury Mining Camp in Ontario, Canada. The East Sudbury Project (ESP) encompasses several centers of critical and precious metal mineralization (gold, copper, cobalt, platinum group metals and uranium) interpreted to be related to a mineral system that forms IOCG and affiliated critical and precious mineral deposits.
San Javier Project IOCG Exploration Project
Sonora State, Mexico Silver, Gold, Copper
Canuc holds a 100% ownership interest in the San Javier Silver-Gold Project (the “San Javier Project”) located 140 km east of Hermosillo in Sonora State, Mexico. The San Javier Project spans 1,052 hectares covering 28 claims and evidences extensive silver, gold and copper mineralization interpreted to be related to a mineral system that has formed silver dominant IOCG deposits.
MidTex Energy Project Natural Gas Production
Stephens County, Texas, USA Natural Gas, Natural Gas Liquids, Oil
Canuc generates cash flow from natural gas production at its MidTex Energy Project (“MidTex Energy Project”) located in Stephen’s County, West Texas, USA. Canuc has an interest in 8 producing natural gas wells and holds rights for further infield developments. The wells benefit from long-life productive capacity and low decline rates. Each well has multiple untapped hydrocarbon horizons behind pipe. The MidTex Energy Project has been producing since 2011 and is expected to produce steady, small scale and conservative cash flows for Canuc for an extended period.
Scadding Gold Tailings Project Gold Recovery from Tailings
Ontario, Canada Gold
Canuc holds a 4% NSR on gold produced from the Scadding Gold Mine Tailings Reclamation Project (“Scadding Gold Tailings Project”). The Scadding Gold Tailings Project is situated within the SPJ claim block which is located approximately ~ 40 km east of Sudbury, Ontario, Canada. The tailings impound contains approximately ~ 150,000 tons of gold tailings which were left over from gold mining activities which took place in the 1980’s. These tailings show very favorable leach kinetics and have received a permit for reprocessing. The project will begin producing gold in late 2025.
Canuc has assembled a portfolio of high-quality metal exploration assets, and revenue generating energy and metal assets, in pursuit of non-dilutive value development for shareholders.