Two IOCG districts, one strategy
Exploration at East Sudbury and San Javier is intended to draw on cash flow from a mine planned at the historic Scadding Mine site, MidTex natural gas and the Scadding tailings royalty, reducing reliance on the market and limiting dilution.
Canuc Resources Corporation (TSX-V: CDA · OTCQB: CNUCF · WKN: A41V6H) is an IOCG discovery company. East Sudbury and San Javier are held 100%.
Exploration
East Sudbury Project
20,078 hectares held 100% in the Sudbury Mining District. One IOCG system with copper and gold together, and a mine planned at the historic Scadding Mine site.
- 20,078 ha
- 100% owned
- Au · Cu · Ni · Co · PGM
San Javier Silver-Gold Project
1,052 hectares held 100% in Sonora. A silver-dominant IOCG target, with silver in magnetite breccia at El Tule on a large magnetic intrusive.
- 1,052 ha
- 100% owned
- Ag · Au · Cu · Fe
Production and cash flow
MidTex Energy Project
Natural gas production in Stephens County, Texas, contributing cash flow toward exploration.
- Stephens County, TX
- In production
Scadding Gold Tailings Project
A 4% NSR on gold recovered from the historic Scadding tailings at East Sudbury.
- 4% NSR
- East Sudbury
Why IOCGs?
Iron Oxide Copper Gold deposits are among the rarest and most valuable mineral systems in the world. Unlike many deposits built around a single commodity, IOCGs can host copper, gold, silver, cobalt, nickel and platinum-group metals within the same geological system.
Their importance lies in the combination of scale, metal diversity and longevity. IOCG systems can range from tens of millions to several billion tonnes of ore and, at the upper end, can support mining operations lasting for decades. Their large geological footprints can continue to yield new mineralised centres as exploration advances, allowing an initial discovery to evolve into an entire mining district.
That is why world-class IOCGs are so highly prized by major mining companies. BHP’s Olympic Dam in South Australia and the giant IOCG systems of Brazil’s Carajás Province demonstrate the extraordinary scale these deposits can achieve. Assets of this type can support multi-billion-dollar valuations, long-life production and decades of reserve replacement, making them strategically important to global resource producers seeking to replenish declining reserves.
For an explorer, that is the attraction of the IOCG model: the opportunity is not simply to discover a single orebody, but potentially to define a large, long-life, multi-metal mineral system capable of supporting successive discoveries over many years.
- IOCG systems
- 10M–4B+ tonnes
- Potential scale of IOCG systems
- IOCG systems
- 20–50+ years
- Potential mine life of major IOCG systems
- Canuc
- Tier-1 Jurisdiction
- Ontario, Canada
- Canuc
- Multi-metal
- Cu · Au · Ag · Co · Ni · PGM, with multi-billion metal value discovery potential
Two Canuc IOCG targets, 100% owned
East Sudbury Project
- Au-Cu-Co-Ni-PGM mineralization with Fe-chlorite alteration
- IOCG potential confirmed by multiple geoscientists, including Natural Resources Canada and Schandl & Gordon
- Bell Geospace gravity gradiometry and NRCan seismic surveys used for IOCG targeting
San Javier Project
- Large magnetic intrusive target, with silver carried in magnetite above 2,000 g/t Ag
- More than 70% silver halides plus putoranite, supporting the IOCG model
- On a 10 km trend of copper-gold mines
Reference deposits are shown for context only and do not indicate that Canuc’s projects will host comparable mineralization. Source: Canuc corporate presentation, September 2026.
Canada to site
Scroll to zoom from Canada down to the East Sudbury Project and the historic Scadding Mine, Sudbury Mining District, Ontario.
Mexico to site
Scroll to zoom from Mexico down to the San Javier Silver-Gold Project, Sonora.