The newly acquired claims are contiguous with existing claims and cover extensions on one of the Company's principal exploration targets.
Canuc began acquiring claims at San Javier in 2010. The Company now has 100% ownership of 24 contiguous claims in the heart of the San Javier exploration and mining camp. In 2020 discovery of an extensive silver-mineralized breccia system combined with intense magnetite swarms resulted in IOCG deposit potential hypothesis.
The San Javier area has a mining history dating back to 1704.
Renewed Interest - San Javier Exploration and
The San Javier area first came back into focus in August of 2020 when
Further interest in the San Javier area came in
'The San Javier area has a development history dating back over 300 years. The Canuc team believes that we have significant discovery potential based on revised geological interpretations, and that our exploration claims are centrally located in what has become a dynamic mining and exploration camp.' Stated
About Canuc
Canuc is a junior company focusing on the
Contact:
Tel: (416) 525 6869
Email: 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.
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