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Canuc Provides San Javier Exploration Update and Reports on SJ-21-04
Toronto, Ontario--(Newsfile Corp. - October 12, 2021) - Canuc Resources Corporation (TSXV: CDA...
About this update from Canuc Resources Corporation
[{"type":"text","content":"Canuc Provides San Javier Exploration Update and Reports on SJ-21-04Toronto, Ontario--(Newsfile Corp. - October 12, 2021) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) (\"Canuc\" or the \"Company\") is pleased to provide an update on the exploration program currently in progress at the Company's San Javier Ag-Au Project in Sonora State, Mexico.Three holes have been completed to date. The fourth drill hole (SJ-21-04) is in progress and is currently at a depth of 922 m and ongoing. Drill hole four (SJ-21-04) is continuing because chalcopyrite has been visibly identified first beginning at 302 m, becoming more persistent beyond a depth of 534 m and is still visible in core at a depth of 922 m. Company geologists believe that this drill hole has the potential to identify a mineralized intrusive body consistent with the discovery model that the Company has been pursuing. This drill hole (SJ-21-04) was designed to test a kilometer long magnetic anomaly detected near historical workings referred to as the Chiripas Mine. Earlier surface and shallow underground sampling of magnetite veining at the Chiripas Mine encountered strong silver values ranging up to 644 g/t over 0.43 m. The drill hole has intersected a broad zone of variably stockworked and brecciated Barranca sediments with minor andesitic dykes. The Barranca sediments show contact metamorphism from about 461 m and downward, variable amounts of magnetite bearing veinlets, stringers and breccia matrix throughout. Local narrow magnetite veins accompany the important presence of sulfides from 34 m, including pyrite, pyrrhotite and possibly also bornite and cerargyrite at depth. The first 850 m of drill core has been split and sent for assay.Below is a summary of the geology intersected in the first 3 holes drilled prior to SJ-21-04. Hole SJ-21-01 was drilled to a total depth of 89.5 m (lost in a fault zone) and encountered brecciated Barranca sediments including siltstone, sandstone, conglomerate and variable amounts of magnetite bearing veinlets, stringers and a breccia matrix throughout. Local narrow magnetite veins included an assay of 126 g/t Ag over 2.35 m. Hole SJ-21-02 (twin of Hole SJ-21-01) was drilled to a total depth of 139.5 m. Brecciated Barranca sediments were encountered. A massive magnetite vein was intersected at 30.1 m grading 243 g/t Ag over 2.0 m. Hol...