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Canuc Resources Corporation Announces First Drill Results at San Javier
Toronto, Ontario--(Newsfile Corp. - September 12, 2017) - Canuc Resources Corporation (TSXV: C...
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[{"type":"text","content":"Canuc Resources Corporation Announces First Drill Results at San JavierToronto, Ontario--(Newsfile Corp. - September 12, 2017) - Canuc Resources Corporation (TSXV: CDA) announces initial results from the Phase I drill program being conducted on the Company's San Javier Silver-Gold Project in Sonora State, Mexico. A total of 7 holes have been drilled, testing the Santa Rosa vein (SRV) over a strike length of 430 m northeast-southwest. The SRV has been confirmed in all holes for a current strike length of 430 m and is open to the northeast, southwest and at depth. Most assays are still pending. Drill hole SJ17-001 intersected the SRV between 161.35 m and 165.70 m depth, yielding a weighted average of 202 g/t Ag, 0.57 g/t Au, 2.66% Pb and 2.57% Zn over 4.35 m. The SRV, and associated hydrothermal breccias, occur within porphyritic, andesitic volcanics. The volcanics are host to epithermal-style sulphide mineralization and late-stage, low temperature quartz +/- barite veining. Narrow, isolated veins occur in various locations above the SRV, yielding values ranging up to: 14.6 g/t Au, 2.45% Zn; 1.15 g/t Au, 368 g/t Ag, 8.97 % Pb, 10.0% Zn; and 1.17 g/t Au, 908 g/t Ag, 2.28% Pb, 3.46% Zn. Hole SJ17-004, collared 245 m west of SJ17-001, intersected the SRV and breccias between 69.55 m and 80.0 m depth. It manifests as an upper silver-rich zone that averages 326 g/t Ag over 3.32 m, and a lower gold-rich level that averages 1.74 g/t Au over 6.0 m, including 4.24 g/t Au over 2.0 m. The lower zone also contains a 3.15 m interval that averages 1.25% Zn. A new, high grade vein was intersected halfway down drill hole SJ17-004 with two splays yielding 1,000 g/t Ag, 3.83 g/t Au, 8.20% Pb and 4.28% Zn and 270 g/t Ag, 1.79 g/t Au, 2.09% Pb and 0.80% Zn over 1.0 and 0.8 meters respectively. The final result of the >1,000 g/t Ag interval will be announced as soon as possible. This represents further evidence of high grade veins occurring as stacked, en echelon lenses along the San Javier mineralized corridor.The lower portion of Hole SJ17-006, collared 255 m north of SJ17-001, intersected a quartz stockwork zone between 171 m and 214 m depth (43 m). It consists of thin quartz+barite stringers containing disseminated and patchy sulphides, including galena and sphalerite. The stockwork is hosted by quartzite, conglomerate and siltstone. The occurr...