CDA - Canuc Resource Corp

[Jack_Aster]

Canuc Resources Corp (2)
Symbol CDA
Shares Issued 42,604,598
Close 2010-03-05 C$ 0.19
Recent Sedar Documents



Canuc Resources to drill under GoldStar mine


2010-03-08 09:45 MT - News Release

Mr. Ken Murton reports

CANUC RESOURCES CORPORATION COMMENCES DRILLING AT NAMBIJA

Canuc Resources Corp. is to commence exploratory drilling below the company's previously producing GoldStar mine. This is in an area that has been proposed as a possible extension of the GoldStar mineralization, where Canuc had previously intersected 0.69 oz. Au/ton over four meters as reported in the Company's 1996 annual report. The GoldStar as well as the adjoining El Playon, El Arco and Upper Arco orebodies are believed to be significant mineralized structures with great potential for future exploration.

In addition, Canuc intends to continue with its previous plans of target definition on several areas of the property with the objective of starting a 3,000 meter diamond drilling program this Spring. The diamond drilling will focus on testing the GoldStar, El Playon, El Arco and the El Tierrero mineralized zones at depth. In particular, emphasis will be placed on the El Tierrero structure where Placer Dome Inc. intersected a two meter (7.0 ft) section which assayed 147 grams (4.72 oz.) of gold to the ton as reported in Canuc's 1997 annual report.

Canuc President and CEO Hub Mockler stated "This is an exciting time for the Company as we are now restarting exploration initiatives on the Nambija project in Ecuador. We have sufficient financing to support a substantial diamond drilling and exploration program and we look forward to reporting results as they become available."

The exploration program at Nambija is being carried out under the supervision of Gary Lohman, P. Geo., a Qualified Person as defined under the terms of National Instrument 43-101.

We seek Safe Harbor.

[Jack_Aster]

EC and CDA moving today. CDA has some results pending, and because their property is close to EC, its affecting both plays. Results should be out in a week or two.

[Jack_Aster]

Hole 6 will be interesting. If we can get 8g/t of Au over 80m, well lets just say this could run like EC did a while ago.


Canuc Resources Corp (2)
Symbol CDA
Shares Issued 42,604,598
Close 2010-06-04 C$ 0.30
Recent Sedar Documents



Canuc Resources drills three m of 8.6 g/t Au at Nambija


2010-06-07 07:14 MT - News Release

Mr. Ken Murton reports

CANUC RESOURCES CORPORATION REPORTS ON PROGRESS OF CURRENT DRILLING PROGRAM IN NAMBIJA, ECUADOR

Canuc Resources Corp. has now completed seven diamond drill holes for a total of 1,431 metres at its Nambija gold prospect located in southeastern Ecuador. All holes encountered skarn, which is the principal host rock for gold and other mineralization, in Nambija. Holes number one and two have been logged and split and sent to Acme Labs in Vancouver for assay. An initial ICP test conducted on this core returned several elevated gold values, including a one-meter section in hole number two which returned 14 grams of gold to the ton. In hole number one a three meter section from 22.86 to 25.90 meters averaged 8.6 grams to the ton. This was part of a mineralized section from 0 to 25.90 meters which averaged slightly over 3.1 grams to the ton. It is important to note that an ICP test does not have the accuracy of a fire assay.

An additional 200 samples have been split and sent to the preparation lab in Cuenca and from there will be shipped to the Acme Labs in Vancouver for assay. Hole number six which was completed earlier this week encountered 80 meters of skarn (from 20 to 100 meters) and considered to be the most interesting hole drilled to date is currently being logged and split and will be forwarded for assay immediately. This hole had all of the important indicator minerals which are common to gold mineralization. An initial examination of the core by our geologist suggested that it contained some very fine gold grains.

Hole number eight which is being drilled in the centre of the property and is slated to go to a depth of 400 meters unexpectedly encountered skarn alteration. Earlier mapping in this area indicated that the rocks in this part of the property were mainly sedimentary in origin. Should this hole contain any meaningful values it would add an entirely new dimension to the Nambija gold prospect. As of this writing the hole is currently at a depth of 200 meters.

The Company also wishes to report that it has entered into a one year consulting agreement with two individuals to provide Canuc with assistance in its future capital requirements. This group has extensive experience in helping junior companies in raising capital and increasing investor awareness in their activities.

Subject to approval of the TSX Venture Exchange, the Company has completed a private place of 400,000 units consisting of one common share and one warrant entitling the holder to purchase one additional share at $0.25 for one year. The units were priced at $0.20 each.

We seek Safe Harbor.