• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    gold investing

    Canuc Provides Details of Santa Rosa Mine Sampling, Sonora, Mexico

    Shelly Kumar
    Mar. 28, 2017 11:27AM PST
    Precious Metals
    Gold Investing

    Canuc Resources Corporation (“Canuc” or the “Company”) (TSXV:CDA) is pleased to provide summary information, previously compiled, pertaining to work done by Santa Rosa Silver Mining Corporation (“Santa Rosa”) on the San Javier Silver/Gold project. Prior to the merger between Canuc and Santa Rosa, Santa Rosa performed an extensive channel sampling program of the vein(s) mined …

    Canuc Resources Corporation (“Canuc” or the “Company”) (TSXV:CDA) is pleased to provide summary information, previously compiled, pertaining to work done by Santa Rosa Silver Mining Corporation (“Santa Rosa”) on the San Javier Silver/Gold project.
    Prior to the merger between Canuc and Santa Rosa, Santa Rosa performed an extensive channel sampling program of the vein(s) mined intermittently since the 1950s. The channel sampling program was carried out in 2012 under the guidance of Seymour Sears, P.Geo, whose NI 43-101 report on the San Javier project can be viewed on SEDAR.
    The Santa Rosa mine consists of five levels, plus connecting sub-levels, spanning a strike length of 490 m and 135 m down dip (~100 m vertically below surface). The vein ranges from 0.3 m to 5.0 m in width and is open along strike in both directions, and also down dip. A total of 341 samples of vein material were collected; the weighted average grade was:
    388 g/t (11.3 oz/t) Ag, 2.02 g/t (0.06 oz/t) Au, 1.58% Pb & 1.28% Zn over 1.45 m.* avg. width.
    Figure 1 Long Section Santa Rosa Mine
    https://canucresources.ca/project/san-javier-project/santa-rosa-long-section-1/
    Two sub-parallel veins, El Capulin and Las Norias, occur in the footwall rocks below the Santa Rosa vein; the width between these three veins is about 115 m. These veins are similar in appearance to the Santa Rosa vein and are virtually unexplored. The host rocks to the veins are sedimentary, dominated by sandstone, but shale and coal are known to occur as interbeds. The wall rocks next to the veins are highly fractured and altered, providing the potential to find lower grade, high tonnage mineralization.
     
    A drilling program, planned for the second quarter this year, will test this concept in conjunction with detailed drilling of the Santa Rosa vein.
     
    A control and soil sampling grid, initiated in June, 2016, will be completed this year—initial soil samples are in the laboratory at this time.
     
    Figure 2 San Javier Plan Map
     
    https://canucresources.ca/project/san-javier-project/san-javier-plan-map-1-1/
     
    * The reader is cautioned that the results of the underground sampling, reported above, do not represent a resource nor do they reflect what a potentially mineable resource may ultimately average in grade and/or width.
    About Canuc
    Canuc is a junior resources company engaged in the exploration and development of mineral properties in North America. In addition, the company is active in the development of a natural gas field in Central West Texas where it has an interest in seven producing gas wells. These wells generate a sustainable cash-flow with the potential to increase income by the drilling and completion of additional wells.
    John Nebocat, BSc (Geological Engineering), P.Eng, Vice President Exploration for Canuc, is the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.
    For more information on the content of this release or about Canuc, please contact:
     
    Christopher J. Berlet, CFA
    CEO
    416 525 – 6869
    cberlet@canucresources.ca
    Disclaimer and Forward-Looking Statements
    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
    Forward-Looking Statements: This news release contains forward-looking statements that include risks and uncertainties.  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 statements.  The forward-looking statements are based on current expectations and apply 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 statements include changes in the prevailing

    Source: globenewswire.com

    ni 43-101 reportgold investing
    The Conversation (0)

    Go Deeper

    AI Powered
    First Majestic Announces Positive Exploration Results at San Dimas

    First Majestic Announces Positive Exploration Results at San Dimas

    Kingsmen Resources Continued High Grade Silver in Sampling Expands Drill Targets

    Kingsmen Resources Continued High Grade Silver in Sampling Expands Drill Targets

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Precious Metals Stocks

    1911 Gold

    AUMB:CC

    Kobo Resources

    KRI:CC

    Brunswick Exploration

    BRW:TCM
    Brunswick Exploration Logo

    Asra Minerals

    ASR:AU

    Piche Resources

    PR2:AU

    Quimbaya Gold

    QIM:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×