Canuc Resources’ Chris Berlet on Targeting a Silver Dominant IOCG in Mexico
Channel: InvestorCoffee
Date: 2024-01-08

In a recent Investor.Coffee interview with Investor.News host Tracy Weslosky, Chris Berlet, President, CEO and Director of Canuc Resources Corporation (TSXV: CDA | OTCQB: CNUCF), discussed the commencement of a geological mapping and sampling program at their San Javier Silver-Gold Project in Sonora State, Mexico. Highlighting the significance of the geological target being an IOCG (Iron oxide copper gold ore) deposit, Chris shared that the San Javier Project is surrounded by notable mining projects and encompasses 28 claims in a prime location within an established mining camp.

Chris emphasized the vast potential of IOCG deposits, noting their large size and significant metal accumulation. Chris said that the San Javier Project’s focus is on silver, which is abundant in Mexico's mantle, contributing to the region's rich silver deposits. The San Javier Project has shown promising signs, including high-grade silver veins and substantial magnetite presence, indicative of IOCG geology.

The San Javier Project’s strategic location in the middle of a mining camp with a trend of copper and gold deposits adds to its potential. Chris also shed light on Canuc's unique position in the industry, backed by cash flow from its natural gas wells in Texas, which helps minimize share dilution and funds their exploration initiatives. To access the complete Investor.Coffee Interview/Podcast, click here

About Canuc Resources Corporation

Canuc is a junior resource company focusing on its San Javier Silver-Gold Project in Sonora State, Mexico. The Company also generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight (8) producing natural gas wells and has rights for further in field developments.

Disclaimer: This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.

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