Canuc Resources Corporation stakes 863 claims in Southwestern Nova Scotia
12 Februar 2012 - 1:04AM
PR Newswire (Canada)
TSX Venture Exchange Symbol: CDA Shares Outstanding: 62,535,798
TORONTO, Feb. 13, 2012 /CNW/ - Canuc Resources Corporation ("Canuc"
or the "Company") is pleased to report that the Minerals Registry
Branch of the Department of Natural Resources, Nova Scotia has
confirmed that the Company has acquired 863 mining exploration
claims in the Meguma Terrane of Southwestern Nova Scotia. The
claims cover an area of approximately 140 square kilometres in
three areas known as Little Lake Brook, Sable River and Jordan
Falls. The mining exploration claims are located north of Shelburne
and due west of Liverpool along the southern extension of the
Pleasantville anticline, a structural feature that hosts the
Company's current Mill Village exploration project to the north.
Previous exploration work in these areas is
limited. Exploration on these new claims will commence in 2012
in conjunction with the work presently being conducted at the
Company's Mill Village exploration project. "We believe the
Southwestern Meguma Terrane holds potential for bulk mineable
gold deposits similar to those being evaluated in the eastern
portions of the Terrane by Atlantic Gold NL and Acadian Mining
Corporation. Phase 1 work on Canuc's Mill Village property is
currently ongoing and is focused on identifying similar bulk
tonnage potential to complement the known, narrow vein, high grade
occurrences on the property. Results are expected from the Phase 1
program within the next several weeks." Mr. Bruce Hudgins, P. Geo
is the Qualified Person pursuant to National Instrument 43-101 for
this press release and has reviewed and approved the technical and
scientific disclosure contained herein. About Canuc Canuc is a
Canadian based exploration Company focused on identifying and
developing mineral projects in the Americas. The Company has been
carefully assessing and acquiring assets in Nova Scotia, Canada and
Texas, USA to complement its Ecuadorian mineral
assets. Management considers that these projects currently
offer a particularly favourable environment for mineral exploration
and development. The Company intends to continue to acquire
quality precious metal projects in the Americas. Management of
the Company has a proven record of discovery, resource expansion,
permitting and developing projects through to production. 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 price of gold, the
Canadian-United States exchange rate, grade of ore mined and
unforeseen difficulties in mining operations that could affect
revenues and production costs. Other factors such as uncertainties
regarding government regulations could also affect the results.
Other risks may be set out in Annual Reports. Canuc Resources
Corporation CONTACT: Gary Lohman, President &
CEO416-867-1300glohman@canucresources.ca Chris Chadder,
CFO416-867-1300info@canucresources.ca
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