Canuc Announces Strategic Title Acquisition and Breccia Targets

http://canucresources.ca/wp-content/uploads/2017/10/28-Oct-24-CDA-Announces-Title-Acquisition.pdf

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) is pleased to
announce that the Company has entered into a definitive agreement (the “Agreement”) to acquire title to a mining concession which has an area of 151.1443 hectares (the “Concession”) from Minerales y Carbones de México S.A. de C.V. (“Carbones”).
The Agreement calls for Carbones to transfer title to the Concession for total consideration of US$100,000 (the “Purchase Price”). The Purchase Price will be satisfied by delivery of 150,000 common shares of Canuc and USD$50,000 in cash. Canuc has received conditional approval for the issuance of its shares and the Expedited Acquisition of title to the Concession, subject to receipt of all required TSX-V filings.
The newly acquired mining concession envelops existing land holdings to the northeast. Early exploration has determined that silver-gold mineralization strengthens to the northeast. There is a distinct possibility that silver bearing breccia and stockwork zones will be confirmed along this trend as exploration progresses. The confirmation of silver-gold bearing breccia zones, uncovered on surface, would mark a change in prospects for a significant mineral discovery at San Javier.

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