Canuc Drills 1.0 m of 32.1 g/t Au Within an 11.5 m Interval of 3.18 g/t Au near Surface in Gold Lens 1

The most recent news (March 18, 2026) reports final assay results from a 15-hole diamond drilling program at "Gold Lens 1" within the East Sudbury Project (ESP). Key highlights include hole SM-25-132, which returned 11.5 m of 3.18 g/t Au, including a high-grade sub-interval of 1.0 m at 32.1 g/t Au. The drilling confirms the continuity of a discrete, high-grade gold structure starting from the surface, located 120m north of the past-producing Scadding Gold Mine. The zone remains open down plunge.

The impact is Routine - Positive. While the grades are high (up to 32.1 g/t Au), these results are incremental follow-ups to the program initiated in late 2025. - Resource Definition: The data is being used to refine a block model for a maiden Mineral Resource Estimate (MRE). This is a necessary step for the company’s stated goal of transitioning into a gold producer. - Continuity: Confirming an 80m strike length and 3-5m widths provides the geological confidence required to move toward an extractive permit. - Context: This follows a series of corporate maneuvers, including a 1:10 share consolidation in February 2026 and the acquisition of MacDonald Mines in May 2025, which consolidated the land package. The results validate the acquisition's primary target but do not yet represent a "new" discovery of a massive scale.

Canuc Resources is a multi-asset explorer focused on the East Sudbury Project (ESP) in Ontario. The project was significantly expanded via the acquisition of MacDonald Mines (May 2025). The flagship target is the past-producing Scadding Gold Mine, where the company is targeting "Gold Lenses" (high-grade pockets) and potential large-scale Iron Oxide Copper-Gold (IOCG) deposits. The company also holds the San Javier Silver-Gold project in Mexico and generates modest cash flow from natural gas wells in Texas.