Canuc Drills 9.2 m of 8.99 g/t Au and a Polymetallic Intercept at ESP
Canuc’s East Sudbury drilling confirms high-grade gold continuity, underscoring the need for near-term capital execution to address going concern flags.
Canuc Resources Corporation has released initial drill results from its East Sudbury Project in Ontario, targeting the Glade Area and historical workings of the Scadding Gold Mine along the Timmins Creek Fault Zone.
The company reported the following drill intercepts:
- Glade Zone 1 intersected 1.0 m at 11.4 g/t Au and 1.0 m at 10.3 g/t Au within quartz-carbonate veining in a sheared Nipissing Mafic sill.
- Glade Zone 2 returned a 7.9 m interval at 1.79 g/t Au, including 1.0 m at 6.18 g/t Au.
- Glade Zone 2 also returned a 23.0 m polymetallic interval grading 0.09% Cu, 0.08% Ni, and 0.05% Co with anomalous Pd.
- A separate 9.2 m interval at 8.99 g/t Au was intersected at Glade Zone 2, including 3.1 m at 24.85 g/t Au and 0.9 m at 60.10 g/t Au.
Canuc plans to deploy 25-meter spaced drill holes to define mineralized zones, supported by upcoming gravity and magnetic surveys to vector further exploration. Historical work in the 1930s outlined 38,100 tonnes at 12.34 g/t Au, though management notes this data is pre-NI 43-101 and is not treated as a current resource. The technical review was approved by Seymour Sears, P.Geo.
Canuc Resources Corporation (CDA) reports that the latest results are incremental to the ongoing ESP exploration program announced in late 2025 and early 2026. The findings confirm the continuity of high-grade gold structures and introduce a polymetallic suite consistent with the company’s MIAC/IOCG geological hypothesis.
The intercepts do not alter the company’s near-term capital requirements or production timeline. The market had already priced in the drilling program following the December 2025 flow-through financing and prior March 2026 drill results.
No new strategic partnerships, financing, or regulatory milestones are announced. The engagement of Verum Mining Consultants for resource calculation and conceptual mine planning, announced in May 2026, remains the primary next-step catalyst.
Canuc Resources Corporation is a junior mineral exploration company focused on the East Sudbury Project (ESP) in Ontario, the San Javier Silver-Gold Project in Sonora, Mexico, and the MidTex Energy Project in Texas. Its flagship ESP spans approximately 19,782 hectares, which the company 100% owns, and is located roughly 20 km northeast of the Sudbury Mining Camp. The project centers on the historic Scadding Gold Mine and targets high-grade gold lenses, specifically Gold Lens 1, 2, and 3, alongside IOCG/MIAC-style polymetallic deposits along the McLaren Lake Fault Zone.
The company is pursuing a dual-track exploration strategy. This approach includes near-term gold production from historic tailings and high-grade lenses, as well as large-scale source deposit discovery targeting IOCG systems across the claim group. Infrastructure at ESP includes an on-site office, warehouse, core logging facility, power access, maintained roads, and groundwater resources.