Canuc begins gravity gradiometric survey at ESP

Executive Summary

• Canuc Resources Corp. has initiated a gravity gradiometric survey on its 100%-owned East Sudbury Project (ESP) in Ontario, Canada, conducted by Bell Geospace Ltd. using proprietary full tensor gradiometer (FTG) technology.
• The survey aims to map density contrasts and structural features beneath surface cover to identify geophysical anomalies associated with large-scale IOCG and MIAC deposit types, specifically targeting iron associations linked to historical gold and copper mineralization.
• Results from the gravity survey, combined with a concurrent Natural Resources Canada (NRCan) seismic survey and AI-driven data integration, are expected to generate actionable exploration targets for follow-up drilling scheduled for early summer 2026.

Key Details

• Survey Initiator: Bell Geospace Ltd. (Bell Geo), utilizing a Basler BT-67 utility aircraft and proprietary full tensor gradiometer (FTG) technology.
• Project Location: East Sudbury Project (ESP), spanning approximately 200 square kilometres (19,710 hectares), located ~20 km east of Sudbury, Ontario.
• Survey Scope: Bell Geo will acquire FTG and magnetic data across the entire property.
• Technical Objectives:
  • Refine geological interpretation of the McLaren Lake fault zone (MLFZ) and subparallel structures.
  • Identify geophysical anomalies associated with density contrasts and large-scale mineralization.
  • Apply advanced processing and interpretation techniques, including proprietary full tensor migration technology, to isolate geological signals mapping structural and fault complexities.
• Geological Context:
  • Iron associations evidenced with gold and copper mineralization indicate potential for larger-scale IOCG (Iron Oxide Copper Gold) and MIAC (Metasomatic Iron Alkali-Calcic) deposit types.
  • Iron assemblages provide strong gravity contrast with lighter host rock environments.
  • Historical context includes the Scadding gold and copper mines.
• Concurrent Activities:
  • Seismic Survey: Natural Resources Canada (NRCan) is scheduled to conduct a seismic survey in early March 2026.
  • Seismic Focus: Imaging fluid pathways (faults, fractures, alteration zones) along the MLFZ to uncover structural controls guiding mineralization.
  • Methodology: Combining surface seismic surveys with fibre optic sensing in boreholes designed to intersect key alteration zones.
• Data Integration & AI:
  • Canuc plans to integrate FTG data, magnetic data, historical mining records, existing drill data, and NRCan seismic data.
  • Artificial Intelligence (AI) and machine learning techniques will be applied to analyze datasets holistically to improve the accuracy and confidence of drill targeting.
• Future Plans:
  • The objective is large-scale source deposit discovery.
  • The survey aims to generate actionable exploration targets for follow-up drilling prospectively scheduled for early summer 2026.
• Technical Review: Information reviewed and approved by Seymour Sears, BA, BSc, PGeo, a non-independent qualified person under National Instrument 43-101.

Notable Quotes

• Scott Hammond, CEO of Bell Geospace: "Bell has previously acquired FTG data on neighbouring properties and the technique performs exceptionally well in this area... It maps the geology beautifully, even beneath overburden, and that was prior to the application of our latest processing and interpretation techniques, which should add even more detail."
• Chris Berlet, President and CEO of Canuc Resources: "Iron associations, which are evidenced with gold and copper mineralization across the company's East Sudbury project (ESP), indicate the potential for larger-scale IOCG and MIAC deposit type sources... Our objective is large-scale source deposit discovery and the Bell Geospace survey is being undertaken with a view to generating actionable exploration targets for follow-up drilling now prospectively scheduled for early summer 2026."