Canuc begins diamond core drilling at East Sudbury

Executive Summary

• Canuc Resources Corp. has commenced a diamond core drilling program at its 100%-owned East Sudbury Project (ESP), specifically targeting "Gold Lens 1" adjacent to the historical North Pit gold mine.
• The primary objective of this infill drilling is to generate sufficient data to calculate a maiden mineral resource estimate for Gold Lens 1, which is a prerequisite for formulating a mine plan and seeking extractive permits.
• Historical data indicates a well-defined mineralized zone with high-grade intersections, including a peak of 735.51 g/t Au over 0.96 m and a best reported intersection of 36.27 g/t Au over 12.27 m.

Key Details

• Drilling Program: Diamond core drilling initiated at the East Sudbury Project (ESP).
• Target Zone: Gold Lens 1, located beside and beneath the past-producing North Pit gold mine.
• Zone Characteristics: A series of high-grade lenses within a broad zone of lower-grade material measuring 80m x 3m x 100m, dipping northeast at an estimated 60 degrees.
• Historical Context: The zone has been intersected by at least 46 drill holes from previous campaigns (Trueclaim Exploration 2009-2011, Northern Sphere Mining 2017, MacDonald Mines Exploration 2019-2025). Approximately 32,685 metres of drill core is stored at the Scadding gold mine site.
• Historical Assay Data:
  • Highest reported intersection: 735.51 g/t Au over 0.96 m (Hole SM-20-026).
  • Best reported intersection: 36.27 g/t Au over 12.27 m (Hole No. SM-19-001).
  • Range of assays: Less than 1 g/t to highs of 735.51 g/t.
• Current Plan: A minimum of 15 drill holes are planned for this phase to provide infill data in areas not previously tested.
• Future Plans: Two additional near-surface zones of gold mineralization are recognized near Zone 1 and will be tested after the current program concludes.
• Strategic Goal: To calculate a maiden mineral resource estimate for Gold Lens 1 to facilitate mine planning and permit applications.
• Technical Approval: Information reviewed and approved by Seymour Sears, BA, BSc, PGeo, a non-independent qualified person under NI 43-101.

Notable Quotes

• "This drilling program is designed to provide infill data around two closely related gold zones which have previously been identified and confirmed beside the historical North Pit gold mine workings. The infill data we seek with this drill program is expected to be sufficient for us to calculate a maiden mineral resource estimate for what we are now labelling as gold lens 1." — Christopher Berlet, President and CEO
• "Calculating a maiden mineral resource estimate for gold lens 1 is a required first step in formulating a mine plan and seeking extractive permits. Our objective with this work is ultimately to confirm that several profitable, high-grade, gold mining opportunities, gold lenses, are still present today and in place near to the historical gold mine workings which are found at various locations across the company's East Sudbury project (ESP)." — Christopher Berlet, President and CEO