Northwire Canada EditionTuesday, August 18, 2026
Northwire
PPX 0.220 +0.0% SKEL 0.135 +0.0% MMET 0.580 +1.8% PMX 0.130 +0.0% PHNM 0.465 +0.0% CDA 0.880 +0.0% GR 0.070 +0.0% LMS 0.250 +0.0% GOT 1.66 −2.9% ARK 1.24 −22.5% CGD 0.840 +0.0% TMET 0.155 +55.0% MTT 0.155 +0.0% VCT 0.070 +0.0% RYR 0.190 +0.0% TIGR 0.800 +2.6% PPX 0.220 +0.0% SKEL 0.135 +0.0% MMET 0.580 +1.8% PMX 0.130 +0.0% PHNM 0.465 +0.0% CDA 0.880 +0.0% GR 0.070 +0.0% LMS 0.250 +0.0% GOT 1.66 −2.9% ARK 1.24 −22.5% CGD 0.840 +0.0% TMET 0.155 +55.0% MTT 0.155 +0.0% VCT 0.070 +0.0% RYR 0.190 +0.0% TIGR 0.800 +2.6%
Drill Results Routine +

Canuc Launches Major Airborne Gravity Survey, Targeting Deep Discovery Potential at East Sudbury Project

Canuc plans a deep gravity survey to target IOCG systems at East Sudbury, extending exploration beyond historic shallow drilling.

Executive Summary

Canuc Resources Corporation has initiated a comprehensive airborne gravity gradiometer, magnetic, and LiDAR survey on its 100%-owned East Sudbury Project (ESP) in Ontario. The program covers approximately 2,000 line-kilometers across a roughly 200 square kilometer land package, with a focus on the McLaren Lake Fault and sub-parallel structures.

The survey aims to map deep geological structures and identify large-scale drill targets for IOCG-style deposits and gold systems at depth, specifically looking beyond the 150-meter depth limit of historical exploration. Data will be integrated with a seismic survey completed in July 2026 and historical geological data, utilizing AI-driven analysis to refine exploration targeting. The program is led by Bell Geospace and reviewed by a non-independent Qualified Person under NI 43-101.

Material Impact

Canuc Resources Corporation (CDA) announced a gravity survey, marking a logical progression of its geophysical exploration program following the completion of a seismic survey in July 2026.

The launch of the gravity survey aligns with previously communicated timelines and reflects the market’s prior pricing of the company’s shift toward deep IOCG targeting and advanced geophysics.

CDA · Price
Company Overview

Canuc Resources Corporation (CDA) is a junior exploration company focused on the East Sudbury Project (ESP) in Ontario, the San Javier silver-gold project in Mexico, and natural gas production in Texas.

The company’s flagship ESP spans approximately 19,710 hectares, located about 20 km northeast of the Sudbury Mining District. It encompasses four sub-parallel fault structures interpreted to host IOCG and MIAC (Metasomatic Iron Alkali-Calcic) deposits. The project includes historical high-grade gold and copper mines, such as the Scadding Gold Mine, and extensive historical drilling totaling approximately 45,000 meters, though this work was largely confined to shallow depths of less than 150 meters. Management is now pivoting toward deep exploration using advanced geophysics, including seismic, gravity, and AI technologies, to identify large-scale source deposits and feeder systems.

Read the original news release →

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