Canuc Resources has agreed to acquire additional claims at the San Javier Silver-Gold Project in Sonora, Mexico, from an undisclosed company.
The additional claims, which cover a total prospective ground of 96.5051 hectares (ha), are contiguous with Canuc’s existing claims.
With the new claims, the company’s total contiguous claim is increased to 1,052.9ha.
Canuc said it now has agreements for a 100% stake in 28 contiguous claims in the heart of the San Javier Silver-Gold mining camp.
Canuc Resources president and CEO Christopher Berlet said the recently purchased claim provides the company with comprehensive coverage of an area surrounding the largest magnetic-high anomaly that was identified during the company’s magnetic survey of 2021.
Berlet said: “This principal magnetic-high anomaly, measuring 800m x 400m, is manifest approximately 300m west of where magnetite silver veining comes to surface and where old artisanal mine workings were tunnelled on magnetite veins, which sampled high to bonanza grades of silver.
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“The magnetic-high anomaly also has dimensions similar to, and is coincident with, an area previously reported where the company sampled elevated silver in soils extending for over 800m of strike length and detected over a width of approximately 400m. This area, and the associated magnetic-high anomaly, represents the company’s primary target for the discovery of silver IOCG deposition at San Javier.”
Canuc ’s San Javier silver-gold project comprises 24 contiguous mineral claims near San Javier, Sonora.
Canuc said that its principal claims at the San Javier project surround old workings of high-grade silver and gold mines.