- Canuc Resources’ (CDA) wholly-owned subsidiary, Minera Canuc S. de R.L. de C.V., has signed a comprehensive agreement with the Ejido of San Javier
- The agreement will provide unrestricted exploration access for a 10-year period, with the right to renew for an additional 10 years
- The agreement also covers the company’s other 27 currently held claims and could potentially cover future claims Canuc will acquire in the San Javier region
- Shares of Canuc Resources (CDA) are unchanged at $0.065
Canuc (CDA) subsidiary Minera Canuc has signed an agreement with the Ejido of San Javier.
The agreement will allow for unrestricted exploration access for a 10-year period with the option to renew for an additional 10 years.
Canuc said that the agreement covers its 27 currently held claims and could potentially cover any future claims the company might acquire in the San Javier region.
“This agreement allows us to conduct unrestricted exploration, over an extended time, as we pursue the prospect of a significant silver IOCG discovery in the heart of the San Javier mining camp,” stated Christopher Berlet, President and CEO of Canuc Resources.
The agreement, which was requested by the Ejido of San Javier, will allow Ejido to restrict access from the artisanal miners who have come to the region but aren’t from there. As such, the Ejido of San Javier will have support from Canuc to control property access permissions on the company’s claims.
“The Ejido leadership at San Javier approached us seeking assistance to implement controls against disruptive artisanal mining activities taking place locally. To this end, we have been able to work together for mutual benefit and have deepened our community relationships in the process. This is consistent with our objectives of uncovering significant mineral wealth and catalyzing regional development benefits in the San Javier area,” Berlet added.
Headquartered out of Toronto, Ontario, Canuc Resources is a junior resource company focused on its San Javier Silver-Gold Project located in Sonora State, Mexico.
Shares of Canuc Resources (CDA) are unchanged at $0.065 as of 2:29 p.m. EST.