Canuc Resources Corporation Commences Exploration at Mill Village, Nova Scotia

TSX Venture Exchange
Symbol: CDA
Shares Outstanding: 59,735,798

TORONTO, Sept. 21, 2011 /CNW/ - Canuc Resources Corporation ("Canuc" or the "Company") (TSXV:CDA) is pleased to report that it has commenced work on its Mill Village property located approximately 13 kilometres north of Liverpool Nova Scotia. The property consists of 31 claims (496 hectares) covering the historic Gold Eagle Mine and numerous other gold occurrences associated with quartz veining within the Meguma structural terrain of the north-eastern Appalachians.

In July, 2011, the Company engaged Hudgtec Consulting Limited of Dartmouth, Nova Scotia to commence the first phase of exploration on the property. Due to extensive glacial till cover, initial efforts have included the GIS compilation and re-interpretation of historic grid survey data which included VLF-EM, Magnetics and B-Horizon soils. In conjunction with the data compilation, an MMI (Mobil Metal Ion) orientation survey was conducted over the Gold Eagle vein system area. In total, 91 samples, were submitted to SGS Mineral Services for analysis. To verify the presence of gold in the Gold Eagle dispersion train, 23 samples were collected with a soil auger and submitted to the Minerals Engineering Centre at Dalhousie University. Results from both surveys will be released when the data has been received and interpreted.

Preliminary results from the GIS compilation have provided a better definition of the stratigraphy and structural environment beneath the extensive till cover. Gold in dispersion trains appears associated with the known Gold Eagle, Thompson and Goddard occurrences while a 4th dispersion train appears to have been located from the compilation effort in the northwest portion of the property. Quartz float, indicative of underlying vein mineralization, is also widespread on the property with over 400 locations identified and compiled to date.

The work also highlighted elevated magnetics and more conductive horizons at the northern end of property which may indicate greater thicknesses of pelitic rocks which are highly prospective for bulk tonnage gold deposits such as Atlantic Gold's Touquoy deposit located north of Halifax.

Work continues on the property and includes the digitization of the historic drill data, prospecting, and mapping. Local geochemistry and geophysical surveys may also be conducted in order to better define drill targets.

Mr. Bruce Hudgins, P. Geo is the designated Qualified Person pursuant to National Instrument 43-101 of the Canadian Securities Administrators for this press release and has reviewed and approved the technical and scientific disclosure contained herein.

About Canuc

Canuc is a junior mining exploration company with its principal properties located in Ecuador and Nova Scotia.  Canuc's main holding is an approximate 85% interest in the Nambija Gold deposit located in south-eastern Ecuador.  According to records obtained from the Central Bank of Ecuador, it is estimated that, to date, nearly 3 million ounces of gold have been produced using the most primitive of mining and milling recovery processes from the Nambija area.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

Forward-Looking Statements

This news release contains forward-looking statements that include risks and uncertainties. When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking statements. The forward-looking statements are based on current expectations and apply only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking statements include changes in the prevailing price of gold, the Canadian-United States exchange rate, grade of ore mined and unforeseen difficulties in mining operations that could affect revenues and production costs. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in Annual Reports. 

SOURCE Canuc Resources Corporation

For further information:

Gary Lohman, President & CEO     Hubert Mockler, Executive Vice Chairman
416-867-1300       416-867-1300
glohman@canucresources.ca    hmockler@canucresources.ca

 

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Canuc Resources Corporation

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