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TORONTO, Feb. 3 /CNW/ - Canuc Resources Corporation ("Canuc" or the
"Company") is pleased to announce that the Ecuadorian Government
continues to show its commitment to the mining industry. The government
will be re-locating the newly appointed Vice Minister of Non-Renewable
Natural Resources, Ing. Federico Auquilla, to a new office complex in
Zamora Ecuador; located about 8 kilometres from Nambija, where Canuc's
mining operations are located. Ing. Auquilla is well known in the
Mining Sector and is most supportive of the mining industry. Ing.
Auquilla will be accompanied by approximately 200 support staff.
On January 25th, 2011, two representatives of Canuc, Mr. G. Lohman, President and CEO
and Mr. J. Guzman, General Manager, Ecuador, met with Dr. Jorge Eduardo
Calvas, the Sub-Secretary of Mines, Zone 7 south, to discuss numerous
topics including the upcoming move and were most favourably impressed
by the government's proactive approach particularly as it relates to
the previously announced decision to begin a programme of environmental
remediation in and around the village of Nambija. This program will
involve soil stabilization in areas that are prone to mudslides and the
sealing of entrances to some of the more dangerous underground
workings. Mr. Lohman states that "having the department and
knowledgeable officials readily accessible to work with the company is
a very positive step and we look forward to a continued dialogue with
the government as the Nambija project develops".
Located in the south-eastern portion of the country, the town of Zamora
is the hub which services many companies including Kinross Gold
Corporation, Corriente Resources Inc., and the Company.
President Correa is scheduled to officially open the new ministry
facility on February 15, 2011.
Canuc is a junior mining exploration company with its principal
properties located in Ecuador and Nova Scotia. Canuc's main holding
today 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.
SOURCE Canuc Resources Corporation
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