Screen Metallic Assays return Significantly higher values at Nambija

TSX Venture Exchange

Symbol: CDA

Shares Outstanding: 43,004,598

TORONTO, Aug. 19 /CNW/ - Canuc Resources Corporation ("Canuc" or the "Company") TSXV: CDA is pleased to report on the check sampling program conducted on select drill core pulps, rejects and bulk samples. In total, 75 samples were submitted to ACME Analytical Laboratories in Cuenca Ecuador for preparation and shipping to Vancouver British Columbia for final analysis.

Various analyses were conducted on the pulps and rejects from drill hole N10 - 002 and include a repeat of the 30 gram fire assay, a 50 gram fire assay and a screen metallic fire assay, the latter analysis conducted due to the presence of visible gold proximal to the drill collar locations.

Of the 3 analyses conducted, the screen metallic fire assay is of significant interest since this type of analysis is designed to specifically deal with the presence of visible gold in the sample medium.

In order to compare the results from standard fire assay with those obtained from a screened metallic analysis, the reject material for select samples in drill hole N10 - 002 were submitted to ACME Analytical Laboratories and the results are shown below:

    
    -------------------------------------------------------------------------
    Sample No.  Sample   Previous  Original   Screen   Difference  Difference
                 Type     Number     Assay   Metallic
                                               Assay
    -------------------------------------------------------------------------
                                   Gold g/t  Gold g/t    Gold g/t       %
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    249127    Reject*   249384     2.955      3.66       0.705      23.86
    -------------------------------------------------------------------------
    249128    Reject      249387     0.633      0.64       0.007       1.10
    -------------------------------------------------------------------------
    249129    Reject      249388     3.062      4.85       1.788      58.39
    -------------------------------------------------------------------------
                                             (less than)
    249130    Blank       249130                0.01
    -------------------------------------------------------------------------
    249131    Reject      249389     3.220      4.64       1.420      44.10
    -------------------------------------------------------------------------
    249132    Reject      249390     2.168      3.84       1.672      77.12
    -------------------------------------------------------------------------
    249133    Reject      249394     0.209      0.17      -0.039     -18.66
    -------------------------------------------------------------------------
    249134    Duplicate   249384     2.955      4.21       1.255      42.50
    -------------------------------------------------------------------------
    249135    Reject      249395     0.373      0.51       0.137      36.73
    -------------------------------------------------------------------------
    249136    Reject      249381      1.45      2.68       1.230      84.83
    -------------------------------------------------------------------------
    249137    Reject      249382     0.740      0.73       -0.01      -1.35
    -------------------------------------------------------------------------
    249138    Other       249226     0.495      1.04       0.545     110.10
    -------------------------------------------------------------------------
    249139    Reject      249383     2.735      2.93       0.195       7.13
    -------------------------------------------------------------------------

    Note: * Coarse assay rejects consist of the material that remains after
    the laboratory prepares the initial sample for analysis. This material is
    generally stored by the laboratory in the event it is required for
    subsequent analysis.
    

In the results above, 9 of 11 samples showed an increase in Au content and taking all samples into account, there was an average increase in Au values of 39%. As a result, the metallic screen process will be utilized going forward. In addition, select samples from the drill program are being selected for re-assay.

In regards to the 30 and 50 gram Fire Assay values, the results utilizing different sample sizes was inconclusive and further work is ongoing.

In addition to the above analysis, 2 small bulk samples (A & B), both weighing approximately 25 Kg, were collected from the Audaces pit in order to check that the splitting of the samples is producing a representative sample. The material was submitted to ACME for crushing (80% through a 10 mesh screen) then returned to CDA for further homogenization. After mixing, the material was coned and quartered with 16 samples from each batch submitted for assay by the screen metallic process.

In bulk sample "A", the results ranged in value from 0.84 g/t gold to 1.37 g/t gold.

Bulk sample "B" was a higher grade sample collected from the pit near the drill collar of holes N10 - 002 and N10 - 004. These results are shown in the table below. With a range in values from 14.94 to 24.37 g/t gold, it is clear that the material contains nugget gold and a proper split of the material could be challenging. The team is in the process of designing a program that will address this issue. This will be done in conjunction with a consulting geochemist.

    
    -------------------------------------------------------------------------
    Sample Number               Sample Type            Screen Metallic Assay
    -------------------------------------------------------------------------
                                                              Gold g/t
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
        249158                  Crushed rock                    15.81
    -------------------------------------------------------------------------
        249159                  Crushed rock                    19.15
    -------------------------------------------------------------------------
        249160                  Crushed rock                    17.31
    -------------------------------------------------------------------------
        249161                  Crushed rock                    16.40
    -------------------------------------------------------------------------
        249162                  Crushed rock                    21.28
    -------------------------------------------------------------------------
        249163                  Crushed rock                    18.66
    -------------------------------------------------------------------------
        249164                      Blank
    -------------------------------------------------------------------------
        249165                  Crushed rock                    18.26
    -------------------------------------------------------------------------
        249166                  Crushed rock                    24.37
    -------------------------------------------------------------------------
        249167                 Standard PM 405
    -------------------------------------------------------------------------
        249168                  Crushed rock                    20.75
    -------------------------------------------------------------------------
        249169                  Crushed rock                    19.02
    -------------------------------------------------------------------------
        249170                  Crushed rock                    15.77
    -------------------------------------------------------------------------
        249171                  Crushed rock                    21.01
    -------------------------------------------------------------------------
        249172                  Crushed rock                    14.94
    -------------------------------------------------------------------------
        249173                  Crushed rock                    21.04
    -------------------------------------------------------------------------
        249174                  Crushed rock                    18.30
    -------------------------------------------------------------------------
        249175                  Crushed rock                    16.59
    -------------------------------------------------------------------------
    

The exploration program at Nambija is being carried out under the supervision of Gary Lohman, P. Geo., a Qualified Person as defined under the terms of National Instrument 43-101, and he has reviewed and approved the contents of this press release.

About Canuc

Canuc is a junior mining exploration company with its principal properties located in Ecuador. Canuc's main holding today is an approximate 85% interest in the Nambija Gold Mine 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.

SOURCE Canuc Resources Corporation

For further information: For further information: Hub Mockler, President & CEO, 416-867-1300, hmockler@canucresources.com; Ken Murton, Chairman, 416-920-2748, kmurton@canuc-resources.com; Investor Cubed Inc.: Neil Simon, Telephone: (647) 258-3310, (888) 258-3323, Fax: (416) 363-7977, E-mail: nsimon@investor3.ca

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