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The latest update is out from Canuc Resources ( (TSE:CDA) ).
Canuc Resources Corporation announced promising results from its diamond core drilling program at Gold Lens 1, part of its East Sudbury Project. The drilling aims to define the boundaries of Gold Lens 1, a high-grade gold-bearing zone, and establish a maiden resource estimate. The results include a notable intersection of 5 meters at 10.02 g/t Au, indicating continuity and potential for further exploration. This development could enhance Canuc’s resource base and position in the mining industry, potentially leading to new extractive opportunities and further exploration of additional gold lenses in the area.
More about Canuc Resources
Canuc Resources Corporation is a junior resource company with a 100% interest in the East Sudbury Project (ESP) in Ontario, Canada, and the San Javier Silver-Gold Project in Sonora State, Mexico. The ESP spans 19,710 hectares and is near the Sudbury Mining Camp, focusing on critical and precious metal mineralization. The San Javier Project covers 1,052 hectares and includes silver, gold, and copper mineralization. Canuc also generates cash flow from natural gas production at its MidTex operations.
Average Trading Volume: 161,640
Technical Sentiment Signal: Buy
Current Market Cap: C$23.92M
For a thorough assessment of CDA stock, go to TipRanks’ Stock Analysis page.