This week Canuc Resources Corporation (CDA.V) (OTCQB:CNUCF) was one of the companies to have come into the news following a key announcement on July 11 and it could be a good idea to take a closer look. It is a junior resource company, which is primarily focused on its San Javier Silver-Gold Project located in Sonora State in Mexico.
Additionally, the company also produces cash flow from the natural gas produced at the MidTex Energy Project located in Central West Texas in the United States. Canuc Resources holds an interest in 8 producing natural gas well at the project and also has the right for acquiring more rights depending on field developments.
On July 11 the company announced that it had signed an agreement by way of which it acquired an additional claim at the San Javier Silver-Gold Project. The additional claim is contiguous with the claims that the company held and would encompass an area of as much as 96.5051 hectares in terms of prospective ground. The latest acquisition took the entirety of the contiguous claim held by the company to 1052.9 hectares. Canuc Resources also holds agreements for ownership of 100% of 28 contiguous claims at the project.