Canuc Drills 5 m of 10.02 g/t Au Near Surface in Gold Lens 1

Rhea-AI Summary

Canuc Resources (OTCQB: CNUCF) reported results from the first three diamond drill holes testing Gold Lens 1 at its 100% owned East Sudbury Project on December 1, 2025. The program targets a near-surface, Fe-chlorite hosted gold zone that outcrops beside the past-producing North Pit Gold Mine.

Key results: SM-25-120 returned 10.0 m @ 5.11 g/t Au (14.5–24.5 m), including 5.0 m @ 10.02 g/t Au and 1.0 m @ 40.9 g/t Au. True width at this location is estimated at ~90%. Holes SM-25-118 and SM-25-119 did not intersect the main zone.

The company plans a maiden resource estimate for Gold Lens 1 and further exploration across the ~80 m strike where widths of 3–5 m have been observed.

Positive

• SM-25-120: 10.0 m @ 5.11 g/t Au
• 5.0 m @ 10.02 g/t Au within main interval
• 1.0 m @ 40.9 g/t Au high-grade core
• Mineralization begins at surface; true width ~90%
• Company intends to calculate a maiden resource for Gold Lens 1

Negative

• Two of three holes (SM-25-118, SM-25-119) missed the main zone
• Observed strike extent is limited to ~80 m with narrow widths of 3–5 m
• Fault in SM-25-118 appears to cut off the zone at that location

Toronto, Ontario--(Newsfile Corp. - December 1, 2025) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) (WKN: A14ZX4) ("Canuc" or the "Company") is pleased to announce results for the first 3 holes of a diamond core drilling program testing Gold Lens 1 on the Company's 100% owned East Sudbury Project (ESP).

Gold Lens 1 is located directly beside the past producing North Pit Gold Mine which is the northern most of several past producing gold mines found within the Company's East Sudbury Project (ESP) area. Gold Lens 1 is estimated to have some 147 historical drill holes including the previously identified (Hole # SM-19-001) (Company press release October 30^th, 2025).

The objective of this drill program is to define the outside boundaries of Gold Lens 1, and to provide confidence in the continuity of areas within the zone where infill drilling is required. Gold Lens 1 begins on surface and dips at approximately 45 degrees plunging more steeply towards the northeast. This zone is identified over a strike length of 80 meters on surface and is seen to have widths ranging from 3 - 5 m.

This drilling is being undertaken with the objective of estimating a 'maiden' resource for this discrete, relatively high-grade, gold bearing Fe-Chlorite zone which daylights on surface in the west end of the North Pit Gold Mine. The Company now refers to this structure as Gold Lens 1.

The first 2 holes were designed to define the northern edge of the zone. Hole SM-25-118 encountered a fault that appears to cut off the zone in that location. Hole SM-25-119 intersected an upper mineralized zone containing low gold values and passed beyond the north boundary of the main zone at depth. The third hole intersected the main zone from 14.5 to 24.5 m assaying 5.11 g/t Au over this 10 m interval. The lower 5.0 m of this zone assayed 10. 02 g/t Au including a 1 m interval assaying 40.9 g/t Au. The true width is estimated to be 90% of the intersected width in this location.

Table 1.

Drill Hole Id.	Easting	Northing	Elevation	Azimuth	Dip	Depth	From  (m)	To  (m)	Width  (m)	Au  (g/t)
SM-25-118	529179	5166724	307	330	-75	48	Intersected a Fault Zone
SM-25-119	529151	5166725	306	325	-46	51	Outside of Main Zone
SM-25-120	529131	5166706	305	307	-60	51	14.5	24.5	10.0	5.11
(Incl)							19.5	24.5	5.0	10.02
(Incl)							22.5	23.5	1.0	40.90

 

"These results are confirming continuity for Gold Lens 1, a relatively high-grade, discrete gold bearing geological structure found in place near to the old mine workings of the past producing North Pit Gold Mine on Canuc's 100% owned East Sudbury Project (ESP)," stated Christopher Berlet, President & CEO of Canuc Resources Corp.

"Our next objective will be to calculate a resource for this Gold Lens 1, which will lead to evaluating an extractive opportunity. We believe there remain multiple additional gold lenses across the property that will be identified proximal to the trend of historical gold mine workings. We also believe there is high prospectivity for uncovering a larger source model that will transform our appreciation for the potential metal endowment of the area. These high-grade drill results represent early confirmation for our updated geological models."

Canuc's updated website and PowerPoint can be found at: www.canucresources.ca.

The technical information in this release has been reviewed and approved by Seymour Sears, B.A., B.Sc., P.Geo, a non-independent qualified person as defined by NI 43-101, who is currently managing exploration activity on the ESP Project.

About Canuc Resources Corporation

Canuc Resources Corporation is a junior resource company developing its 100% interest in the East Sudbury Project ("ESP") which spans 19,710 hectares and is centered approximately 20 kilometers northeast of the Prolific Sudbury Mining Camp and near to the extensive infrastructure of the adjacent Sudbury Mining District. ESP encompasses several centers of critical and precious metal mineralization interpreted to be related to a mineral system that can form IOCG and affiliated critical and precious mineral deposits. Included within the Project is the historical Scadding Gold Mine and associated Scadding Gold Tailings Project.

Canuc also holds a 100% interest in the San Javier Silver-Gold Project located in Sonora State, Mexico. The San Javier Silver-Gold Project spans 28 claims covering 1,052 hectares and evidences extensive silver, gold and copper mineralization interpreted to be related to a mineral system that can form silver-dominant IOCG and affiliated deposits.

Canuc generates cash flow from natural gas production at its MidTex Energy Project located in Central West Texas, USA where Canuc has an interest in eight (8) producing natural gas wells and has rights for further in field developments. The Company also receives a 4% Net Smelter Royalty from gold production at the Scadding Gold Tailings Project located on Mining Claim LEA 107735 within the ESP property group.

For further information, please refer to the Company website: www.canucresources.ca.

Christopher J. Berlet B.A.Sc. (Mining), CFA, CEO & Director of Canuc, is responsible for the content of this press release.

For further information, please contact:

Canuc Resources Corporation
(416) 525 - 6869
cberlet@canucresources.ca

Forward-Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.

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 information. The forward-looking information is based on current expectations and applies 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 information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276372

FAQ

What assay results did Canuc report for Gold Lens 1 at East Sudbury (CNUCF) on December 1, 2025?

Canuc reported SM-25-120: 10.0 m @ 5.11 g/t Au (14.5–24.5 m), including 5.0 m @ 10.02 g/t Au and 1.0 m @ 40.9 g/t Au.

Does the SM-25-120 intercept at East Sudbury represent true width for Gold Lens 1 (CNUCF)?

Yes; the company estimates the true width at this location is approximately 90% of the reported intersected width.

What are Canuc's next steps for Gold Lens 1 after the December 1, 2025 drill results (CNUCF)?

Canuc plans to calculate a maiden resource for Gold Lens 1 and continue exploration to define continuity and additional lenses across the property.

How extensive is Gold Lens 1 at Canuc's East Sudbury Project (CNUCF)?

The zone is identified over a strike length of about 80 m on surface with observed widths of 3–5 m.

Did any drill holes fail to intersect the main gold zone in Canuc's December 2025 program (CNUCF)?

Yes; SM-25-118 encountered a fault that appears to cut off the zone and SM-25-119 passed outside the main zone.

What is the geological style of Gold Lens 1 at East Sudbury reported by Canuc (CNUCF)?

Canuc describes Gold Lens 1 as a near-surface, relatively high-grade, Fe-chlorite hosted gold-bearing zone that daylights near old North Pit workings.