TSX-V: CDA WKN: A0M6U5

Transcription

1 TSX-V: CDA WKN: A0M6U5 Mill Village Gold Property, Nova Scotia MidTex Oil & Gas, Texas Cash flow Developing cash flow producing gas wells Texas, USA expansion of gas & oil wells Texas, USA Canuc-Nambija Property, Ecuador Mid term potential Long term potential develop Mill Village gold project Nova Scotia, Canada ownership of world class Nambija gold assets, Ecuador

2 Disclaimer This presentation contains certain forward-looking statements and forward-looking information under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as plan, expect, project, intend, believe, anticipate, estimate, and other similar words, or statements that certain events or conditions may or will" occur. Forward-looking information may include, but is not limited to, statements with respect to the future financial or operating performances of the Corporation, estimated future capital, operating and exploration expenditures, the future price of gold and copper, the realization of mineral reserve estimates, the costs and timing of future exploration, requirements for additional capital, government regulation of exploration, development and mining operations, environmental risks, reclamation and rehabilitation expenses, title disputes or claims, and limitations of insurance coverage. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of the Corporation and there is no assurance they will prove to be correct. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Unless otherwise stated, the information contained in this presentation is as of October 4,

3 Company Focus Strategy Minimize shareholder dilution by development of cash flow Cash flow In July 2011, Canuc Resources Corp. (TSX-V: CDA, WKN: A0M6U5) acquired MidTex Oil & Gas Corp. with producing oil and gas leases in Texas, USA. This was a means of providing the Company with immediate cash flow which could be used to develop the Company's primary assets and to protect the Company from shareholder dilution. November, 2012 (Today) Canuc Resources Corp. has two producing gas wells on the Coody Morales Lease, one producing gas well (Thompson 40) on the Thompson Lease and one producing gas well on the Walker Buckler lease. All three leases are located in West Texas, USA. These producing oil & gas wells are located within fields that can be drilled to expand production with further wells and increase cash flow. Developing cash flow Canuc Resources Corp. strives to create & protect shareholder value by developing producing oil & gas assets in Texas, USA. Future wells are scheduled to be drilled in 2012 and Mid term potential Canuc Resources Corp. will develop the historic Mill Village gold mine in Nova Scotia, Canada. This asset has both high grade vein as well as bulk tonnage gold mining potential. 3

4 MidTex Oil & Gas TSX-V: CDA 4

5 MidTex Oil & Gas Low risk oil and gas leases acquired in West Texas, USA to provide immediate cash flow Coody Morales Lease (320 acres), 100% working interest acquired Sept Well #2 is currently producing (can support at least 4 additional wells) Thompson Lease (1,000 acres), 20% working interest acquired in Aug Well #1 commenced production in January 2012 (can support multiple further wells) Walker Buckler Lease (14,000 acres), 15% working interest acquired Aug.2012 Well # 1 commenced production in October 2012 (can support multiple further wells) Gas pipelines are present on all properties TSX-V: CDA 5

6 Mill Village Gold Mines 2 Past Producing High Grade gold mines Gold Eagle mine / Thompson gold mine Gold Eagle mine - shaft rehabilitated 2001 Safe jurisdiction Nova Scotia, Canada report completed Dec Historic high grade drill intersections up to g/t gold over 0.76 m. on the northeast flank of the Gold Eagle mine Both High Grade underground, and bulk tonnage open pit mining potential 31 claims (501.8 hectares) covers the land position of the 2 mines Company has acquired additional 75 claims (1,214.0 hectares) in the trend 6

7 Meguma Gold Potential 7

8 Nova Scotia Gold Deposits The Meguma Terrain is 6 to 9 miles wide Extensive exploration in the Meguma Terrain has historically been limited due to thick glacial till cover Disseminated gold, recently recognized peripheral to the veins, has added a new geological dimension to the Meguma Terrain mineralization There is a new focus on bulk tonnage gold deposit potential Atlantic Gold s Touquoy deposit, with reserves of 454,000 ounces, is targeted for production in 2014 NSGold and Acadian Mining have also outlined significant bulk tonnage deposits Canuc has accumulated a large ground position in the Meguma 8

9 Mill Village Gold Mine The Gold Eagle vein was developed ( ) The Thompson vein was developed in the mid-1940s In 1981, Card Lake Copper Mines drilled 21 holes and intersected very encouraging gold values work program included data verification, prospecting, mapping, geochemical surveys, Lidar, ground geophysics (I.P.) and environmental monitoring of streams Drilling scheduled for fall, 2012 Select Drill Results: Card Lake Copper 1981 Drill Hole Width (m) Grade (g/t) Au S-18 S-18 S-19 S-19 S-20 S-20 S

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12 Nambija Gold Belt The Nambija trend without exception has been and continues to be a very productive gold belt in Ecuador Production at Nambija dates back to the Colonial times when the Inca mined the mountain side A minimum of 3 million ounces of gold production since the 1980s (National Bank, Zamora) Rediscovered in the early 1980s, it was the last great gold rush in the Americas Old Spanish Workings, Nambija 12

13 Nambija Gold Belt 68.7 hectares, centrally located in the historic Nambija Au Belt. Canuc has acquired 86.6% ownership of Condominio Norte and 80% ownership of Condominio Sur Two deposit types are documented Au Skarn and Epithermal Au Work by Canuc ( ) focused on the eastern portion of the property. Work included 2,428m of drilling, structural mapping and the collection of over 1,200 rock chip samples. Results were positive however the project was been placed on care and maintenance due to safety issues at site Discussions are underway with an Ecuadorian Mining Group who intend to revitalize the Nambija camp including the rehabilitation and start-up of the adjacent Campanillas mill 13

14 Management and Directors Management Directors Hubert J. Mockler, Chairman Hubert Mockler is a Geologist and has 50+ years of domestic and international experience in the Mining and Oil & Gas sectors, including several years in the investment and finance industries. Gary Lohman, P.Geo, President & CEO Gary Lohman is a Geologist and has 25+ years experience in base and precious metals Mining & Exploration within the Americas. Chris Chadder, CA, CFO Chris Chadder is a Certified Accountant and has 20+ years experience in audit, accounting and working as a business advisor and senior officer to junior resource companies. Jorge Guzman, General Manager, Ecuador Jorge Guzman has 30+ years experience working as a Senior Mining Engineer. Has been involved in the Nambija area of Ecuador since Hubert J. Mockler, Chairman Gary Lohman, P.Geo, President & CEO Richard W. Brissenden, CA Richard Brissenden has 30+ years of experience in the Mining & Exploration sector with junior and senior companies in Toronto, Canada. Christopher J. Berlet, BSc (Mining), CFA Chris Berlet is a Mining Engineer and has 20+ years of experience in the Mining and Finance industries. John Lynch John Lynch is a successful entrepreneur and has experience with several public companies. John is currently a Director of SOHO Resources Corp. and was the founder of Hana Mining Ltd. 14

15 Capital Structure TSX-V: CDA WKN: A0M6U5 Capital Structure Share Price Common Shares Issued 62,535,798 Options and Warrants O/S 16,567,200 Fully Diluted 79,102,998 Market Capitalization $8.1 million Ownership with Insiders 35% Institutional Holders, Mining Co. Long Term Shareholders Cash Position Cash From Options and Warrants No Debt 30% $0.4 million $4.5 million Options and Warrants Exercise Price Number Outstanding Options $0.25-$ ,725,000 Warrants $0.25-$ ,842,200 15

16 Contact Us: Canuc Resources Corporation Suite 402, 121 Richmond Street Toronto, Ontario Canada M5H 2K1 Telephone: Fax: Web site: 16