Underground sampling intersects 18.0 g/t gold at Nambija

TORONTO, May 3 /CNW/ -- 
TSX Venture Exchange
Symbol: CDA
Shares Outstanding: 54,672,598


TORONTO, May 3 /CNW/ - Canuc Resources Corporation ("Canuc" or the
 "Company") is pleased to announce additional results in connection with
 its current underground channel sampling program at the Company's 85%
 owned Nambija gold project in southeast Ecuador. Sampling is currently
 confined to accessible drifts in order to increase our geological
 knowledge and better define the boundaries of the known mineralization.
 To date, approximately 1,200 samples have been collected along the
 eastern El Tierrero structure which has been defined on the property
 for a length of 450 metres and a minimum width of 50 metres. Samples
 are being collected from accessible drifts at various elevations along
 the structure in order to better define the 3 dimensional
 characteristics of the mineralization. The samples are generally 1
 meter in length and are collected from both walls and the back
 (ceiling). Higher grade gold values continue to be intersected in the
 upper portion of the El Tierrero structure.


Sample series UG0983 thru UG1040 were collected from one drift and
 associated crosscuts located in the central portion of El Tierrero. The
 main portal is located approximately 50 meters northwest of the Los
 Audaces pit and includes a series of workings extending approximately
 100 meters east into the El Tierrero structure. These workings crudely
 sample an area of 100 by 40 meters and contain 3 open galleries where
 previous mining has occurred.


Of the 54 samples collected, 24 returned gold values of greater than 1.0
 grams per tonne; the highest value obtained was 18.0 grams per tonne
 and was collected from the south wall of one of the large open
 galleries. The average gold value for the complete sample set was 2.2
 grams per tonne gold. Both silver and copper values were of a
 background nature and are typical of the upper levels of this portion
 of El Tierrero where gold bearing skarns dominate the lithology. These
 results are similar to those returned in drill holes N10 - 002 and N10
 - 004 as reported in news releases dated July 7(th) and August 4(th), 2010 which intersected similar values in the upper 20 meters of their
 respective drill holes.


Gold results obtained in the channel sampling program are elevated and
 more widespread as compared to those returned from the drill program. 
 Specifically in the case of this sample series, these samples were
 taken from workings that are located vertically above a set of
 historical workings which had similar results.


Selected results from the channel sampling series are presented in Table
 1 as follows:


Table 1


 ______________________________________
|Sample #|Width (m.)|Gold grams / tonne|
|________|__________|__________________|
|        |          |                  |
|________|__________|__________________|
| UG0994 |     1.0  |              5.40|
|________|__________|__________________|
| UG0995 |     1.0  |              4.23|
|________|__________|__________________|
| UG0996 |     1.0  |              9.40|
|________|__________|__________________|
| UG0997 |     1.0  |             10.20|
|________|__________|__________________|
| UG0998 |     1.0  |              6.35|
|________|__________|__________________|
| UG0999 |     1.0  |              3.11|
|________|__________|__________________|
| UG1000 |     1.0  |              3.49|
|________|__________|__________________|
| UG1001 |     1.0  |              3.37|
|________|__________|__________________|
| UG1002 |     1.0  |              2.61|
|________|__________|__________________|
| UG1003 |     1.0  |             18.00|
|________|__________|__________________|
| UG1004 |     1.0  |              3.36|
|________|__________|__________________|
| UG1006 |     1.0  |              2.79|
|________|__________|__________________|
| UG1007 |     1.0  |              3.54|
|________|__________|__________________|
| UG1008 |     1.0  |              4.62|
|________|__________|__________________|
| UG1009 |     1.0  |              3.24|
|________|__________|__________________|
| UG1010 |     1.0  |              2.87|
|________|__________|__________________|
| UG1011 |     1.0  |              1.68|
|________|__________|__________________|




Note: Sample UG1005 was a quality control pulp.


Significance:


The recent assay data confirms the continuance of the higher grade gold
 bearing skarn mineralization at El Tierrero.  As noted at both surface
 and in drill holes along El Tierrero, the gold bearing mineralization
 gradually dips to the north and contains only background copper and
 silver values. As one drops vertically through the system, the copper
 and silver becomes more widespread.


All samples are submitted to Acme Analytical Laboratories Limited
 ('Acme") in Cuenca Ecuador for preparation with final analysis being
 conducted at Acme's facilities in Vancouver British Columbia. Gold was
 analyzed by using a standard 30 gram fire assay with a gravimetric
 finish. Copper analysis was done by ICP- emission spectrometry. A sub
 sample was also analyzed by the 36 element ICP method to provide a
 broader range of geochemical information for analysis.


Mr. Gary Lohman, P. Geo. is the designated Qualified Person pursuant to
 National Instrument 43-101 of the Canadian Securities Administrators
 for this press release and has reviewed and approved the technical and
 scientific disclosure contained herein.


About Canuc


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


Forward-Looking Statements
This news release contains forward-looking statements that include risks
 and uncertainties. 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 statements. The forward-looking statements are based on
 current expectations and apply 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 statements include changes
 in the prevailing price of gold, the Canadian-United States exchange
 rate, grade of ore mined and unforeseen difficulties in mining
 operations that could affect revenues and production costs. Other
 factors such as uncertainties regarding government regulations could
 also affect the results. Other risks may be set out in Annual Reports.


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p  /p table valign="top" border="0" tr td Gary Lohman, President & CEObr/ 416-867-1300br/ a href="http://[e-mail]"[e-mail]/a    /td td Ken Murton, Chairmanbr/ 416-920-2748br/ a href="mailto:[e-mail]"[e-mail]/a /td /tr /table p   /p 

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