Red Canyon Commences Inaugural Drill Program at its 100% Owned Kendal Copper Project
Suite 1210 – 1130 West Pender Street
Vancouver, British Columbia, V6E 4A4 Canada
T +1 (604) 681-9100
Red Canyon Commences Inaugural Drill Program at its 100%
Owned Kendal Copper Project
Vancouver, British Columbia, September 9, 2024: Red Canyon Resources Ltd. (“Red Canyon”
or the “Company”) (CSE: R EDC | OTCQB: REDRF) is pleased to announce it has commenced
diamond drilling on its 100% owned Kendal Project in west-central British Columbia. The
Company is f ocused on impactful, value-added exploration to make discoveries of copper and
copper-gold deposits in established mineral belts in North America.
Company Highlights:
• The planned program is fully funded and will consist of 4 to 6 drill holes totalling up to
2,500 m. Drilling will target an interpreted copper porphyry system, represented by
significant altered and mineralized volcanic and porphyritic rocks exposed over 2.5 km x
1.5 km.
• Lithogeochemical studies suggest that the erosional level of the porphyry system
alteration in Kendal Creek could be directly above and in close proximity to a modeled
zone of copper mineralization.
• Independent structural and lithological mapping at Kendal has identified four phases of
porphyry-related quartz sulphide stockwork vein sets with identified copper mineralization
associated with at least two phases.
• The Kendal Project has never been previously drill tested.
• The Company controls a portfolio of seven 100%-owned, internally generated copper and
copper – gold projects in British Columbia and the Western U nited States, four of which
are drill ready.
Wendell Zerb, the Chairman and CEO of the Company, states: "We are very excited for this
Inaugural drill program at Kendal. It’s a rare circumstance that a small cap mineral exploration
company has the opportunity to conduct a first pass drill program on such an exciting , 100%
owned target. Kendal geology, alteration, lithogeochemistry and geophysics all suggest Kendal
represents a newly recognized copper porphyry system. This initial drill program will test a portion
of this large system and provide an important framework for future work at Kendal. Testing big
targets is part of our business plan and we believe Kendal is an outstanding leveraged target.”
Kendal Project Drill Plan
Red Canyon has commenced a diamond drill program consisting of 4 to 6 drill holes totalling up
to 2,500 m. Drilling will target an interpreted copper porphyry system, represented by significant
altered and mineralized volcanic and porphyritic rocks exposed over 2.5 km x 1.5 km.
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Figure 1: Drill pad location 6 (bottom left) with drill rig set for initial RCKD-24-001 diamond drill hole. Photo
is looking south with Kendal Creek and Moly Creek drainages highlighting strong pervasive phyllic
alteration.
Kendal c omprises five 100%-owned mineral claims tota lling 2,738 hectares located in west -
central British Columbia approximately 25 k m northeast of the city of Terrace, a regional
infrastructure hub with a well -serviced airport. Infrastructure is excellent with four intersecting
highways, hydroelectric power, and rail corridors and port facilities approximately 120 km to the
west at Prince Rupert. The project has direct road access, only 3.5 km from Highway 16.
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Figure 2: Kendal Project location map.
The Company has completed a detailed geological interpretation, a lithogeochemistry vectoring
study, lithological and structural mapping, magnetic inversion modelling, and a radiometric survey.
These technical studies significantly enhance our confidence that Kendal may represent a newly
discovered, copper porphyry system.
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Figure 3: Kendal Project topographic orthophoto looking south, with outline of mapped phyllic alteration
(yellow line) and focus area of the Q4/2023 trace element rock sampling program (blue line).
Lithogeochemical vectoring conducted by Red Canyon suggests that the current level of erosion
is potentially in close proximity to the prospective potassic alteration zone (Figure 4), suggesting
that the top of a copper porphyry system could be near-surface.
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Figure 4: Geochemical data from Kendal indicate s the approximate erosional level to be at the top of the
magmatic-dominant portion (potassic zone) that hosts porphyry copper deposits, when compared to the
Halley et al. (2015) cross -section through the porphyry copper lithogeochemical footprint model. The
erosional level of Kendal is well-constrained by threshold enrichments of Mo, W and Sn, as well as Cu, and
depletions of Na, Mn, Sr, As, which are all characteristic of the high temperature parts of the system.
The drilling will be conducted from three drill locations at Kendal: one road accessible pad on the
west side of Kendal Creek and two helicopter-supported pads on the east side of Kendal Creek.
Collar locations are set up at approximately 90 to 115 m above the base of Kendal Creek. Drilling
will initially target areas below exposed porph yritic intrusions in Kendal Creek and within the
interpreted magnetic destruction zone and coincident with gamma-ray radiometric response s
outlining very low thorium /potassium (Th/K) ratios (Figure 5). The Company anticipates the
program to run into late October.
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Figure 5: Magnetic analytic signal image over t he central part of the Kendal project indicates a (> 2 km 2)
hydrothermal alteration footprint defined by a large zone of depressed magnetic response from potential
hydrothermal magnetite destruction within a broader region of gossanous pyrite alteration.
About Red Canyon Resources
Red Canyon Resources Ltd. (CSE: REDC | OTCQB: REDRF) is a geoscience-driven, discovery-
focused mineral exploration company focused on exploring North America’s top copper
jurisdictions. The Company’s core goal is to make impactful copper discoveries to benefit all
stakeholders and support the clean energy transition. Red Canyon has a portfolio of 100%-owned
copper and copper-gold porphyry exploration projects. The Company’s technical team consists
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of experienced geoscientists with diverse capital market, small cap and major mining company
backgrounds and a track record of success.
For more information, please visit the Company's website at www.redcanyonresources.com.
Red Canyon is part of the NewQuest Capital Group which is a discovery-driven investment group
that builds value through the incubation and financing of mineral projects and companies. Further
information about NewQuest can be found on the company website at www.nqcapitalgroup.com.
On Behalf of the Board of Directors
Wendell Zerb, P. Geol
Chairman and Chief Executive Officer
+1 (604) 681-9100
For further information, please contact:
Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy
of this press release.
Qualified Person - The technical information contained in this update has been reviewed and
approved by Wendell Zerb, P. Geol, a “Qualified Person” (“QP”) as defined in National Instrument
43-101 – Standards of Disclosure for Mineral Projects.
Forward-Looking Statements:
This news release includes certain forward -looking statements and forward -looking information
(collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation.
All statements, other than statements of historical fact, included herein including, without limitation,
statements regarding future capital expenditures, exploration activities and the specifications, targets,
results, analyses, interpretations, benefits, costs and timing of them, and the anticipated busi ness plans
and timing of future activities of the Company, are forward -looking statements. Although the Company
believes that such statements are reasonable, it can give no assurance that such expectations will prove
to be correct. Often, but not always, f orward looking information can be identified by words such as “pro
forma”, “plans”, “expects”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates”, “believes”, “potential” or variations of such words including negativ e variations thereof, and
phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken
or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company to differ materially from
any future results, performance or achievements expressed or implied by the forward -looking statements.
Such risks and other factors include, among others, risks r elated to the anticipated business plans and
timing of future activities of the Company, including the Company’s exploration plans and the proposed
expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund
its business activities and plans, the ability of the Company to obtain the required permits, changes in laws,
regulations and policies affecting mining operations, the Company’s limited operating history, currency
fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed
under the heading “Risk Factors” in the Company’s prospectus dated October 12, 2023 and other filings of
the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s
profile on the SEDAR website at www.sedar.com.
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Readers are cautioned not to place undue reliance on forward -looking statements. The Company
undertakes no obligation to update any of the forward-looking statements, except as otherwise required by
law.