Red Canyon Defines Priority Copper-Gold Porphyry Targets at Inzana Project Area
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Red Canyon Defines Priority Copper-Gold Porphyry Targets at
Inzana Project Area
Vancouver, British Columbia, May 15, 2025: Red Canyon Resources Ltd. (“Red Canyon” or
the “Company”) (CSE: REDC | OTCQB: REDRF) is pleased to provide an overview of its Inzana
copper–gold project area in central British Columbia. The Company has upgraded this project
area based on compilation work completed over the last 10 months. The Company is focused on
impactful, value-adding exploration to make discoveries of copper and copper -gold deposits in
established mineral belts in North America.
Company Highlights:
• The Inzana project area (Osiris and Acheron projects) hosts altered, mineralized porphyry
intrusions and has potential to host multiple alkalic copper-gold porphyry centres.
• Historic drill hole 9 1-2 from the Camp zone at Osiris returned 0.18% copper plus
anomalous gold over 12 7.4 metres. The Company interprets this intercept as being
located peripheral to the central part of a porphyry system. The Camp target remains open
laterally and at depth.
• The Acheron area at Inzana is defined by a large NW-trending magnetic high spanning 10
km by 2.5 km. Historic work identified multiple phases of hydrothermally altered and
mineralized porphyritic intrusions. The Tez zone at Acheron is interpreted by Red Canyon
to be an alkalic porphyry centre defined by complex magnetics, rock and soil geochemistry
and shallow historical drilling. The target area remains open to test for the c ore of a
copper–gold porphyry system.
• Detailed compilation and modelling work recently completed by Red Canyon has resulted
in the Company significantly upgrading the copper–gold potential of the Inzana area. Field
work programs are planned for 2025 and the Company has submitted Notice of Work
applications that include plans for initial drilling.
Wendell Zerb, the Chairman and CEO of the Company, commented: "Our portfolio of exploration
projects has never looked better. Plans for additional work at our Kendal copper discovery in west-
central British Columbia are fully moving forward. Scraper Springs in Nevada is now drill ready
with multiple excellent drill targets in one of the world’s largest hydrothermal alteration systems
and multiple other projects show excellent potential for discovery. The Inzana area has risen in
priority for its copper–gold potential. Important characteristics of alkalic copper–gold porphyry
systems occur at both the Camp and Tez targets. It ’s fantastic that Red Canyon can follow up
with new exploration perspectives on such impressive results, including a historical drill intercept
of 127.4 metres grading 0.18% Cu. We believe this historic drill intercept could be peripheral to
economic copper–gold grades at Camp.”
Overview of Red Canyon Projects:
The Company holds a portfolio of eight 100% owned projects in British Columbia, Nevada and
Utah. High priority projects are Kendal in west-central British Columbia and Scraper Springs in
northeast Nevada. The Company continues to review new early stage to advanced stage mineral
projects within the Western United States and British Columbia.
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Figure 1: Location map of Red Canyon’s 100% owned 1 copper and copper-gold projects.
Inzana Project Area – Osiris Project, Acheron Project:
The Inzana project area is located in central British Columbia, approximately 60 km northwest of
the district municipality of Fort St. James and 35 km west southwest of Centerra Gold’s Mount
Milligan Cu-Au mine (Figure 2). The Company has staked 14,908 hectares within the Inzana
project area that are 100% owned and royalty-free. The Company has also entered into property
option agreements to acquire a 100% interest in an additional two mineral claims at Osiris and
two mineral claims at Acheron, totalling 539 hectares, for total consideration of $48,000 payable
over a three-year term. Each two optioned mineral claims at Osiris and Acheron is subject to a
1.25% net smelter return royalty, which may be purchased for $2 million at any time.
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Figure 2: Inzana project area, outlining Osiris and Acheron projects and Camp and Tez targets.
The project area is located within the early Mesozoic -aged Quesnellia island arc terrane that
occupies much of east -central British Columbia and is host to several of the province’s largest
copper mines. The project area is bounded to the west by the NW -trending Pinchi Fault which
juxtaposes older Cache Creek Terrane with the Triassic-Jurassic Quesnellia Terrane. The
Company interprets that a NE-SW cross-arc structure is located on the northern boundary of the
Osiris project area. Cross-arc structures are important structural pathways for the localization of
porphyry deposits in arc terranes worldwide.
Previous operators in the area recognized various porphyritic intrusive rocks, anomalous copper,
molybdenum and gold geochemistry and magnetite-rich hydrothermal alteration related to alkalic
porphyry copper systems. A series of intermittent work programs spanning over 50 years have
included geological mapping, geochemistry, magnetics and IP geophysics and diamond drilling.
With the expanded technical understanding of alkalic copper–gold porphyry systems developed
over the last decade, Red Canyon believes the Osiris and Acheron areas have excellent potential
to host potentially economic copper-gold porphyry systems and that previous work identified
alkalic porphyry alteration and mineralization indicative of peripheral zones to the main porphyry
centres.
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Osiris Project
Figure 3: Osiris project, outlining priority targets for 2025 field work and the Camp target location.
The Osiris project has multiple magnetic features bound to the west by the Pinchi Fault and to the
north by an interpreted cross -arc structure. Recent forestry activity in the area has significantly
improved road access throughout the area. The Company’s 2025 field plans include rock, till and
soil geochemistry on a series of targets. Magnetic and IP geophysical programs are also under
consideration for 2025. In addition, the Company has applied for a N otice of Work plan that
includes diamond drilling.
The Camp target area is a 1.0 km by 2.0 km NNW-trending magnetic high (Figures 3 and 4).
Previous work suggests the magnetic high feature is due to introduced highly oxidized alkalic
intrusions and associated hydrothermal magnetite.
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Figure 4: The Camp zone target outlining ground magnetics, rock and soil geochemistry, historical drill
hole locations and comparative size footprint of Cadia – Ridgeway alkalic Au-Cu deposit.
Figure 5: N NW – SSE cross-section outlining historical drill holes with Cu and Au histograms at Camp
target.
A series of historical drill holes at Camp intersected porphyry-style alteration plus copper and gold
mineralization indicative of alkalic porphyry systems. Drill holes 91-2, 91-6 and 12-07 are host to
highly anomalous copper and gold values. Drill holes 91-2 and 91-6 ended in mineralization with
grades of copper and gold increasing to depth. In addition, porphyry style veining and silicification
are described as increasing down hole towards the west (Figure 5).
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Historic drill hole 91-2 from Osiris returned 0.18% copper with anomalous gold over 127.4 m from
25.3 m. Based on the footprint of other known alkalic porphyry deposits worldwide, the Company
believes the target area remains open to vector into a potential higher-grade core to the system.
As an example, the high grade Cadia Ridgeway alkalic copper gold deposit in New South Wales,
Australia is generally a vertically extensive body with an approximately 225 by 225 m diameter
(Figure 4). A Newcrest pre-discovery drill hole (NC371) within 150 m of the discovery hole at
Cadia Ridgeway graded 0.10% copper over 118 m (Figure 6), comparable to the copper values
in 91-2.
Figure 6: *Historic drill plan of Cadia Ridgeway alkalic Au-Cu deposit New South Wales, Australia. Pre -
discovery drill hole NC371 was drilled 150 m east of the high-grade discovery drill hole NC498.
The Company believes the hydrothermal system at Camp is open both along the magnetic high
and low as it trend s NNW to SSE (Figure 4). The underlying rocks along the magnetic high/low
trend are the potential source of the elevated copper in soil/till geochemistry glacially dispersed
to the north (Figure 4).
IP charge ability and resistivity data indicates that highly chargeable zones could potentially
correlate with graphic sediments in parts of the Camp area. Again, drill holes 91-2 and 91-6 both
indicate increased copper and gold down hole with increasing silicification in flooding and veining.
In both instances chargeability is modest, not high, and increasing silicification could correspond
to a resistive high that trends NNW to SSE - roughly along the magnetic low feature (Figures 4
and 7).
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Figure 7: West – East IP chargeability and resistivity cross section outlining historical drill holes with Cu
and Au histograms and priority drill targets. See section line B- B’ Figure 4.
Acheron Project
The Acheron project at Inzana is defined by a NW-trending magnetic high spanning 10 km by up
to 2.5 km. Historic exploration work identified multiple phases of hydrothermally altered and
mineralized porphyritic intrusions (Figure 8).
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Figure 8: Acheron project outlining NW –SE trending magnetic feature, interpreted complex porphyritic
intrusions, and historic drill hole locations.
The Tez target at Acheron is interpreted by Red Canyon to be an alkalic porphyry centre defined
by complex magnetics, rock plus soil geochemistry and shallow historical drilling. Soil
geochemistry outlines a core area of elevated Cu, Mo and Au (Figure 9). Outbound to this area
is a rimming zone of elevated As and Mn, all indicative of chemistry that outlines the central
signature of a potential porphyry system.
Figure 9: Tez target area - Regional RTP magnetics with contoured Cu, Mo, and Au soil geochemistry.