Red Canyon Plans Mobile MT Geophysical Survey at Kendal Project
Suite 1210 – 1130 West Pender Street
Vancouver, British Columbia, V6E 4A4 Canada
T +1 (604) 681-9100
Red Canyon Plans Mobile MT Geophysical Survey at Kendal
Project
Vancouver, British Columbia, May 08, 2025: Red Canyon Resources Ltd. (“Red Canyon” or
the “Company”) (CSE: R EDC | OTCQB: REDRF) , is pleased to announce that it has engaged
Expert Geophysics Surveys Inc. to complete a 258 line-kilometre mobile magnetotelluric (“Mobile
MT”) heliborne survey. This survey will cover the entirety of Red Canyon's Kendal property located
in west-central British Columbia. The survey is expected to begin in early June 2025. 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 Company controls a portfolio of eight 100%-owned, internally-generated copper and
copper – gold projects. The Kendal project is the Company’s priority copper project. In
2024, the first ever drill program at Kendal intersected significant porphyry related
mineralization (see news release dated January 13, 2025).
• The Company has compiled Kendal surface and drill data from the 2024 program .
Vectoring studies to identify the core areas of the Kendal porphyry system are ongoing
with expanded plans for additional field studies including geological mappi ng,
geochemistry and geophysics prior to additional drilling this year.
• Mobile MT is a leading geophysical technology, which aids in the identification of geologic
structures, alteration halos and contrasting lithologies in the subsurface. In addition,
potential mineralization from near surface to deeper than one km from surface can be
inferred based on specific electromagnetic geophysical signatures.
Wendell Zerb, the Chairman and CEO of the Company, commented: "We expect the Mobile MT
data will provide a three-dimensional image of the Kendal project area. Our goal is to use the
differences in the electrical conductivity of the various lithologies to assist in mapping the
subsurface at Kendal . Furthermore, Mobile MT is known for identifying areas of electrically
conductive sulphides potentially linked to mineralized porphyry intrusive centres , and resistive
bodies representative of intrusions . Our 2024 first ever drill program at Kendal identified a
significant, large scale copper porphyry system at Kendal. Our goal now is to vector into higher
grade mineralization at Kendal and we believe Mobile MT is an excellent tool to assist our
vectoring initiatives."
Overview of 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.
2
Figure 1: Location map of Red Canyon’s 100% owned1 copper and copper-gold projects.
Kendal Project
Kendal comprises eight 100%-owned mineral claims tota lling 3,582 hectares located in west -
central British Columbia approximately 25 km northeast of the city of Terrace, a regional
infrastructure hub with a well -serviced airport. Infrastructure is excellent with four intersecting
highways, hydroelectric power, 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. The project
area lies within the traditional territory of the Kitselas First Nation.
3
Figure 2: Kendal project location map with Red Canyon claims and approximate outline of planned Mobile
MT survey.
In the fourth quarter of 2024, a first ever five-hole drill program at the Company’s Kendal project
confirmed the discovery of a new copper porphyry system. All drill holes intersected significant
porphyry-style alteration, multi -generational vein sets and highly anomalous copper and m oly
mineralization (see news release dated January 13, 2025). Based on initial studies focused on
vectoring to higher grade mineralization, the target area is open, particularly south and west from
the initial drilling.
The extensive mineralized alteration footprint encountered with these drill holes at Kendal
indicates a porphyry system with a massive amount of associated fluid flow. This large alteration
footprint and corresponding multiple generations of hydrothermal v eins gives the Company
confidence regarding the scale of the system and its potential to host a higher-grade mineralized
core.
Vectoring work by Red Canyon suggests Kendal could have several porphyry centres. Work
suggests numerous areas remain open to high grade potential and based on alteration, magnetic
susceptibility and vein densities in drill holes RCKD-24-001 and 002, the system is open laterally
to the south, southwest and southeast and to depth (Figure 3).
4
Figure 3: Kendal orthophoto with copper geochemical footprint and approximate 2024 drill hole traces.
Next steps for the Kendal Project are as follows:
• Complete SWIR, petrographic analyses, and physical electrical studies on 2024 core
• Commence step out and infill rock, soil and silt geochemistry
• Expand geological, structural, vein density, and alteration mapping
• Conduct Mobile MT survey and integrate geophysical data with results from 2024 drilling
and field work
• Finalize new drill targets and prepare for 2025 late summer drill program
Mobile MT - Expert Geophysics Surveys Inc. (Expert)
Mobile MT utilizes an airborne mobile magnetotelluric system to collect magnetic and both
resistivity and conductivity imaging from the surface to a depth of one km. This system can provide
key information pertaining to source fluid conduits and structures important in mapping the
subsurface and targeting mineralization associated with porphyry systems.
Magnetotellurics (MT) is a n established electromagnetic geophysical method which provides
accurate sub -surface data for reliable geological interpretations. MT measures the earth ’s
subsurface electrical conductivity using the natural geomagnetic and geoelectric field variations
in the earth. MT utilizes the electrical fields generated by lightning discharges from thunderstorms
that propagate through the sub-surface. MT is akin to conventional resistivity and electromagnetic
surveys but incorporates magnetic fields to further help determine electrical heterogeneities
between the earth and the audio frequencies. This technology is known for identifying geological
features of interest better than conventional electromagnetic methods.
The planned program at Kendal includes Expert flying 258 line-kilometres of Mobile MT on NNW
to SSE lines spanning the entire Kendal project area (Figure 2). Line spacing will be 200 m with
planned perpendicular tie lines to assist in data coordination and quality.
5
The final data processing, colour imaging and mapping will be performed by Expert geophysicists.
Preliminary results are expected shortly following the completion of the survey and f inal results
and resulting products are expected within 4 weeks following the completion of the survey.
Surveying is planned to commence in early June 2025 and expected to take 3 to 5 days to
complete.
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. Red Canyon has a portfolio of 100% owned copper and copper -gold porphyry
exploration projects. The Company’s technical team consists 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.
1’ Red Canyon has three projects subject to option earn in agreements whereby the Company can earn
into 100% of the project.
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. Mr. Zerb is not independent by reason of being the Chairman,
President and CEO of the Company.
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,
6
results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business 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, forward 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 negative 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 implie d by the forward-looking statements.
Such risks and other factors include, among others, risks related 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 operat ions, 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.sedarplus.ca.
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.