Red Canyon Provides Drilling Update and Expands 2026 Targeting Plans at its 100% owned Kendal Copper Project
Suite 1210 – 1130 West Pender Street
Vancouver, British Columbia, V6E 4A4 Canada
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Red Canyon Provides Drilling Update and Expands 2026
Targeting Plans at its 100% owned Kendal Copper Project
Vancouver, British Columbia, February 4, 2026: Red Canyon Resources Ltd. (“Red Canyon”
or the “Company”) (CSE: REDC | OTCQB: REDRF) is pleased to provide an exploration update
for its 100% owned Kendal copper -molybdenum-gold-silver project in west -central British
Columbia, including an overview of the Company’s 2025 targeted drill program at Kendal Ridge
and expansion geochemistry program. The Company controls a portfolio of seven 100%-owned1
copper and copper-gold projects in British Columbia and the western United States.
Company Highlights:
• In Q4 2025, the Company completed a targeted five-hole drill program at Kendal Ridge, a
500 m by 500 m area within the interpreted 4 km by 3 km Kendal hydrothermal system .
All drill holes intersected significant porphyry-style alteration, multi-generational vein sets
and highly anomalous copper, molybdenum (“moly”), gold, and silver mineralization (see
news release dated November 13, 2025).
• Assay results from the program confirm additional highly anomalous copper and moly
tenor similar to the initial discovery drill program in 2024. Increasing copper mineralization
with gold and silver is strongest in holes RCKD-25-007 and RCKD-25-010 associated with
highly altered diorite porphyry in the central portion and eastern flanks of Kendal Ridge .
Zones of elevated moly are confined to the eastern portion of Kendal Ridge and are
interpreted as a separate mineralizing event.
• Drilling has now identified an interpreted halo of the Kendal copper porphyry system
spanning at least 1,500 m by 500 m by 500 m. Modeling suggests the Kendal system
remains open to depth on the western flanks of the system and eastward covering an
approximately 4 km by 2 km north-south area of the interpreted hydrothermal system.
• On the western flanks of the Kendal system, rocks are well exposed in a series of
intersecting drainages. To better evaluate the expanded potential of the less exposed
eastern portion of the Kendal system, the Company completed a large -scale soil
geochemistry program in the second half of 2025. Assay results identified new and highly
anomalous copper, moly, gold and silver zones east of the Kendal and Moly Fork
drainages. These anomalies correspond with significant MobileMT conductive and
resistive features. Notably, the area immediately east of Kendal Ridge is known to host
breccias containing copper -moly mineralization and high -grade hypogene chalcocite
veining, with reported grades of up to 27.5% copper.
• Plans for 2026 exploration will target a series of geochemical and geophysical targets
identified east of Moly Fork and Kendal Creek. Infill sample geochemistry, IP geophysics
and diamond drilling are anticipated to commence in Q2 2026.
Wendell Zerb, the Chairman and CEO of the Company, states: “We have successfully completed
the 2025 targeted Kendal Ridge drill program, which intersected copper, moly, gold and silver
mineralized porphyry veins throughout all drill holes. These results further reinforce our
confidence in the strength and scale of the Kendal system. This focused program provided an
important test of the Kendal Ridge zone and significantly improved our understanding of the
mineralizing processes and structural controls driving the large hydrothermal system at Kendal.
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Mineral tenor suggests that recent drilling remained within the halos of a central porphyry core,
indicating we potentially remain close to a higher-grade centre of the system. To date, drilling has
tested only a very small portion of the Kendal hydrothermal footprint, and vectoring to depth along
the western margins and eastward remains open. We are increasingly confident in the potential
at K endal, particularly given the excellent infrastructure in the area, which could substantially
enhance the economics of a future discovery.”
Dr. Craig Hart, the Company’s Chief Geoscientist, added : “Kendal Ridge drilling once again
confirms the impressive scale of the mineralized alteration footprint encountered at Kendal,
pointing to a very robust porphyry system with a large volume of hydrothermal fluid flow. Our initial
efforts have logically focu sed on the best exposed areas within the Kendal Creek drainages;
however, new highly anomalous copper -moly-gold-silver soil geochemistry, together with
complex magnetic, conductive and resistive geophysical signatures, mapped copper -bearing
breccias, and high -grade hypogene chalcocite veining, highlight the opportunities within the as
yet untested portions of the system.”
Kendal Project
Kendal c omprises five 100%-owned mineral claims tota lling 2,738 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 main project area has direct logging road access, 8 km east from Highway
16. The project area lies within the traditional territory of the Kitselas First Nation.
Figure 1: Kendal project location and infrastructure map with Red Canyon claims.
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Kendal Ridge Targeted Drill Program
Red Canyon recently completed five diamond drill holes totalling 2,548 m, testing a portion of the
road-accessible Kendal Ridge zone, located within the southwestern portion of the 4 km by 3 km
interpreted hydrothermal system at Kendal . Kendal Ridge drilling targeted areas combining
anomalous copper and moly surface lithogeochemistry, high vein densit ies, thorium/potassium
(Th/K) ratio lows, complex magnetic signatures, and conductive and resistive zones identified by
the recent Mobile MT survey (Figures 2, 3, 4, and 5).
Figure 2: Kendal Project topographic orthophoto looking south, with outline of interpreted alteration and
anomalous geochemical footprint (yellow line).
The drill program tested an area of Kendal Ridge spanning approximately 500 m by 500 m, from
three drill locations, all being road/trail accessible from the west and south side of Kendal Creek
(Figures 2 and 3).
Drilling predominantly tested the north-central and northeastern margins of Kendal Ridge (Figures
2, 3, and 6), highlighted by high vein densities, stronger overall alteration, and increasing copper
and moly vein abundance. All drill holes intersected significant porphyry -style alteration, multi -
generational vein sets and highly anomalous copper and moly mineralization.
Assay results from the program confirm additional highly anomalous copper and moly tenor
similar to the initial discovery drill program in 2024. Increasing copper mineralization with
anomalous gold and silver is strongest in drill holes RCKD-25-007 and RCKD -25-010 and
associated with highly altered diorite porphyry in the central portion and eastern flanks of Kendal
Ridge (Figures 3, 4, and 6). Zones of higher -grade moly are confined to the eastern portion of
Kendal Ridge and are interpreted as a separate mineralizing event. The Kendal Ridge area
mineralization remains open with elevated copper mineralization interpreted to be associated with
a conductive zone trending to depth (Figure 7).
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The Moly Fork structure is interpreted to be a significant, long -lived fluid pathway, potentially
important in the genesis of the Kendal system. The strongest portion of the resistivity high
identified on the Moly Fork trend remains untested (Figure 3). Furthermore, the area immediately
east of Kendal Ridge hosts known copper-bearing breccias and high-grade hypogene chalcocite
veining grading up to 27.5% copper (Figures 2 and 6).
Figure 3: Kendal Ridge Targeted Drill Plan, map background is Mobile MT resistivity model slice at 300
masl.
Summary of 2025 Kendal Ridge Drill Program
Table 1 2025 Kendal Ridge Drill Hole Details
Hole UTM_Grid UTM_East UTM_North Collar
elev Azimuth Dip Length
m m
RCKD-25-006 NAD83_Z9 543005 6046112 723 127.8 -55 605.6
RCKD-25-007 NAD83_Z9 543005 6046112 723 330 -59 453.2
RCKD-25-008 NAD83_Z9 543005 6046112 730 99 -56 453.9
RCKD-25-009 NAD83_Z9 542781 6046093 803 116 -58 511.2
RCKD-25-010 NAD83_Z9 542874 6046179 760 135 -65 524.3
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Figure 4: Geological Interpretation - Cross Section A – A’ (Figure 3) Drill holes RCKD -25-006, 007, 010 -
looking northeast.
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Drill hole RCKD-25-006 (DH006) Azimuth 128 deg, Dip -55°
DH006 intersected the Moly Fork structure which appears to be an important conduit for
mineralizing fluids; however, significant post-mineral deformation encountered also is interpreted
to have disrupted mineralization. Importantly, DH006 ended in 786 ppm copper, confirming the
continuation of the mineralized porphyry system on the eastern side of the Moly Fork structure.
Table 2 Drill results from Kendal Project RCKD-25-006
Hole ID
From To Interval Cu
Grade
Mo
Grade
Ag
Grade
CuEq*
Grade Az Inc
TD
(m) (m) (m) (%) ppm ppm (%) (m)
RCKD-25-006 12.2 605.6 593.5 0.039% 95.9 0.47 0.099%
128 -55 605.6
including 12.2 277 264.8 0.051% 81.8 0.73 0.109%
Copper Equivalent (CuEq) shown in the Table above are calculated on a basis of US$ 4.20/lb for Cu, US$ 60/oz for Ag and US$ 22/lb
for Mo, with 80% metallurgical recoveries assumed for all metals (i.e. no assumptions have been made for recoveries at this s tage).
The formula is: CuEq. = Cu % + (Ag grade in g/t x (Ag recovery / Cu recovery) x [Ag price ÷ 31.1] / [Cu price x 2204.6] + (Mo grade in
% x (Mo recovery / Cu recovery) x [Mo price x 2200] / [Cu price x 2204.6]).
Drill hole RCKD-24-007 (DH007) Azimuth 324 deg Dip -59°
DH007, drilled west across Kendal Ridge (Figure 4), tested a more conductive zone with a higher
overall magnetic response, possibly linked to increased sulphide mineral content in altered
volcanic rocks intruded by large porphyry dykes. Parts of DH 007 have elevated copper
mineralization including a quartz diorite porphyry grading 0.14 0% CuEq form 263 m to 330 m.
While still just highly anomalous, increasing copper values are encouraging. A deeper conductor
remains untested on trend from DH007.
Table 3 Drill results from Kendal Project RCKD-25-007
Hole ID
From To Interval Cu
Grade
Mo
Grade
Ag
Grade
CuEq*
Grade Az Inc
TD
(m) (m) (m) (%) Ppm ppm (%) (m)
RCKD-25-007 9.1 453.2 444.1 0.053% 46.0 0.49 0.087%
324 -59 453.2
including 184.0 408.0 224.0 0.064% 36.9 0.57 0.095%
including 234.9 408.0 173.1 0.067% 36.6 0.66 0.100%
including 263.0 330.0 67.0 0.098% 53.1 0.66 0.140%
Copper Equivalent (CuEq) shown in the Table above are calculated on a basis of US$ 4.20/lb for Cu, US$ 60/oz for Ag and US$ 22/lb
for Mo, with 80% metallurgical recoveries assumed for all metals (i.e. no assumptions have been made for recoveries at this s tage).
The formula is: CuEq. = Cu % + (Ag grade in g/t x (Ag recovery / Cu recovery) x [Ag price ÷ 31.1] / [Cu price x 2204.6] + (Mo grade in
% x (Mo recovery / Cu recovery) x [Mo price x 2200] / [Cu price x 2204.6]).
Drill hole RCKD-24-008 (DH008) Azimuth 172 deg Dip -58°
DH008 and DH009 drilled across the interpreted strike of the Kendal Ridge mineral system. Both
drill holes encountered sections of elevated moly in B -type veins. A subset of these moly -only
veins (B2) are interpreted to be a separate mineralizing event from standard B -type veins that
carry copper, pyrite, magnetite and moly. Subsets that include elevated B2 veins returned 56 m
grading 0.229% CuEq (DH-008) and 74 m grading 0.228% CuEq (DH009).
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Table 4 Drill results from Kendal Project RCKD-24-008
Hole ID
From To Interval Cu
Grade
Mo
Grade
Ag
Grade
CuEq*
Grade Az Inc
TD
(m) (m) (m) (%) ppm ppm (%) (m)
RCKD-25-008 12.4 453.9 441.5 0.050% 92.4 0.55 0.110%
99 -56 453.9 including 110.0 189.9 79.9 0.069% 21.2 0.91 0.099%
including 297.5 353.5 56.0 0.059% 311.7 0.34 0.229%
Copper Equivalent (CuEq) shown in the Table above are calculated on a basis of US$ 4.20/lb for Cu, US$ 60/oz for Ag and US$ 22/lb
for Mo, with 80% metallurgical recoveries assumed for all metals (i.e. no assumptions have been made for recoveries at this s tage).
The formula is: CuEq. = Cu % + (Ag grade in g/t x (Ag recovery / Cu recovery) x [Ag price ÷ 31.1] / [Cu price x 2204.6] + (Mo grade in
% x (Mo recovery / Cu recovery) x [Mo price x 2200] / [Cu price x 2204.6]).
Drill hole RCKD-24-009 (DH009) Azimuth 117 deg Dip -58°
Table 5 Drill results from Kendal Project RCKD-25-009
Hole ID
From To Interval Cu
Grade
Mo
Grade
Ag
Grade
CuEq*
Grade Az Inc
TD
(m) (m) (m) (%) ppm ppm (%) (m)
RCKD-25-009 12.2 511.2 499.0 0.031% 73.9 0.69 0.098%
116 -58 511.2
including 173.4 378.0 204.6 0.046% 129.3 1.05 0.156%
including 189.0 310.0 121.0 0.050% 172.1 1.15 0.188%
including 236.1 310.0 74.0 0.049% 234.8 1.40 0.228%
Copper Equivalent (CuEq) shown in the Table above are calculated on a basis of US$ 4.20/lb for Cu, US$ 60/oz for Ag and US$ 22/lb
for Mo, with 80% metallurgical recoveries assumed for all metals (i.e. no assumptions have been made for recoveries at this s tage).
The formula is: CuEq. = Cu % + (Ag grade in g/t x (Ag recovery / Cu recovery) x [Ag price ÷ 31.1] / [Cu price x 2204.6] + (Mo grade in
% x (Mo recovery / Cu recovery) x [Mo price x 2200] / [Cu price x 2204.6]).
Drill hole RCKD-25-010 (DH010) Azimuth 135 deg Dip -65°
DH010 drilled west to east tested the central area of Kendal Ridge. Again, while grades remain
highly anomalous, copper values increased to depth, suggesting a possible deeper vector in this
area at Kendal Ridge. With increasing copper values at depth, both gold and silver values were
coincidently increasing.
Table 6 Drill results from Kendal Project RCKD-24-010
Hole ID
From To Interval Cu
Grade
Mo
Grade
Ag
Grade
CuEq*
Grade Az Inc
TD
(m) (m) (m) (%) ppm ppm (%) (m)
RCKD-25-010 15.2 524.3 509.0 0.047% 84.8 0.63 0.114%
135 -65 524.3 including 112.0 524.3 412.3 0.053% 98.4 0.71 0.129%
including 407.5 524.3 116.7 0.072% 59.1 1.05 0.138%
Copper Equivalent (CuEq) shown in the Table above are calculated on a basis of US$ 4.20/lb for Cu, US$ 60/oz for Ag and US$ 22/lb
for Mo, with 80% metallurgical recoveries assumed for all metals (i.e. no assumptions have been made for recoveries at this s tage).
The formula is: CuEq. = Cu % + (Ag grade in g/t x (Ag recovery / Cu recovery) x [Ag price ÷ 31.1] / [Cu price x 2204.6] + (Mo grade in
% x (Mo recovery / Cu recovery) x [Mo price x 2200] / [Cu price x 2204.6]).
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Figure 5: RCKD-25-010 NQ drill hole showing brecciated, altered porphyry intrusive and volcanic rocks
with associated fracture filled veins and B-type veins.
Much of the observed alteration at Kendal is dominantly sericite -chlorite (SC); however, the
presence of mineralized B -type veins, which are known to form in association with potassic
alteration, suggests that the broad SC alteration related fluids overprint an earlier potassic
alteration. Field work and drilling indicate that B-type veins are widespread and continue into the
Kendal Ridge area, extending the known area of potassic alteration related fluids further west-
southwest over a minimum strike length of 1.5 km. Thus, the Kendal system can be considered
characterized by a large zone of potassic -related porphyry style mineralized veining with SC
overprinting.
Expanded Soil Sample Geochemistry Results and 2026 Targeting
In the second half of 2025, the Company completed a large -scale soil geochemistry program
consisting of 252 samples to target areas with limited or variable rock exposure at Kendal (Figures
2 and 6). Copper-in-soil anomalism occurs over several zones within a 2.6 km by 0.9 km region.
Within that is a 1.6 km by 0.8 km zone of moly-in-soil anomalism and several, mostly coincident
zones with silver and gold -in-soil anomalism. The distribution of the soil anomalies identifies
several new zones , some of which have coincident conductivity features from the MobileMT
geophysical survey results, that combine to distinguish new high-priority targets. Many of these
new target areas are beyond those previously recognized and further emphasize the scale of the
potential mineralizing system.