Red Canyon Provides Summary of 2024 Drill Results and Initial Drill Vectoring Plans for Kendal Copper Project
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Red Canyon Provides Summary of 2024 Drill Results and Initial
Drill Vectoring Plans for Kendal Copper Project
Vancouver, British Columbia, January 13, 2025: Red Canyon Resources Ltd. (CSE: REDC |
OTCQB: REDRF) (the “Company" or "Red Canyon"), is pleased to provide an overview of 2024
drill results and initial exploration plans for its 100% owned Kendal copper-molybdenum (moly)
project in west central British Columbia. The Company controls a portfolio of eight 100%-owned*,
copper-moly and copper-gold projects.
Company Highlights:
• In Q4/2024 a first ever, five-hole drill program at the Company’s Kendal project confirmed
the discovery of a new copper - moly porphyry system. All drill holes intersected significant
porphyry-style alteration, multi-generational vein sets and highly anomalous copper and
moly mineralization (see news release dated November 4, 2024). 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. Th is large
alteration footprint and corresponding multi ple generations of hydrothermal veins give s
the Company confidence regarding the scale of the system and its potential to host a
higher-grade mineralized core.
• Red Canyon’s confidence in the potential at Kendal, combined with its outstanding
infrastructure, makes it the Company’s highest priority project.
• The Company has completed initial planning for follow-up work at Kendal, which includes
expanded lithogeochemistry, soil geochemistry, project scale IP geophysics and up to
5,000 metres of step out diamond drilling.
• The Company continues to upgrade and advance its copper project portfolio. In 2024, the
Company actively advanced five additional projects, two in central British Columbia
(Osiris, Acheron) and three in western United States (Scraper Springs, Keg and Oxford).
Wendell Zerb, the Chairman and CEO of the Company, states: "Without doubt, the first ever
drilling program at our Kendal project suggests great potential to vector into the high-grade portion
of this large copper – moly system. As stated previously, we are confident this initial drill program
has only “scratched” a portion of the system, in a small subset of the overall Kendal project area.
Planning of additional work to potentially discover an economic mineral system at Kendal is
advancing. In addition, our evolving pipeline of exploration projects has never looked better. We
look forward to updating shareholders as we seek to advance several of these projects to the drill
stage in 2025.”
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Project Overview
The Company holds a portfolio of eight 100% owned* projects in British Columbia, Nevada and
Utah. High priority projects include Kendal in west central British Columbia and Scraper Springs
in northeast Nevada.
Figure 1: Location map of Red Canyon’s 100% owned* 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.
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Figure 2: Kendal Project location map with Red Canyon claims.
Kendal Project 2024 Drilling
In fall of 2024, Red Canyon completed the first ever diamond drill program at its 100% -owned
Kendal project consisting of five drill holes totalling 2,562 m. Drilling targeted the northeastern
portion of the Kendal copper-moly porphyry system, represented by significant ly altered and
mineralized andesitic volcanic and porphyritic intrusive rocks exposed over 2.5 km x 1.5 km
(Figures 3, 4). Based on alteration, vein density and assays, drill holes RCKD-24-001 and 002
are interpreted to be within the inner propylitic zone of the porphyry and associated with areas of
sericite-chlorite ± clay (SCC) alteration (Figure 7), suggesting a close association with a more
central part of the system. Drill holes RCKD-24-003 and 004 exhibit weaker, more peripheral outer
propylitic alteration manifest as anomalous, but lower grade in copper and moly. Based on these
two drill holes, the north and northeast edge of the system appears constrained. RCKD -24-005
exhibits some areas of higher temperature alteration but is interpreted to have deflected along an
ENE structural zone with mixed structurally controlled porphyry intrusions and altered volcanics.
Overall, copper and moly tenor is highly anomalous, suggesting either an edge to a hotter part of
the system or potentially structurally confined mineralization due to the drill hole orientation.
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Early vectoring work by Red Canyon suggests Kendal could have several porphyry centres within
a 2.5 km by 1.5 km area. Work suggests numerous areas remain open to high grade potential to
depth (see Figures 3 and 4) 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).
Figure 3: Kendal drill plan with drill hole collars , drill traces, general alteration and vectoring interpretation
on airborne magnetic RTP map.
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Figure 4: Kendal Alteration Footprint Comparison with Pinto Valley Copper -Moly Deposit Footprint .
Noteworthy is the variability of grade distribution at Pinto Valley . Also note, approximate footprint (square
outline) of a cube representing 605 million tonnes (MT) , highlighting the potential to vector to economic
copper grades within the Kendal footprint.
Based on historical understanding of the variability of mineral systems (Figure 4) the Company
believes the project remains open in multiple directions and the potential for Kendal to host a
substantial, economic mineral system is significant.
The 2024 drilling program at the Kendal project confirmed the discovery of a large, mineralized
porphyry system with an extensive alteration footprint spanning a minimum of 2.5 km by 1.5 km.
Drilling consistently intersected a succession of highly altered and mineralized volcanics and
multiple cross-cutting quartz diorite and microdiorite porphyry intrusions. Multiple generations of
hydrothermal veins cut across the porphyry intrusions and volcanic host rocks. Based on the vein
mineralogy and cross-cutting relationships, at least seven vein generations have been identified,
including multiple sets that host chalcopyrite and moly mineralization (Figure 5).
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Figure 5: Select core photos depicting significant strength of alteration and veining over 750m horizontally
and 350 m vertically between drill hole RCKD-24-002 and RCKD-24-004.
Kendal Project 2025 Exploration Program Planning
The Company has completed its first stage planning for additional work at Kendal . To enhance
targeting for subsequent drill holes, a program to expand the geochemical coverage in several
areas, particularly to the south and west of the first pass drilling is planned . Also, previous
geochemical programs in and adjacent to Kendal creek drainages will be expanded into several
new high priority areas.
The Company is currently reviewing several options to conduct IP or EM -based geophysic al
surveys at Kendal. Given the pervasive pyrite alteration, IP surveys have not been conducted on
the assumption that a large chargeability signature would overwhelm more subtle internal
responses. With the first pass drill program completed, the Company is rethinking this
assumption. Directly measuring e lectrical properties in drill core may assist in understanding
potential nuanced IP or EM responses and could assist in modeling the underlying intrusive
system.
Early planning suggests an expanded program of up to 5,000 m of step -out diamond drilling**.
This program would cover the south and west extension where the Company believes has
excellent potential to host a higher-grade mineralized core to the Kendal system. Planning of
specific drill collar locations and hole orientations is ongoing.
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Summary of 2024 Drill Program
Table 1 2024 Kendal Drill Hole Details
Hole UTM_Grid UTM_East UTM_North Collar elev Azimuth Dip TD
m m
RCKD-24-001 NAD83_Z9 543729 6046214 558 250° -60° 601.7
RCKD-24-002 NAD83_Z9 543729 6046214 558 285° -55° 604.7
RCKD-24-003 NAD83_Z9 544154 6046493 497 172° -58° 452.9
RCKD-24-004 NAD83_Z9 544147 6046492 497 270° -60° 395.0
RCKD-24-005 NAD83_Z9 543255 6046535 569 210° -69° 507.8
Figure 6: Geology Interpretation Cross Section A - B (Figure 3) Drill holes RCKD-24-001, 002, 005 - looking
northeast
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Figure 7: Alteration Interpretation Cross Section A - B (Figure 3) Drill holes RCKD-24-001, 002, 005 - looking
northeast
Drill hole RCKD-24-001 (DH001) Azimuth 252 deg, Dip -60°
DH001 tested the Kendal alteration system collared from fly-in drill p ad 06 on the east side of
Kendal Creek (Figure 3). Drilling encountered interlayered, porphyritic andesite, medium-grained
phaneritic andesitic flows and volcaniclastics of the Early Jurassic Telkwa Formation , cut by
multiple diorite and microdiorite porphyry intrusions that are subsequently cut by intra -mineral
quartz diorite and late -mineral feldspar porphyry dikes (Figure 6). Porphyry intrusions and host
andesitic volcanics have undergone intense propylitic (chlorite -epidote-carbonate-pyrite)
alteration and silicification, overprinted by sericitic (QSP) and sericite -chlorite ± clay (SCC)
alteration at deeper levels (Figure 7). This alteration suite is interpreted to be within the shell of a
mineralized copper-molybdenum calc-alkaline porphyry system.
Table 2 Drill results from Kendal Project RCKD-24-001 - previously released
Hole ID
From To Interval Cu
Grade
Mo
Grade
Ag
Grade
CuEq*
Grade Az Inc
TD
(m) (m) (m) (%) ppm ppm (%) (m)
RCKD-24-001 7.80 601.7 593.9 0.051% 58.5 0.43 0.098%
252 -60 601.7
including 368.0 491.0 123.0 0.082% 103.8 0.44 0.162%
Copper Equivalent (CuEq) shown in the Table above are calculated on a basis of US$ 3.75/lb for Cu, US$ 25/oz for Ag and US$ 27.5/lb for Mo, with 80% metallurgical
recoveries assumed for all metals (i .e. no assumptions have been made for recoveries at this stage). 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]).
Link to complete core photo library for RCKD-24-001