Red Canyon Completes Exploration Program at Osiris Copper-Gold Project
News related to:Red Canyon Resources Ltd · 3 min read
Red Canyon Resources Ltd. has completed an extensive exploration program at its 100% owned Osiris Copper-Gold Project in central British Columbia. The company's efforts, which included 31 truck-mounted auger drill holes and expanded soil geochemistry, have yielded promising results that could significantly expand the project's exploration footprint.
At the Camp target, 313 additional soil samples were collected to enhance the company's understanding of the mineral system identified through recent diamond drilling. Preliminary field portable X-ray fluorescence (pXRF) analyses have outlined a NNW-trending zone of anomalous copper and other porphyry-indicator elements extending more than 2.0 km from the recently drilled Camp Main area. This finding provides Red Canyon with a larger exploration area than previously recognized.
The Nautilus target, which is covered by significant glacial till, also showed encouraging results. The company collected 407 conventional soil samples over key areas of the 3.5 × 3.5 km complex magnetic feature. Preliminary pXRF field analyses have outlined a broad, large-scale zone of anomalous copper and other porphyry-indicator elements across multiple priority areas. A new area of interest at the northern end of the Nautilus magnetic feature has returned highly anomalous pXRF values in multiple copper porphyry-indicator elements, making it a new priority target for the company.
Red Canyon has engaged Scott Geophysics to expand the IP survey at Nautilus, including new lines over the northern magnetic features and areas of elevated preliminary geochemistry. This move is aimed at further defining the targets and determining the priority areas for future drill testing.
The Camp target, associated with an approximately 2.75 × 2.25 km NNW-trending magnetic feature, has been the focus of recent exploration. The Company completed eight diamond drill holes totalling 2,079 metres at Camp during the initial 2026 drill program, largely testing the Camp Main area. Based on geological observations from drilling, the Company interprets Camp to host an alkalic copper-gold mineral system with geological similarities to alkalic copper-gold systems elsewhere in British Columbia, including the Mount Polley and Mount Milligan systems.
The expanded IP coverage at Camp has outlined NNW-trending resistivity and chargeability features extending approximately 2.0 km from the Camp Main Zone. These features occur east of the pyroxenite intrusive complex and are parallel to a NW-trending, east-dipping structure interpreted to potentially represent a long-lived fluid pathway. The Company has also completed 313 additional soil samples to expand geochemical coverage around Camp and along the interpreted NNW-trending extension of the mineral system.
At Nautilus, the Company has identified a new high-priority target area at the northern end of the Nautilus magnetic feature, where preliminary pXRF analyses outline highly anomalous copper porphyry indicator elements that correlate directly with several distinct magnetic anomalies. This area, known as Nautilus North, is now a new focus for the company's exploration efforts.
Red Canyon Resources Ltd. holds a portfolio of seven 100%-owned projects in British Columbia and the western United States. The Osiris Project, located within the early Mesozoic-aged Quesnellia island arc terrane, is part of the larger Inzana project area. The area is bounded to the west by the NW-trending Pinchi Fault and includes interpreted NE-SW cross-arc structures that the Company believes may represent important structural pathways for the emplacement of porphyry systems.
The combination of geochemistry, magnetics, IP, and the geological information from the auger drilling is providing an increasingly compelling exploration model at Nautilus. The Company is expanding the IP survey to the north to further define these targets and determine the priority areas for future drill testing. These efforts are expected to provide valuable insights into the potential for copper-gold mineralization at the Osiris Copper-Gold Project.