Red Canyon drilling confirms Kendal copper-moly discovery in British Columbia

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Red Canyon Resources has confirmed a copper-molybdenum discovery from drilling on its Kendal project in British Columbia. Credit: Red Canyon Resources

Drilling consistently intersected altered and mineralized porphyritic rocks, marking this as the first confirmation of a porphyry system in the Kendal area, Red Canyon said. Initial results from the first hole, RCKD-24-001, showed continuous copper equivalent grading at 0.1% from surface down to 601.7 metres, including a 123-metre stretch grading at 0.16%.

Red Canyon shares achieved an intra-day high of C$0.195, before settling at 18.5¢ in afternoon trading. It has traded between C$0.17 and C$0.195 over the past 12 months. It has a market capitalization of C$8.5 million. Located 25 km northeast of Terrace, the project has access to established infrastructure, including road access, four intersecting highways, hydroelectric power, rail corridors, and a port facility 120 km west at Prince Rupert.

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