Wendell Zerb

Red Canyon - Osiris Project Drill Updates, Nautilus & Camp Target Developments

• Top takeaway Argues Nautilus has all the ingredients of a major copper-gold porphyry system — favorable host geology, magnetic features, copper anomalies in soils across 3.5x3.5 km, IP anomalies, and now auger-confirmed altered porphyry with chalcopyrite — calling it 'one of the best targets I've seen in a long time.'
• Plans a small fall drill program at Nautilus (after additional IP over the northern target) and intends to test the EV massive-sulfide EM conductor with one or two holes, while framing EV as high-risk, high-reward.
• Views Camp as a large, wide-open system — copper-in-soil extends ~2 km beyond the existing 2026 drill footprint — with assays pending to guide next year's program.
• Remains positive on Kendall: all 10 prior holes hit copper mineralization but missed the core of the system, and a 3D IP program is now underway to vector toward the heart of the porphyry.
• Flags Scraper Springs (Nevada) as a long-standing favorite copper porphyry target currently in 3D geophysics modeling, pre-drill stage.

Auger drilling across the Osiris project's five target areas returned altered porphyry with chalcopyrite-bearing quartz veins at Nautilus, sharpening the drill focus there. Red Canyon plans a small fall drill program at Nautilus alongside 3D IP, while Camp assays stay pending and soil copper extends 2 km north. The EV target, a large sub-vertical EM conductor Red Canyon's geophysical consultant sees as possible massive sulfides, will get one or two fall drill holes. Red Canyon's wider portfolio adds 3D IP at the Kendal copper project in BC and 3D modeling at the Scraper Springs porphyry in Nevada.

Red Canyon Resources - Osiris Project: Drilling Updates, Target & Land Package Expansion

• Top takeaway Argues the company has confirmed the Camp copper-gold system, citing visible copper in core from eight holes for ~2,100 meters and saying assays are pending
• Frames Nautilus Prime as showing a classic IP geophysical signature he wants to drill into fall, and pitches EV as a high-risk, potentially massive sulfide target backed by BC's strongest EM conductor
• Attributes the August 6 land expansion of 18 mineral claims northwest of Camp to a prospective belt with prior geophysics and geochemistry but limited drilling
• Describes a broader portfolio pipeline: Kendall (BC porphyry, exploration restarting), Scraper Springs (Nevada, geophysics being reanalyzed), and Atcheron Tez Zone (modeling for another drill program)
• States Red Canyon has $2.2M in cash after the current program, with Tech Resources disclosed as a 9.9% shareholder, and says the company is open to JV or earnings deals on any project

Camp target drilling at Red Canyon's Osiris returned visible copper and encouraging alteration, but assays remain pending to confirm a broader 2.7-km system. Nautilus Prime showed classic IP geophysics for porphyry mineralization; EV is a high-risk large EM conductor that could be sulfide or graphite. Red Canyon staked 18 new claims around the camp target on August 6, locking in underexplored ground along the Quesnellia arc. The CEO keeps all projects open to JV partners while pursuing a hybrid model of self-funding initial drilling on Kendall and Atcheron. Cash stands at about $2.2M; Tech Resources owns 9.9%; Red Canyon stays open to flow-through financings for future drill programs.

Red Canyon - Inzana Project Overview & Drill Plans, Potential Of 4 Copper Projects Drilled In 2026

• Top takeaway Argues the historic 124m @ 1.8% copper intercept at the Camp target signals Red Canyon is 'right beside' a much higher-grade alkalic copper-gold body, modeling magnetic and chargeable features to vector in.
• Frames the company as a 'hybrid model' — 100%-owned projects open to earn-in partnerships — noting active discussions with majors but no signed deal despite the Teck stake.
• Plans ~10 diamond holes and RC drilling under up to 50m of glacial till on a ~$750K-$1M budget, starting mid-May to early June once roads clear.
• Points to the ~$2.25M CAD cash position, then flags the need for additional capital, expressing confidence in raising it given copper near $6 and gold above $5,000.
• Highlights the broader pipeline beyond Inzana — Kendall (most advanced, with road, rail and power access), Scraper Springs (untested, in the Western US), and Acheron (target 'Tez', still modeling).

Red Canyon launches a 2,500m diamond drill program at the Osiris copper-gold target in central BC, plus up to 1,500m of RC drilling to test new targets. The drill program steps out from a 1990s hole returning 124m of 1.8% Cu, testing whether a higher-grade core sits nearby as at Australia's Cadia Ridgeway. Teck Resources holds a 9.9% stake in Red Canyon, providing major-company credibility while management retains optionality to pursue earn-in partnerships later. Cash on hand near CAD $2.25M funds the first program (~CAD $750K) while preserving optionality for follow-on raises in a strong copper market. Additional projects including the Kendall porphyry, Acheron, and Scraper Springs remain in the pipeline as part of a multi-target copper discovery strategy.