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

The KE Report Jan 29, 2026

Summary

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.

Wendell Zerb's takeaways

  • 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).