Definitive Exploration Lease and Option To Purchase Agreement At Scraper Springs

VANCOUVER - Red Canyon Resources Ltd. has entered into a definitive Exploration Lease and Option to Purchase Agreement with a private landowner on key private land at the Scraper Springs project in Nevada. This Agreement covers important internal and adjacent private blocks of land associated with the interpreted mineral system at Scraper Springs in northern Nevada. The Agreement includes full surface estate and partial mineral estate in fee lands situated within the Project area. Red Canyon retains the option to lease the property for a 30-year period and purchase the private land outright. The Scraper Springs copper project in northern Nevada hosts a 4 x 4 km alteration footprint comparable in scope to some of the world’s largest copper deposits. Interpretation of project geochemistry, geology and geophysics suggests Scraper Springs could potentially be associated with a large-scale copper system.  A deep penetrating IP geophysical line completed by Red Canyon has identified a large chargeable drill target starting at approximately 400m below surface.

Red Canyon is focused on impactful, value-add exploration to make discoveries of copper and copper-gold deposits in established mineral belts in North America. It controls a portfolio of seven 100%-owned, internally generated copper and copper – gold projects, four of which are drill ready.

Wendell Zerb, Chairman and CEO, said, "We are very pleased to have finalized this definitive Exploration Lease and Option to Purchase agreement. This Agreement consolidates high-value land associated with our Scraper Springs project, clearing a path to conduct important exploration work including diamond drilling.”