Drilling At The Peak Copper-Gold Project
VANCOUVER - Red Canyon Resources Ltd. has commenced diamond drilling on the Peak Project in central British Columbia. The Company is focused on impactful, value-add exploration to make discoveries of copper and copper-gold deposits in established mineral belts in North America.
The Peak copper-gold project in central British Columbia has multiple copper- gold targets highlighted by magnetic features, coincident Induced Polarization (IP) anomalies and elevated copper geochemistry. Peak represents a 6,560-hectare, strategic land position situated in a coppergold district with active large scale mining operations nearby and excellent infrastructure. This initial program, of up to 2,000m of diamond drilling, will consists of 2-6 drill holes to test a series of high priority copper-gold porphyry targets.
The Company’s main priority is to test Peak Central. A previous IP survey at Peak Central outlined a large chargeability zone and a deep resistive centre, west of outcropping copper bearing porphyritic rocks grading up to 2% copper. Peak project represents a series of complex magnetic highs and lows spanning approximately 15km of interpreted Quesnellia Island Arc Terrane. The Company has identified four additional priority targets, north of Peak Central with IP chargeability highs coincident with elevated copper geochemistry and interpreted intrusion related magnetic features.
Wendell Zerb, Chairman and CEO, said, "We are excited for this first phase drill program largely targeting the Peak Central zone. This intriguing area has complex magnetic features in combination with widespread elevated copper soil geochemistry, copper in porphyritic outcrops, impressive IP chargeability and resistivity targets. These coincident features, in combination with outstanding infrastructure, make this an excellent, high-priority copper-gold porphyry target.”
The Peak property is located in the Cariboo region of south-central British Columbia, approximately 30 km NE of the City of Williams Lake. Peak is a large, 100% owned 6,560-hectare, strategic land position situated in a copper-gold district with active large scale mining operations and excellent infrastructure. The Project is located approximately 28 km southwest of the Mount Polley copper-gold mine and 20 km southeast of the Gibraltar copper-molybdenum mine.