Northwire Canada EditionWednesday, July 15, 2026
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WCU 0.010 +0.0% NTH 0.160 −3.0% GGM 0.035 +0.0% FG 0.035 +0.0% EFR 17.83 −4.1% IVN 10.66 −1.1% MASS 0.090 +0.0% LIF 26.69 −1.9% CPAU 0.155 +0.0% PTX 0.105 −4.5% VENT 0.160 +0.0% ANK 0.285 −1.7% ODV 3.36 −0.3% MINK 0.105 +0.0% ZEN 0.690 +7.8% LCE 0.250 +4.2% WCU 0.010 +0.0% NTH 0.160 −3.0% GGM 0.035 +0.0% FG 0.035 +0.0% EFR 17.83 −4.1% IVN 10.66 −1.1% MASS 0.090 +0.0% LIF 26.69 −1.9% CPAU 0.155 +0.0% PTX 0.105 −4.5% VENT 0.160 +0.0% ANK 0.285 −1.7% ODV 3.36 −0.3% MINK 0.105 +0.0% ZEN 0.690 +7.8% LCE 0.250 +4.2%
Drill Results Routine +

Red Canyon Commences Drilling at its 100% Owned Osiris Copper-Gold Project

Junior explorer advances multi-project copper-gold portfolio with strategic capital and on-schedule drilling execution.

By The Northwire Desk — AI Analysis Jun 08, 2026 · 06:30 REDC · 0.16 Red Canyon Resources Ltd.
Executive Summary
  • Red Canyon Resources Ltd. has officially commenced a ~2,500-metre diamond drilling program and up to 1,500 metres of rotary scout drilling at its 100%-owned Osiris copper-gold project in central British Columbia.
  • The primary target is the Camp area, focusing on historical mineralization interpreted as a peripheral expression of a copper-gold porphyry system.
  • Historical hole 91-2 previously intersected 127.4 metres grading 0.18% copper with anomalous gold, providing the geological rationale for the current program.
  • Induced polarization (IP) geophysical surveys and Magnetic Vector Inversion (MVI) modelling are actively refining priority targets across the property.
  • The company maintains a broader 2026 exploration pipeline, with planned geochemical/geophysical work and drilling at the Kendal project (starting July 2026) and expected ZTEM survey results from the Scraper Springs project in early Q3 2026.
  • Option agreements remain in place to acquire 539 additional hectares at Osiris and Acheron for $48,000 over three years, subject to a 1.25% NSR royalty.
Material Impact
  • The commencement of drilling is a standard, expected operational milestone for an early-stage exploration company.
  • It does not generate immediate revenue, alter profitability, or change the company's cash position.
  • The news validates management's execution of the previously announced 2026 exploration plan and confirms that field operations are proceeding as scheduled.
  • While positive for long-term optionality, the announcement lacks the surprise element or financial inflection point required to move the stock materially on its own.
REDC · Price
Company Overview
  • Red Canyon Resources is a junior exploration company focused on copper and copper-gold projects in British Columbia and the western United States.
  • Core assets include the 100%-owned Osiris project (BC), Kendal project (BC), and Scraper Springs project (Nevada).
  • The company targets alkalic copper-gold porphyry systems, which are historically associated with above-average grades and large-scale economic deposits.
  • Management, led by Chairman and CEO Wendell Zerb, is actively advancing multiple projects simultaneously using a combination of diamond drilling, rotary scouting, and advanced geophysical surveys.
Read the original news release →

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Red Canyon Outlines Drill Plans for Its 100% Owned Osiris Copper-Gold Project

Drill Results