On June 8, 2026 Red Canyon announced that exploration activities, including diamond drilling, have commenced at its 100% owned Osiris copper–gold project located in central British Columbia.
Beyond the Headline
On June 8, 2026 Red Canyon announced that exploration activities, including diamond drilling, have commenced at its 100% owned Osiris copper–gold project located in central British Columbia. The Company plans to drill test a series of priority copper-gold targets within the Osiris project area. The Osiris targets are located approximately 35 km west-southwest of Centerra Gold’s Mount Milligan copper-gold mine, and form part of the Company’s larger Inzana Project area.
Exploration programs completed in 2025 and 2026 identified several priority zones with the potential to host alkalic copper-gold mineral systems. Induced polarization (IP) geophysical surveys are underway and expected to further refine and enhance previous target modelling.
An approximate 2,500-metre diamond drilling program consisting of up to 8 drill holes has commenced, initially testing multiple areas at the Camp target. Historical drill hole 91-2 at Camp intersected 127.4 m grading 0.18% copper with anomalous gold values. The Company interprets this intercept as potentially representing the peripheral expression of a copper-gold porphyry system.
In addition to the diamond drilling, rotary scout drilling totalling up to 1,500 m is planned to test several covered targets that have not previously been drill tested.
Comments
The Camp target on the Osiris copper-gold project in central British Columbia is considered by Red Canyon as the highest priority target based on its favourable regional geological and structural setting, complex magnetic signature, the presence of copper-gold mineralization in drill core and at surface and coincident IP chargeability and resistivity anomalies. The planned drilling will follow-up on encouraging historical drill results, including an intercept of 127.4 metres grading 0.18% copper.
Based on characteristics present in other well-documented alkalic copper-gold systems, Red Canyon believes that this historical intercept may represent a peripheral expression of potentially higher-grade copper-gold mineralization at Camp. In addition, several covered target areas exhibiting geophysical signatures similar to those at Camp have been identified.
The Company has completed extensive baseline geological, geophysical and geochemical work to outline the drill targets to be tested. This drill program will be an initial test of what has the potential to develop into a major copper-gold porphyry district.