RED CANYON RESOURCES LTD
British Columbia, Canada
Red Canyon: Geological Background
Red Canyon Resources (REDC · CF) · Nevada, USA
Large-scale copper-gold porphyry exploration target in northern Nevada, USA…
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Analysis by Bill Pearson, PhD, P.Geo
Updated Jul 30, 2026
- Large-scale copper-gold porphyry exploration target in northern Nevada, USA
- Interpreted to represent a large hydrothermal system associated with Eocene-aged intrusive activity similar in age to the major porphyry systems of the western USA.
- Scraper Springs hosts a 4km by 4 km alteration footprint comparable in scale to some of the world’s largest copper deposits.
- Potential to host an upgraded potassic core (>1% Cu), as seen at the Resolution deposit in Arizona & the Oyu Tolgoi mine in Mongolia.
- Currently carrying out 406-line km helicopter-borne ZTEM survey to further the interpretation of the sub-surface alteration & geological architecture, to further refine drill targets & to identify new target areas.
Figure 1
Source: Red Canyon Resources
Location – Scraper Springs Project
Figure 2
Source: Red Canyon Resources
Figure 3
Source: Red Canyon Resources
NEWS RELEASES
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Actual holdings will vary for each client or fund and there is no guarantee that a particular account will hold any or all of the securities discussed. All investing involves risk including risk of loss. Crescat target resource estimates (TSE) are based on internal modeling and geologic estimates, and include various assumptions based on analysis of geology, geophysics, geochemistry, historic drill assays, and metallurgical recovery data received to date. TSE are discounted based on drilling progress to date, an assessment of the management and technical team's strengths and weaknesses affecting their ability to advance the project, and environmental, local community, and government permitting risk factors. Estimates are displayed on a gold equivalent basis based on current price-to-gold ratios for silver, copper, and other metals if the primary metal is other than gold. Further drilling, assaying, resource modeling, and engineering studies will be required to determine whether Crescat's TSE can be reasonably expected to be achieved. Crescat's target resource estimates are updated monthly across the entire portfolio. Sources: Crescat Capital LLC, Bloomberg, Issuer. Expected profitability percentile is based on Crescat's geologic estimates of projected grades, recoveries, capex, and operational costs on the primary project compared to the universe of operating mines. This value does not project overall anticipated company profitability.