Over 29,000 Ha Cu-Au porphyry project located in north central BC – 40 km south of the past producing Kemess Cu-Au mine and 200 km north of Smithers, BC
Extremely active south Toodoggone copper region of BC surrounded by both major mining companies and juniors including; Freepot McMoRan, Centerra Gold, Northwest Copper & Benchmark Minerals.
Option to earn up to 100% net a 2% NSR (right to purchase ½ of NSR) over 5yrs.
Exploration by Cominco (1969), BP Minerals (1984) and Gitennes (2004) comprised soil and rock geochemistry, IP surveys and limited shallow drilling.
Previous work outlined a large > 500ppm Cu in soil anomaly coincident with an open-ended chargeability anomaly.
Limited follow-up historic shallow drilling intersected moderate zones of porphyry-related mineralization over a 2 km footprint:
Drill hole 69-3 intersected 20 m @ 0.46% Cu1.
Drill hole R04-14 intersected 36.5 m of 0.26% Cu and 0.12 g/t Au1.
System remains underexplored along the 4.5 km NW-SE trend of anomalous Cu geochemistry.
Exploration targeting at Red will be greatly improved with modern porphyry exploration techniques being used for the first time including deep penetrating IP and deeper drilling.
2021 exploration commenced early summer 2021 – including mapping, sampling and drill targeting refinement.
Mutiple new zones discovered during 2021 including up to 14.5% Cu in outcrop at Overstall Zone.
2022 program will include IP geophysics and potential drilling.