Drilling consistently intersected altered and mineralized porphyritic rocks, marking this as the first confirmation of a porphyry system in the Kendal area, Red Canyon said. Initial results from the first hole, RCKD-24-001, showed continuous copper equivalent grading at 0.1% from surface down to 601.7 metres, including a 123-metre stretch grading at 0.16%.
The company’s chief geoscientist, Craig Hart, said the large-scale alteration footprint revealed in the drill core was an important metal way finder.
“The multi-generational veins and extensive mineralized system indicate a copper porphyry with a massive amount of fluid flow,” he said in a news release. “This gives us confidence in targeting a high-grade core.”
Red Canyon shares achieved an intra-day high of C$0.195, before settling at 18.5¢ in afternoon trading. It has traded between C$0.17 and C$0.195 over the past 12 months. It has a market…
