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Red Canyon Resources Ltd. ( (TSE:REDC) ) just unveiled an update.
Red Canyon Resources Ltd. has commenced a diamond drilling program at its Kendal copper project in British Columbia, targeting the Kendal Ridge area, which is believed to be a copper porphyry center. The program, consisting of up to 8 drill holes totaling approximately 2,500 meters, aims to explore the most advanced and highest priority target within the large-scale Kendal hydrothermal system. The project benefits from excellent infrastructure, including proximity to highways, hydroelectric power, and port facilities, which could enhance project economics if exploration is successful.
More about Red Canyon Resources Ltd.
Red Canyon Resources Ltd. is a company focused on value-driven exploration to discover new copper and copper-gold resources in established mineral belts in North America. The company controls a portfolio of seven 100%-owned copper and copper-gold projects in British Columbia and the Western United States.
Average Trading Volume: 71,335
Technical Sentiment Signal: Buy
Current Market Cap: C$8M
For detailed information about REDC stock, go to TipRanks’ Stock Analysis page.