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Red Canyon Resources to Commence ZTEM Survey at Scraper Springs Copper Project
Vancouver, British Columbia — May 11, 2026 — Leads & Copy — Red Canyon Resources Ltd. is set to begin a helicopter-airborne ZTEM Electromagnetic system survey at its Scraper Springs copper project in northern Nevada. The survey, covering 406-line km, is expected to be completed by mid-May 2026.
The company has engaged Geotech Ltd. to conduct the large-scale ZTEM survey over its 100%-owned Scraper Springs copper project. The project is located approximately 125 km from Winnemucca and Elko.
Red Canyon previously expanded its geophysical understanding of Scraper Springs by completing deep-penetrating IP geophysical lines, a gravity survey and magnetic inversion studies. The company initiated this ZTEM survey to further the interpretation of the sub-surface alteration and geological architecture at Scraper Springs, to further refine drill targets and to identify new target areas.
Scraper Springs hosts a 4 by 4 km alteration footprint comparable in scale to some of the world’s largest copper deposits. According to Red Canyon, volumetrically significant hypogene alunite and pyrophyllite alteration together with late zunyite alteration in high-temperature outflow/feeder zones indicate potential for Scraper Springs to host an upgraded potassic core (1% Cu), as seen at the Resolution deposit in Arizona and the Oyu Tolgoi mine in Mongolia. Scraper Springs has not been previously drill tested for its copper porphyry potential.
Wendell Zerb, the Chairman and CEO of the Company, said the ZTEM data will provide a three-dimensional image of the Scraper Springs project area. The goal is to use the differences in the apparent electrical conductivity of the various lithologies to assist in mapping the subsurface at Scraper Springs to better define existing drill targets and identify new areas of interest. Zerb added that the infrastructure at Scraper Springs is excellent, adding considerable margin upside should future drilling outline an economic copper system.
Red Canyon has a portfolio of seven 100%-owned projects in British Columbia and Nevada. High priority projects include Kendal in west-central British Columbia, Inzana in central British Columbia and Scraper Springs in northeast Nevada.
Previous operators at Scraper Springs mostly targeted shallow, high-grade gold systems or Carlin-related gold systems. A reinterpretation of the alteration and geology at the Project by Red Canyon suggests high-temperature, low-pH clays and Eocene-aged intrusions at Scraper Springs could be associated with a large-scale copper system.
ZTEM is a helicopter airborne EM system which uses the natural or passive fields of the Earth as the source of transmitted energy. The system is known for its depth of investigation outlining characteristic changes in resistivity that can be interpreted for geological modeling purposes.
Red Canyon has previously completed a series IP geophysical survey on the Project and several features identified represent chargeability highs corresponding with conductive zones (low resistivity). The central area of Scraper Springs is represented by a 10 by 5 km north – south trending moderate gravity high. This high is interpreted to represent an uplifted area outlining an intrusive complex likely associated with causative intrusions responsible for the large hydrothermal alteration footprint at Scraper Springs.
Fathom Geophysics completed a Magnetic Vector Inversion study on the Scraper Springs 2005 ground magnetics survey data. Fathom identified that the moderate magnetic high central at Scraper Springs is associated with the North and South intrusive stocks, which appear to coalescence into a larger intrusive complex at depth.
Based on geological and alteration mapping, the Company believes that the Scraper Springs area is underlain by a large intrusive complex with causative intrusions responsible for the large 4 by 4 km hydrothermal alteration cell seen at surface. The alteration footprint is characterized by widespread distribution of an advanced argillic mineral assemblage that indicates formation from hot, acidic and oxidized fluids.
One historical RC drill hole SC-01 completed by Cordex Exploration in 2004, located approximately 1.5 km east of a chargeability target, intersected propylitic alteration and anomalous copper mineralization with values of 0.17% copper over 10.6 metres from 538.0 m to 548.6 m. This zone is interpreted to be distal skarn mineralization potentially related to a porphyry system.
The Company, together with independent consulting geologist Dr. Michael Sepp, has reviewed Scraper Springs geophysical data, geological and alteration mapping, geochemical data and hyperspectral work. According to the release, Dr. Sepp is considered an expert in high temperature minerals (zunite and pyrophylite) associated with porphyry systems.
Some important conclusions developed previously and through Dr. Sepp’s review work include:
- Scraper Springs has a Tier 1 size alteration cell (4 by 4 km) similar in scale to some of the world’s largest porphyry deposits.
- Favourable project magnetics with a large property scale magnetic low (hydrothermal alteration) and associated bullseye magnetic high.
- IP geophysics outline a series of large anomalies (chargeable and conductive zones) that underlie the favourable deep lithocap alteration.
- Large footprint of alunite alteration at Scraper Springs implies strongly-oxidized magmas, which are important in the development of porphyry systems worldwide.
- North and South stock diorite intrusions at Scraper Springs are reportedly the same age as Bingham Canyon in Utah (38 Ma).
- Strong, high-temperature zunyite alteration implies a high chlorine content in magmatic fluids favourable to porphyry formation.
- Late zunyite alteration in high-temperature feeders indicates potential for an upgraded potassic core (1% Cu), as seen at the Resolution deposit in Arizona and the Oyu Tolgoi mine in Mongolia.
- Surface alteration and indicator geochemistry imply the surface erosional level has exposed the base of the lithocap, suggesting potential preservation of a mineral system while also suggesting reasonable exploration target depths.
- Reprocessing of hyperspectral SWIR data discovered the presence of mixed muscovite and pyrophyllite in high-temperature feeder structures, characteristic of the lithocap-porphyry transition at: Yerington-USA, Pebble-USA, KSM-Canada, Oyu Tolgoi-Mongolia, Far Southeast-Lepanto-Philippines, El Salvador-Chile, Los Helados-Chile, Valeriano-Chile.
- One historical deep drill hole approximately 1.5 km east of the current target area intersected propylitic alteration and anomalous copper mineralization with values of 0.17% copper over 10.6 m. This drill intercept may represent distal skarn mineralization potentially associated with a porphyry system.
Red Canyon views Scraper Springs as an important, high-profile copper project with excellent discovery potential. Scraper Springs is considered drill ready but with additional data from the upcoming ZTEM survey, the Company expects current targets to be further refined and new targets potentially outlined.
Red Canyon is focused on exploring for copper and copper-gold related mineral systems within mining friendly jurisdictions in North America, with a particular focus on British Columbia and the Western United States.
The Company has granted 3,125,000 incentive stock options to directors, officers, employees and consultants of the Company. Each Option is exercisable to purchase one common share of the Company at a price of $0.20 for a period of five years, to vest over periods from immediately to six months from the date of grant. The Options are subject to the acceptance of the CSE.
Red Canyon is part of the NewQuest Capital group which is a discovery-driven investment company that builds value through the incubation and financing of mineral projects and companies.