Business
NovaRed Mining Proposes to Advance Wilmac Copper-Gold Project with 2026 Geophysical Program
Vancouver, British Columbia--(Newsfile Corp. - March 11, 2026) - NovaRed Mining Inc. (CSE: NRED) (OTCQB: NREDF) ("NovaRed" or the "Company") announces that it has received "No Permit Required" authorizations for four combined Induced Polarization / Audio-Magnetotelluric ("IP/AMT") geophysical surveys on its 100%-optioned Wilmac copper-gold project ("Wilmac" or the "Project"), located within the Quesnel porphyry belt in the Similkameen Mining Division of British Columbia, approximately 10...
About this update from Hudbay Minerals Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 11, 2026) - NovaRed Mining Inc. (CSE: NRED) (OTCQB: NREDF) ("NovaRed" or the "Company") announces that it has received "No Permit Required" authorizations for four combined Induced Polarization / Audio-Magnetotelluric ("IP/AMT") geophysical surveys on its 100%-optioned Wilmac copper-gold project ("Wilmac" or the "Project"), located within the Quesnel porphyry belt in the Similkameen Mining Division of British Columbia, approximately 10 kilometres west of Hudbay Minerals Inc.'s producing Copper Mountain Mine.","length":630,"tagName":"p"},{"type":"text","content":"Proposed 2026 Program","length":21,"tagName":"p"},{"type":"text","content":"The proposed 2026 program will include four geophysical surveys on four survey grids - North Lamont, West Lamont, Wilmac, and Plume - designed to systematically expand and infill the Company's geophysical coverage along Lamont Ridge (See Figure 1). Two of the four surveys (North Lamont and West Lamont) will be merged with the previously completed Lamont survey to create a single, integrated dataset covering the interpreted alteration and mineralized halo of the western portion of the West Lamont Intrusive Complex. A third survey will complete the Wilmac survey, which the Company partially completed in November 2025. The fourth survey, Plume, targets two separate and extensive iron carbonate-silica alteration zones approximately four kilometres to the south-southwest of the Wilmac survey.","length":802,"tagName":"p"},{"type":"text","content":"The combined IP/AMT survey method provides both near-surface chargeability mapping (IP) and deep resistivity imaging to depths exceeding 1,500 metres (AMT), enabling the Company to evaluate porphyry copper-gold targets from surface to significant depth across the survey area.","length":276,"tagName":"p"},{"type":"text","content":""The 2026 geophysical program represents a significant step forward in systematically evaluating the porphyry copper-gold potential along Lamont Ridge," said Brian Goss, Chief Executive Officer. "Building on encouraging results from the initial Lamont survey - which identified chargeability anomalies spatially associated with anomalous copper mineralization in surface soil and rock samples - these fo...