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NovaRed Mining Advances Drill Targeting at Wilmac with Acquisition of Historical Geophysical and Geochemical Data
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2026) - NovaRed Mining Inc. (CSE: NRED) (OTCQB: NREDF) ("NovaRed" or the "Company") is pleased to annou
About this update from Novared Mining Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 15, 2026) - NovaRed Mining Inc. (CSE: NRED) (OTCQB: NREDF) (\"NovaRed\" or the \"Company\") is pleased to announce that it has acquired historical exploration data for the Wilmac Copper-Gold Project (the \"Project\" or the \"Property\") from the optionor of the Property. The data, generated by the previous optionee in 2024, includes geochemical and geophysical datasets that the Company plans to integrate into its geological model to support drill target identification ahead of the planned 2026 geophysical survey program. The acquired data package comprises: a soil sampling program conducted on the North Lamont target area of the Project; and a Volterra 3DIP/AMT (induced polarization / audio-magnetotelluric) geophysical survey comprising seven lines spaced at 300-metre intervals. The acquired geophysical survey combines induced polarization (IP) chargeability with audio-magnetotelluric (AMT) resistivity measurements, techniques commonly used in porphyry copper-gold exploration to identify chargeable zones and map subsurface conductivity contrasts at depth. The Company believes these datasets, together with its existing geological and structural data, will assist in refining target areas ahead of drilling. \"Acquiring this data package is a positive step for the Wilmac Project,\" said Brian Goss, Chief Executive Officer of NovaRed Mining Inc. \"The 3DIP/AMT survey and soil geochemistry from the North Lamont area give us additional information to work with as we plan the 2026 geophysical survey and move toward identifying drill targets.\" The Company's 2026 exploration program at Wilmac, as outlined in its news release dated March 11, 2026, includes a geophysical survey program. Following integration and interpretation of the historical and new datasets, NovaRed intends to identify drill targets at the Project. Qualified Person The scientific and technical information in this news release has been reviewed and approved by Rick Walker, P.Geo., a Qualified Person as defined by National Instrument 43-101. Mr. Walker is not independent of the Company within the meaning of NI 43-101. About NovaRed Mining Inc. NovaRed Mining Inc. (CSE: NRED) (OTCQB: NREDF) is a mineral exploration company focused on the identification, acquisition, exploration and development of copper-gold porphyry p...