Business
NovaRed Mining: Historical 3DIP/AMT Survey Outlines Twin Intrusive Centres and Pipe-Like Porphyry Targets at NovaRed Mining's Wilmac Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - NovaRed Mining Inc. (CSE: NRED) (OTCQB: NREDF) ("NovaRed" or the "Company") is pleased to
About this update from Novared Mining Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - NovaRed Mining Inc. (CSE: NRED) (OTCQB: NREDF) (\"NovaRed\" or the \"Company\") is pleased to report results from a combined Induced Polarization / Audio Frequency Magnetotelluric (\"IP/AMT\") geophysical survey completed in late October 2024 by the previous optionee on the Lamont Grid of the Company's optioned Wilmac copper-gold project (the \"Project\"). The Project is 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. The survey data was acquired by the Company as part of the historical exploration database disclosed in its news release dated April 15, 2026, and the results have not been previously released. The 3DIP/AMT survey is interpreted to outline two parent intrusive bodies underlying the Lamont Grid, each with multiple pipe-like features extending upward toward surface that are interpreted as potential porphyry centres. The two interpreted intrusive bodies coalesce with depth into larger volumes and are interpreted to represent separate magmatic pulses within a composite intrusive complex. Anomalous copper-in-soil values returned on trend to the north on the North Lamont grid — to a maximum of 1,125 ppm copper — correlate broadly with near-surface chargeability and deeper conductivity anomalies on the eastern portion of the survey area, providing independent geochemical support for the geophysical interpretation. \"This historical 3DIP/AMT dataset, combined with the soil geochemistry we reported earlier this month, strengthens the geophysical and geochemical case for blind, multi-phase porphyry copper-gold mineralization on the western portion of our Wilmac project,\" said Brian Goss, Chief Executive Officer of NovaRed Mining Inc. \"Two distinct intrusive centres, each with pipe-like features extending toward surface, are the kind of signature we would expect over a composite porphyry system — and the corroborating copper-in-soil anomalies on the eastern portion of the grid add weight to the targeting interpretation. The Lamont Grid is contiguous with two of our proposed 2026 IP/AMT survey areas, so these results feed directly into the design and target prioritization of the 2026 program.\" The Lamont Grid is contiguous ...