u/AccidentalVillager

▲ 2 r/Wallstreetbetsnew+1 crossposts

The Next Big NovaRed Catalyst Isn’t Another Soil Sample. It’s IP/AMT

For NovаRed Mining (CSE: NRED / OTCQB: NREDF), the next important step is probably not another headline soil result.

It’s geophysics.

Specifically:

  • IP surveys (Induced Polarization)
  • AMT surveys (Audio Magnetotellurics)

Why does that matter?

Because North Lamont already has several layers of encouraging data:

  • Copper in soils up to 379 ppm
  • Western cluster averaging 209 ppm copper
  • Magnetic anomalies
  • Elevated Sr/Y signatures
  • Elevated V/Sc ratios

The next question is whether those surface signals connect to a larger buried system underneath.

That’s exactly what IP and AMT are designed to help test.

In simple terms:

  • IP can help identify chargeability zones often associated with sulfides
  • AMT can help map deeper resistivity structures and intrusive systems

North Lamont is currently considered a moderate-priority drill target, but NovaRed has already said the ranking could potentially move higher after IP/AMT interpretation.

Another important detail:

the company already received “No Permit Required” authorization for portions of its 2026 geophysical work program, which helps accelerate timelines.

Scale also matters here.

Wilmac now spans:

  • 39,700+ acres
  • About 250 square miles
  • Roughly 30,000 football fields
  • About 2.7x Manhattan

And location matters too:

the project sits roughly 6 miles west of Hudbay’s producing Copper Mountain Mine in BC’s Quesnel porphyry belt.

Then there’s the AI angle.

MetalCore, NovaRed’s public-facing mineral prospectivity platform, is exactly the type of workflow where AI-assisted systems can integrate:

  • Geochemistry
  • Magnetics
  • Geophysics
  • Historical deposits
  • Structural geology
  • Mining claims

NovaRed also recently added Gregory Fedun to its advisory board, bringing 30+ years of strategic development and capital markets experience.

NRED stock is already up about 3,000% over the past year, so clearly the market is watching.

Now the focus shifts to whether IP/AMT confirms the broader pattern.

Because North Lamont doesn’t really need another flashy number anymore.

It needs the next dataset.

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u/AccidentalVillager — 2 days ago

What NRED Actually Found At North Lamont - And Why It Matters

A lot of people saw NovaRed’s (NRED) latest North Lamont news release and probably skipped over it because it was “just soil samples.”

But the actual results are more interesting than they look at first glance.

The company completed a soil geochemistry program across the North Lamont target in British Columbia and identified multiple copper, gold, silver, and molybdenum anomalies spread across a broad area.

Some of the standout numbers included:

  • Copper values up to 1,068 ppm Cu
  • Gold values up to 0.44 g/t Au
  • Silver values up to 7.5 g/t Ag
  • Molybdenum values up to 36.5 ppm Mo

For early-stage surface sampling, those are solid numbers - especially because they appear together as part of the same geochemical system.

And that’s the important part.

Porphyry deposits usually aren’t discovered from one crazy high-grade sample. What geologists actually look for is a large footprint with multiple related metals appearing together over a wide area.

That’s exactly what NRED seems to be seeing at North Lamont:

  • Copper + gold + silver + molybdenum together
  • Multiple anomalous zones
  • Broad surface footprint instead of one isolated point

The company also noted the anomalies remain open in multiple directions, meaning the mineralized trend may extend beyond the current sampling grid.

Geologically, this matters because the project sits within British Columbia’s Interior Plateau Porphyry Belt - a known copper-producing trend associated with major porphyry systems.

These deposits can become very large-tonnage systems if drilling eventually confirms mineralization at depth. Most of the world’s biggest copper mines started with surface geochemical anomalies exactly like this before moving into geophysics and drilling.

Another thing worth noting:

North Lamont isn’t being explored randomly. The company is layering:

  • Soil geochemistry
  • IP and AMT geophysics
  • Structural targeting
  • Regional geology

into one exploration model before drilling.

That’s usually a much more systematic approach than juniors simply chasing isolated assays for headlines.

But broad multi-element anomalies inside a known BC porphyry belt are exactly the kind of early indicators companies hope to see before advancing toward drill targeting.

u/AccidentalVillager — 3 days ago

NovaRed’s move to expand the Wilmac project through the Trojan-Condor option is one of those updates that can look routine, but actually changes the strategic picture quite a bit.

At a basic level, they’re increasing their land position. But in exploration, it’s not just about size, it’s about control over a geological system. If you believe you’re targeting a porphyry system, those systems don’t respect property boundaries.

So expanding the footprint is essentially NovaRed saying they see potential for something larger than a single isolated target.

That matters because discoveries in these systems often come down to scale. A small footprint can limit optionality. A larger, consolidated land package gives you more room to define the system properly and follow it if mineralization extends.

It also fits directly into the de-risking ladder discussion. Before drilling, one of the key steps is making sure you actually control enough ground to test the full target.

So this isn’t just “more land.” It’s increasing the probability that if something is there, NovaRed can actually capture the upside.

NFA

u/AccidentalVillager — 13 days ago

There’s a bit of a disconnect right now between sentiment data and actual price action in copper. On one hand, positioning isn’t particularly aggressive, but on the other hand, the price itself has been trending higher in a pretty steady way.

According to Trading Economics, copper is sitting around $5.90 per pound, up roughly 8% over the past month and close to 30% year over year. Their models even point toward something like $6.16 in the near term if current conditions hold.

What’s interesting is how that translates into behavior in the equity side of the market. You don’t necessarily need euphoric positioning for juniors to start working. Sustained high pricing alone can be enough to keep interest alive.

For NovaRed, that kind of price environment is supportive even without any company-specific news. Higher copper prices increase the perceived value of any potential discovery, which in turn makes exploration more relevant in the eyes of both investors and potential acquirers.

So even if the market doesn’t feel overheated, the underlying price level is doing quiet work in the background. And historically, that’s often how these moves start, with price leading and sentiment catching up later.

Not Advice

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u/AccidentalVillager — 15 days ago