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BRS Resources Says Drilling and Airborne Geophysical Surveying to Begin at Cowtrail Property; Shares Up 16%

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BRS Resources (BRS.CN) shares rose 17% after the company on Wednesday said it is launching a field program at the Cowtrail Copper-Gold Porphyry project in British Columbia.

Cowtrail is a 4,717-hectare copper-gold project contiguous with the Woodjam and Redgold copper-gold porphyry projects owned by Vizsla Copper (VCU.V). It is located 20 kilometers southeast of the operating Mount Polley Mine owned by Imperial Metals (III.TO) and shares many geological attributes with this deposit, it said.

The company plans 1,500 meters of drilling on targets identified in 2023 and 2025. Drilling is expected to start in about two weeks, the company said.

Shares of the company were last seen up $0.035 at $0.245 on the Canadian Securities Exchange.

Price: $0.25, Change: $+0.04, Percent Change: +16.67%

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