Star Copper (STCU.CN) started its 2026 exploration and drill campaign at its flagship Star Project in British Columbia, it said on Tuesday.
The company said it is mobilizing on its previously announced fully funded 15,000-meter drill program at the project. With over $15 million cash-in-hand, the program will "double the historic number of meters drilled with the goal of producing a maiden resource as well as testing its nested porphyry hypothesis," it said.
Four drill platforms have been fully constructed, and the drill has been mobilized to the first pad located within the Star East target area, where drilling is expected to commence this week. The company expects the first part of the drill campaign to be followed by expanded drilling activities and additional geophysical surveys, including planned 3D IP and magnetotelluric surveys.
"We believe the initial drill holes have the potential to demonstrate the broader scale copper-gold potential of the Star Project beyond the historically drilled Star Main zone," said Star Copper chief executive Darryl Jones.
Shares of the company closed down 0.5% to $1.0 on Monday on the Canadian Securities Exchange.