It has also staked four properties, commissioned an airborne magnetic survey on its recently acquired Moffat property and cleared access roads on the Wildcat property.
Testing of the firm's new, highly mobile RC (reverse corculation) rig has been completed, where a total of eight shallow holes totaling 403 metres were sunk ranging from depths of 27.5 metres to 94.5 metres.
No significant copper mineralization was encountered, the firm added.
"Exploration targets at the Red JV property remain, but we are moving on to other projects in our portfolio," said Brad Peters, president and chief executive officer.
"We are pleased with the performance of our RC drill and crew. Our ability to rapidly and cost-effectively test targets is central to our strategy and allows us to test a large number of targets and prioritise future exploration programs."
Elsewhere, staked is the 4,090 hectare Moffat property around 56km east of Williams Lake and 35 km northeast of the village of Lac La Hache in south-central British Columbia
The claims cover the northeast portion of a prominent airborne magnetic anomaly within the Quesnel Terrane. The Quesnel Terrane is host to several large tonnage copper-gold porphyry deposits.
Also, the Bulkley Initiative, where targets are being developed for exploration this year, consists of three properties totaling 5,070 hectares in central British Columbia.
The properties were staked to cover intriguing airborne magnetic signatures with coincident anomalous copper-molybdenum-gold soil geochemistry.
Meanwhile, following the acquisition of the Moffat property, an airborne magnetic survey was commissioned in addition to completing reconnaissance of access roads. A total of 208 line-km is planned at line spacings of 200 metres over the entire property.
At the Wildcat property, in preparation for the upcoming 2018 RC drill program access roads have been cleared to gain a head-start on summer exploration activities.
The firm aims to mobilise the drill crew to the Wildcat Property in one week.
The 5,826 hectare Wildcat Property lies around 10km to the southwest of Centerra Gold's currently producing Mount Milligan Copper-Gold Mine in central British Columbia.