Red Metal Resources Ltd. (OTCBB:RMES) reports that it has signed an agreement to purchase the Veta Negra property located in III Region Atacama, Chile.

The press release is quoted as saying:

The Veta Negra Property is 5,300 hectares (13,097 acres) in size consisting of eighteen exploration claims. Red Metal acquired a 100% interest in the eighteen exploration claims and concurrently signed an option agreement to purchase 100% of two mining claims totaling 44 hectares (108 acres) underlying the exploration claims.

Click here to access the entire news release.

Click here to access Red Metals’ company profile.(OTCBB:RMES)