Red Metal Resources Ltd. (OTCBB:RMES) reports that it has purchased the Perth property situated in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile.

The press release is quoted as saying:

The Perth Property is adjacent to the west side of the historic Carrizal Alto mine and lies approximately 3.5 kilometers north of Red Metal’s Farellon project. It is a 45 minute drive from Vallenar city, with major road access, power and water supply close by. The project lies on a similar geologic contact as the Farellon and Carrizal Alto properties.

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