Red Metal Resources Ltd. (OTCBB:RMES) reports that it has staked a new exploration claim at its Farellon copper-gold project, Cordillera, Chile.
The press release is quoted as saying:
Red Metal’s new claim is 300 hectares (741 acres) and borders its present claim to the south covering an additional one kilometer strike extent of the Farellon mineralized zone. Following the addition of this exploration claim, Farellon comprises 1096 hectares (2708 acres) of mining and exploration claims. The new claim is an area that requires additional permitting from the Chilean government for mining activities.
Red Metal’s President, Caitlin Jeffs, P.Geo. says:
“With the addition of this new ground at Farellon, we have improved on what we already believe is a fantastic land package in the highly desirable Candelaria IOCG belt. We are keen to perform more work at the project and expand on historical results.”