With assets located in a historic copper mining district in Chile that boasts high-grade mineralization and low-cost operations, Red Metal Resources (CSE:RMES) is well-positioned to benefit from Chile’s globally significant copper sector.
The company holds 3,278 hectares across 21 secure mining claims within the Carrizal Alto mining district in the prolific Coastal Cordillera. The Carrizal property comprises two projects - Farellon and Perth - located in an area with a rich copper and gold production history.
The Carrizal Alto district provides a favorable geographic position located at a low elevation of around 500 meters above sea level, reducing the logistical challenges often associated with exploration in higher-altitude regions. The district is also well-connected by infrastructure, including highways and proximity to major urban centers. Red Metal Resources' property is situated just 150 kilometers south of Copiapó, 25 kilometers from the coast, and only 20 kilometers west of the Pan-American Highway. This close access to infrastructure allows for easier transportation of equipment and supplies, as well as streamlined access to labor and other resources.
Red Metal Resources enhances its portfolio of clean energy exploration projects with the acquisition of three mineral claim packages contiguous to Quebec Innovative Materials Corp.'s (QIMC) recent hydrogen sample discovery of over 1,000 ppm. The claims are located within the Timiskaming Graben formation covering 19 cells and totaling over 1,100 hectares. Red Metal Resources intends to begin initial exploration and field work that could include a soil gas survey, geophysical surveys and fieldwork in the municipality of St-Bruno-de-Guigues sector.
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With assets located in a historic copper mining district in Chile that boasts high-grade mineralization and low-cost operations, Red Metal Resources represents a compelling investment opportunity and lots of potential for increasing shareholder value.
Red Metal Resources (CSE:RMES) is a Canadian-listed junior mining company specializing in copper exploration, with a particular focus on Chile’s Carrizal Alto mining district in the Atacama Region. The company’s exploration targets, mainly the Farellon and Perth projects, are well-positioned to benefit from Chile’s globally significant copper sector.
Chile is the largest producer of copper worldwide, accounting for nearly 28 percent of the global supply. Given the country’s favorable mining policies, experienced workforce, and well-established infrastructure, Red Metal Resources is well-placed to leverage these advantages as it advances its projects in this prolific region.
The company's Carrizal property comprises two key project areas: the Farellon project in the south and the Perth project in the north. The renowned Carrizal Alto mining district has a rich history of copper and gold production dating back to the 19th century. Historically, the district was one of Chile’s most productive copper regions, situated within Chile’s prolific Coastal Cordillera belt, which boasts high-grade copper mineralization and low-elevation, cost-effective operations. Red Metal Resources is working to rejuvenate Carrizal’s legacy by bringing modern exploration techniques to the region’s underexplored deposits.
Red Metal Resources entered into a letter of intent (LOI) to acquire a 100 percent interest in three separate packages of mineral claims directly contiguous to Quebec Innovative Materials' recent hydrogen sample discovery of over 1,000 ppm. The claim blocks, located within the Timiskaming Graben formation, consist of three separate packages, covering 19 cells and totaling over 1,100 hectares to the North, Northeast and Southwest of QIMC's Hydrogen sample discoveries.
The company intends to begin initial exploration and field work that could include:
Red Metal Resources’ management team brings together a blend of technical and business expertise, driving the company toward its goal of contributing to the growing global demand for copper and clean energy transition. The company also benefits from a board of directors and advisors with substantial experience in capital markets, exploration, and the Chilean mining industry. This combination of technical expertise and business acumen is critical for Red Metal Resources as it seeks to advance its projects from exploration to potential production.
The Carrizal Alto mining district, located in Chile’s Atacama Desert, is known for its mineral wealth, particularly copper, gold and cobalt. The district's mining history dates back to the early 19th century when it became one of the most important copper production regions in Chile.
One of the key advantages of the Carrizal Alto district is its favorable geographic position. The area is located at a low elevation of around 500 meters above sea level, which reduces the logistical challenges often associated with exploration in higher-altitude regions. Additionally, the district is well-connected by infrastructure, including highways and proximity to major urban centers. The property is situated just 150 kilometers south of Copiapó, 25 kilometers from the coast, and only 20 kilometers west of the Pan-American Highway. This close access to infrastructure allows for easier transportation of equipment and supplies, as well as streamlined access to labor and other resources.
The Carrizal Alto district offers a blend of historical mining data and modern exploration potential. While the region was heavily mined in the 19th and early 20th centuries, much of the area remains underexplored using modern methods. Today, the district is experiencing a revival, thanks in part to Red Metal Resources’ exploration efforts. The company’s Carrizal property spans 3,278 hectares, comprising 21 secure mining claims, and comprises two projects: Farellon and Perth.
The Farellon project is Red Metal Resources’ flagship asset, located in the southern portion of the Carrizal Alto mining district. The project is a high-grade iron-oxide-copper-gold vein deposit that has been the focus of much of the company’s exploration activities. The mineralization at Farellon is primarily hosted in quartz-calcite veins that contain chalcopyrite, bornite and chalcocite sulphide mineralization. These veins range from 3 to 6 meters in width, with a halo of lower-grade mineralization extending 15 to 20 meters around the veins.
Farellon is located adjacent to the historic Carrizal Alto mine, one of Chile’s most prolific copper mines during the 19th century. The mineralized veins on the Farellon property are believed to be part of the same geological structure that hosted the mineralization at the Carrizal Alto mine. Historical mining in the area provides valuable insights into the region’s geology, which Red Metal Resources is leveraging to guide its exploration strategy.
To date, the company has completed over 9,000 meters of drilling at Farellon, identifying a mineralized strike length of approximately 1.5 kilometers. The mineralization remains open along strike for an additional 3.5 kilometers, and at depth, indicating significant exploration upside. In 2022, the company completed a 2,010-meter diamond drilling program that extended the known mineralization at depth and identified a parallel structure, the Gorda Vein, which adds further exploration potential.
Recent surface geochemistry work has also highlighted several new targets for follow-up sampling and drilling. One high-grade sample, taken 2 kilometers north of the Farellon drilling, returned values of 5.77 percent copper, 1.55 percent cobalt, and 0.11 grams per ton (g/t) gold, further underscoring the potential for additional high-grade mineralization on the property. These exploration results position Farellon as a highly prospective project with the potential to develop into a significant copper-gold-cobalt resource.
The Perth project, located in the northern portion of the Carrizal Alto district, is Red Metal Resources’ second major exploration asset. The project holds considerable potential for copper-gold-cobalt mineralization. Perth is characterized by fault-related quartz veins that have been mapped and sampled across the property. Historical prospecting and mapping programs have identified 12 veins, with an average thickness of 2 meters and some zones reaching up to 6 meters in width.
Exploration at Perth has yielded promising results, with 48 surface samples returning gold values greater than 1 g/t, 46 samples returning copper grades exceeding 1 percent, and 19 samples showing cobalt values above 0.05 percent. These early-stage exploration results are encouraging and suggest that the Perth project has the potential to host significant copper-gold-cobalt mineralization.
Red Metal Resources plans to conduct additional exploration at Perth to better understand the extent of the mineralization and to prioritize drill targets for future campaigns. While the project is at an earlier stage compared to Farellon, it offers an important opportunity for the company to expand its resource base within the Carrizal Alto District.Caitlin Jeffs is a founding partner of Fladgate Exploration Consulting in Thunder Bay, Ontario, the largest, full service, mineral exploration consulting firm in Northwestern Ontario. She has over 20 years of mineral exploration experience in gold and base metal exploration with junior and major resource companies, including Placer Dome and Goldcorp. Jeffs is also a director of Kesselrun Resources and TomaGold.
John Da Costa has 30 years of accounting experience managing and reporting for Canadian public companies, and 10 years with US public companies. He worked with a Canadian public company operating in Chile in the late 1990s and has experience with Chilean subsidiaries. He is the founder and president of Da Costa Management, providing management and accounting services to both public and private companies in the US and Canada since 2003.
Brian Gusko has an MBA from the University of Calgary and attended the European Summer School of Advanced Management. Gusko has over 15 years’ experience in capital markets and has helped raise over $75 million for various enterprises. He has served on the board and as chief financial officer of various private and public companies. Gusko has assisted with the interlisting of more than 10 companies on the Frankfurt Stock Exchange and has helped numerous companies access German capital markets. He has worked as chief financial officer at several private and public companies. The last company he helped take public on the CSE had a market capitalization of over $200 million at the time of listing.
Michael Thompson received his Honours B.Sc. in Geology from the University of Toronto in 1997, and has since worked for several junior and major companies in both gold and base metal exploration, including Teck Cominco, Tri Origin Exploration, Placer Dome CLA, and Goldcorp. He specializes in structural interpretation of gold deposits as well as management of large exploration programs. He is a founding partner and 33 percent owner of Fladgate Exploration Consulting in Thunder Bay, Ontario.
Marian Myers has an M.Sc (Geology) from the University of the Witwatersrand, South Africa, and has 35 years’ experience working for a wide array of major and junior mining companies including Gold Fields, Anglo American, AngloGold, Balmoral Resources and Cardero Resource. Myer’s breadth of international experience has taken her from her home town near Johannesburg, South Africa to work on projects in Ghana, Zimbabwe, Australia, Alaska, Peru, Chile and now, Canada, where she resides in Vancouver. She specializes in the GIS integration of geochemical, geophysical and geological information, including historical data sets with expertise in QA/QC procedures, field data collection supervision, and assessment and technical report development.
Based in Santiago, Chile, Cody McFarlane is managing partner of Axiom Legal, an international and multidisciplinary law firm specializing in cross border transactions between Australia, Canada and Latin America. McFarlane brings extensive experience in the mining and regulatory environment in Chile.
Advancing high-grade copper assets in Chile’s Coast Cordillera Belt
Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") is pleased to announce it has received results from the sampling and mapping work program, which was designed to follow up on and extend previously identified veins that make up approximately 15km of veining extending along strike from the historic Carrizal Alto mine.
Highlights
Figure 1: Gold sample results
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Figure 2: Copper sample results
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Red Metal Resources President and CEO, Caitlin Jeffs, stated,"These outstanding results, with grades up to 17.3% copper and 8.4 g/t gold, underscore Carrizal's potential as a cornerstone asset in the global copper-gold sector. With the Carrizal Property, we have the potential to unlock a world-class IOCG system, and we invite our shareholders to join us on this exciting journey toward discovery."
The 2025 mapping and sampling program has highlighted the higher-grade gold potential of the southwestern extension of the veins that have never been drill tested and only had limited sampling.
Sampling of the Armonia vein as it extends from the historic Carrizal Alto mine onto Red Metal's Carrizal Property continues to highlight the 2.5 kilometeres of veining that has not been drill tested.
Table 1: Grab Sample Highlights (1)(2)
| Sample Number | Northing UTM | Easting UTM | CuT % Total Cu | CuS % Soluble Cu | Au g/t |
| South Theresa Veins | |||||
| Carz 010 | 310602 | 6888689 | 17.3 | 17.1 | 5.0 |
| Carz 011 | 310521 | 6888638 | 7.1 | 6.8 | 8.4 |
| Carz 018 | 309681 | 6888087 | 6.8 | 6.6 | 7.0 |
| Carz 071 | 309713 | 6888210 | 6.3 | 6.2 | 0.4 |
| Carz 021 | 309812 | 6888230 | 6.1 | 6.0 | 0.3 |
| Carz 023 | 309970 | 6888385 | 4.9 | 4.9 | 1.0 |
| Carz 017 | 309650 | 6888053 | 4.9 | 4.8 | 1.6 |
| Carz 013 | 310274 | 6888473 | 4.5 | 4.4 | 0.8 |
| Carz 014 | 310202 | 6888420 | 4.3 | 4.2 | 0.7 |
| Gorda Vein | |||||
| Carz 106 | 309378 | 6888671 | 7.2 | 7.1 | 1.9 |
| Carz 103 | 309470 | 6888778 | 5.8 | 5.8 | 0.5 |
| Carz 101 | 309520 | 6888848 | 5.4 | 5.1 | 0.5 |
| Carz 110 | 309199 | 6888442 | 4.5 | 3.9 | 1.4 |
| Carz 107 | 309315 | 6888618 | 4.5 | 4.4 | 1.0 |
| Carz 113 | 309043 | 6888118 | 4.4 | 4.3 | 0.6 |
| Carz 112 | 309150 | 6888347 | 4.0 | 3.9 | 1.0 |
| Armonia Vein Extension | |||||
| Carz 001 | 311355 | 6889213 | 5.7 | 5.5 | 0.3 |
| Carz 047 | 311279 | 6890005 | 5.5 | 5.5 | 0.7 |
| Carz 003 | 310985 | 6888985 | 4.9 | 4.8 | 3.0 |
| Carz 088 | 310935 | 6889853 | 4.5 | 4.4 | 0.3 |
| Carz 044 | 311497 | 6890106 | 4.4 | 4.3 | 0.8 |
| Carz 058 | 310385 | 6889051 | 4.2 | 4.0 | 1.2 |
| Carz 084 | 310621 | 6889602 | 3.9 | 3.2 | 0.8 |
| Carz 043 | 311544 | 6890152 | 3.8 | 3.6 | 0.5 |
| Carz 080 | 310432 | 6889267 | 3.6 | 1.1 | 1.0 |
(1)Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.
(2)This table represents a selection of highlights including 41 samples out of 102 samples taken
Qualified Person
The technical content of this news release has been reviewed and approved by Caitlin Jeffs, P. Geo, who is a Qualified Person ("QP") as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About Red Metal Resources Ltd.
Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing clean energy and strategic minerals projects. The Company's portfolio of projects includes seven separate mineral claim blocks and mineral claim applications, highly prospective for Hydrogen, covering 172 mineral claims and totalling over 4,546 hectares, located in Ville Marie, Quebec, and Larder Lake, Ontario, Canada. As well, the Company has a Chilean copper project, located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera. Red Metal is quoted on the Canadian Securities Exchange under the symbol RMES, on OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF and on the Frankfurt Stock Exchange under the symbol I660.
For more information, visit www.redmetalresources.com.
Contact:
Red Metal Resources Ltd.
Caitlin Jeffs, President & CEO
1-866-907-5403
invest@redmetalresources.com
www.redmetalresources.com
Forward-Looking Statements - All statements in this press release, other than statements of historical fact, are "forward-looking information" within the meaning of applicable securities laws. Red Metal provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to the ability to raise adequate financing, receipt of required approvals, as well as those risks and uncertainties identified and reported in Red Metal's public filings under its SEDAR+ profile at www.sedarplus.ca. Although Red Metal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Red Metal disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254576
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Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") is pleased to announce it has now commenced an extensive sampling and mapping work program to follow-up on and extend previously identified veins that make up approximately 15km of veining extending along strike from the historic Carrizal Alto mine.
This active 2025 work program will continue work delineating the vast vein system on Carrizal property and aid in refining future drill targets. All samples will be sent for assay and the Company expects a steady stream of assay results shortly.
Figure 1: Brecciated vein from Level 7 of artisanal workings
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Red Metal Resources President and CEO, Caitlin Jeffs stated,"We are now underway with our 2025 work program and are excited to build on our previous discoveries of up to 5.77% Copper. We believe we are in the top of a large IOCG system and that we are in the early stages of showing its full potential."
Figure 2: Overview of Farellon Project, Carrizal, Chile
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(1)Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.
A 2022 work program focused on mapping veins along strike of, and to the east of the main Farellon structure with the goal of developing new drill targets. New veins mapped and sampled include the Gorda vein which was drilled in Hole FAR-22-020. The Gorda vein lies 250 metres east of the Farellon structure which was mapped and sampled along strike for a full kilometre. A further five veins were identified and sampled in detail to develop 2025 and future drill targets throughout the property.
Highlights
Table 1: Grab Sample Highlights (1)(2)
| Sample Number | Northing UTM | Easting UTM | Elevation (asl) | Weight of Sample (Kg) | Au g/t | Co% | Cu% |
| 500818 | 6888943 | 309490 | 553 | 1.54 | 1.74 | 0.047 | 6.26 |
| 500902 | 6891077 | 310916 | 632 | 1.63 | 0.11 | 1.545 | 5.77 |
| 500832 | 6889540 | 311547 | 540 | 1.82 | 0.22 | 0.021 | 5.66 |
| 500895 | 6890377 | 310310 | 631 | 1.58 | 0.63 | 0.146 | 5.18 |
| 500887 | 6889724 | 311958 | 495 | 0.94 | 0.32 | 0.063 | 5.06 |
| 500803 | 6889197 | 309735 | 561 | 2.21 | 0.04 | 0.019 | 4.89 |
| 500822 | 6888323 | 309800 | 647 | 1.96 | 3.43 | 0.015 | 4.59 |
| 500830 | 6889441 | 311412 | 524 | 1.71 | 0.67 | 0.027 | 4.11 |
| 500827 | 6888543 | 310082 | 618 | 1.71 | 4.91 | 0.094 | 3.70 |
| 500894 | 6890373 | 310305 | 631 | 0.45 | 0.13 | 0.028 | 3.41 |
| 500844 | 6888968 | 310724 | 496 | 1.48 | 0.27 | 0.024 | 3.37 |
| 500854 | 6889477 | 310518 | 582 | 1.05 | 3.28 | 0.160 | 3.16 |
| 500837 | 6889267 | 311117 | 527 | 0.67 | 1.97 | 0.029 | 3.03 |
| 500814 | 6889114 | 309667 | 587 | 1.51 | 0.19 | 0.057 | 2.79 |
| 500858 | 6889836 | 310979 | 582 | 2.46 | 2.06 | 0.002 | 2.70 |
| 500834 | 6889309 | 312021 | 472 | 1.52 | 0.45 | 0.054 | 2.64 |
| 500824 | 6888423 | 309869 | 621 | 1.32 | 0.74 | 0.136 | 2.61 |
| 500833 | 6890107 | 311855 | 522 | 1.12 | 0.21 | 0.071 | 2.52 |
| 500820 | 6888717 | 309359 | 592 | 3.64 | 0.45 | 0.036 | 2.50 |
| 500831 | 6889472 | 311475 | 533 | 1.91 | 0.02 | 0.015 | 2.39 |
| 500859 | 6889807 | 310888 | 564 | 1.14 | 0.17 | 0.019 | 2.11 |
| 500840 | 6888767 | 310417 | 546 | 1.07 | 0.81 | 0.018 | 2.06 |
| 500850 | 6888284 | 310247 | 572 | 1.5 | 1.57 | 0.029 | 1.90 |
| 500816 | 6889020 | 309583 | 594 | 3.62 | 0.38 | 0.020 | 1.88 |
| 500868 | 6890705 | 311339 | 574 | 1.43 | 0.09 | 0.085 | 1.77 |
| 500886 | 6889679 | 312500 | 457 | 0.93 | 0.22 | 0.002 | 1.76 |
| 500806 | 6889420 | 309857 | 575 | 1.3 | 0.09 | 0.036 | 1.69 |
| 500819 | 6888717 | 309359 | 592 | 2.64 | 0.47 | 0.048 | 1.54 |
| 500855 | 6889630 | 310681 | 596 | 1.19 | 0.87 | 0.025 | 1.54 |
| 500852 | 6889527 | 310785 | 561 | 1.86 | 0.24 | 0.193 | 1.21 |
| 500829 | 6889352 | 311252 | 539 | 3.43 | 0.65 | 0.073 | 1.20 |
| 500856 | 6889748 | 310735 | 570 | 2.31 | 0.22 | 0.024 | 1.15 |
| 500835 | 6889244 | 311891 | 496 | 3.24 | 1.54 | 0.001 | 0.94 |
| 500838 | 6889227 | 311054 | 548 | 1.26 | 1.89 | 0.019 | 0.88 |
| 500892 | 6889011 | 312361 | 435 | 0.8 | 0.01 | 0.033 | 0.86 |
| 500826 | 6888696 | 310059 | 627 | 1.75 | 1.79 | 0.003 | 0.84 |
| 500801 | 6889269 | 309795 | 596 | 1.96 | 0.09 | 0.121 | 0.82 |
| 500823 | 6888344 | 309815 | 637 | 2.74 | 0.22 | 0.006 | 0.75 |
| 500853 | 6889444 | 310665 | 578 | 2.95 | 0.43 | 0.026 | 0.66 |
| 500802 | 6889233 | 309758 | 580 | 1.67 | 0.04 | 0.062 | 0.55 |
| 500825 | 6888485 | 309930 | 617 | 1.02 | 2.20 | 0.030 | 0.50 |
(1)Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.
(2)This table represents a selection of highlights including 41 samples out of 102 samples taken
Qualified Person
The technical content of this news release has been reviewed and approved by Caitlin Jeffs, P. Geo, who is a Qualified Person ("QP") as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About Red Metal Resources Ltd.
Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing clean energy and strategic minerals projects. The Company's portfolio of projects include seven separate mineral claim blocks and mineral claim applications, highly prospective for Hydrogen, covering 172 mineral claims and totaling over 4,546 hectares, located in Ville Marie, Quebec and Larder Lake, Ontario, Canada. As well, the Company has a Chilean copper project, located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera. Red Metal is quoted on the Canadian Securities Exchange under the symbol RMES, on OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF and on the Frankfurt Stock Exchange under the symbol I660.
For more information, visit www.redmetalresources.com
Contact:
Red Metal Resources Ltd.
Caitlin Jeffs, President & CEO
1-866-907-5403
invest@redmetalresources.com
www.redmetalresources.com
Forward-Looking Statements - All statements in this press release, other than statements of historical fact, are "forward-looking information" within the meaning of applicable securities laws. Red Metal provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to the ability to raise adequate financing, receipt of required approvals, as well as those risks and uncertainties identified and reported in Red Metal's public filings under its SEDAR+ profile at www.sedarplus.ca. Although Red Metal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Red Metal disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244415
News Provided by Newsfile via QuoteMedia
Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") is pleased to announce planning is underway for an extensive 2025 work program to follow-up on and extend previous sampling discoveries of 5.77% Cu, 1.55% Co and 0.11 gt Au along two kilometres of strike to the north of 2022 drilling on the "Farellon" structure at its highly prospective Carrizal IOCG Property, located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera.
The upcoming 2025 work program will test high-priority targets identified through previous drilling, sampling and mapping and will focus on identifying new drill targets and expanding known areas of mineralization using ASTER remote sensing surveys for alteration analysis and ground sampling initiatives.
Figure 1: Strong iron oxide alteration FAR-22-017 at 243m
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Red Metal Resources President and CEO, Caitlin Jeffs stated,"We are excited to build on our previously successful drilling and sampling programs in a 2025 market environment with higher Copper prices and demand. We have multiple new potential drill targets in close proximity to the Farellon structure and are greatly encouraged by the drilling confirmation of significant new vein width and mineralization with a full 1.5 kilometres of mapped continuity for planned upcoming drilling as well as numerous other high-priority veins that have yet to be drill tested. We believe the nature of the alteration and veining indicates that we are in the top of a large IOCG system and that we are in the early stages of showing its full potential."
Figure 2: Surface mapping and sample results up to 5.77% Copper at Carrizal, Chile
CuEq% based on CuEq%= ((Cu lb/t*US$3.75.lb) +(Co lbs/t*US$20/lb) +(Au g/t*0.03215*US$1,850/oz)/US$3.75/lb Cu insitu value and does not account for metallurgical, refining or other losses
To view an enhanced version of this graphic, please visit:
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A 2022 work program focused on mapping of veins along strike of, and to the east of the main Farellon structure with the goal of developing new drill targets. New veins mapped and sampled include the Gorda vein which was drilled in Hole FAR-22-020. The Gorda vein lies 250 metres east of the Farellon structure which was mapped and sampled along strike for a full kilometre. A further five veins were mapped and sampled in detail to develop 2025 and future drill targets throughout the property.
Figure 3. Mineralization from recent sampling programs
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Highlights
Table 1: Grab Sample Highlights (1)(2)
| Sample Number | Northing UTM | Easting UTM | Elevation (asl) | Weight of Sample (Kg) | Au g/t | Co% | Cu% |
| 500818 | 6888943 | 309490 | 553 | 1.54 | 1.74 | 0.047 | 6.26 |
| 500902 | 6891077 | 310916 | 632 | 1.63 | 0.11 | 1.545 | 5.77 |
| 500832 | 6889540 | 311547 | 540 | 1.82 | 0.22 | 0.021 | 5.66 |
| 500895 | 6890377 | 310310 | 631 | 1.58 | 0.63 | 0.146 | 5.18 |
| 500887 | 6889724 | 311958 | 495 | 0.94 | 0.32 | 0.063 | 5.06 |
| 500803 | 6889197 | 309735 | 561 | 2.21 | 0.04 | 0.019 | 4.89 |
| 500822 | 6888323 | 309800 | 647 | 1.96 | 3.43 | 0.015 | 4.59 |
| 500830 | 6889441 | 311412 | 524 | 1.71 | 0.67 | 0.027 | 4.11 |
| 500827 | 6888543 | 310082 | 618 | 1.71 | 4.91 | 0.094 | 3.70 |
| 500894 | 6890373 | 310305 | 631 | 0.45 | 0.13 | 0.028 | 3.41 |
| 500844 | 6888968 | 310724 | 496 | 1.48 | 0.27 | 0.024 | 3.37 |
| 500854 | 6889477 | 310518 | 582 | 1.05 | 3.28 | 0.160 | 3.16 |
| 500837 | 6889267 | 311117 | 527 | 0.67 | 1.97 | 0.029 | 3.03 |
| 500814 | 6889114 | 309667 | 587 | 1.51 | 0.19 | 0.057 | 2.79 |
| 500858 | 6889836 | 310979 | 582 | 2.46 | 2.06 | 0.002 | 2.70 |
| 500834 | 6889309 | 312021 | 472 | 1.52 | 0.45 | 0.054 | 2.64 |
| 500824 | 6888423 | 309869 | 621 | 1.32 | 0.74 | 0.136 | 2.61 |
| 500833 | 6890107 | 311855 | 522 | 1.12 | 0.21 | 0.071 | 2.52 |
| 500820 | 6888717 | 309359 | 592 | 3.64 | 0.45 | 0.036 | 2.50 |
| 500831 | 6889472 | 311475 | 533 | 1.91 | 0.02 | 0.015 | 2.39 |
| 500859 | 6889807 | 310888 | 564 | 1.14 | 0.17 | 0.019 | 2.11 |
| 500840 | 6888767 | 310417 | 546 | 1.07 | 0.81 | 0.018 | 2.06 |
| 500850 | 6888284 | 310247 | 572 | 1.5 | 1.57 | 0.029 | 1.90 |
| 500816 | 6889020 | 309583 | 594 | 3.62 | 0.38 | 0.020 | 1.88 |
| 500868 | 6890705 | 311339 | 574 | 1.43 | 0.09 | 0.085 | 1.77 |
| 500886 | 6889679 | 312500 | 457 | 0.93 | 0.22 | 0.002 | 1.76 |
| 500806 | 6889420 | 309857 | 575 | 1.3 | 0.09 | 0.036 | 1.69 |
| 500819 | 6888717 | 309359 | 592 | 2.64 | 0.47 | 0.048 | 1.54 |
| 500855 | 6889630 | 310681 | 596 | 1.19 | 0.87 | 0.025 | 1.54 |
| 500852 | 6889527 | 310785 | 561 | 1.86 | 0.24 | 0.193 | 1.21 |
| 500829 | 6889352 | 311252 | 539 | 3.43 | 0.65 | 0.073 | 1.20 |
| 500856 | 6889748 | 310735 | 570 | 2.31 | 0.22 | 0.024 | 1.15 |
| 500835 | 6889244 | 311891 | 496 | 3.24 | 1.54 | 0.001 | 0.94 |
| 500838 | 6889227 | 311054 | 548 | 1.26 | 1.89 | 0.019 | 0.88 |
| 500892 | 6889011 | 312361 | 435 | 0.8 | 0.01 | 0.033 | 0.86 |
| 500826 | 6888696 | 310059 | 627 | 1.75 | 1.79 | 0.003 | 0.84 |
| 500801 | 6889269 | 309795 | 596 | 1.96 | 0.09 | 0.121 | 0.82 |
| 500823 | 6888344 | 309815 | 637 | 2.74 | 0.22 | 0.006 | 0.75 |
| 500853 | 6889444 | 310665 | 578 | 2.95 | 0.43 | 0.026 | 0.66 |
| 500802 | 6889233 | 309758 | 580 | 1.67 | 0.04 | 0.062 | 0.55 |
| 500825 | 6888485 | 309930 | 617 | 1.02 | 2.20 | 0.030 | 0.50 |
(1)Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.
(2)This table represents a selection of highlights including 41 samples out of 102 samples taken
Red Metal successfully completed a nine-hole, 2,010 metre drill program in 2022 that targeted down dip extensions of known mineralized zones as well as testing of new zones.
Highlights
Diamond Drilling
Four drillholes of the program targeted the south and north end of the Farellon zone and tested a previously undrilled structure parallel to the Farellon zone. All four drill holes intercepted zones of sulphide mineralization including chalcopyrite and chalcocite and zones of strong alteration associated with iron oxide copper gold ("IOCG") deposits.
Figure 4. Diamond drill program at the Farellon Zone discovery
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Table 2: Summary of holes (3)
| Drillhole | Target | Length | Highlights |
| FAR-22-017 | Farellon South | 326 | Mineralized Breccia Zone at 236-243 m |
| FAR-22-018 | Farellon South | 293 | Multiple zones of disseminated chalcopyrite mineralization and intense IOCG associated alteration |
| FAR-22-019 | Farellon North | 188 | 85-91 m brecciated quartz veining with strong chalcopyrite mineralization |
| FAR-22-020 | New Zone | 182 | 142-147.6 m quartz calcite vein with strong chalcopyrite mineralization and actinolite, iron and sericite alteration |
(3)Widths are drill indicated core length as insufficient drilling has been undertaken to determine true widths with at this time.
New Zone Drill Tested
The newly tested parallel structure lies approximately 250 metres west of the Farellon vein and was mapped and sampled on surface in 2012. Mapping completed in 2012 traced the vein continuously over approximately 1.5 kilometres. All six surface samples taken along the structure in 2012 are listed below and all samples returned significant copper, gold and cobalt. The structure was tested with one drillhole and a six-metre quartz calcite vein was intercepted from 142m to 142.6m with visible chalcopyrite mineralization, intense pyrrhotite, albite and actinolite alteration.
Table 3: Historic 2012 surface sampling on new zone
| Sample ID | Easting | Northing | CuT% | Au g/t | Co% |
| 123984 | 309701 | 6889159 | 4.97 | 0.43 | 0.07 |
| 123985 | 309862 | 6889291 | 3.73 | 0.80 | 0.02 |
| 123986 | 309644 | 6889070 | 3.40 | 0.41 | 0.03 |
| 123987 | 309424 | 6888843 | 1.60 | 0.23 | 0.10 |
| 123989 | 309227 | 6888420 | 3.86 | 0.68 | 0.04 |
| 123990 | 309040 | 6888003 | 2.49 | 0.63 | 0.02 |
Figure 5: Chalcopyrite in brecciated quartz vein FAR-22-019 at 86m
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Figure 6: Chalcopyrite primary mineralization FAR-22-020 from 6m wide zone at 145.5m and 147.5m
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QAQC
Samples were prepared and analyzed by ALS laboratories in La Serena, Chile and Lima, Peru. Samples were analyzed for gold using Fire Assay-AA techniques. All samples were analyzed using a 33 element 4 acid digestion ICP analysis method and copper samples over 10,000 ppm were analyzed again for just copper using the same analysis method.
Qualified Person
The technical content of this news release has been reviewed and approved by Caitlin Jeffs, P. Geo, who is a Qualified Person ("QP") as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About Red Metal Resources Ltd.
Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing clean energy and strategic minerals projects. The Company's portfolio of projects include seven separate mineral claim blocks and mineral claim applications, highly prospective for Hydrogen, covering 172 mineral claims and totaling over 4,546 hectares, located in Ville Marie, Quebec and Larder Lake, Ontario, Canada. As well, the Company has a Chilean copper project, located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera. Red Metal is quoted on the Canadian Securities Exchange under the symbol RMES, on OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF and on the Frankfurt Stock Exchange under the symbol I660.
For more information, visit www.redmetalresources.com.
Contact:
Red Metal Resources Ltd.
Caitlin Jeffs, President & CEO
1-866-907-5403
invest@redmetalresources.com
www.redmetalresources.com
Forward-Looking Statements - All statements in this press release, other than statements of historical fact, are "forward-looking information" within the meaning of applicable securities laws. Red Metal provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to the ability to raise adequate financing, receipt of required approvals, as well as those risks and uncertainties identified and reported in Red Metal's public filings under its SEDAR+ profile at www.sedarplus.ca. Although Red Metal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Red Metal disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242622
News Provided by Newsfile via QuoteMedia
Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") is pleased to announce that it is planning a Phase 1 work program and data compilation for its recently acquired, 100% owned, portfolio of highly prospective mineral claims and mineral claim applications, consisting of seven separate claim packages, covering 172 mineral claims and totaling over 4,546 hectares.
These highly prospective claim packages are located to the North, Northeast and the Southwest of Quebec Innovative Materials Corp.'s ("QIMC") recent hydrogen-in-soil discovery in the Saint-Bruno-de-Guigues area, of over 1,000 ppm, announced on September 4th 2024, as well as covering similar geology to the west located in the Larder Lake Mining District of Ontario, along the Quebec border near the town of Ville-Marie, QC.
Figure 1. RMES 7 Mineral Claim blocks in Ontario and Quebec in proximity to recent Hydrogen discovery
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These claim blocks are contiguous on three sides to Quebec Innovative Materials Corp. and cover possible extensions in multiple directions. To date, 164 of the 172 claims have been approved by the Quebec Ministry of Natural Resources and Forests and the Ontario Ministry of mines.
Ontario's Firstbrook Township hosts documented occurrences of copper, lead, cobalt, silver and kimberlite. The area boasts excellent infrastructure, including power and easy road access.
Geologic or white hydrogen offers a clean, renewable and potentially abundant source of energy with a range of environmental and economic benefits. Its carbon-free nature, high energy density and compatibility with existing infrastructure make it a promising solution for meeting future energy needs and achieving global climate goals.
Red Metal Resources President and CEO, Caitlin Jeffs stated,"We have established a significant and highly prospective claim package covering 172 mineral claims and totaling over 4,546 hectares to the North, Northeast and the Southwest of Quebec Innovative Materials Corp.'s ("QIMC") recent hydrogen-in-soil discovery in both Quebec and directly across the border in Ontario. Red Metal is actively planning a Phase 1 work program to encompass its Quebec and Ontario claims and highlight the potential for new discoveries of hydrogen as well as base and precious metals as we continue to advance our Carrizal Copper/Gold property in Cordillera, Chile."
Red Metal Resources is planning an initial exploration program that could include but not limited to:
Gas sampling from the soil and underwater surveys in Timiskaming Lake. These surveys can be used to locate degassing zones associated with faults in the Timiskaming rift.
Gravimetry and audiomagnetotellurism (AMT) geophysics to assess variations in the thickness of local sedimentary rock deposits (gravity troughs) over the Archean basement. AMT data will assist in locating graben-related faults in the St-Bruno-de-Guigue area that are covered by quaternary sediments.
Regional remote sensing gas surveys to identify specific targets to provide useful remote sensing data for hydrogen and helium exploration.
Fieldwork can be carried out with access to properties through main roads and paved highways.
The Company is currently reviewing regional geologic data to assist in the evaluation of potential additional acquisitions in the immediate area as well as the formulation of an initial exploration plan with further details to be provided in due course.
This news release contains information about adjacent properties on which the Company has no right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.
Qualified Person
The technical content of this news release has been reviewed and approved by Caitlin Jeffs, P. Geo, who is a Qualified Person ("QP") as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About Red Metal Resources Ltd.
Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing clean energy and strategic minerals projects. The Company's portfolio of projects include seven separate mineral claim blocks and mineral claim applications, highly prospective for Hydrogen, covering 172 mineral claims and totaling over 4,546 hectares, located in Ville Marie, Quebec and Larder Lake, Ontario, Canada. As well, the Company has a Chilean copper project, located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera. Red Metal is quoted on the Canadian Securities Exchange under the symbol RMES, on OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF and on the Frankfurt Stock Exchange under the symbol I660.
For more information, visit www.redmetalresources.com
Contact:
Red Metal Resources Ltd.
Caitlin Jeffs, President & CEO
1-866-907-5403
invest@redmetalresources.com
www.redmetalresources.com
Forward-Looking Statements - All statements in this press release, other than statements of historical fact, are "forward-looking information" within the meaning of applicable securities laws. Red Metal provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to the ability to raise adequate financing, receipt of required approvals, as well as those risks and uncertainties identified and reported in Red Metal's public filings under its SEDAR+ profile at www.sedarplus.ca. Although Red Metal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Red Metal disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241568
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Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) is pleased to announce that it has executed a Definitive Agreement (the "Agreement") with an arm's length vendor to acquire a 100% interest in three separate mineral claims packages, highly prospective for Hydrogen located in the Larder Lake Mining District of Ontario, along the Quebec border near the town of Ville-Marie, QC.
These claim blocks consist of three separate packages, covering 149 mineral claims and totaling approximately 3,246 hectares and were acquired due to their proximity and similar geological setting to that of Quebec Innovative Materials Corp.'s ("QIMC") recent hydrogen-in-soil discovery in the Saint-Bruno-de-Guigues area, of over 1,000 ppm, announced on September 4th 2024.
This news release contains information about adjacent properties on which the Company has no right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.
Figure 1. RMES 7 Mineral Claim blocks in Ontario and Quebec in proximity to recent Hydrogen discovery
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Red Metal's total portfolio of claim blocks in this highly prospective discovery area, now consist of seven separate packages, covering 172 mineral claims and totaling over 4,546 hectares to the North, Northeast and the Southwest of QIMC's Hydrogen-in-soil sample discovery as well as covering similar geology to the west into Ontario. These claim blocks are contiguous on three sides to Quebec Innovative Materials Corp. and cover possible extensions in multiple directions. To date, 164 of the 172 claims have been approved by the Quebec Ministry of Natural Resources and Forests and the Ontario ministry of mines.
Ontario's Firstbrook Township hosts documented occurrences of copper, lead, cobalt, silver and kimberlite. The area boasts excellent infrastructure, including power and easy road access.
Geologic or white hydrogen offers a clean, renewable and potentially abundant source of energy with a range of environmental and economic benefits. Its carbon-free nature, high energy density and compatibility with existing infrastructure make it a promising solution for meeting future energy needs and achieving global climate goals.
Red Metal Resources President and CEO, Caitlin Jeffs stated,"We have added a significant and highly prospective package of three additional claim blocks in Ontario to our existing mineral claims portfolio next to QIMC in Quebec. Red Metal is actively planning an extensive exploration program to encompass its Quebec and Ontario claims including directly next to QIMC's recent hydrogen discovery. These new Ontario claims increase our exposure to this exciting discovery area and highlight the potential for new discoveries of hydrogen as well as base and previous metals as we continue to advance our Carrizal Copper/Gold property in Cordillera, Chile."
Red Metal Resources is planning an initial exploration program that could include but not limited to:
Gas sampling from the soil and underwater surveys in Timiskaming Lake. These surveys can be used to locate degassing zones associated with faults in the Timiskaming rift.
Gravimetry and audiomagnetotellurism (AMT) geophysics to assess variations in the thickness of local sedimentary rock deposits (gravity troughs) over the Archean basement. AMT data will assist in locating graben-related faults in the St-Bruno-de-Guigue area that are covered by quaternary sediments.
Regional remote sensing gas surveys to identify specific targets to provide useful remote sensing data for hydrogen and helium exploration.
Fieldwork can be carried out with access to properties through main roads and paved highways.
The Company is currently reviewing regional geologic data to assist in the evaluation of potential additional acquisitions in the immediate area as well as the formulation of an initial exploration plan with further details to be provided in due course.
Terms of the Agreement
Under the terms of the Agreement to acquire a 100% interest in 149 mineral claims, Company has agreed to pay $8,000 and issue 2.25 million common shares of the Company. No royalty is to be paid out of any potential future revenue. The Company's acquisition of the Property remains subject to customary conditions of closing, including the Company completing due diligence to its satisfaction and the approval of the Canadian Securities Exchange (if required), and is expected to complete shortly. The common shares issuable in connection with the Agreement will be subject to a four month hold period under applicable Canadian securities laws.
Qualified Person
The technical content of this news release has been reviewed and approved by Caitlin Jeffs, P. Geo, who is a Qualified Person ("QP") as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About Red Metal Resources Ltd.
Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing clean energy and strategic minerals projects. The Company's current portfolio include the 100% owned Ville Marie claims in Quebec, Canada as well as Company's Chilean projects which are located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera. Red Metal is quoted on the Canadian Securities Exchange under the symbol RMES, on OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF and on the Frankfurt Stock Exchange under the symbol I660.
For more information, visit www.redmetalresources.com.
Contact:
Red Metal Resources Ltd.
Caitlin Jeffs, President & CEO
1-866-907-5403
invest@redmetalresources.com
www.redmetalresources.com
Forward-Looking Statements - All statements in this press release, other than statements of historical fact, are "forward-looking information" within the meaning of applicable securities laws. Red Metal provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to the ability to raise adequate financing, receipt of required approvals, as well as those risks and uncertainties identified and reported in Red Metal's public filings under its SEDAR+ profile at www.sedarplus.ca. Although Red Metal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Red Metal disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232251
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Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce the commencement of its $6 million 2025 project-wide exploration program at the JD Project, Toodoggone Mining District, north-central British Columbia. Over 5,000 meters of drilling together with geophysical and geochemical surveys are designed to focus on target advancement, target generation and discovery.
Highlights and Next Steps:
Niel Marotta, CEO of Sun Summit Minerals, commented: "We are very excited to have kicked off our 2025 exploration season at our JD project, which is fully funded by the proceeds of our recently completed private placement. The Toodoggone region in north-central British Columbia is one of the hottest mineral exploration districts in Canada, and has seen heightened corporate activity, combined with a large influx of capital. We expect plenty of news flow coming from the Toodoggone over the summer and fall, including drill results from our own aggressive 5,000 metre program."
Figure 1. Map of the Toodoggone District showing the location of the JD Project in relation to other development and exploration projects. Data sourced from Thesis, TDG, Amarc and Centerra's corporate websites.
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JD Exploration Program
Crews have mobilised to the Toodoggone District to commence the 2025 JD Project exploration season (Figure 1). The primary goal for 2025 multidisciplinary exploration program is to advance and expand the epithermal-related Creek and Finn gold-silver targets through a series of systematic step-out holes, and to generate and refine new priority targets across the highly-prospective 4.5 km long Finn to Creek corridor, as well as the 12 km long JD porphyry trend (Figure 2).
Figure 2. Map of the JD Project showing the broad JD Porphyry trend and the epithermal-related Finn to Creek Corridor. Planned areas for IP and soil surveys are shown in grey. Key targets are highlighted.
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Creek Zone: Drilling at the Creek Zone (Figure 2) is designed to investigate the lateral and vertical extent of high-grade and bulk-tonnage gold mineralization (e.g., 122.53 m of 2.11 g/t Au, including 20.0 m of 10.01 g/t Au, and including 1.52 m over 121.0 g/t Au, CZ-24-004, Figure 3, see October 2, 2024, news release). Based on new geological and structural modelling, a series of steeply-dipping, northwest trending parallel vein sets with associated halos of disseminated gold mineralization have been defined. Over 3,000 meters across 10 to 12 drill holes are planned to systematically test the vein-controlling structures on 50 to 100 meter pierce-points covering a strike-length of over 700 meters (Figure 3) and a down-dip extent of over 200 meters. Results from this phase of drilling should inform grade continuity, the scale of the epithermal system and where follow-up deeper and/or step-out holes are warranted.
Figure 3. Map of the Creek Zone showing drill collar locations with selected highlights. The area targeted for 2025 drilling is outlined in red. See references below for data sources.
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Finn Zone: Drilling at the Finn Zone is designed to expand the footprint of high-grade, near-surface base metal-rich gold-silver mineralization intersected in historical drilling (e.g., 35.7 m of 7.26 g/t Au including 1 m of 215.4 g/t Au in hole JD95-0472). Based on an extensive compilation of over 300 historical drill holes, a new geological and structural model suggests that epithermal-related gold-silver mineralization is hosted within veins and vein-breccias situated along a northwest striking and gently dipping volcaniclastic unit. Over 2,000 meters of drilling across 7 to 9 drill holes are planned to test the model along strike (e.g., towards hole JD13-024) and down-dip (e.g., toward JD12-015) covering a strike-length of over 650 meters (Figure 4). Drilling near the higher-grade core may also be completed to verify historical grades, confirm structural controls and explore at depth to assess the geometry and grade of the mineralized footwall zone (e.g., JD12-0093).
Figure 4. Map of the Finn Zone showing historical drill collar locations with selected highlights. The area targeted for 2025 drilling is outlined in red. See references below for data sources.
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Target Generation: Project-wide exploration activities are aimed at target generation and drill target refinement.
Timeline: Crews have mobilised to site with camp construction, geological mapping, IP Geophysics, and drill pad construction now underway. Drilling at the Creek Zone is anticipated to begin by mid-July, at the latest.
National Instrument 43-101 Disclosure
This news release has been reviewed and approved by Sun Summit's Vice President Exploration, Ken MacDonald, P. Geo., a "Qualified Person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has not been able to verify the historical exploration data disclosed, including sampling, analytical and test data, underlying the technical information in this news release since such data is historical and the original drill core is not readily available. Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The historical technical information has not been verified by Sun Summit and may in some instances be unverifiable dependent on the existence of historical drill core and grab samples.
Community Engagement
Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration.
Webinar Invitation
Sun Summit Minerals invites investors and interested parties to a live webinar and Q&A hosted by Simone Capital. CEO Niel Marotta will present an overview of the Company's 2025 exploration and drill program.
Date: Thursday, June 19
Time: 4:00 PM ET | 1:00 PM PT
Register: https://app.livestorm.co/simone-capital/sun-summit-minerals-2025-exploration-update
About the JD Project
The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold's Lawyers and Ranch projects, TDG Gold's Baker-Shasta projects, Amarc Resource's AuRORA project, Centerra's Gold's Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine.
The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.
The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.
About Sun Summit
Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion and advancement of district scale gold and copper assets in British Columbia. The Company's diverse portfolio includes the JD Project in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.
Further details are available at www.sunsummitminerals.com.
References
Links to Figures
Figure 1: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-1.jpg
Figure 2: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-2-scaled.jpg
Figure 3: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-3-scaled.jpg
Figure 4: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-4-scaled.jpg
On behalf of the board of directors,
Niel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com
For further information, contact:
Matthew Benedetto, Simone Capital
mbenedetto@simonecapital.ca
Tel. 416-817-1226
Forward-Looking Information
Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, the Company's exploration plans and forecasts; the geology, grade and continuity of mineral deposits; potential mineralization, exploration plans, and engagement with First Nations communities. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the focus, purpose and goals of project wide exploration; the existence and timing of news releases and updates, if any, coming from the project area; the Company's ability to complete the drill program as currently contemplated; risks inherent in exploration activities; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; accidents, equipment breakdowns, title and permitting matters; labour disputes or other unanticipated difficulties with or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on its projects; that the Company may not be able to confirm historical exploration results; the geology, grade and continuity of mineral deposits; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
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As demand for copper continues to rise, driven by global electrification trends, Los Andes Copper is well-placed to leverage its significant copper position in Chile, driven at the helm by a group of highly experienced technical and business leaders.
The global transition to electrification is driving surging demand for copper, a metal essential to clean energy and emerging technologies. The copper market is set to reach a CAGR of 5.4 percent during 2024-2030, projected at US$368.8 billion by 2030.
Chile, the world’s top copper producer, is a key player in meeting this demand. With its vast deposits and stable, mining-friendly environment, the country continues to attract leading mining companies.
Los Andes Copper (TSXV:LA,OTCQX:LSANF) is advancing its 100 percent-owned Vizcachitas copper-molybdenum project in Chile — one of the largest undeveloped copper assets not held by a major. Backed by an experienced management team, the company is well-positioned to help meet the world’s growing copper needs.
The company filed a positive pre-feasibility study in 2023 indicating US$2.78 billion after-tax net present value (NPV) using an 8 percent discount rate and an internal rate of return (IRR) of 24.2 percent at US$ 3.68/lb copper, US$12.90/lb molybdenum and US$21.79/oz silver, with an estimated initial capital cost of US$2.44 billion. The PFS also highlighted a construction period of 3.25 years and a payback period of 2.5 years from initial production.
The company expanded its land package by obtaining first-priority exploration claims over new areas within and adjacent to the current property boundaries for the Vizcachitas copper project.
The claims cover an 18 sq km block within the current property boundary, and another 7 sq km block adjacent to the north-east corner of the property boundary.
The Vizcachitas project including new claim blocks surrounded by mining majors
Los Andes works closely with the local community to support the development of local businesses and social organizations. The company has joined the Association of Small Miners of Putaendo and has established several programs to support social organizations, local technical high schools and female entrepreneurs. Los Andes is also environmentally aware and strives to maintain an excellent ESG rating.
The company’s management team is experienced in the natural resources industry, including experts in geology, community affairs, and corporate finance.
The 100-percent-owned Chilean Vizcachitas copper project is one of the largest advanced copper deposits in the Americas and the largest deposit owned 100 percent by a junior miner. The project is located in the Rio Rocin Valley, roughly 150 kilometers northeast of Santiago.
With 11 years of experience in the mining sector, Santiago Montt has a law degree from the University of Chile, a J.S.D. law degree (PhD) from Yale University, and a Master's in Public Policy from Princeton University. He has worked for BHP from 2011 to 2021 in various roles: vice-president of corporate affairs for the Americas, VP of ligation (Global), VP of legal Brazil, and VP of legal copper. He is an experienced professional in the areas of stakeholder management, risk management, crisis management, project management and commercial and legal affairs.
Manuel Matta is a mining engineer from the University of Chile, with more than 30 years of experience in operations, planning and projects. He worked for Falconbridge and Xstrata as vice-president of projects and development where he led the expansion of the Collahuasi mine. He was also the general manager of Altonorte Smelter in Chile. Matta also worked for Barrick Gold in Chile and the Dominican Republic and was the general manager of Las Cenizas copper mines in Chile.
Anthony Amber is a chartered geologist with 32 years of diverse experience working in Asia, Africa, and South America. Amberg is a qualified person under NI 43-101. He has managed various exploration projects ranging from grassroots through to JORC-compliant feasibility studies. In 2001, he returned to Chile, where he started a geological consulting firm specializing in project evaluation and NI 43-101 technical reports. He began his career in 1986 working with Anglo American in South Africa before moving on to work for the likes of Severin-Southern Sphere, Bema Gold, Rio Tinto and Kazakhstan Minerals Corporation.
Ignacio Melero is a lawyer with a degree from Pontificia Universidad Católica de Chile with vast experience in corporate and community affairs. Before Los Andes, Ignacio was responsible for community affairs at CMPC, having managed community and stakeholder affairs for a number of its pulp and forestry divisions throughout the country. Ignacio has worked for the Government of Chile, in the Ministry General Secretariat of the Presidency. He was responsible for the inter-ministerial coordination of the ChileAtiende project, a multi-service network linking communities, regional governments and public services.
Harry Nijjar holds a CPA CMA designation from the Chartered Professional Accountants of British Columbia and a Bachelor of Commerce from the University of British Columbia. He is a managing director of Malaspina Consultants. Nijjar has been working with public and private companies for the past 10 years in various roles. He is also currently the CFO of Darien Business Development and Clarmin Explorations.
Questcorp Mining (CSE:QQQ,OTC:QQCMF,FSE:D910) is a Canadian junior explorer advancing two promising projects in mining-friendly jurisdictions: the high-grade La Union gold-silver-lead-zinc project in Mexico’s Sonoran Gold Belt and the North Island copper project in British Columbia, prospective for porphyry and skarn systems.
Focused on near-surface mineralization with proven geologic continuity, Questcorp is strategically positioned near infrastructure in major metal belts. With gold near record highs and a global copper crunch looming, the company aims to unlock outsized value through disciplined exploration and a tightly held share structure.
La Union gold project locationThe La Union gold project is a 2,604-hectare, road-accessible CRD-style target on the edge of Mexico’s prolific Sonoran Gold Belt. Surrounded by major mines like La Herradura (6.7 Moz) and San Francisco (1.4 Moz), the property hosts historic underground production by Peñoles and others, with ~50,000 oz reportedly mined in the 1950s at grades of 7–20 g/t gold.
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