Red Metal Resources (CSE:RMES)

Red Metal Resources: Advancing High-grade Copper Assets in Chile’s Coast Cordillera Belt


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.

Red Metal Resources' Chilean advantage

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.

Company Highlights

  • Red Metal Resources holds 3,278 hectares across 21 secure mining claims within the Carrizal Alto mining district in the prolific Coastal Cordillera.
  • The company’s Carrizal property comprises two projects - Farellon and Perth - located in an area with a rich history of copper and gold production.
  • The Farellon project has over 9,000 metres of drilling, identifying 1.5 kilometres of mineralized strike length with potential for an additional 3.5 kilometres.
  • In 2022, a high-grade surface sample from Farellon returned 5.77 percent copper, 1.55 percent cobalt, and 0.11 g/t gold.
  • Management and insiders control approximately 35 percent of the company’s shares, aligning their interests with investors.

This Red Metal Resources profile is part of a paid investor education campaign.*

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Red Metal Resources (CSE:RMES)

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Advancing high-grade copper assets in Chile’s Coast Cordillera Belt

Red Metal Resources Commences Sampling and Mapping Program on its Carrizal IOCG Property

Red Metal Resources Commences Sampling and Mapping Program on its Carrizal IOCG Property

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.

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Red Metal Resources Plans Extensive 2025 Work Program on Its Carrizal IOCG Property Following Sampling Discoveries of up to 5.77% Copper

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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.

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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.

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In connection with the closing of the first tranche of the Offering, the Company issued an aggregate of 3,000,000 flow-through units (the "FT Units") at a price of CDN$0.10 per Unit for gross proceeds of CDN$300,000. Each FT Unit consists of one flow-through common share in the capital of the Company (a "FT Share") and one-half of one non-transferable Common share purchase warrant (each whole Common share purchase warrant, a "Warrant"). Each whole Warrant is exercisable to acquire one Common Share at an exercise price of CDN$0.12 per Common Share until May 22, 2026, which is 18 months from the date of issuance.

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