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.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4932/244415_dd829b6cf4c73861_001.jpg

Figure 1: Brecciated vein from Level 7 of artisanal workings

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4932/244415_dd829b6cf4c73861_001full.jpg

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."

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4932/244415_dd829b6cf4c73861_002.jpg

Figure 2: Overview of Farellon Project, Carrizal, Chile

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4932/244415_dd829b6cf4c73861_002full.jpg

(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

  • A high sample return of 5.77% Cu, 1.55% Co and 0.11 g/t Au two kilometres along strike to the north of the recent drilling on the Farellon structure
  • Three veins mapped, each demonstrating over a kilometre of prospective strike length with mineralized grab samples

Table 1: Grab Sample Highlights (1)(2)

Sample
Number
Northing
UTM
Easting
UTM
Elevation
(asl)
Weight of Sample
(Kg)
Au g/tCo%Cu%
50081868889433094905531.541.740.0476.26
50090268910773109166321.630.111.5455.77
50083268895403115475401.820.220.0215.66
50089568903773103106311.580.630.1465.18
50088768897243119584950.940.320.0635.06
50080368891973097355612.210.040.0194.89
50082268883233098006471.963.430.0154.59
50083068894413114125241.710.670.0274.11
50082768885433100826181.714.910.0943.70
50089468903733103056310.450.130.0283.41
50084468889683107244961.480.270.0243.37
50085468894773105185821.053.280.1603.16
50083768892673111175270.671.970.0293.03
50081468891143096675871.510.190.0572.79
50085868898363109795822.462.060.0022.70
50083468893093120214721.520.450.0542.64
50082468884233098696211.320.740.1362.61
50083368901073118555221.120.210.0712.52
50082068887173093595923.640.450.0362.50
50083168894723114755331.910.020.0152.39
50085968898073108885641.140.170.0192.11
50084068887673104175461.070.810.0182.06
50085068882843102475721.51.570.0291.90
50081668890203095835943.620.380.0201.88
50086868907053113395741.430.090.0851.77
50088668896793125004570.930.220.0021.76
50080668894203098575751.30.090.0361.69
50081968887173093595922.640.470.0481.54
50085568896303106815961.190.870.0251.54
50085268895273107855611.860.240.1931.21
50082968893523112525393.430.650.0731.20
50085668897483107355702.310.220.0241.15
50083568892443118914963.241.540.0010.94
50083868892273110545481.261.890.0190.88
50089268890113123614350.80.010.0330.86
50082668886963100596271.751.790.0030.84
50080168892693097955961.960.090.1210.82
50082368883443098156372.740.220.0060.75
50085368894443106655782.950.430.0260.66
50080268892333097585801.670.040.0620.55
50082568884853099306171.022.200.0300.50

 

(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

RMES:CC
Red Metal Resources

Red Metal Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Red Metal Resources (CSE:RMES)

Red Metal Resources


Keep reading...Show less

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

Red Metal Resources Provides Update on Results of Mapping Program on Its Carrizal IOCG Property

Red Metal Resources Provides Update on Results of 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 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

News Provided by Newsfile via QuoteMedia

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

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

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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Red Metal Resources Planning 2025 Work Program on 100% Owned Hydrogen-Prospective Mineral Claim Package Spanning Quebec and Ontario

Red Metal Resources Planning 2025 Work Program on 100% Owned Hydrogen-Prospective Mineral Claim Package Spanning Quebec and Ontario

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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Red Metal Resources Acquires 100% Interest in Three Hydrogen-Prospective Mineral Claims Packages in Ontario

Red Metal Resources Acquires 100% Interest in Three Hydrogen-Prospective Mineral Claims Packages in Ontario

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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Red Metal Resources Closes First Tranche of Financing

Red Metal Resources Closes First Tranche of Financing

Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") is pleased to announce that it has completed the first tranche of the non-brokered private placement (the "Offering") described in its news release of October 31, 2024.

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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Canadian Investment Regulatory Organization Trade Resumption - CYG

Canadian Investment Regulatory Organization Trade Resumption - CYG

Trading resumes in:

Company: Cygnus Metals Limited

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Heritage Mining Provides Corporate Update

Heritage Mining Provides Corporate Update

(TheNewswire)

Heritage Mining Ltd.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Cygnus raises $18.3m to accelerate resource growth and mining studies

Cygnus raises $18.3m to accelerate resource growth and mining studies

-

Highlights

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Finlay Minerals announces the commencement of the 2025 PIL & ATTY Property Exploration Programs

Finlay Minerals announces the commencement of the 2025 PIL & ATTY Property Exploration Programs

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the start of the 2025 exploration programs for its PIL and ATTY Properties within the Toodoggone Mining District of Northern British Columbia .  These programs are fully funded under the Earn-In Agreements with Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport"). Under these agreements, Freeport can earn up to an 80% interest in each property by investing $35 million in exploration expenditures and making cash payments of $4.1 million over a period of six years. ( Reference #1 ).

The exploration programs at PIL and ATTY are designed to best outline and prioritize as many targets as possible for drill testing in 2026. The 2025 programs at both PIL and ATTY will consist of the following activities with Finlay acting as Operator:

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Red Metal Resources

Red Metal Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×