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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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."

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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

  • 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/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

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