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.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4932/242622_74b034dc84c71b1e_001.jpg

Figure 1: Strong iron oxide alteration FAR-22-017 at 243m

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4932/242622_74b034dc84c71b1e_001full.jpg

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."

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4932/242622_74b034dc84c71b1e_002.jpg

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:
https://images.newsfilecorp.com/files/4932/242622_74b034dc84c71b1e_002full.jpg

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.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4932/242622_74b034dc84c71b1e_003.jpg

Figure 3. Mineralization from recent sampling programs

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4932/242622_74b034dc84c71b1e_003full.jpg

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 in detail, 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

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

  • First hole on new zone intercepted 6 metres of vein with strong visible copper sulphides; further 1.5 kilometres of untested strike length
  • All holes have intercepted visible copper sulphide mineralization and alteration associated with IOCG deposits
  • Diamond drill core continues to provide valuable alteration and structural information not seen in previous RC drilling

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.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4932/242622_74b034dc84c71b1e_004.jpg

Figure 4. Diamond drill program at the Farellon Zone discovery

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4932/242622_74b034dc84c71b1e_004full.jpg

Table 2: Summary of holes (3)

DrillholeTargetLengthHighlights
FAR-22-017Farellon South326Mineralized Breccia Zone at 236-243 m
FAR-22-018Farellon South293Multiple zones of disseminated chalcopyrite mineralization and intense IOCG associated alteration
FAR-22-019Farellon North18885-91 m brecciated quartz veining with strong chalcopyrite mineralization
FAR-22-020New Zone182142-147.6 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 IDEastingNorthingCuT%Au g/tCo%
12398430970168891594.970.430.07
12398530986268892913.730.800.02
12398630964468890703.400.410.03
12398730942468888431.600.230.10
12398930922768884203.860.680.04
12399030904068880032.490.630.02

 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4932/242622_74b034dc84c71b1e_005.jpg

Figure 5: Chalcopyrite in brecciated quartz vein FAR-22-019 at 86m

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4932/242622_74b034dc84c71b1e_005full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4932/242622_redmetalfig6_550.jpg

Figure 6: Chalcopyrite primary mineralization FAR-22-020 from 6m wide zone at 145.5m and 147.5m

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4932/242622_redmetalfig6.jpg

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

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 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.

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
Red Metal Resources Engages German Investor Awareness and Digital Marketing Consultants

Red Metal Resources Engages German Investor Awareness and Digital Marketing Consultants

Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") The Company has engaged Investment-Zirkel-München ("IZM") that offers several services for German language investor awareness including news dissemination, conference calls, real-time investor forums and an active investors network throughout Europe. IZM has a select investor following that participate in both financings and open market buying. The IZM contract is for a two-year term at a cost of CAD$25,000.

IZM has a business address at Lena-Chris-Str 9, Nuebiberg, Germany. The services to be provided will be overseen by Mathias Voigt, President of the company, who can be contacted at mv@i-z-m.info. Mr. Voigt owns 150,000 shares of the Company.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Lumina Gold Announces US$3.1 million Wheaton Precious Metals Draw and Amendment to the PMPA

Lumina Gold Announces US$3.1 million Wheaton Precious Metals Draw and Amendment to the PMPA

Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") is pleased to announce that under the previously announced US$300 million precious metals purchase agreement (the "PMPA") with Wheaton Precious Metals International Ltd., a wholly owned subsidiary of Wheaton Precious Metals Corp. ("Wheaton"), the Company has drawn the final installment of US$3.1 million (the "Final Installment") from the Early Deposit (as defined in the PMPA). The draw is related to specific pre-construction acquisition transactions. Wheaton has now advanced a total of US$48 million to Lumina. The remaining US$252 million under the PMPA will be advanced once specific conditions allowing for the start of construction have been met.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Forte Minerals Engages Trion Communications GmbH for European Investor Awareness

Forte Minerals Engages Trion Communications GmbH for European Investor Awareness

Forte Minerals Corp. ("Forte" or the "Company") ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ) is pleased to announce its engagement of Trion Communications GmbH ("Trion") to provide investor relations and communication services in the German-speaking markets effective April 1, 2025 in accordance with Canadian Securities Exchange ("CSE") policies.

Trion Communications GmbH will support Forte in enhancing visibility among investors in Germany, Austria, and Switzerland. Their role includes distributing company news, translating shareholder communications, coordinating editorial placements in German financial publications, and fielding investor inquiries via multiple channels.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Cygnus intersects new high-grade gold, plus visible gold* identified in subsequent holes

Cygnus intersects new high-grade gold, plus visible gold* identified in subsequent holes

Chibougamau Copper-Gold Project, Canada

HIGHLIGHTS:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Fast Track Application for the Taranaki VTM Project Lodged

Fast Track Application for the Taranaki VTM Project Lodged

Manuka Resources (MKR:AU) has announced Fast Track Application for the Taranaki VTM Project Lodged

Download the PDF here.

WESTERN COPPER AND GOLD STRENGTHENS STRATEGIC PARTNERSHIP WITH MITSUBISHI MATERIALS

WESTERN COPPER AND GOLD STRENGTHENS STRATEGIC PARTNERSHIP WITH MITSUBISHI MATERIALS

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce that it has strengthened its relationship with Mitsubishi Materials Corporation ("Mitsubishi Materials").

Western Copper and Gold Corporation Logo (CNW Group/Western Copper and Gold Corporation)

Western has entered into an amended and restated investor rights agreement (the "Agreement") with Mitsubishi Materials, most notably extending the rights and obligations thereunder until May 30, 2026 , subject to Mitsubishi Materials acquiring 2 million common shares of the Company through open market purchases. These purchases will be non-dilutive to existing shareholders, as no new shares will be issued by the Company. Upon completion, Mitsubishi Materials' equity ownership in Western is expected to return to approximately 5%.

"Mitsubishi Materials have been a supportive partner, and we are pleased to see them grow their ownership in Western," said Sandeep Singh , President and CEO. "Their continued support through this proposed new investment, made through non-dilutive, open market purchases, is another vote of confidence in the team and the Casino Project. The corresponding extension of rights reflects the productive and aligned relationship we've built, and we look forward to continuing to collaborate as we advance one of Canada's most important critical minerals projects."

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
President and CEO
western copper and gold corporation

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding Mitsubishi Materials acquiring additional common shares of the Company.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-gold-strengthens-strategic-partnership-with-mitsubishi-materials-302428507.html

SOURCE western copper and gold corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/15/c9765.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Talon Metals Drills Significant Nickel-Copper Mineralization Intercept at Tamarack During Feasibility Study Drilling

Intercept is outside of the Tamarack Resource Area at shallow depths in the CGO East Zone

Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) (together with its subsidiaries, "Talon" or the "Company"), the majority owner and operator of the Tamarack Nickel-Copper-Cobalt Project ("Tamarack Nickel Copper Project") in central Minnesota, is pleased to announce a mixed massive sulphide intercept in the CGO East Zone at the Tamarack Nickel Copper Project measuring 16.09 meters.

News Provided by Newsfile 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

×