2022-08-17 | CSE: RMES | Press release
Vancouver, British Columbia–(Newsfile Corp. – Aug. 17, 2022) – Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (the “Company” or “Red Metal”) is pleased to announce the results of the 2022 geological mapping program on its Carrizal property, Region III, Chile.
The 2022 mapping and prospecting program focused on detailed vein mapping along strike 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 meters east of the Farellon structure which has been mapped and laterally sampled for a full kilometer. Five other veins have been mapped and sampled in detail to develop future drill targets throughout the property.
- A high sample return of 5.77% Cu, 1.55% Co and 0.11 g/t Au two kilometers along strike north of recent drilling on the Farellon structure
- Three veins mapped in detail, each demonstrating over a kilometer of prospective length with mineralized grab samples
Table 1: Snapshot Highlights(1)(2)
|Sample number||North UTM||UTM easting||Altitude (asl)||Sample weight (Kg)||August/t||Co%||Cu%|
(1)Management cautions that prospecting for surface rock samples and associated assays, as discussed here, are selective in nature and represent a point location, and therefore are not necessarily fully representative of the mineralized horizon sampled.
(2)This table represents a selection of highlights including 41 samples out of 102 samples taken
Figure 1: Surface mapping and prospecting sample results
To view an enhanced version of this graphic, please visit:
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 value in situ and does not take into account metallurgical, refining or other losses
Caitlin Jeffs, President and CEO comments, “We are excited to see so many new potential drill targets near the Farellon structure.
Samples are prepared and analyzed by ALS laboratories in La Serena, Chile and Lima, Peru. Samples are assayed for gold using Fire Assay-AA techniques. All samples are analyzed using a 33 element 4 acid digestion ICP analysis method and copper samples above 10,000 ppm are again analyzed only for copper using the same ICP analysis method. to analyse.
The technical information contained in this press release has been reviewed and verified by Caitlin Jeffs, P. Geo., President and Chief Executive Officer of the Company and the Qualified Person as defined by National Instrument 43-101.
About Red Metal Resources Ltd.
Red Metal Resources is a mining exploration company focused on growth through the acquisition, exploration and development of copper-cobalt-gold assets in Chile. The Company’s projects are located in the prolific iron oxide copper-gold Candelaria (IOCG) belt of Chile’s Coastal Cordillera. Red Metal is listed on the CSE under the symbol RMES and on the alternative trading system OTC Link on the OTC Pink market under the symbol RMESF.
All statements contained in this press release, other than statements of historical facts, are “forward-looking information” within the meaning of applicable securities laws, including, without limitation, statements relating to the description of his exploration plans. 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, such information is subject to inherent risks and uncertainties which may be general or specific and which give rise to the possibility that the expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that the assumptions correct and that the objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include, but are not limited to, discoveries, exploration results and recommendations, the ability to raise adequate financing, the receipt of required approvals, and the unprecedented market and economic risks associated with current unprecedented market and economic circumstances, as well as identified risks and uncertainties. and reported in Red Metal’s public filings under its SEDAR profile at www.sedar.com. Although Red Metal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking information, there may be other factors that cause actual actions, events or results are not those intended, 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, except as required by law.
CSE has not approved or disapproved of the contents of this press release or passed on the merits of any of the transactions described herein.
Neither the CSE nor its Regulation Services Providers (as that term is defined in the CSE policies) accepts responsibility for the adequacy or accuracy of this release.
For more information, visit www.redmetalresources.com
Red Metal Resources Ltd.
Caitlin Jeffs, P.Geo, CEO
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