- Red Metal Resources (RMES) has announced the final drill results from the 2022 diamond drill program at its Carrizal property in Chile
- The 2022 drill program consisted of nine drillholes totalling 2,010 metres
- Results will help to develop future drill targets along with detailed structure and alteration mapping across the entire property
- Red Metal Resources is a mineral exploration company focused on acquiring, exploring and developing copper-cobalt-gold assets in Chile
- Red Metal Resources Ltd. (RMES) is unchanged on the day, trading at C$0.08 per share at 12 pm ET
Red Metal Resources (RMES) has announced the final drill results from the 2022 diamond drill program at its Carrizal property in Chile.
The 2022 drill program consisted of nine drillholes totalling 2,010 metres. The program successfully tested the continuity of the north and south Farellon structures at depth, and drilled a newly mineralized structure that lies 250 metres to the east from the Farellon vein.
Highlights:
- Results for the last four drillholes highlight the complexity of vein structures within the metasedimentary unit and show consistency with historic drilling
- FAR-22-019 2.8 metres of 0.90% Cu, 0.02% Co and 0.04 g/t Au, continues the down dip extension on the north vein structure
- FAR-22-016 4.4 metres of 0.35% Cu, 0.19% Co and 0.18 g/t Au, this intercept confirms continuity of the mineralized structure in the north and extends mineralization down dip to a vertical depth of approximately 200 metres
Table 1: Assay Results
| Drillhole | From | To | Length | Cu% | Co% | Au g/t | CuEq% |
| FAR-22-015 | 116.5 | 120.5 | 4 | 0.09 | 0.04 | 0.13 | 0.4 |
| FAR-22-016 | 215.9 | 220.3 | 4.4 | 0.35 | 0.19 | 0.18 | 1.49 |
| FAR-22-018 | 201.5 | 207.4 | 5.9 | 0.13 | 0.02 | 0.04 | 0.27 |
| FAR-22-019 | 86 | 88.8 | 2.8 | 0.9 | 0.02 | 0.04 | 1.04 |
| includes | 86.8 | 87.9 | 1.1 | 2.12 | 0.04 | 0.12 | 2.42 |
| FAR-22-012 | 79.55 | 83.25 | 3.7 | 0.62 | 0.08 | 0.13 | 1.14 |
| FAR-22-013 | 55.25 | 59.3 | 4.05 | 0.98 | 0.07 | 0.1 | 1.42 |
| FAR-22-013 | 97.1 | 123 | 25.9 | 0.31 | 0.05 | 0.08 | 0.63 |
| FAR-22-017 | 200.4 | 204 | 3.6 | 1.36 | 0.01 | 0.42 | 1.73 |
| FAR-22-020 | 139.9 | 147.7 | 7.8 | 0.83 | 0.09 | 0.19 | 1.44 |
| includes | 142 | 147.7 | 5.7 | 1.1 | 0.12 | 0.25 | 1.91 |
Caitlin Jeffs, President, CEO commented on the results.
“We are excited to see depth continuity both to the North and South end of the Farellon structure. At the north end mineralization has been extended a further 50 metres down dip to approximately 200 metres vertical depth. Drilling has now outlined the mineralizing system on only a small portion of the four kilometres of the Farellon structure and we look forward to testing that, along with the numerous undrilled parallel structures identified on the greater property.”
Red Metal Resources is a mineral exploration company focused on acquiring, exploring and developing copper-cobalt-gold assets in Chile. The Company’s projects are located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile’s coastal Cordillera.
Red Metal Resources Ltd. (RMES) is unchanged on the day, trading at C$0.08 per share at 12 pm ET.