Latest news with #RedMetal
Yahoo
a day ago
- Business
- Yahoo
Red Metal Resources Provides Update on Results of Mapping Program on Its Carrizal IOCG Property
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - 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 Significant sample returns of 17.3% Cu with 5.0 g/t Au, 7.1% Cu with 8.4g/t Au, and 6.8% Cu with 7.0 g/t Au in the South Theresa Zone Clear definition of veins in the South Theresa zone, which show higher gold to copper ratios than the main Farellon structure 71 samples collected, all samples returned higher than 1% Cu, 41 returned greater than 4% Cu, and 22 returned greater than 1g/t Au Figure 1: Gold sample results To view an enhanced version of this graphic, please visit: Figure 2: Copper sample results To view an enhanced version of this graphic, please visit: Red Metal Resources President and CEO, Caitlin Jeffs, stated, "These outstanding results, with grades up to 17.3% copper and 8.4 g/t gold, underscore Carrizal's potential as a cornerstone asset in the global copper-gold sector. With the Carrizal Property, we have the potential to unlock a world-class IOCG system, and we invite our shareholders to join us on this exciting journey toward discovery." The 2025 mapping and sampling program has highlighted the higher-grade gold potential of the southwestern extension of the veins that have never been drill tested and only had limited sampling. Sampling of the Armonia vein as it extends from the historic Carrizal Alto mine onto Red Metal's Carrizal Property continues to highlight the 2.5 kilometeres of veining that has not been drill tested. Table 1: Grab Sample Highlights (1)(2) Sample Number Northing UTM Easting UTM CuT % Total Cu CuS % Soluble Cu Au g/t South Theresa Veins Carz 010 310602 6888689 17.3 17.1 5.0 Carz 011 310521 6888638 7.1 6.8 8.4 Carz 018 309681 6888087 6.8 6.6 7.0 Carz 071 309713 6888210 6.3 6.2 0.4 Carz 021 309812 6888230 6.1 6.0 0.3 Carz 023 309970 6888385 4.9 4.9 1.0 Carz 017 309650 6888053 4.9 4.8 1.6 Carz 013 310274 6888473 4.5 4.4 0.8 Carz 014 310202 6888420 4.3 4.2 0.7 Gorda Vein Carz 106 309378 6888671 7.2 7.1 1.9 Carz 103 309470 6888778 5.8 5.8 0.5 Carz 101 309520 6888848 5.4 5.1 0.5 Carz 110 309199 6888442 4.5 3.9 1.4 Carz 107 309315 6888618 4.5 4.4 1.0 Carz 113 309043 6888118 4.4 4.3 0.6 Carz 112 309150 6888347 4.0 3.9 1.0 Armonia Vein Extension Carz 001 311355 6889213 5.7 5.5 0.3 Carz 047 311279 6890005 5.5 5.5 0.7 Carz 003 310985 6888985 4.9 4.8 3.0 Carz 088 310935 6889853 4.5 4.4 0.3 Carz 044 311497 6890106 4.4 4.3 0.8 Carz 058 310385 6889051 4.2 4.0 1.2 Carz 084 310621 6889602 3.9 3.2 0.8 Carz 043 311544 6890152 3.8 3.6 0.5 Carz 080 310432 6889267 3.6 1.1 1.0 (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 includes seven separate mineral claim blocks and mineral claim applications, highly prospective for Hydrogen, covering 172 mineral claims and totalling 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 Contact: Red Metal Resources Ltd. Caitlin Jeffs, President & CEO 1-866-907-5403 invest@ 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 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 Sign in to access your portfolio
West Australian
3 days ago
- Business
- West Australian
Qld government grants to help Red Metal drill big copper-gold targets
Red Metal is poised to unlock the vast mineral potential of its Queensland copper-gold projects, thanks to two collaborative drilling grants worth a total $400,000 from the Queensland Government. The funds are set to spearhead the company's proof-of-concept drilling program at two highly prospective iron oxide-copper-gold projects at its Gulf and Three Ways prospects. The company says its high-impact drill testing on geophysical targets in the Mount Isa terrain will be the first deep testing of the prospects, which are in a region renowned for hosting world-class base metal deposits. Red Metal has zeroed in on its GT9 target at Gulf, a compelling gravity anomaly that mirrors the scale and intensity of BHP's giant Oak Dam copper-gold deposit in South Australia. Oak Dam has 1.4 billion tonnes of resources, including 220 million tonnes at 2 per cent copper and 0.5 grams per tonne (g/t) gold. Historic drilling at Gulf has already uncovered hematite breccias - key indicators of IOCG systems - lending weight to the company's bold claim that the 'must-drill' target suggests the potential for a game-changing discovery akin to Oak Dam. At Red Metal's Three Ways project 100 kilometres south of Gulf, the company is preparing to drill a 1.7km-long magnetic target, which coincides with a strong conductance anomaly that Red Metal says is indicative of Mount Isa-style sedimentary-hosted copper mineralisation. Located in a newly identified basin near a major fault zone, Three Ways copper sulphidic host rocks and proximity to a regional structure make it a prime property for big-scale base metal deposits. Heritage surveys for both projects are slated for June, paving the way for drilling to kick off in August. The Queensland Government's funding underscores the state's commitment to fostering its critical minerals future, particularly copper, as the region braces for the closure of Glencore's Mount Isa copper mines later this year. Queensland, Western Australia and the Northern Territory all offer collaborative exploration grants, which can offer a huge fill up to mining juniors wanting to drill high-risk exploration projects in remote, well-covered areas. Also important for the company, its 44 per cent stake in ASX-listed Maronan Metals could soon be churning cash as well. Maronan yesterday unveiled a significant resource update for its silver-lead-copper-gold project near Cloncurry, Queensland. Infill drilling of the project's shallow starter zone has more than doubled the indicated silver-lead resource to 5.3Mt at 5.2 per cent lead and 116g/t silver. A maiden indicated copper-gold resource was simultaneously released featuring 1.6Mt at 0.77 per cent copper and a healthy 0.67g/t gold. These sit within much bigger global inferred resources of 33.1Mt at 6 per cent lead and 108g/t silver and some 32Mt grading 0.85 per cent copper and 0.63g/t gold respectively. Maronan has a scoping study underway, but its project's proximity to the world-class Cannington mine 90km away and its near-surface mineralisation position it as a near-term development opportunity, complementing Red Metal's expansive portfolio of riches. Not to be overlooked, Red Metal's flagship Sybella rare earths project near Mount Isa continues to loom large as a globally significant asset. Recent testwork confirmed Sybella's exceptional heap leach potential, with high recoveries of magnet rare earths such as neodymium and praseodymium (up to 81%) using minimal acid and ultra-low iron impurities. The project's colossal 4.8Bt resource, grading 302 parts per million (ppm) neodymium-praseodymium and 28ppm dysprosium-terbium across an 8-square-kilometre area, offers a low-capex, long-life opportunity that could position Red Metal as a key player in the global rare earths market. That's if the company can square away its all-important metallurgical refining process. As Red Metal advances its Gulf and Three Ways drilling programs, alongside Maronan's development milestones and Sybella's massive resource potential, the company is entering a pivotal chapter in Queensland. With plenty of world-class potential projects, having multiple chances to land the big one would seem the strategy for the all-upside Red Metal. Is your ASX-listed company doing something interesting? Contact:
The Age
3 days ago
- Business
- The Age
Qld government grants to help Red Metal drill big copper-gold targets
Red Metal is poised to unlock the vast mineral potential of its Queensland copper-gold projects, thanks to two collaborative drilling grants worth a total $400,000 from the Queensland Government. The funds are set to spearhead the company's proof-of-concept drilling program at two highly prospective iron oxide-copper-gold projects at its Gulf and Three Ways prospects. The company says its high-impact drill testing on geophysical targets in the Mount Isa terrain will be the first deep testing of the prospects, which are in a region renowned for hosting world-class base metal deposits. Red Metal has zeroed in on its GT9 target at Gulf, a compelling gravity anomaly that mirrors the scale and intensity of BHP's giant Oak Dam copper-gold deposit in South Australia. Oak Dam has 1.4 billion tonnes of resources, including 220 million tonnes at 2 per cent copper and 0.5 grams per tonne (g/t) gold. Historic drilling at Gulf has already uncovered hematite breccias - key indicators of IOCG systems - lending weight to the company's bold claim that the 'must-drill' target suggests the potential for a game-changing discovery akin to Oak Dam. At Red Metal's Three Ways project 100 kilometres south of Gulf, the company is preparing to drill a 1.7km-long magnetic target, which coincides with a strong conductance anomaly that Red Metal says is indicative of Mount Isa-style sedimentary-hosted copper mineralisation. Located in a newly identified basin near a major fault zone, Three Ways copper sulphidic host rocks and proximity to a regional structure make it a prime property for big-scale base metal deposits. Heritage surveys for both projects are slated for June, paving the way for drilling to kick off in August. Red Metal's managing director Rob Rutherford recently noted: 'If we hit a huge IOCG breccia, it could be a write-your-own-cheque scenario for a junior like us.'
Sydney Morning Herald
3 days ago
- Business
- Sydney Morning Herald
Qld government grants to help Red Metal drill big copper-gold targets
Red Metal is poised to unlock the vast mineral potential of its Queensland copper-gold projects, thanks to two collaborative drilling grants worth a total $400,000 from the Queensland Government. The funds are set to spearhead the company's proof-of-concept drilling program at two highly prospective iron oxide-copper-gold projects at its Gulf and Three Ways prospects. The company says its high-impact drill testing on geophysical targets in the Mount Isa terrain will be the first deep testing of the prospects, which are in a region renowned for hosting world-class base metal deposits. Red Metal has zeroed in on its GT9 target at Gulf, a compelling gravity anomaly that mirrors the scale and intensity of BHP's giant Oak Dam copper-gold deposit in South Australia. Oak Dam has 1.4 billion tonnes of resources, including 220 million tonnes at 2 per cent copper and 0.5 grams per tonne (g/t) gold. Historic drilling at Gulf has already uncovered hematite breccias - key indicators of IOCG systems - lending weight to the company's bold claim that the 'must-drill' target suggests the potential for a game-changing discovery akin to Oak Dam. At Red Metal's Three Ways project 100 kilometres south of Gulf, the company is preparing to drill a 1.7km-long magnetic target, which coincides with a strong conductance anomaly that Red Metal says is indicative of Mount Isa-style sedimentary-hosted copper mineralisation. Located in a newly identified basin near a major fault zone, Three Ways copper sulphidic host rocks and proximity to a regional structure make it a prime property for big-scale base metal deposits. Heritage surveys for both projects are slated for June, paving the way for drilling to kick off in August. Red Metal's managing director Rob Rutherford recently noted: 'If we hit a huge IOCG breccia, it could be a write-your-own-cheque scenario for a junior like us.'
West Australian
19-05-2025
- Business
- West Australian
Red Metal Ltd heap leach tests point to low-cost Qld rare earths win
Red Metal Limited has turbocharged the value proposition of its Sybella rare earths discovery in Queensland after fresh test work confirmed the project's strong heap leach potential to deliver high recoveries of the more lucrative magnetic rare earths and ultra-low iron impurities, all while using just minimal amounts acid. Bottle roll leach tests carried out on weathered granite from the project's Kary Zone revealed a pH sweet spot between 2.0 and 2.5, where high recoveries of magnet rare earth oxides (MREOs) including neodymium and praseodymium could be recovered using just room-temperature sulphuric acid. When the acid's pH was kept at 2.0 or higher, acid use and iron levels stopped increasing, hinting at the possibility of not needing to build special barriers, called ' inter-lift liners' , between heap layers, thereby saving time and money. Notably, the weaker acid levels still delivered the goods, with extraction rates for neodymium and praseodymium (NdPr) clocking in as high as 81 per cent. Even the expensive heavy rare earths - dysprosium and terbium returned impressive average recoveries of up to 60 per cent. The company says, as a key input cost of the project, the uber-low acid consumption - requiring only 17 and 22 kilograms of sulphuric acid per tonne – undelines the project's potentially unique economics. Further testing showed that by mixing the acid with crushed rock before it is heaped up, dubbed ' acid agglomeration', the acid spreads more evenly and reacts faster with the rock. This could shorten processing time and extract more valuable rare earths. Remarkably, if the leach liquor was then re-used, it caused iron to precipitate as goethite over time, further cleansing the leach solution while generating additional acid to prolong rare earths extraction. The technique has slashed iron impurities from 13 per cent down to just 1 or 2 per cent — a game-changing drop that should sharply cut downstream processing costs. With cleaner leach liquor in play, margins on rare earths carbonate production could get a serious boost. The company is now prepping for its next critical step of conducting column leach tests on nine, 85- millimetre diamond core samples recently drilled at Kary. The tests will simulate full-scale heap leach conditions on crushed ore and should provide the all-important data needed for mine scoping studies. Five of the core holes are also being put under the microscope using advanced HyLogger spectral scanning to zero in on key mineral zones that could hold the keys to unlocking better leach performance. Together with plans to run similar bottle-roll tests on its nearby Templeton zone, Red Metal intends to keep pushing the envelope at Kary to unearth the full potential of the deposit's depth and strike, which has already doubled in surface area from 3.5 to 8 square kilometres. Heritage surveying is being prepared for a drill campaign later in the year after the wet season. Apart from being easy on the acid, the Sybella deposit, which sits 20 kilometres south-west of the major mining hub at Mount Isa, should also benefit from its sheer scale. With 4.8 billion tonnes grading 302ppm NdPr and 28ppm DyTb, the granite-hosted behemoth packs the kind of tonnage that could turn a low-cost leach operation into a long-life cash machine. Whilst in reality rare earths are not actually that rare, low capex and low opex projects that can be catapulted into production with relative ease probably are. Throw in an Australian Prime Minister and an American President that are on the hunt for rare earths stockpiles and Red metal just might find itself in the box seat later this year as its testing progresses. Is your ASX-listed company doing something interesting? Contact:
